People completely misunderstanding odds at the casino

[L E G E N D A R Y]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

[angrybirdy]

Not only with slot type games in my opinion, the same as other games with the name gambling that cannot be predicted and yes slot type games are one of the most powerful games otherwise the results cannot be predicted because this depends entirely on luck.

I agree with what you said, online or physical gambling does not affect the winning factor because basically it is determined by luck in our favor or not.

Apart from that, another misconception is that some people consider gambling to be one way to make money, although it is basically true that there are benefits that can be obtained but this does not mean to be a certainty.

I think it's a huge misconception when people consider gambling a secondary source of income. Not all players win, and winnings can hardly be considered income, especially considering how much time they spend on it and how much stress they experience with each loss. I've always said that finding a part-time job is better, it will yield much more profit than trying to achieve the same result from gambling.

for people like us who dont  treat it as a source of income as it's just something we do occasionally, But for some people, it's become a normal part of theireveryday life because of how difficult to earn enough. FYI, Finding a well paying job or even a part time is really challenging especially here in our country because even if you have a degree or working in a managerial position, the salary often isn't enough, especially with the cost of living continuing to rise due to inflation...Yes, there are times when gambling can bring a big win (if luck hits you), but it's never something anyone should rely on because it is still based on chance. If you're lucky enough to win, muchbetter to use that money for practical and important needs rather than expecting gambling to provide a steady income.

[DrBeer]

It seems gamblers can easily fall for fallacies because they badly want to win. Anything that makes their odds a little better, whether true or false, is worth believing or trying.

I'm from a country where gambling is somehow cultural. I can easily observe how fallacies and superstitions turn into something serious because of their strong desire to go home profitable. The main argument it seems is that "there's no harm in trying". For example, they'd lose nothing if they put their lottery ticket inside the pages of the bible or underneath a statue of a saint.

There’s no fraud here at all,  everything is completely open and clear, if you look into it rather than believing in fairy tales and legends. But human greed and stupidity get the better of people. It’s more a matter of counting on these "traits" in people.
You yourself say that it’s all based on misconceptions and superstitions. Putting money in the Bible is the height of foolishness, considering that the Bible, to put it mildly, isn’t exactly on the side of gambling

[Somto9Light]

There’s no fraud here at all,  everything is completely open and clear, if you look into it rather than believing in fairy tales and legends. But human greed and stupidity get the better of people. It’s more a matter of counting on these "traits" in people.
You yourself say that it’s all based on misconceptions and superstitions. Putting money in the Bible is the height of foolishness, considering that the Bible, to put it mildly, isn’t exactly on the side of gambling

The first rule of gambling for me has always been, “always remember that the odds are always against you” and I know how many times this has helped me in situations that I may have likely made some stupid decisions. But unfortunately not every gamblers know or even believe this, which makes them always wanna keep pushing their luck, even when it’s clear the odds are against them, this is why most gamblers end up making stupid mistakes all the time and that is no one’s fault but the gamblers themselves.

[Alex077]

For me the one that takes the cake though is people believing it's reasonable to count cards in online live blackjack. Like really what's the point of counting cards when the shoe is cut in the half of 8 whole decks? Maybe you reduce your risk of ruin a tiny bit but the house edge is still there and there's still a lot of entropy for so many decks that are perfectly shuffled. The shuffle even happens on camera so it's pointless to argue that there's tampering. But to try and count cards is just a waste of time. The casino will just keep winning from the edge it has...

I agree that a lot of these gambling myths have been around for decades, even though the games themselves have changed a lot.
I wouldn't put card counting in the same category as those gambling myths. Unfortunally it can actually work only in classic blackjack when a few decks are in play. The main problem is that most online casinos don't offer those conditions anymore.
This is probably what confuses a lot of new gamblers. They waste hours trying to use a strategy that gives them little or no real advantage, and the house edge doesn’t go anywhere.  I think the biggest mistake is using the right strategy in the wrong situation.

[Hispo]

It seems gamblers can easily fall for fallacies because they badly want to win. Anything that makes their odds a little better, whether true or false, is worth believing or trying.

I'm from a country where gambling is somehow cultural. I can easily observe how fallacies and superstitions turn into something serious because of their strong desire to go home profitable. The main argument it seems is that "there's no harm in trying". For example, they'd lose nothing if they put their lottery ticket inside the pages of the bible or underneath a statue of a saint.

Well, if they were truly religious and fearer God as the bible commanded, they would be aware how they are literally worth shipping statues and mixing up their greed with the Bible. A true Christian would not mix their gambling activity with their religion whatsoever, as there are more chances for literal demons to interfere than Saints.

Though, I can understand it is rather a cultural thing and it seems to be acceptable in churches in your country. Here Catholicism is rather flexible with what one can or cannot when comes to gambling or betting. The argument is that it is okey as long as one is not hurting others or oneself by risking one's money.

[Iranus]

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

You have raised a very important point. And it is true. I have seen many gambling friends around  me think like this. They often say  that one day they will win a huge amount of money in  gambling. I have seen them who are not that rich. Yet they spend a certain amount of  money every day in online casinos. It may not be a huge amount, but they do it regularly. And they are waiting for one day they will get a huge amount. The surprising thing is that 2/1 people really win big  amounts. I have seen a friend of  mine who deposited only 10 dollars in an  online casino. But in just a few hours he was  able to withdraw almost 750usd.

[Gost ms]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

Yes I completely agree with you. A person who gambles or is addicted to gambling certainly does not understand that gambling is not a source of income. I think that for every person who is involved in gambling, the number of losses is more than the number of wins. Because if I say so myself, I do not gamble very much and I gamble with the amount of money that I can afford to lose. Even in this small amount of gambling, the number of losses is much more than the number of wins. This situation may be in the case of every person. If a person loses for 5 days and if a person wins for 1 day, then that person gets the win for 1 day and forgets about it for 5 days and he starts gambling again.

[fredericktaylor]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

Yes I completely agree with you. A person who gambles or is addicted to gambling certainly does not understand that gambling is not a source of income. I think that for every person who is involved in gambling, the number of losses is more than the number of wins. Because if I say so myself, I do not gamble very much and I gamble with the amount of money that I can afford to lose. Even in this small amount of gambling, the number of losses is much more than the number of wins. This situation may be in the case of every person. If a person loses for 5 days and if a person wins for 1 day, then that person gets the win for 1 day and forgets about it for 5 days and he starts gambling again.

Winning through gambling depends largely on luck. Those who can control their emotions and greed and manage gambling with discipline can survive until the end of gambling. Naturally, after winning money through gambling, most gamblers become greedy and those who control their greed and emotions. Through gambling, we must follow the right rules and gamble with money that we can afford to lose. It is better to gamble for entertainment purposes with money that we can afford to lose.

[Cgrexp]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

Yes I completely agree with you. A person who gambles or is addicted to gambling certainly does not understand that gambling is not a source of income. I think that for every person who is involved in gambling, the number of losses is more than the number of wins. Because if I say so myself, I do not gamble very much and I gamble with the amount of money that I can afford to lose. Even in this small amount of gambling, the number of losses is much more than the number of wins. This situation may be in the case of every person. If a person loses for 5 days and if a person wins for 1 day, then that person gets the win for 1 day and forgets about it for 5 days and he starts gambling again.

Listening to your game consistency, it is understood that you are a self-controlled gambler. Gamblers must be responsible. Irresponsible gamblers always face big losses. Listening to your words, it is understood that you gamble only for entertainment. Gamblers will never get addicted if they play with the money they can afford to lose. All gamblers know that the number of losses in gambling is more than the number of wins. If a gambler says that he has won more than his losses, then I will tell him that he has never really gambled or that he is lying. So no matter how skilled a gambler is, he will have to lose several times while gambling.

[Dunamisx]

I mostly don't consider the odds when gambling, because it may be a distraction to lure us into playing in the direction way are not meant to take, somewhere definitely go for high odds in gambling, but what I always consider is the game condition considering the factors that surrounds it, the bookmakers are very wise when it comes to giving odds and that is why the often used that as a deceptive mechanism except we are much experience in going for what we want in terms of game play without considering the odds.

[Rabata]

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

Right, online casinos is built to serve gamblers anytime they want to play the game, but people fall into the traps because the think a specific day or time will favour them, forgetting that it is built to be like that and this is why the games based on luck and chance, as one can't be able to predict or understand the game. So, thinking they understand the game more better by thinking a particular time or day can favour time often leads them into destruction and its good for one to just bet and leave the rest for luck to handle.

It is better to bet on casino games and leave it to luck. But in sports betting, gamblers can bet on the right analysis. Casino games always run through mathematical formulas. So it never brings a sure win. You are right that casino games are arranged in such a way that gamblers think that the games will be in their favor for a certain time. But casino games always run on their own rules. Which is never possible for a gambler to fully understand and place the right bet. Sports betting increases the chances of gamblers winning. Because in it, gamblers can decide to bet based on the current performance of any team. So in my opinion, it is better to do sports betting for entertainment instead of wasting time on online casino games.

[Royal Cap]

We all know that gambling is uncertain. Even addicted gamblers return to gambling again and again despite knowing that it is uncertain. They come to gamble again and again only because of the greed for money, seeing big returns. I have seen many gamblers who have lost repeatedly by placing big bets on the performance of a team. Because according to the prediction of the tide, no team will ever perform the same. So, it is true that gambling is uncertain and it is not a means of earning money. Despite good research on gambling, the results are uncertain. We can consider gambling is just one of the other means of entertainment.

This is actually the biggest reality of gambling. No matter how much analysis is done about a match or a team, in the end, something can happen that no one could have foreseen. A last minute mistake can change the picture of the entire match. And regarding the issue of OP, I will say that in the long run, every casino game has a mathematical advantage for the house, so it is more realistic to see gambling as entertainment rather than a sure way to earn money.

[Zwei]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though...

what do you mean past outcomes don't affect future ones? come on, why you have to be like that? don't shatter my gambling hopes. the gambling guru who never loses told me i can get rich gambling if i just buy his roulette strategy book for $999. you just don't want me to get rich. /s

For me the one that takes the cake though is people believing it's reasonable to count cards in online live blackjack. Like really what's the point of counting cards when the shoe is cut in the half of 8 whole decks? Maybe you reduce your risk of ruin a tiny bit but the house edge is still there and there's still a lot of entropy for so many decks that are perfectly shuffled. The shuffle even happens on camera so it's pointless to argue that there's tampering. But to try and count cards is just a waste of time. The casino will just keep winning from the edge it has.

what takes the cake for me is providers accusing players of card counting on their online live blackjack when they know for a fact that it doesn't affect them even if someone does it, even if it's +EV (that if everything goes the player way), it would be a huge waste of time and money if you are doing it for profit.

[DiMarxist]

I mostly don't consider the odds when gambling, because it may be a distraction to lure us into playing in the direction way are not meant to take, somewhere definitely go for high odds in gambling, but what I always consider is the game condition considering the factors that surrounds it, the bookmakers are very wise when it comes to giving odds and that is why the often used that as a deceptive mechanism except we are much experience in going for what we want in terms of game play without considering the odds.

You made a very good point here, one thing I have critically observed when it comes to gambling is that odds are actually ment to deceive the gambling community to behave in a certain way by always, taking some certain odds because of the way that the casino presents it. Odds can actually be tempting in the sense that there are times that the Casino will present odds to us that looks so convincing and too good to be true and Eighty to Ninety percent of gambler's will take such odds and lose their betting slips. The best thing to do is remove your eyes from the odds while gambling.

[sompitonov]

This is actually the biggest reality of gambling. No matter how much analysis is done about a match or a team, in the end, something can happen that no one could have foreseen. A last minute mistake can change the picture of the entire match. And regarding the issue of OP, I will say that in the long run, every casino game has a mathematical advantage for the house, so it is more realistic to see gambling as entertainment rather than a sure way to earn money.

Of course, the casino's profit is embedded in each coefficient, but this does not prevent us players from winning, the main thing is to understand what our advantage is, especially if it is not obvious. In addition, we must adhere to a certain profitable strategy that will help us win more than we lose. But naturally, even professionals are not confident in their strategies, because luck turns away even from them. Generally, playing for fun is one of the best solutions, but we should be prepared to lose most likely.

[Oshio-man]

I mostly don't consider the odds when gambling, because it may be a distraction to lure us into playing in the direction way are not meant to take, somewhere definitely go for high odds in gambling, but what I always consider is the game condition considering the factors that surrounds it,

In gambling, I don't think there is something that will make me gamble above my budget or what you can afford to lose because it will make you to open your eyes to get more even though you want to consider an odds it will be easy to be the one you know and it will be easy for you to earn income that will make you stand up confidence to continue winning, I seen you like someone that have experience because you don't need to hurry when you know that the kind odds you have made which it will surely come to reality soon.

[Jaycoinz]

I mostly don't consider the odds when gambling, because it may be a distraction to lure us into playing in the direction way are not meant to take, somewhere definitely go for high odds in gambling, but what I always consider is the game condition considering the factors that surrounds it,

In gambling, I don't think there is something that will make me gamble above my budget or what you can afford to lose because it will make you to open your eyes to get more even though you want to consider an odds it will be easy to be the one you know and it will be easy for you to earn income that will make you stand up confidence to continue winning, I seen you like someone that have experience because you don't need to hurry when you know that the kind odds you have made which it will surely come to reality soon.[/b[

If you don't me asking how possible is it that you will know the odd that would win? The reason am asking is because I have experience so many crazy situations and that's why odd is never a preference if I want to make predictions, infact I don't play a single game so I select many and I only play games that I feel with my analysis would come but I still have it at the back of my mind that the chances are slim no matter the analysis I have used so to stay safe I bet it with just small amounts so I won't get affected.

[Fortify]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though...

For me the one that takes the cake though is people believing it's reasonable to count cards in online live blackjack. Like really what's the point of counting cards when the shoe is cut in the half of 8 whole decks? Maybe you reduce your risk of ruin a tiny bit but the house edge is still there and there's still a lot of entropy for so many decks that are perfectly shuffled. The shuffle even happens on camera so it's pointless to argue that there's tampering. But to try and count cards is just a waste of time. The casino will just keep winning from the edge it has.

I don't know if it's necessarily either of those things, but rather they misunderstand how the technology you talk about has moved along. They might get told by a relative or stumble across an article on the internet that talks about how slot machines used to act, before everything was digitized. Maybe there are still a small minority of old style machines out there which do fill up and dump out between cash collections. However I really don't know if most machines take cash these days or have swapped to purely card/phone payments. In some ways it actually makes sense for a pure newcomer to a slot machine to get slightly favorable odds if the manufacturer can figure out tricks to do that, because a few wins may be enough to make someone a lifetime gambler.

[alastantiger]

This is why I just prefer sportsbetting. At least, instead of a completely random affair that still puts the odds in the favor of casino, I prefer to bet on real live sports event. Even if there's vig, margins and a ton of manipulation that we can't see, at least there's still a fair chance to win compared to casino games. I believe this is why Casino games never appealed to me even though I've seen some survivorship bias kind of wins.

Casino betting is very hard for many people to win unlike how it is easy for most gamblers to win from sports betting, there are some gamblers that their luck is in casino games hence they will be against your response but for those that have seen more luck in sports betting, they will support your response. I have experienced lots of profit from sports betting than I have experienced from casino betting and it is not easy when playing casino games as they depend completely on luck but sports betting does not only depend on luck as your experience can help you to win. The odds are not in your favour for casino games but if you are gambling through sports betting, you have a little chance of using your knowledge to make money.