Gambling Myths Vs Gambling Facts – You Heard All the Myths, Now Here Are the Facts

So what are the gambling myths and gambling facts? A myth is defined as: A popular belief or tradition that has grown up around something or someone. A fact is defined as: A piece of information projected as having objective reality. In the gambling industry there are numerous myths perceived to be facts that range from where the hot slot machines are to tips while playing table games. Here are a few:

Slot Machines

Myth – “The loosest machines are placed at the entrances”.

Fact – All machines are pre-programed to hold a certain percentage of monies played over time to ensure a profit. This is known as the house edge, AKA casino advantage. The percentages may vary from 1 to 15% depending on jurisdiction, denomination, or type.

Myth – “The slots seem to be hitting less on the weekends when it’s crowded. That’s when they tighten them up to make more money”.

Fact – First of all it’s against the law to change the hold amount. Second, the only way to “tighten” up a machine s to contact a representative from the manufacturer to come and change the computer chip, and they would also need casino control board approval. This is time consuming and expensive.

Myth – “Slot attendants know where the hot ones are. Grease their palm and they’ll lead you to the right machines”.

Fact – No one knows which ones are about to hit. Some casinos advertise banks of machines with 98 or 99% paybacks but that’s over the long term. If any slot attendant knew which ones were due to hit, their relatives would probably be playing them.

Myth – “I’ve been playing this machine for a long time and losing. When I left, another player took my seat, and he hits a jackpot on the first spin! If I played just one more spin that jackpot would be mine”!

Fact – A computer chip in the machine called the Random Number Generator, generates thousands of combinations every second. Jackpots can happen even when the machine is not in play. It’s not likely that you would have won.

Blackjack

Myth – “The novice player on my right is making all the wrong moves. He just hit a 16 against a weak dealer 5. He busts by drawing a 10, which should have been mine. I would have won with my double down 11”.

Fact – It’s true that a bad player can affect the outcome of other players hands, but they can also make decisions that result in other players winning. it evens itself out over the long term.

Myth – “I just lost 5 hands in a row. I’m due to win so I’m going to bet up to recoup my losses”.

Fact – The result of your previous hands has no bearing on the results of future hands. If you keep betting up, your money might disappear sooner.

Craps

Myth – “It’s bad luck when a stick man sends the dice to a shooter with a seven showing”.

Fact – Stick persons do not do this intentionally. Sometimes a die will flip on the felt and a seven will show. Sometimes players pre-set the dice to the number they want to hit before tossing. This only holds up the game and aggravates others. Pre-setting the dice does not affect the outcome of the roll.

Myth – “A virgin shooter is good luck”.

Fact – No person or event can cause good or bad luck. First time shooters are often remembered when they win for other players at the table, bu quickly forgotten when they lose.

These are just a few of the gambling myths that have infiltrated the industry over time. Forget the myths and know the facts to maintain a positive and winning attitude. Good Luck!

Top Online Casinos and Gambling Tips & Articles

Articles: Online Casino Strategies Part I

How to Choose an Online Casino.

An online casino is essentially a virtual land casino. While the games and the rules may be the same the environment and strategies change causing the online casino to become an independent entity.

This means that while you may be a professional gambler at a land based casino in Las Vegas in an online casino on the internet it’s a whole new game.

The odds and risks involved in an online casino game change and it’s essential that you learn some strategies suggested by professional online casino gamblers so that you can play the online casino games with better odds.

The online casino that you choose to play at will make or break your game. Every online casino has its own strategies to lure the players and allow the house to win. In order to ensure that the online casino at which you play is the one which will if not beat the house odds at least give you an even chance to win we recommend that you follow the following strategies:

Play at an online casino that offers the latest state of the art gaming zone. An online casino that has the PWC reviews and the player return numbers is reassuring as it shows that it’s an online casino where professionals astute and knowledgeable about their online casino games, play.

24/7 online casinosupport is essential. If an online does not have a 24/7 support numbers do not risk your money there. Online casinos are a risky place and you have to ensure that all odds are on your side. Playing at an online casino that does not offer support increases your chance of losing your money. The 24/7 support number will ensure that there are no confusions about the rules and any doubts that you may have will be clarified.

Do not choose an online casino because it appears in the top ten list of the search engine through the key words you choose. Many sites may advertise their site and appear in the search engines this does not mean they are trust worthy. Its always safer to follow a guide or a Top Ten Site recommendation as you can be sure of the professionalism of the sites advertised as they offer programs that are long lasting rather than temporary. You can be sure your money is safe at such a site.

There are tens of online casino sites. Choose the ones that offer high bonuses and rewards. These online casinos will ensure that every dollar that you put in is stretched as much as possible so that you get the most play out of the least dollar.

Online casinos may offer interactive sites but if your are a professional you may opt for the state of art games at a simple site this will ensure that you do not get distracted with music, pop ups and other such gimmicks used to entertain and distract the players from their winning streak. Concentrate.

Play at US based online casinos that are if not licensed at least within your reach if they do not pay your winnings. The support number and US presence is essential for an online casino.

Once the online casinoof your choice has been picked do not jump from casino to casino. That can be dangerous as many online casinos are scams and will disappear within a few months. If you get bored of one casino play at another casino of the same organization. Most regular online casino sites have a network of casinos offering players the most variety within the same terrain.

The Top Ten Online Casino Guide has the list of online casinos that feature only the casino sites with large networks. The online casino sites listed here are US based, professional offer 24/7 support, have licensed back ups and offer rewards and bonuses that give you the most money and online casino can offer.

So gamble at our top ten online casino sites and beat the odds!

Is Insurance a Form of Gambling? The Ned Flanders Approach to Travel

For those of us that have grown up with the concept of insuring important or expensive things, the idea that it is a form of gambling is usually quite foreign. After all, there is a world of difference between the glazed eyes and bad decisions that fill pokies venues, and the sensible mainstream idea of insurance. Actually, insurance can be likened to gambling – but only in a very abstract sense. Today we explore the Ned Flanders approach to travel and travel insurance… and why for most of, his ar-diddly-arguments just don’t hold up!

The Ned Flanders Approach to Insurance

Actually, the school of thought that says that insurance is a form of gambling is much older than Ned Flanders (ultra-religious neighbour of The Simpsons). However, the pop culture reference to Ned’s belief is quite likely the first time that many of us in the West have encountered the concept. In the Simpsons episode from 1996, Hurricane Neddy, a Hurricane hits Springfield but destroys only the Flanders’ house. When Marge asks about insurance, Maude says that Ned didn’t believe in it – he considered it a form of gambling.

The rationale behind this is that when you take out home insurance, travel insurance, etc, you are effectively making a bet with the insurance company that a specific event will not occur (the destruction of your house, falling ill while you are overseas, etc). The insurance company is betting that it will not occur.

The Difference Between Insurance and Gambling

The idea that insurance is like gambling seems to be nothing more than an exercise in twisting logic, when you look at the purpose of insurance compared to the purpose of gambling. People buy insurance because:

They want to mitigate financial loss in the event that something (fairly unlikely) happens. In travel insurance, this would be the risk of getting sick or being injured, being the victim of crime, or having logistical difficulties that involve financial loss.

People gamble because:

They want to win a large amount of money without working for it (possibly the reason that religions often object to it).

What is an Aleatory Contract?

An aleatory contract is a more precise name for the form of agreement that travel insurance represents. Its definition is ‘a contract in which the performance of one or both parties is contingent on a particular event’. These contracts can mean a major ‘win’ for one party, and a loss for the other. With the current insurance environment though, the win and loss ratio is usually a lot more even that that seen in gambling.

So, what is the purpose of insurance?

Travel insurance, and insurance in general, provides a vital social service. If people had no option but to take on the risk of owning a house, owning a car, being liable for their own overseas medical expenses, etc, they might never do any of the above activities. Consider that while Australia has socialized health care, almost every other country in the world does not… and medical bills can run into the tens of thousands very quickly. Without the small expense of travel insurance, very few people would leave their home country. We would have a fraction of the understanding of other cultures, languages, and religions that make our world so rich today.

Rather than thinking of holiday insurance as gambling, it is much more useful to consider that you are ‘paying for peace of mind’. You are paying a small amount, to mitigate the enormous financial loss that could occur in the future. When you look at it this way, it is definitely worthwhile!

Gambling Away to Victory

It is the era of the computer – the computer age. The computer has graced every home today and it is no longer a luxury but a bare necessity like any other house hold commodity. What the computer can do and can be used to do, knows no bounds and limits and like they say the sky is the limit! One very interesting thing that the computer can achieve though is the activity of facilitating working from home. Today’s youngsters want to change things and are very hesitant to stick to office routines and supervisor’s deadlines. They want to be free like the wind and make easy money at their own comforts. Gambling and making money on the internet while playing roulette is becoming an interesting and integral affair for such advance minded youngsters.

A Roulette wheel at any casino is a wonderful means of making money but how to win at roulette is really a matter to consider. A roulette wheel on a casino is an easy attraction to anybody to wants to make easy money. The only disadvantage of this is that there are no clear strategies to improve the progress in this as this is entirely dependent on luck and chance. This is not a brain game and there is no actual roulette strategies that can help you win more. Does this mean there are no workable roulette strategies that will improve the chances of making money on the Roulette wheel? Like we’ve seen above, it’s a chance game – but the intervention of the brain does definitely help the player to see more advantage of these as against the house. There are quite a few interesting things that can be done to improve our own odds while we play on the roulette wheel. These are some interesting pointers that can help you on how to win at roulette and make more money out of this chance game.

The first and the foremost tip on how to win at roulette – the American roulette is more disadvantageous than the European counterpart. So, choosing to play on the American wheel over the European one is a bad roulette strategy. If you ask why, the European wheel has 37 spaces which comprises on one zero, while the American wheel has 38, with a double zero space. That is the American wheel has 38 digits in total – with a zero and a double zero, whereas the European wheel just has one zero. This simply means that there is a 50% lesser chance for the wheel to stop at 0, when the wheel is spun. So while the wheel spins, there is double the chance of it stopping at a zero on the American wheel than on a European one. The casino houses using the American roulette strategy make about 3% more money than the European one.

Another interesting ploy would be to look for games that provide for En Prison or Surrender as an option is a very good roulette strategy. If you chose option of surrender you get to actually lose only half of what you bet, if you land in double zero. More importantly this applies to all bets – be it red or black, even or odd, high or low. As this enables us to prevent losing about 50% of the winnings, this proves to be an intelligent roulette strategy. When you chose this option and you land either on zero or on double zero when you spin, you stand to lose only half of what you actually bet. This applies to any bets – odd or even, black or red, high or low).

Like discussed, En Prison is also an option while playing these roulette games. The option of En Prison lets the player take a second chance to spin the wheel. This is more or less like surrender and when you land on zero, the chips are put in prison – imprisoned. When the player loses, he places his winnings on the table (meaning they are imprisoned) and takes a second spin. The player gets another roll and if you land again on zero – tough luck and you lose, if you win, you get to have your earlier wins and the one that you just got. There is nothing more that we can if the wheel again stops at zero, unfortunately he loses out. But then if he lands on anything other than the zero, he stands to double win.

These are some of the ploys that can be used to turn this game of chance to the advantage of the player and win more and more. The more the merrier and the entire concentration of the player could be on winning more money at such chance games from the comfort of his home. This is one great way to make easy money in the world today!