Sun, Apr 28, 8:20am by Ethan Anderson
Last Updated Tue, Oct 8, 12:31am
Online casino myths are legion. When people lose at a game, they tend to point fingers and make up excuses. In organized sports, people tend to blame the referees. If not the game officials, then perhaps the coach made a mistake, teammates flubbed a play, or the conditions on the pitch weren’t right. I suppose you could say players sometimes need built-in excuses in order to keep from driving themselves mad with regrets.
In the Internet gambling business, these excuses take on a different character. People bandy about misconceptions involving how the casino software works and what the operators’ intentions are. These conspiracy theories miss the cold hard logic of all gambling: the casino operator holds a house edge. If they didn’t, they couldn’t stay in business. In the end, that’s all the explanation you need for why you lose more money than you win.
Still, it’s fun for many gamblers to spin fairy tales about how unlucky they were, so here’s some of the top fallacies propagated about online casinos.
Casinos don’t have to cheat to win. A licensed, regulated, and legal casino has the right to a certain house edge. This gives the casino a slight advantage in some cases and a quite large advantage in many other situations. Holding a gambling license–whether it’s online or offline–is a virtual license to print money. It’s the same as if I told you, “We’re going to flip a coin. If it’s heads, I win $1.00. If it’s tails, you win $0.90.” Even though it’s a 50/50 proposition, eventually, I’m going to collect more money than you. That’s why casinos beat you more than you beat them.
This is a mistake people make about pokies and video poker machines in land-based casinos, too. Legitimate casinos in either case don’t change the odd while you’re playing. In many cases, machine cannot have their odds changed for 4 minutes before or after a bet is placed. This is “by law” in many jurisdictions, so the game designers build this into their random number generators. To do otherwise would risk the chance they get their license revoked which would be the worst possible scenario. It’s just not worth the risk/reward for management to sabotage your game.
One common suppositions is the idea that casino operators want you to lose all your money. That’s not the case. In fact, they want you to win enough that you keep coming back. Only a degenerate gambler would lose 10 out of 10 times and keeping playing. But if you win 4 out of 10 times, better yet, 9 out of 20 times, you’re likely to win just enough that the thrill of winning brings you back time-and-time again. Internet gambling is like any other business: happy customers make for good business.
Anti-gambling advocates suggest online gambling is more addictive than land-based casinos, lottery games, or bookmaker betting. That’s simply not the case. People get addicted to all forms of gambling, just as they tend to get addicted to non-gambling pastimes, too. See how a person playing lotto scratch-offs keeps going back for a refutation of that idea. What playing on your computer does is make gambling convenient. It’s harder to get out to a casino 100 or 200 miles away than it is to log onto your computer.
Another legend of online gambling involves casinos letting new players win to get them hooked on the game. This isn’t the case, because of the reasons we discussed above. If you win the first time you play and keep playing until you lose, a person might think the rules were suddenly changed, when that simply isn’t the case.
Another common idea with online casinos is the idea that anyone who wins a big jackpot in a game is going to find it hard to cash out that money. This isn’t the case, unless some mitigating circumstances apply. Some rogue casinos exist, but most licensed casinos are not black hat operations. The process in online gambling take a few days, often between 5 and 10 business days, so people think the casino is taking its slow and easy time or giving them the run-around.
Results are random, because the software allows for randomly generated numbers. In fact, several thousand of these results are created per second. When you hit the spin button, the last result is what gets spit out. These results are simply number combinations which correspond to reel symbols, card configurations, or dice rolls. This creates proper results.
If you enjoy live blackjack in a land-based setting, you might have learned a few techniques involving card counting. The practice has no chance of success on the Internet, because the decks are (usually) reshuffled between each hand. See our page about blackjack myths.
One common thought is these are all offshore operations in the Caribbean or off the coast of Africa and they answer to no one. Legitimate casinos not only are licensed and regulated by governmental bodies. Industry watch groups like eCOGRA, which was founded by Microgaming, also hold operations to account. Also, most legit sites hire a third-party auditor to not only confirm whether their games are real, but also make sure the game software is secure. Several layers exist to make sure online casino operators stay honest, and they have great incentive to remain honest.
Many misconceptions about losing at an online casino exist. In fact, you might say the horror stories are offset by all the lies, systems, and superstitions about playing the game. Being paranoid is just as bad as being gullible, because both lead to a lot of fallacies. Get the facts and you’ll soon realize the best way for a casino to make money is to offer a fair game.