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Gambling Myths and Facts

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How often do you use phrases such as “I bet…”, “It’s a sure thing”, “I hit the jackpot”, and “It’s a crapshoot!”? How often do you see the offers like “2022 bonus codes”, “play for free”, “get a generous welcome bonus”, etc.? 

These common sayings prove that gambling has become an integral part of our lives. It has been around for a long time. Quite a long time to confuse even the most experienced players. So, sometimes it may be challenging to disentangle fact from myth.

There are hundreds of myths surrounding gambling, and today we want to expose some of them.

The first popular myth that makes people gamble away their money sounds like this “Gambling is a way to make money”. Gambling is only a form of entertainment and should be treated as a way to relax and have fun, no more than that.

Gambling is like a dinner with friends or a movie ticket. You have to pay for it.

If you take it seriously, like a way to earn, you may fail.

The next myth we want to dispel sounds like this: “Specific strategies and tactics will help you win”. It is far from the truth as slots and table games are “games of chance”. It means that you leave the outcome up to chance.

If you play slot games, you should understand that all pokie machines are subject to an RNG (Random Number Generator). It is a complex mathematical formula based on which the game picks out random symbols that may land on a specific payline. Depending on the symbols triggered, you either win or lose.

It means you can’t predict the outcome no matter how hard you try.

Some gamblers believe the longer they gamble, the more chances to win they have. It is false. Each spin does not increase or decrease your winning chances — they remain the same.

Sometimes time may play against you. According to the rules of mathematical probability, the more you play, the less likely you are to win.

Some people believe if they are good video players, they will be good at online gambling. It is a myth. Video games require specific skills. The more you play, the better you become. Slot machines have other rules: they operate under an RNG that make the outcome completely random.

Another myth we want to expose goes like this: “If I know the rules of a game (it comes to table games), my winning chances will increase.” Knowing the rules may boost your winning chances, but may not. Simply put, the odds are often stacked against you. Besides, you can’t control the cards dealt.

Some myths are naive: “If I am lucky in life, I will be lucky when gambling”. Sometimes, you may hit jackpots one after another. But some days may not be so lucky. It does not mean you are “lucky” or “unlucky”. It means you play the games of chance where the result is uncertain till the end of the round.

One of the most dangerous myths relates to teenagers. People consider teens can’t develop a gambling addiction. However, approximately 4% of Aussie teenagers become compulsive gamblers who spend their parents’ money regularly. Statistics show that in a typical high class of 25, one student likely has a gambling addiction.

Why Do People Gamble?

People gamble for many reasons: to get the adrenaline rush, to raise some money, to escape from daily problems and worries, or socialize. Gambling becomes a problem once this entertainment gets out of hand. If you realize that you bet more than you can afford to lose, it is the reason to ask yourself: “Am I ok?” If the answer is no, you should ask for help.

There are some factors leading to gambling addiction:

  • a parent with compulsive gambling;
  • relationship/work problems;
  • chronic stress or mental problems;
  • your personality — being impulsive, competitive, easily bored;
  • being introduced to gambling at an early age.

You may have another factor that caused your gambling addiction. The best way to solve this problem is to see a specialist or talk to people with the same problem, especially if they have already overcome it.

How Can Gambling Affect Mental Health?

Problem gambling may lead to low self-esteem, stress, depression, or anxiety.

Problem gambling feels like any other addiction — drugs, alcohol, or nicotine. Gambling may affect some areas of our brain responsible for releasing dopamine (a “feel-good hormone”) that creates feelings of pleasure. When our bet pays off, the brain gives you an emotional reward. You become addicted to this feeling and, in turn, to gambling.

Once you become a compulsive gambler, other activities may no longer make you feel happy. A gambling addiction develops quickly, but you can change your brain chemistry. All you need is to talk to close people and a specialist. Sometimes you may go too far with gambling, and the right thing to do will be to sign up for a few sessions with a psychologist or therapist.