Gambling Myths that we often hear - page 11.

KTChampions

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Myth 12: Problem Gambling Can’t Be Treated
>> Fact: Any person with a gambling addiction is capable of full and lasting recovery with the right help and the willingness to accept that help.

It sounds like "any person with some effort can become Elon Musk." In theory this is true, but practice is very different from theory. As mindrust correctly noted, most gamblers do not admit their problem, which means they are not ready to be treated. And secondly, this is their way of life, so "cure" from gambling for them is tantamount to becoming a different person. How many people have you met who changed their lives so much and became a completely different person? Roll Eyes

mindrust

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Most of these are true but gambling addiction is indeed very hard to cure. Almost impossible. That’s because most gamblers don’t admit that they are sick in the first place. They simply don’t want to be cured because they think they are perfectly fine. To them, gambling is the only way to live the life.

You can’t really cure a person that don’t want to be cured.

The moment they get some money, they’ll gamble it all again.

Boristhecat

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Quote from: acroman08 on August 09, 2022, 01:14:11 PM

Quote from: Boristhecat on August 09, 2022, 01:00:04 PM

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Myth 7: There Are “Hot” and “Cold” Slot Machines
>> Fact: Slot machines are programmed to promote problematic play and win for the house.

This is not a myth, but a fact. The problem is that it's outdated. Now slot machines have more advanced algorithms, while earlier (maybe 15 years ago) they were much simpler and ordinary players, with a long observation of the slot machine, could understand when a big win was possible. If we take into account modern realities, then counting cards in Black Jack can be called a myth, since it does not work now.

a backed up study stating that this is a fact would be nice

With great pleasure I would give you links to documented cases of vulnerabilities in the algorithms of old slot machines, but Google search is completely clogged with casino SEO, so searching in this topic is completely impossible. Therefore, I propose to look at the article from the first message more carefully:

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Both the single-line slots (the traditional slots) and the more modern multi-line slots are programmed to give LDW “wins” in a specific payback percentage, but it is always less than 100% and certainly not above 100%, meaning that the house always wins. There are no “hot” slot machines, only “cold” ones.

The point is this. The slot machine is obliged to give part of the money back and this percentage is very high: 94-95% - therefore, if some slot machine "won" a lot of money from the player without a return, then soon it will give a win because it is obliged to do so. Such slots used to be called hot slots. Now the algorithms are more advanced, so watching the slot machine will not help you in any way to determine the "state" of its algorithm.

Rruchi man

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I think some of the former facts are now considered as myths because of change, take for instance considering this statement now said to be a myth,

Quote from: Renampun on August 09, 2022, 11:25:55 AM

Myth 10: Teens Don’t Gamble, Only Older People Gamble

we can all agree that formerly this statement could be said to be true as the economic situation of things were better and teens/younger people had no reason to be all out in search of ways to get money desperately, so you generally found more older persons majorly in the gambling houses.

Likewise considering that online gambling just became a thing which has giving access to people to gamble at their privacy from home without exposure to the public has made it possible for younger people to gamble without knowledge of the public, if gambling has still remained completely offline where people still need to visit gambling houses to place bets and gamble, I am certain that even teens that consider to try out gambling will be afraid and discouraged to do so considering that they know they are young and may be scolded if they are found in the gambling houses by the elderly.

darkangel11

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I'm sure many people do it because they heard this or that. You'd be amazed how misinformed people are about the world. Go watch some youtube street surveys and you'll see that some of them are completely clueless about the most basic things. Imagine that many teenage girls think you can't get pregnant during your first intercourse.
I heard some of the points you've given, especially the ones with good or bad slot machines. There are people who think they can martingale their way into fortune.

Cookdata

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I disagree with some of the points raised above.
Most casinos' primary goal is to generate money, not to make you addicted. In general, the human mind is created to desire money, and if you believe gambling is the quickest method to raise yourself from financial difficulties, you will become addicted to gambling at any cost.
Fact 3 also seems strange to my gambling understanding, your losses do not rely on how long you have been playing; some people lose most of the time, while others win more and lose a few.

bitzizzix

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Myth 12: Gambling Problems Cannot Be Treated.

There is an old saying in the world of addiction. Life will end in prison, rehab, or death unless the disease is caught.
It is not easy to cure a gambling addict and only an expert, family and close friends can cure him through a long process and time and with real intentions.

acroman08

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Quote from: Renampun on August 09, 2022, 11:25:55 AM

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Myth 7: There Are “Hot” and “Cold” Slot Machines
>> Fact: Slot machines are programmed to promote problematic play and win for the house.

not on slot machines but I used to hear this a lot on electronic bingo/E-bingo places where I used to gamble. I've seen gamblers wait for people to finish(it doesn't matter how long they have to wait) gambling on a specific E-bingo machine they believe that the matching is "hot" and would give out a jackpot at any moment.

Quote from: Boristhecat on August 09, 2022, 01:00:04 PM

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Myth 7: There Are “Hot” and “Cold” Slot Machines
>> Fact: Slot machines are programmed to promote problematic play and win for the house.

This is not a myth, but a fact. The problem is that it's outdated. Now slot machines have more advanced algorithms, while earlier (maybe 15 years ago) they were much simpler and ordinary players, with a long observation of the slot machine, could understand when a big win was possible. If we take into account modern realities, then counting cards in Black Jack can be called a myth, since it does not work now.

a backed up study stating that this is a fact would be nice

Boristhecat

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Quote

Myth 7: There Are “Hot” and “Cold” Slot Machines
>> Fact: Slot machines are programmed to promote problematic play and win for the house.

This is not a myth, but a fact. The problem is that it's outdated. Now slot machines have more advanced algorithms, while earlier (maybe 15 years ago) they were much simpler and ordinary players, with a long observation of the slot machine, could understand when a big win was possible. If we take into account modern realities, then counting cards in Black Jack can be called a myth, since it does not work now.

Kakmakr

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I want to tackle Myth 2: "Gambling Is a Way to Make Money"....

I gamble on both Brick n Mortar casinos and also on Online casinos and I do this with about 25 friends. I can tell you in all honesty that none of them have made loads of money by gambling. Yes, they win some small Jackpots now and again, but they go back and play ...and lose most of those profits.

There are some of them that reached high VIP levels and they get some FREE perks, that help them to continue gambling. Some use very little of their own money, because they get bonuses from the casinos. (but they still fork out most of the money from their own pocket) Roll Eyes

rhomelmabini

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Myth 1 isn't that broad if we take a look on it, that's more like all combined myths in there. If you get addicted, whatever it is on the mythical 12 of gambling will connect in this and will either likely make you bad and good if you hit that jackpot but the weighing scale always points on the bad side.

yahoo62278

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Depends on the game but 1 thing I was always told when playing no limit texas hold em was " play bad you lose". 100% a true statement in my opinion.

Can you make money regularly gambling? I wouldn't suggest trying. Just have fun and gamble amounts that you can afford to lose.

cabron

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Yes. The Myth 11: Feeling Lucky Means You’re Going to Win

When all are set which the coins I've got are already sent to my cold wallet yet few are still left on the exchange, I tried my luck on casinos thinking I could get luck with just one roll of a dice or lottery. Who knows. Rarely happen but whenever I get the extra lucky feeling I roll, I don't compare the pros and cons when I think I'm lucky.

NeuroticFish

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I'll add that many (newbies, kids) think that Martingale or similar strategies are a safe win. Of course, until they face a long enough losing streak... Does it count?

Renampun

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Myth 1: Gambling Isn’t Addictive
>> Fact: Gambling is designed to be addictive.

Myth 2: Gambling Is a Way to Make Money
>> Fact: The house always wins, especially when it comes to compulsive gamblers.

Myth 3: If You Keep Playing, You Will Eventually Win Your Money Back.
>> Fact: The longer someone remains in active gambling addiction, the greater the losses.

Myth 4: If You Can Afford It, Compulsive Gambling Isn’t Really a Problem.
>> Fact: Compulsive gambling is a symptom of underlying emotional and coping problems.

Myth 5: Compulsive Gamblers Play Every Day
>> Fact: Gambling addiction can be continuous or episodic.

Myth 6: Knowing a Game Well Increases Your Odds of Winning
>> Fact: Gambling games are designed to not have any aspect that will increase the odds of winning purely out of knowledge or skill.

Myth 7: There Are “Hot” and “Cold” Slot Machines
>> Fact: Slot machines are programmed to promote problematic play and win for the house.

Myth 8: Gambling Is Only a Financial Problem
>> Fact: Gambling addiction causes problems that extend well beyond financial losses.

Myth 9: All Gamblers Engage in Criminal Behavior
>> Fact: Gamblers who seek and accept help can recover before they have to resort to criminal activity to finance their gambling.

Myth 10: Teens Don’t Gamble, Only Older People Gamble
>> Fact: Gambling is a bigger problem among teens than it is in adults.

Myth 11: Feeling Lucky Means You’re Going to Win
>> Fact: Distorted beliefs about luck are a key mechanism in developing gambling addiction.

Myth 12: Problem Gambling Can’t Be Treated
>> Fact: Any person with a gambling addiction is capable of full and lasting recovery with the right help and the willingness to accept that help.

from....

because I read this and this topic, I am very curious about what actually influences many people to play gambling and an interesting fact is that people start gambling because of the words (myths) that are often said by their friends or family...

I agree with the research above (but the pros and cons are still there) because it was my first time playing gambling because of an invitation from my friend who said "gambling is a way to make money". now the days have passed and until now I still gamble but with controlled portions.

I'm a little curious, are there any mythical sentences above that make you all start gambling and can't stop gambling or even because the sentence above makes you a gambling addict or even stop gambling?

Topic: Gambling Myths that we often hear - page 11. (Read 1255 times)