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We’ve all received advice about gambling. Some advice is very helpful, while other advice should be ignored entirely. Listening to bad gambling advice is a recipe for disaster. Today, we go over 5 horrible pieces of advice about gambling you should avoid.
There is a common misconception that your best odds of winning at online pokies is by playing max credits. While this advice may have been true at one point for live pokies, it is not true for the majority of online pokies.
Online pokies rely on a random number generator to determine the outcome of spins. Changing your stakes or number of credits bet will not impact the RNG. Some games may require that you play max credits to qualify for jackpots, but this has nothing to do with the individual spin outcome.
There are various forms of betting systems that “smart gamblers” try to use when playing online casino games. For example, the Martingale system is a popular gambling system used in games like blackjack. These systems operate on the premise that a player is due to win. This is often viewed as a gambler’s fallacy.
The gambler’s fallacy is the mistaken belief that an event is more or less likely to occur based on past results. The reality is that everything is random ,and there is no way to accurately predict outcomes. If this were the case, then gambling systems would be banned. However, casinos realize you will lose money faster with a gambling system than without one.
While it is true that most games have a house edge that cannot be eliminated, you can reduce the effects of house edge by employing a strategy for your play. Various casino games like craps online allow you to employ strategies to reduce the overall house edge.
Reducing the house edge by .5 to 1 percent may not seem like much, but it adds up over time. Playing with a strategy will help increase your chances of winning, or at least help you lose money slower than those not using a strategy.
Sadly, there are some people that are out to get one over on the casino by any means necessary. This can range from trying to play with fake accounts to gambling in forbidden countries, or other unscrupulous acts.
Keep in mind that any activity that violates the terms of service for a casino gives them the right to ban you from the casino and keep your money. As such, you should always play honestly at the casino. You wouldn’t want the casino to scam you, so you should never scam the casino.
One reason that online casinos spread a lot of games with side bets is that they make the casino a lot of money. People see these high-paying side bets and try and gamble their way to a big win. On average, these side bets have a house edge of 10% or greater. Some have an edge as high as 30%.
The greater the reward on a side bet, the higher the risk. This means a high house edge. Much of the money in high-risk side bets will go to the casino while people drain their bankrolls chasing these bets. as a rule, we recommend avoiding most side bets. There is almost never a reason to play a side bet with a house edge above 5%. Save your money and play games with a lower house edge.