Setting the Record Straight: 7 Gambling Myths Debunked

Do you believe that an itchy palm means good luck is coming your way? Are you among individuals who steer clear from gambling on Friday the 13th? If you answered yes to both questions, then you’re probably prone to having superstitions. 

Superstitions have been around since time immemorial. The world of gambling hasn’t been spared from a few false beliefs of its own. Unfortunately, some gamblers go as far as making gambling decisions based on them. But we’re here to debunk some of the most common gambling myths which we believe are baseless and unfounded. 

Hopefully this article will help you make better decisions when playing online and keep you out of trouble while you’re at it!

Gambling Always Makes You Rich

Firstly, it’s very true that some people became rich as a result of gambling. But the reality is that many don’t. Let’s face it: if it was a given that gambling made people rich, then almost everyone would participate, right?

Our advice? View gambling purely as a form of entertainment and having fun—nothing more. Don’t make the mistake of gambling in the hopes of becoming rich. Because before you know it, you’ll have gambled your life savings away. Rather play online within your gambling budget or try other alternatives too: trade in stocks or buy shares if you want more ways of accumulating that wealth you’re after.

Gambling Makes You Poor

On the flip side, some people believe that gambling will make you poor. Granted, excessive gambling might result in addiction. But not everyone who gambles ends up bankrupt. Believing that poverty is inevitable if you gamble is nothing more than a myth.

Just be sure to practise responsible gambling to avoid addiction problems. Set limits for yourself regarding both time and money. Don’t use all your free time gambling. Make time to enjoy other activities or hobbies with your family or friends. And finally, get help the moment that you feel yourself slipping into addiction.

You Can Win Your Money Back

Thinking that you can win your money back if you keep on playing is another common myth. Unfortunately, that couldn’t be further from the truth. 

To avoid becoming a victim of this myth, you must set limits as mentioned earlier. Also, never gamble with money that you had set aside for essentials such as rental payments, groceries or bills. You might also want to avoid linking your everyday credit card to online casinos. This can help you prevent credit card debt.

Photo by Andrea Piacquadio from Pexels

Betting Systems Will Make You Win

Some online gamblers strongly believe that betting systems such as card counting will make them win. This is because some gambling sites tell users that they have betting systems in place that can guarantee a win. Don’t believe that.

Always remember that hitting the jackpot has everything to do with luck and nothing to do with betting systems. Stay away from online gambling sites that advocate for such systems. Rather pick reputable and legal online casinos Canada & many other countries have to offer. 

Past Gambling Results Predict Future Outcomes

With any game of chance, you have a 50:50 chance of winning. It can really go either way. But many gamblers translate this to mean that simply because they lost the last game, they’ll win the next. It doesn’t work that way. The odds can go either way in the next game too. So, the sooner you realise that and take each game as it comes, the better.

Beginner’s Luck Helps You Win

Some new gamblers believe that their novice experience will work in their favour and help them hit the jackpot. That’s not true. As mentioned earlier, gambling is purely based on luck. 

Sure, new gamblers tend to put less pressure on themselves. This relaxed approach may increase their chances of winning but there’s really no evidence that suggests that beginner’s luck will always help. But if it keeps you positive, enjoy the moment!

Experience & Skills Help You Win

On the contrary, some gamblers believe that years of gambling experience and skills will help them secure a win. Again, that’s not true. You’ll only win if Lady Luck feels like throwing some luck your way—skilled gambler or not.

Final Words

It’s normal for people to fall into such traps of superstitious thinking. After all, we’re only human. But we’re here to tell you that you shouldn’t take these myths too seriously because they might ruin the game for you altogether. Rather, maintain a level head and have yourself some fun. Who knows? You might just win!

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