Fact Versus Fiction: 5 Misconceptions Beginners Tend to Have About Online Gambling

Since entering the online sphere, gambling operators have suddenly found themselves being able to reach more people than ever before. While some have already taken them up on their offer, others are a bit more hesitant, often held back by various doubts, fears, and misconceptions. To address these concerns, we have composed a list of 5 common myths shared by those who are entering the world of online gambling for the very first time:

Myth 1: The odds are skewed against you

While certain online operators may resort to dubious practices, in general, the odds of winning are exactly the same as you’d expect when playing in a brick & mortar casino. That’s why it’s especially important to pick a casino with a flawless reputation and licensing from one of the main regulatory bodies. If it helps you ease into it, there is also the option of playing live casino where the results are determined by a physical roulette wheel or a deck of cards as opposed to a virtual random number generator, thus ensuring that no meddling is taking place.

Myth 2: You will run into legal trouble by gambling online

In what many would refer to as the first-world countries, this is untrue. In fact, UK is home to one of the biggest regulatory bodies around today. As you can see, it is not only legal through the government’s eyes, but the very same government licenses the most trustworthy casinos in order to protect the players’ best interests (and fill the government coffers with revenue generated from it).

Myth 3: Being on a winning or losing streak influences the odds

The reality is, everything that happens in a casino game should be treated as a separate event, as it is not influenced by what had transpired in the previous rounds. To better illustrate this, we’ll pick roulette, as it’s one of the best casino games for beginners due to its simplicity. Even if you’ve placed your bets on red 10 times and lost in every instance, the next time you place a bet on either black or red you’ll have the same chances of winning (so about 50-50 if we discount the zero).

Myth 4: Beginners stand the same chances of winning as the experts

Well, yes and no. Yes in the sense that they are both subject to the same odds of winning and no in the sense that beginners tend to lack the statistical knowledge necessary to make favorable bets. Although winning does depend on your lucky stars, an expert will always choose to make bets that are statistically optimal. Indeed, skill is an important factor to your success, even in a game of chance.

Myth 5: It’s a good idea to increase your bet size to cover the losses

When you’re on a losing streak, you might give into temptation to increase your bet size in hopes of recouping the losses. This is even more true if you’re using the martingale betting system or one of its variations. The problem is, these systems are not perfect – get unlucky one too many times and you’ll end up blowing your entire bankroll. It’s much better to get acquainted with solid bankroll management principles and prolong the experience while staying on the safe side.

Conclusion

Once you get over the initial hump, online gambling can be a journey that takes you to new heights while teaching you a thing or two about statistics, probability, and how to manage your funds. Now that society has grown to accept it, what’s keeping you back from giving it a shot?

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