Debunking Myths About Online Casino Games
Over the years, online gambling has grown to become one of the largest businesses in the online sphere. But as the industry evolves, so do the casino games myths and far-fetched theories. Let’s uncover some of these myths.
Myth 1: Online Casino Games are Rigged
Online casinos have to adhere to the strict rules and regulations by their licensing boards, and they also undergo regular auditing by independent authorities to ensure that the games are fair. Thus, the idea that the casino games are rigged in favour of the casino is a hoax. More so, the last thing that a casino would want is bad press regarding the authenticity of their games, as this would ruin their business.
Myth 2: Card Counting is Easier Online
Unlike in land-based casinos, where is a physical deck, card counting is close to impossible at online casinos. This is so because a Random Number Generator determines the results, and there is no way you can predict the next card since it is drawn randomly. More so, a new deck of cards is used for every round, which makes card counting impossible.
Myth 3: Winning is Based on Luck
Although some casino games such as slots, roulette, and craps are 100% based on luck, the theory of winning and losing comes down to mathematics. Casinos have a slight advantage in all casino games, and as such, casinos, in the long run, will make more money than they pay players. However, there is a lot of variance in the short term, which makes it easy to increase your chances of winning using casino game strategies.
Myth 4: Payout Rates are Literal
It is easy to think that a casino with a 95% RTP means that you can’t lose more than 5% of your bankroll. However, as earlier discussed, RTP is achieved over the long term, and not every time you play. The RTP could be determined by 10,000 spins or more, and this makes it hard to determine the short term payouts.
Myth 5: Slots Can Become Hot or Cold
One of the common myths about slot machines is that if a slot does not payout for a while (goes cold), it is more likely to pay in the next spins. On the other hand, when a slot pays consistently (goes hot), it is more likely to not pay in the next spins. This perception is misleading since every spin’s result is determined by a random number generator, and where the reels land does not depend on what happened previously.