Losing At Gambling – When Losing Predominates Winning

Gambling is a game that involves a lot of luck. No one will be sure of the outcome of a gamble.

The fact that still remains is that in gamble, there always will be a loser. Many people are under the notion that a game isn’t a gamble if there are not any losers. This shows that when gambling is done by people, many people have to lose and some of them are indeed bound to win.

Nowadays, many people are hooking themselves up with gambling. Gambling is looked upon as an activity to let out their frustrations and they look upon it as a place in which they can relax themselves after a full day’s work. Many people, however, do not know that when they involve themselves in gambling, they will have to lose great things, later.

How will it feel like to lose in a gamble? Does the game indeed involve losing as a mandatory thing? Many questions like these are present; however, the answers are not available. This is because the probability that someone wins the game is very low and is unpredictable.

Some gambling facts and the characteristic losing of a gamble is as discussed:

1. If the amount of gambling done by people is more, it is sure that they will be the ones who will lose a lot more in the end.

2. Gambling is a process that involves loads of money. Hence, many people are under the notion that gambling is just a game about winning, nothing more. They fail to realise the fact that the probability of losing in a gamble is more than the probability of winning in it.

3. Some people have never won ion gambles.

The statistics indicate that among all those who gamble, very few people can win because the chance of winning is very low in it.

For instance, consider a pack of 52 cards containing four suits, each of thirteen cards. The probability that a person draws the card that can make them win is just 1/52 and the probability that the perfect card is there in the hand is 013, 653, 599, and 599.

Another very good example is the usage of dice. Each die has six sides and every 6th attempt a die is thrown, only one chance of getting the required number will be obtained. If three dice are used, then, the chance that the person will win is just 1/216.

Gambling is indeed a game that involves a lot of luck. Though people contend it, it actually uses skills of people and also, many people have to lose because of gambling.

Gambling Addiction Facts – The Real Gambling Addiction Facts Revealed!

Any game of chance can be entertaining and exciting. One becomes ensnared with gambling when you start raking in money. People are enticed into gambling because of the adrenaline that comes with the possibility of jeopardizing their money on these games of chance.

The feeling becomes so intense that you eventually succumb to gambling. What you need to realize that gambling addiction is extremely serious and you should know how to recognize if someone you know is addicted to gambling.

If someone who is close to you starts to behave erratically and strangely, it could be that he or she is into gambling. Your suspicions will be supported if that person starts to neglect his or her family in favor of gambling. This game of chance can lead to failed marriages and broken families and because of these a compulsive gambling go deeper into gambling to make up for the emptiness.

A compulsive gambler will always complain of lack of money or the loss of money, mounting bills left unpaid, extreme borrowing of cash from other people or even from his or her retirement plan, or burdened with debts. There are also others who overdraw from their credit cards.

A gambler will lose touch of reality and will fail to see reason on why he or she should kick the bad habit. A gambler must have the will to get out while he or she still can. Otherwise it will put his or her life at risk due to the addiction. It will result in failed relationships with family and friends. Your academic and professional will also be affected.

Because of the internet, gambling is more than ever accessible to everybody. So be careful if the person you are close to prefers to stay home all the time instead of going to work or to school. If the person is heavily engaged in gambling, reach out to that person and help him or her.

There are also gamblers who withdraw from society as a result of being apart from his/her family and friends. They keep mostly to themselves and often fidgety in crowds and gambling then become a scapegoat for them to get rid of the negative feelings.

Be vigilant and do not take your loved one or friends for granted. Reach out to that person and help him or help out from gambling dependence.

Gambling Myths Vs Gambling Facts – You Heard All the Myths, Now Here Are the Facts

So what are the gambling myths and gambling facts? A myth is defined as: A popular belief or tradition that has grown up around something or someone. A fact is defined as: A piece of information projected as having objective reality. In the gambling industry there are numerous myths perceived to be facts that range from where the hot slot machines are to tips while playing table games. Here are a few:

Slot Machines

Myth – “The loosest machines are placed at the entrances”.

Fact – All machines are pre-programed to hold a certain percentage of monies played over time to ensure a profit. This is known as the house edge, AKA casino advantage. The percentages may vary from 1 to 15% depending on jurisdiction, denomination, or type.

Myth – “The slots seem to be hitting less on the weekends when it’s crowded. That’s when they tighten them up to make more money”.

Fact – First of all it’s against the law to change the hold amount. Second, the only way to “tighten” up a machine s to contact a representative from the manufacturer to come and change the computer chip, and they would also need casino control board approval. This is time consuming and expensive.

Myth – “Slot attendants know where the hot ones are. Grease their palm and they’ll lead you to the right machines”.

Fact – No one knows which ones are about to hit. Some casinos advertise banks of machines with 98 or 99% paybacks but that’s over the long term. If any slot attendant knew which ones were due to hit, their relatives would probably be playing them.

Myth – “I’ve been playing this machine for a long time and losing. When I left, another player took my seat, and he hits a jackpot on the first spin! If I played just one more spin that jackpot would be mine”!

Fact – A computer chip in the machine called the Random Number Generator, generates thousands of combinations every second. Jackpots can happen even when the machine is not in play. It’s not likely that you would have won.

Blackjack

Myth – “The novice player on my right is making all the wrong moves. He just hit a 16 against a weak dealer 5. He busts by drawing a 10, which should have been mine. I would have won with my double down 11”.

Fact – It’s true that a bad player can affect the outcome of other players hands, but they can also make decisions that result in other players winning. it evens itself out over the long term.

Myth – “I just lost 5 hands in a row. I’m due to win so I’m going to bet up to recoup my losses”.

Fact – The result of your previous hands has no bearing on the results of future hands. If you keep betting up, your money might disappear sooner.

Craps

Myth – “It’s bad luck when a stick man sends the dice to a shooter with a seven showing”.

Fact – Stick persons do not do this intentionally. Sometimes a die will flip on the felt and a seven will show. Sometimes players pre-set the dice to the number they want to hit before tossing. This only holds up the game and aggravates others. Pre-setting the dice does not affect the outcome of the roll.

Myth – “A virgin shooter is good luck”.

Fact – No person or event can cause good or bad luck. First time shooters are often remembered when they win for other players at the table, bu quickly forgotten when they lose.

These are just a few of the gambling myths that have infiltrated the industry over time. Forget the myths and know the facts to maintain a positive and winning attitude. Good Luck!