Tag Archive: house edge

With such massive odds againgst winning the lottery, it's a surprise that anyone plays. After all, you could simply be throwing good money after bad for a very long time. And though some might claim that purchasing many lottery tickets is the way to a guarenteed win, you'd need to buy millios of tickets to have any chance of winning. However, there are some other basic mathematical skills that can improve your possibilites, even if only ever so slightly.

It's important that we don't simply dismiss those who are clamouring for a complete ban on all forms of gambling out of hand. Looking at their arguments, it's hard not to see they have some very valid points, especially when it comes to gambling addiction. But all these need to be considered againgst the idea of personal freedom. This includes the choice to do things that might end up having negative consequences. Though the law should protect people, there must be limits on it's interferrence.

The idea that hen a slot machine has recently paid out, its to be avoided is entrenched in the thinking of many casino players. They feel that if the machine has paid out, then somehow it will not pay out again so quick. But these players have forgotten that the slots pay out at random. Meaning they could pay out at any time. It could be 1 minute after a previous payout, or conversely, it might be months. Yet these illogical ideas persists and you'll find many players thinking like this.

Because virtually all casino games revolve around the concept of luck, it's no surprise that many gamblers are superstitious. Instead of sticking to logic, their minds wonder off into wild ideas about how to beat the casino at its own game. But if we ignore the silliness, there are actually methods that will certainly improve your odds of winning. Though we have labelled them as secret ways to win at the casino, there's nothing secret about them, most of this advice is just common sense.

Such is the drive to win, pretty much all slot machine players have some fixed ideas about the game which are totally wrong. In many ways, these are nothing more than fantasies that act as an excuse because these players are constantly losing. They forget that the games are set up with a house edge. Instead, they concentrate all their efforts on claiming the casinos are somehow out to get them using underhand means, whilst ignoring the fact that the casino has a built-in advantage over them.