With the number of people partaking in gambling and online betting sites today, there are bound to be a large number of misconceptions going around. In this post, I’ll be discussing some of those and what I think about them!
A lot of betters seem to mix up logic with hopefulness. If a better seems to be quite unlucky they may feel that, eventually, their luck will change. Although it might sound negative, this is neither true nor false. Your luck is luck and at the end of the day, each bet you make has the same chance of winning or losing than all the previous ones if it’s a 50/50 bet.
Another misconception is that a lot of consumers seem to think that online betting is illegal or that gambling is illegal in general but this could not be further from the truth. The truth is that a few states have actually legalized online betting sites and most of the others don’t necessarily care too much about it. The chances of anybody getting prosecuted or arrested for betting on a game of roulette online or playing some poker are slim to none!
Another common myth going around is that the house will always win, or you can never beat them over a long period of time. This is simply untrue. There is actually solid mathematics behind a lot of gambling and betting that I won’t go into, but it proves that the house doesn’t always win. There is also a bit of luck involved in winning a lot and actually beating the house, but that’s a different phenomenon entirely!
And that concludes my blog post today. I hope you picked up some valuable information today and don’t always take everything you read on the internet to be fact (even this post!). Thanks for reading this blog post.