One of the more intriguing aspects of the gambling industry is the myths and rumours surrounding it. With chance and uncertainty being cornerstone features, people often resort to logical fallacies to explain what they do not understand. As it happens, gamblers are a superstitious bunch, especially those who lack the knowledge as to how the games function. Due to this, several myths have been perpetuated and are now considered to be established truths among the gambling community.
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As you can imagine, the spreading of false information does everyone a disservice and it can potentially ruin an otherwise great experience for some people. Slots are the most popular casino genre and the amount of myths surrounding this game type is proportional to its popularity. While some of these are relatively harmless and are more akin to conspiracy theories, others might put you at a disadvantage and have a negative effect on your gambling experience. To help combat this, we have prepared a list of the most common slots misconceptions which you should avoid like the plague.
Myths in Slots Gambling
As we have mentioned above, the world of slots is rife with myths and misconceptions, probably more so than any other casino game genre. Their inherent randomness is the primary factor and it has contributed much to the spreading of rumours. The misconceptions come in varying forms and deal with different aspects of the slots experience. However, the one thing that they all have in common is that they are false. Below, you will find the ones that we deemed the most harmful and the explanations as to why they are false.
Cold and Hot Slots Fallacy
This is arguably the most common fallacy in the world of slots, applied to both online and physical games. The idea is that certain games will offer higher payouts at certain times because they are ‘hot’ and will cease to do so once they have gone ‘cold’. This fallacy implies that there is a tendency for a slot to payout more which can be followed and exploited by players. This is wrong for several reasons. First off, casino games are not built with ‘memory’ in mind and the previous spins do not have an effect on future ones. Furthermore, the Random Number Generation systems are designed to provide truly random results on each individual spin.
With this in mind, we can easily dismantle this myth. While there may be a series of highly profitable spins during your gaming session, this not due to the game becoming ‘hot’. It is the product of pure chance and you were lucky enough to score a significant win. Games are not programmed to burst out money in the short term and if they were, chances are that this would be illegal under most jurisdictions’ gambling regulations. You should not expect a game to provide you with a payout based on the fact that you have not scored any wins in a long time. It is all about luck and sometimes it may fail you.
Time of Day Matters
This fallacy is more commonly observed in land-based casinos, though one does not need a huge leap in logic to apply it to online gambling websites as well. Basically, this myth states that slots and other games will pay more during certain times of the day when compared to others. The idea behind this is that casinos try to entice players with larger winning probabilities during non-busy times. This notion is doubtlessly absurd and there is no evidence to suggest that this is the case.
If casinos were able to change the probabilities of winning or the payout ratios of their games, then those same games would not be random anymore. This is considered tampering and is in all serious jurisdictions illegal. Not only that, no knowledgeable gamblers would play machines that have been modified from their factory settings.
Slots are Rigged Against the Players
The house always wins, right? It is a common misconception that the casino has rigged their games to make sure that players always lose their bankroll to the house. This is not true for a variety of reasons. To begin with, people would not play at casinos at all if there was not some chance to win something. After all, no one likes to wager their money for no return. The reality of the situation is that some players will win and some will lose, entirely depending on their luck in the situation. The casino has not rigged the games so that you lose every other spin. This is, as we have mentioned numerous times at this point in the article, completely illegal and no regulatory institution would stand for it.
While gambling establishments do not clean out players in the short term, they certainly make a profit in the long haul. This is where the Payback Percentage comes into effect. By this, we are referring to the money paid out as winnings as opposed to the money that is put into the game by players. The Payback Percentage – also known as RTP – is lower than the total turnover and the difference is kept by the casino as profit.
Slots are Rigged Against the Players Additional TipsFor example, if a game only pays out 95% of the money it receives as bets, the other 5% is the house’s profit. This is due to the fact that the payout ratio for a winning bet is lower than the odds of you scoring that bet. (For more information read our guides on the Payback Percentage and the Casino Advantage in slots.) This is the only logic that could be used to interpret the saying that casinos rig their games, but this is also common knowledge and it is expected. Moreover, you agree to play on terms when you put money in the game. Therefore, we can safely say that casinos do not modify their games so that players lose.
Sticking to a particular game will increase your odds of winning
Another popular fallacy in the world of slots gambling, this is one side of the Gambler’s Fallacy phenomenon often observed by bettors. The idea behind this is that if you play for long enough the odds of you winning a significant sum will increase. The other side of this fallacy is that if you score a large win, then you are unlikely to score another of the same magnitude. There is the presumption of the maturity of chances, which in itself is false. In a random process, the outcomes to each situation are random, the product of chance. Each spin is completely independent of the previous and has no effect on the next one. If anything, your chances of scoring a win or a loss are the same on every spin and only your luck will determine the outcome.
This myth ties in with the ‘hot and cold’ slots fallacy that we described above. Similarly, if some gamblers do not experience a worthwhile win during their gaming session, they may assume that the machine had made a large payout shortly prior to them starting the game. All such assumptions are wrong and you should keep them out of your mind.
With a proper RNG system, there is no possibility of this happening as described. All spins come with the same probability of winning and there is always the possibility that you will have two large wins in a row or none throughout your session, as well as, everything in between. In a game of chance, never make assumptions about the likelihood of an outcome based on previous outcomes.
Certain Days are Better Than Others
There are those who profess that gambling is more profitable on certain days than on others. While it is true that you will have more success on some days, this is for completely different reasons. The implication of the myth is that the house makes it so that slots pay out more on predetermined days and this could not be further from the truth. The house has no influence on how often or on which days or hours a slot game will pay out. There is a general idea of how much money they will make in the long run, but never over the course of a few hundred spins. If you are going to a casino with the presupposition that you will make huge wins because that day the machines are set to payout, odds are you will leave disappointed.
Location of the Slots
This myth only applies to land-based casinos as physical limitations on the gaming hall is an actual factor. Believers of this myth are under the impression that certain games positioned at specific locations are set to pay out more frequently than games in other places. According to the myth, these tampered machines are placed strategically near the entrances so that people who enter or are about the leave the casino are tempted by the large wins to sit down at a nearby machine.
Of course, you should not be surprised at this point when we say that this is also absurd. As we have covered many times already in this article, tampering of any kind is illegal and if this were true, then regulators would have a field day in handing out fines and removing the machines.
Pulling Down on the Lever Hard Produces Better Results
Of all the myths we have featured on this list, this one might the worst one yet. There are those who, for whatever reason, hold the belief that pulling down hard on the lever will produce a better outcome than if they were to pull it down gently. Another variation of this myth involves pulling down the lever in favor of pressing the spin button for a better result.
Whereas some of the previous entries on this list could be construed as semi-legitimate, provided some large leaps in logic, this is completely nonsensical and utterly groundless. The levers of slot machines are a relic of days gone by. They were once essential for you to play slots, back in the time of the mechanical fruit machines, but modern slots have done away with any mechanical elements altogether. Everything nowadays is made with computer software, essentially playing slots is no different than playing video games. The lever is kept in an attempt to capture the feel of the older games for the sake of nostalgia, not for any practical reason. Essentially, the lever is one giant ‘Spin’ button, seeing as how it serves the exact same purpose. Pulling it down hard can only result in you breaking it and possibly having to cover the cost of the damages, which is considered a loss in our books.
Using a club card will affect the payout ratio of a slot
There are those who subscribe to the theory that slot games are affected by your usage of a club card. Some say that this increases your odds of winning, while others proclaim the opposite. In both cases, however, there is no truth to these statements. Machines are programmed to feature set odds, regardless of a club card being inserted or not. This has no influence on the gameplay, the odds or the payout ratio. However, if you willingly choose not to insert a club card, then you are likely missing out on the opportunity to acquire comp points and other rewards offered by the casino.
Other gamblers are worried that the usage of a club card might cause the casino to report their winnings to the tax institutions. Unlike the statement above, this is not unfounded. However, it is not via the usage of a club card that the casino reports your winnings. Whenever you score a significant sum, odds are that the house will take you back to fill out paperwork and you will only be able to cash in your money if you fill out the respective forms. Additionally, if you consistently use your club card, there may be the possibility to prove losses by gambling and to pay less tax on any large winnings. Furthermore, you should always keep a clean slate with the taxman. It is only good sense to do so.
These are only some of the myths currently being spread in the gambling community. As you have seen for yourself, they are without merit and they only serve to misinform prospective gamblers. Not only do they not contribute anything, but some of them can actually be harmful in some cases. As such, we recommend that you stay far away from these and only take into account proven and reliable information. On our website, we have detailed guides about slots and other casino games that will help you in getting into the gambling industry. We rely entirely on facts and logic, allowing you to have a worthwhile experience, and do away with any superstitions. In fact, reading our guides will also allow you to recognize similar myths and help you make informed decisions about your gaming sessions. We cover anything from the basic rules to advanced strategies and aspects of the most popular game genres.