Here at Blackjack Apprenticeship, we are not fond of gambling.  Sound strange?  Well, it is true.  When done right, counting cards is much more of an investment then a gamble.  There are a lot of myths out there about gambling in casinos.  People try to believe that there are ways to beat the house by having certain methods and systems.  But you can’t.   Check these myths out taken from The Bay City Times.

TRUE OR FALSE?

1: You can make a lot of money by finding “loose” slot machines that pay out more.

A: FALSE. While it’s true that different slot machines pay out differently, they’re all programmed so that you’ll come out behind in the long run. Some machines (called “cherry dribblers” in the industry) give lots of small payouts to keep you feeding in the coins, while others rarely pay out except for extremely large (and rare) jackpots. Odds of hitting those big jackpots are often tens of millions to one.

2: You can beat the casino if you have the right betting system.

A: FALSE. While it is true that betting systems can change the pattern of wins and losses in the short term, there’s no way any betting system can change the odds of the game.3: If you know what games to play and how to play them, you can stack the odds in your favor.

A: FALSE. Some games have better odds than others, that’s true. It’s also true that knowing the rules can increase your chances and make the game more fun. But the odds in any game are stacked against you.

4: If a certain number or combination hasn’t come up recently, there’s a good chance that it will come up soon.

A: FALSE. Every roll of the dice, deal of the cards, and spin of the wheel is completely independent. So whether a certain combination has come up once or 1,000 times, it has no bearing on future play.

5: One bad blackjack player can ruin the whole table’s chances.

A: FALSE. One of the many myths about blackjack is that a bad player can disrupt the cards and cause everyone at the table to lose. The truth is, the cards are in random order. Which means that bad player at the end of the table is just as likely to help you as to hurt you.

6: Slot machines are constantly monitored by casino managers, who then determine when the machines pay out.

A: FALSE. Every slot machine is programmed to keep a certain percentage of the money deposited in it. It’s true that casino managers can change that percentage within a certain range. But the time and amount of any one payout is completely random.

This entry was posted on Tuesday, March 18th, 2008 at 4:00 pm and is filed under gambling. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.