Casinos are filled with myths and fallacies. Rumor and personal theories are often passed off as fact. Here are five of the biggest myths in the casino.
1. Card counting is cheating or illegal
- This one irritates me more than any other. I guess it bothers me because the propaganda put forth by casinos has worked. They have lumped card counters with cheaters purposely for years in an attempt to get the general public to believe that counting cards is doing something wrong. Counting cards is simply using your mind in a game of skill. It isn’t cheating or illegal and has been held up by the courts time and again.
There is a joke that is commonly passed around on Twitter, “Card counting is like masturbating on an airplane, it’s not illegal just frowned upon.”
- It comes from a very funny scene in the movie The Hangover. The truly humorous part is many quote this as a joke they thought of and others believe it as fact. It is frowned upon by Casinos and their employees because they know counting cards works. Of course they frown upon it and do what they can to deter it, but their view is meaningless in my opinion. They want to take YOUR money not let you take THEIRS.
- I spend a great deal of time explaining the true facts regarding card counting in Gamblers Fight Back. I explain why even though it isn’t cheating or illegal they can throw you out in Las Vegas casinos.
2. Craps has the best odds in the casino
- Let me start by saying that Craps can be one of the better plays in the casino if you make the correct bets. However, Craps cannot be played with an advantage. If you bet the Don’t Pass Line and take full odds, you can reduce the house edge below 1% but you cannot put the odds in your favor. There are other games where the odds can be put in the favor of the player over the casino.
3. The Gambler’s Fallacy
- This fallacy is actually quite simple. If I flip a coin ten times in a row and every time it comes up heads, what are the odds it will be heads on the next flip?
- In this context most people will usually get the right answer and say 50%. However, when it comes to the casino things change.
- If we now apply the fallacy to Roulette and ask people if black came up 10 times in a row on Roulette would you be more inclined to bet on red? Most would say, “Yes.” They would reason that red would have to eventually come up. That is true, but it is no more likely to come up after 10 straight black rolls or 10 straight red rolls the odds remain the same.
- Baccarat is another game where the Gambler’s Fallacy is in full effect. Players will use paper and pencil and chart results, but the future result is not affected by the previous results. In both Roulette and Baccarat the previous outcomes are meaningless in relation to future results.
- There is one game where the previous hands do have an impact on future results and this is the reason this game can be beat. Do you know what game that is? I gave you a hint by saying “hands.”
4. Slot Machines are “fixed”
- The answer to whether or not slot machines are fixed really depends on your interpretation of the word “fixed.” Yes, slots are programmed to keep more money than they pay back in winnings. For some, that’s enough to say slots are fixed.
- However, when most people claim in disgust that slots are fixed they are referring to the fact that the casinos have rigged the machines so they personally cannot win. In other words, they believe the casino has flipped a switch on their machine to prevent them from winning. Some will even remove their Player’s Card because they feel the casino is tracking them and will not allow them to win. This is not true. All Class III Vegas-style slot machines are completely random on every spin and the casino cannot control what will happen on any individual spin. On every spin the player has the opportunity of hitting the jackpot.
- There are too many slot myths to cover in this post. I cover many of the myths in both my books Gamblers Fight Back and my best-selling slot machine book.
5. You can’t beat the house
- There are some that believe it is impossible to beat the casino, and there are others who believe there is a secret system out there that will help them win millions at the casino. As usual the truth is in the middle. “Yes,” it is possible to beat the casino, but “No” there aren’t any get-rich-quick “systems” that will help you become a millionaire over-night.
Gamblers Fight Back
My story about walking out of my “normal” job selling insurance and into a world of professional gambling has been published and released nationally. It is now available at Amazon, Barnes & Noble, Tate Publishing, Books A Million, EBay, IndieBound.
I will be conducting public appearances and book signings for the next several months. You can check my Amazon Author Page for an updated list of those events. They will be posted as they are confirmed.