5 Myths Worth Busting to Help Keep Gambling Fun

BCLC looks at common misconceptions about games and gambling

We’ve all heard the chatter – a slot machine is due for a big payout, or maybe that the longer you play, the better your chances of winning. Truth is, both are examples of commonly held myths around gambling. When BCLC recently looked at gambling myths and misconceptions in the province, five topped the list for many British Columbians:

Myth 1. Some slots are ‘hot’ and ‘due’ for a big jackpot.

Truth is, a slot machine is just as likely to have back-to-back wins and big payouts as it is to have a losing streak. Here’s why: On average, B.C. slots pay out 92% of all money wagered, but that’s based on the life of a machine, NOT a single playing session. Because each machine has a random number generator, over the millions of spins made during the machine’s lifespan, the Law of Probability means many players will win, but many more will lose.

Myth 2. A slot’s 85% payout means I’ll get back $85 of every $100 I spend.

Just like a slot machine’s payout rate is calculated over the course of its lifetime, so is the amount returned to gamblers. So if a slot pays 85% of the money wagered on it, those winnings will be returned to players over the full course of its lifetime, not during a single session or evening. And, because its random number generator ensures random results, no one can predict when that big jackpot might happen.

Myth 3. Casino staff can change the games’ outcomes.

We’ve all heard the one about staff who tweak the payout on a machine, but that simply can’t happen. Every slot machine has a computer chip that determines the payback percentage. These are preset at the factory, which not only ensures that every play on a slot machine has a completely random outcome, but also that winning can’t be predicted or controlled by casino staff.

Myth 4. My chances of winning the lottery are better if I choose my own numbers.

People choose lottery numbers for LOTS of reasons, from family birthdays to lucky favourites, and many believe that playing those same numbers boosts their chance of winning over those who prefer random picks. Not so. Because the outcome of most games of chance, particularly lotteries and slot machines, is completely random, you can’t influence it. Every number combination has the same chance of being picked – winning numbers are random and independent from previous draws. For lotteries, this means that betting the same numbers every time won’t help you win any more than betting different numbers will. And in the case of Lotto 6/49, you have approximately a 1 in 14 million chance of winning the jackpot, regardless of how many people have purchased tickets or what numbers you play!

Myth 5. If I play longer, I’m more likely to win.

If I haven’t won yet, I can’t stop now – I’m due, right? Slot machines, lotteries, roulette wheels… each time you place a bet on a game of chance, the outcome is completely independent of your previous bet, meaning the odds are no more in your favour on your 10th bet than on your first. Remember, the house always has the advantage, and the longer you play, the more likely it is that you’ll end up losing.

***

BCLC’s GameSense provides the information you need to make healthy decisions about gambling, from slot machines and table games to the lottery and sports betting. To learn more about how to keep gaming fun, visit: gamesense.com.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

LETTER: Teck was a threat to the environment

Stan Hutchison compared the tarsands mine to the advent of the computer industry

GoFundMe campaign raises close to $8,500 in two days for Pitt Meadows firefighter battling ALS

Rob Maclean, 51, was diagnosed with the degenerative disorder two weeks after his 51st birthday

Dead fish hauled to dump bothers environmentalist

Says Pitt Meadows pumps killing too many

UPDATE: Search ends for missing Maple Ridge boy

Daniel Gagnon, 12, has been missing since Feb. 23

Maple Ridge author shares four-year story of grief, hope

Nadine Sands tells how she found a new love while grieving the loss of her husband

Clothing, jewelry, purses: RCMP ask court about disposal of evidence in Robert Pickton case

Pickton was sentenced to life with no chance of parole for 25 years for the murders of six women

Ryan nets hat trick in return as Senators beat Canucks 5-2

Ottawa winger received assistance for admitted alcohol problem

Wet’suwet’en hereditary chiefs meet with provincial, federal ministers

Neither party speaking on the groundwork laid for tomorrow’s talks

Speaker ‘will not tolerate illegal activity’ on B.C. legislature grounds, says chief of staff

Chief of staff to the B.C. speaker Alan Mullen says situation with demonstrators appears ‘fluid’

MPs to examine privacy implications of facial-recognition technology used by RCMP

The MPs will look at how the technology affects the privacy, security and safety of children

Dates back to 2009: Calgary police lay charges in fraud involving semi-trucks

Three people from Calgary are facing charges that include fraud over $5,000

Aspiring entrepreneurs invited to pitch ideas at Dragons’ Den auditions

Abbotsford and Vancouver the only Lower Mainland try-out locations

Wet’suwet’en hereditary chiefs optimistic ahead of talks with feds, province

Discussions with provincial and federal governments expected to start later today

Most Read