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.

Comments are closed

Just Posted

Two Nelson Police officers investigated for misconduct

The investigations were made public in an annual report

Morrison wins Kootenay-Columbia for Conservative Party

Unofficial results peg 28,495 votes for Morrison with 98 per cent of polls reporting Monday evening

Nelson plans for Clearwater Creek as additional water source

Existing Selous and Anderson Creek sources to be upgraded

Local artist supports Women’s Centre with exhibit

Matty Kakes has pieces available at Kootenay Coop

UPDATED: Supreme Court of Canada sends Lemon Creek class action back to B.C. court

Court action aims to compensate 2,500 people affected by the Lemon Creek fuel spill

Scheer says Canada more divided than ever, as NDP and Bloc hold cards close

While Liberals were shut out of two key prairie provinces, they took two-thirds of the seats in Ontario

Saanich Gulf-Islands’s Elizabeth May coy about leadership plans

The federal Green party leader talks possibility of running as MP without being leader

Estheticians can’t be forced to wax male genitals, B.C. tribunal rules

Langley transgender woman Jessica Yaniv was ordered to pay three salon owners $2,000 each

Two youth arrested in UBC carjacking at gunpoint, after being spotted in stolen Kia

‘A great deal of credit is due the alert person who called us,’ said North Vancouver Sgt. Peter DeVries

People’s Party of Canada’s anti-immigration views ‘didn’t resonate’ with voters: prof

Party was formed on anti-immigration, climate denying views in 2018

Windstorm knocks out power for 10,000 in north and central B.C.

Power slowly being restored, BC Hydro says

Investor alert: ‘Split games’ pyramid scheme circulating in B.C.

British Columbia Securities Commission issues warning about scheme selling virtual shares

Federal NDP may support B.C. with major projects, Carole James says

SkyTrain Surrey extension, Massey Tunnel need Ottawa’s help

‘Issue-by-issue parliament’: Expert says Liberals need to placate NDP to be effective

Scandals, social issues, racism defined 2019 federal election, SFU prof says

Most Read