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.

Just Posted

Jamie Bacon pleads guilty to charge in Surrey Six case

The plea brings an end to a complex legal case that has spanned more than a decade

Surrey student makes hundreds of face masks, donates $2,700 to local hospitals

Tavisha Kochhar, Grade 9 student, started sewing masks two months ago

North Delta yoga studio’s Fridays at the Farm to benefit local animal sanctuary

The outdoor four-class series will benefit Perfect Pastures Animal Sanctuary in Ladner

Surrey officer-impersonation scam continues ‘almost daily’

Police reiterate warning that demands for Bitcoin in exchange for waived charges are fraudulent

South Surrey veteran honoured by South Korea as Ambassador for Peace

Medal presented to Donald McClellan an ‘expression of gratitude’ for service during Korean War

B.C. identifies 20 new COVID-19 cases, travellers specified in count

Pandemic total 3,028 cases, 51 people from outside Canada

Mayors welcome rideshare expansion to eastern Lower Mainland

As of Thursday, Lyft is now offering service throughout Metro Vancouver

Canadian policing organization calls for decriminalization of simple illicit drug possession

Canadian Association of Chiefs of Police want policing focus of opioid crisis to be replaced with a health one

Filing deadline in RCMP sexual-harassment class-action extended due to COVID-19

Plaintiffs now have until January 2021 to submit claims for up to $222,000

Hefty undeclared driver charges piling up, ICBC warns customers

Average extra penalty $2,971 after an at-fault accident

Survey, hotline launched amid probe into racist blood-alcohol guessing game at B.C. hospital

Mary Ellen Turpel-Lafond has been appointed to lead an investigation by Health Minister Adrian Dix

B.C. appeals judge’s decision to leave three clubhouses in Hells Angels hands

The province has filed two notices of appeal related to the B.C. Supreme Court decision

Conservation officers relocate Spirit bear known to roam northwestern B.C.

Bear roamed valley north of Terrace for many years

B.C. premier applauds call to decriminalize drug possession

Police shouldn’t struggle with health issues, Horgan says

Most Read