Casino Gambling Guide

Psychology of Gambling

On this page we will discuss a couple of gamblers fallacies or gambling errors. These gambling errors are made by a lot of gamblers, from beginners to pros. You don't need to be ashamed if you make them, because they are caused by psychological behavior that is common to all human beings. After reading this page you will be able to recognize these gambling fallacies and maybe avoid them in the future.

Winnings are "the casino's money"

Many gamblers that are ahead justify large, crazy bets because they feel it's the casino's money. Well it's not. You could cash out if you wished, and any money you win is in fact yours. While this may seem obvious now, remember this the next time you're ahead, and treat any bet as if you make it with your own money.

Chasing losses

Some people think they are destined to win, and that losing is for suckers. We're sorry to disappoint you, but in a game of chance, everybody has the same chance of winning or losing. So if you're losing, you can't expect that you will win back your losses by just gambling longer. At some point take your losses and come back at a later time.

Illusion of control

Everybody is superstitious to some extent. But don't think the color of your underwear or "lucky" dices will have any effect whatsoever on the outcome of your play. You can't control the outcome in a game of chance.

Seeing patterns

We see patterns all the time, and it's a very useful ability in everyday life. However, in gambling it's not. There are no patterns in gambling, just random events of chance. If you get six reds when playing roulette, the next spin will *not* more likely result in a black. The chances of either red or black, after six consecutive reds, are still the same.

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