Sunday, January 4, 2009

Keep Online Casinos in Perspective

gambling statisticsEveryone knows that you can win big at the online casinos but for many it just seems like an urban legend – do people actually walk home winners or is the house edge just enough to make it so that you’ll never win big? Well, it’s a bit of both. The vast majority of gamblers will never ever hit the big jackpot and win more than a million dollars – mathematical probability just indicates it’s not very likely. But at the same time, the slot machines, progressives, and other games do eventually have to payout the jackpot to someone, so if luck is on your side, you may leave your favorite land and online casino a millionaire.

The problem though arises when gamblers falsely believe that they are gambling at the sites and may actually beat the house advantage in the long-run. This is simply untrue. The jackpots payout to only a small percentage of the gamblers actually putting money into the slot machines and the major jackpots only pay out to a miniscule percentage of the online casino gamblers gambling on the slots.

That means that while you may get small payouts along the way – that really just keeps you sitting at the machine, it actually does not mean that the slots game is primed and ready to payout. The land and online casinos are designed to bring in massive amounts of profit – and that is profit at the expense of the gamblers.

Gambling should be approached in the right manner to avoid the possibility of gambling addiction and other problem gambling habits. If you sit down at the online casinos and free slot machines always expecting that today is going to be your lucky day, without setting parameters for the money in your bankroll, you are just begging for a problem gambling habit.

Source: http://www.gamblecraft.com/news/2008Nov/perspective.htm