Have you ever walked out of a casino or hotel winning the jackpot? Majority of people, as much as they would like to say yes they have, have not. This is as the odds in gambling are always against you; the house always wins no matter what. Most people don’t realise or don’t want to admit that the statistical probabilities identify that, over time, you will lose money when gambling.
To give you an example of the probabilities of gambling and winning, let’s discuss pokie machines. Most of us can say that we have at least once in our lives have given them a go, just to see what happens, because you never know your luck and today could be the day that you win the jackpot. The problem is that the chances of you winning the jackpot on a pokie machine are less than 1 in 10,000,000. To put these statistics into perspective, you are more likely to be hit by lightning than to win the jackpot on a pokie machine.
The fact is that pokie machines have been programmed to have millions of possible combinations, however, majority are losing combinations. If you are lucky enough to hitting a winning combination, the win will more than likely be small; this is as most of the winning combinations pay small amounts. This is part of the programming of the machine, it is designed to keep the gambler entertained and continue to play, as they get the adrenaline rush associated with a win. The player begins to think that they could win big.
But if you think you can beat the pokies, think again. When you play – expect to lose; don’t expect to be walking away with pockets full of cash.
Pokies are programmed so that in the end the machine wins, not you
You cannot outsmart or tick a pokie machine, there just isn’t any way to do so
The pokie machine is always the winner, no matter what
The more you play, the more you will lose to the pokie machine
So, if the house or the machine always wins and we know it, then why do we play? Gambling is a form of entertainment and you should be prepared to lose what you walked in with, no matter what, as the odds are stacked against you and the house always wins. The longer you gamble, the more often you are going to lose than win. It is a fact and a part of the gambling industry.