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List of common gambling myths

Myth
The more you gamble, the more likely it is you will win.
Fact
Spending longer gambling does not have any impact on the outcome of the next event. You can increase your chances of winning in certain types of betting by understanding how the odds work and any relevant game strategies, but you cannot guarantee the outcome. Simply playing for longer will not increase the likelihood of winning.
Myth
If you keep playing long enough, you will eventually win all your money back.
Fact
The more you gamble, the more likely it is you will lose more money. Gambling should be an enjoyable leisure experience and form part of your overall recreational expenditure.
Myth
Knowing a game will increase your chance of winning.
Fact
You can increase your chances of winning in certain types of betting by understanding how the odds work and learning any relevant game strategies, but you cannot guarantee an outcome.

No matter how well you know a sport you cannot account for chance. After all we watch sports for the simple fact that no two games are the same, even when the same participants are playing in the same venue, so why should betting outcomes be any different?
Myth
When gambling, keeping track of previous results can help you figure out the next result.
Fact
You can use results to help you make a rational decision, but ultimately they will not determine the outcome. It also won't stop your bet losing - even when all of the form says that it is a dead cert.

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