There are so many myths and rumours about the effect gambling can have on you, we're here to dispel these myths and get to the truth!
Fact NOT Fiction!
Check out some of the most common Myths that we hear from young people - and what the actual TRUTH is...
1. At some point you will win!
At some point you may win. However the gambling industry stays in business because most people lose their money and only ever win back a fraction of what they have lost. You might get a decent win at some point but the odds are always stacked against you ever winning more than you will lose.
2. Young people don’t gamble!
Young people do gamble! It may not always be as obvious as adults visiting casinos or betting shops. The lottery is a form of gambling that the law allows 16 years old to purchase a ticket. Online gambling also makes it more accessible for young people to be tempted to gamble. In 2013 the National Centre for Social Research declared that 83,000 16 to 24 year olds in England and Scotland, most of them male, were classed as problem gamblers. Gamcare a national helpline for problem gamblers said it received about 3,000 calls for help from 18 to 24-year-olds in 2013-14. More recently in Knowsley Beacon Counselling Trust, who support problem gamblers set up and service dedicated to support young people who have experienced gambling problems, had referrals for support almost as soon as they opened the service.
3. Betting shops, slot machines and gaming tables are prepared to not pay out and work against players!
This is a very common myth. The fact is that no form of betting is predetermined to ensure that the person placing the bet loses. It’s always a random chance. The only sure way to not lose is not to place the bet in the first place.
4. The longer you play the more chance of winning!
This is not true. It is much more likely that you will lose more money in an attempt to make back your losses. Many problem gamblers who have addressed their problem will express how risky this is in losing more and more money and developing huge debt when trying to chase a big win. Remember the gambling industry relies on your continued betting to make money. Even lottery tickets albeit chance are designed to pay out less than they take in over a period of time. The phrase ‘the bookie always wins’ in many ways is actually a very real situation.
5. You just need to hit a winning streak!
Luck, good omens and gut feelings all count for nothing. A winning streak just dosen't exists. A win is always based on an independent and random chance that gamblers take and there is nothing that can maintain a series of wins. Most people who develop gambling problems report a ‘big win’ as the main reason that they began to spiral into more and more gambling problems believing that another win or winning streak would come along but didn’t.