General Online Gambling Terms

What is Gamblers Fallacy?

When explained very fancy, “gamblers fallacy” is the false belief that random events affect each other and that the outcome of a particular event is more likely to occur because of what happened before. So basically, if you are on a losing streak, you keep betting even more because you figure that at one point or another the streak has to stop and that you will win. This is incorrect because random events like the roll of a dice or the spin of the roulette wheel are not affected by something that has happened in the past. The odds are the same every time. So, if you have flipped a coin 19 times in row and every time it came up “Heads”, the odds will remain the exact same for the 20th toss. You are not more or less likely to toss “Heads” again.

What are multi-player games?

A multi player-game is a casino game that allows more than one player to participate simultaneously with other players. This is common in table games like Blackjack, Poker, Roulette, Craps and Bingo where you are playing along with or against other players. Some online casinos offer their players the chance to chat while playing these games as well. So, you could be playing Poker or Bingo with other players while also chatting to them at the same time.

What is Freeroll?

A Freeroll is simply a tournament that does not require an entry fee to play. These tournaments may award cash prizes or entries into other tournaments with cash prizes. Typically, freeroll tournaments have many players fighting for a very small prize pool. However, since you pay nothing to enter, you have nothing to lose and you can just enjoy yourself and sharpen your skills.

Posted in: