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Distorted beliefs about luck, skills and gaming knowledge, and their impact on gambling behavior

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Recreational and problem gamblers alike hold some irrational beliefs about gambling. Erroneous gambling related beliefs (EGRBs) imply beliefs in luck and skills, and illusion of control as players develop various winning strategies based on broader beliefs about the nature of randomness. Gamblers’ distorted beliefs of luck and skills result in problem gambling. People think that luck will change, and they will win their lost money back. However, each gambling event is independent of the previous one, like each toss of the coin is completely independent of the previous tosses. So, the odds in your 8 th bet will no more be in your favour simply because you lose the earlier seven bets. Over time, the more you risk, the more you lose.

In the context of online gambling, best online casinos Canada offers a variety of games to gamblers that can be accessed from anywhere. These include video slots, jackpots, table and card games, and sportsbooks. There are noticeably more online games than land-based games. No restrictions on bet admission lead to bigger jackpots for all players.

Video slots

Video slots like Gonzo’s Quest, Starburst, and Thunderstruck are among the most popular ones. Low volatility video games award small but frequent wins, while high volatility video games give a single, chunky win.

Jackpots

Jackpots like Powerball, Buffalo and Bonanza can be progressive, pooled, fixed or local, and have the highest reward that a video slot can pay.

Table and card games

Table and card games like blackjack, roulette and baccarat are skill-based games, and are found in different variants including Pai Gow and Red Dog.

Live games

Live games like poker, blackjack and baccarat are streamed and played live in full HD.

Sportsbook betting

Sportsbook betting, like soccer, baseball and basketball offers a live betting feature, so players can make wagers as the game unfolds.

Specialty titles

Specialty titles like Bingo, Keno and Wheel of Fortune are distinct and general.

Other beliefs and myths about gambling

Gambling will eventually pay off

Gamblers have a persistent belief that the next bet will pay, despite repeatedly losing the next bet. There is a delusional belief in the gambler that a stroke of luck is only a wager away, that results in gambling addiction. The belief that gambling will eventually pay despite losing a considerable about of money reinforces belief in gambling, and is the driving factor behind compulsive gambling.

Irrational belief in a big win

Those who are not addicted to gambling, they are clear when enough is enough. They walk away from their losses and get on with life. However, this does not happen with a compulsive gambler. They keep coming back with the irrational belief of an eventual big win.

I’m lucky, I almost won, and will make it this time

If you almost won, that doesn’t mean you are due for a real win. Future gambling outcomes are in no way influenced by the previous ones.

Playing multiple games increases the chances of winning

You may win more often by playing two slot machines or poker games at once, but you will have to spend more also. And remember, the more you play, the more are your chances of losing.

Betting on the same number will increase my odds

The outcomes of most games of chances, particularly lotteries and slot machines, are completely random, and cannot be altered, no matter what you do. Betting the same number each time won’t help you more than betting different numbers. No matter how many times you have betted for the number or how many people have betted on a particular number, the odds remain the same each time.

Loss Disguised as a Win (LDW)

Slot machines are programmed to promote problematic play, and win for the house. They operate on a principle called Loss Disguised as a Win (LDW) wherein the player is given a win of credits with a spin, which is fewer than the original wager. These frequent wins keep the player engaged, despite a net loss.

Gambler’s Fallacy or “Monte Carlo Fallacy”

Many people suffer from the “Gambler’s Fallacy” or “Monte Carlo Fallacy”, which is an erroneous belief that if something has happened a lot of times in the past, it will happen less in the future, and vice-versa. The fact is that each event is independent of the earlier outcomes. The odds of a head after 10 successive head tosses on the 11th toss remain 50:50, it is not affected anyway by earlier 10 consecutive head tosses. The same goes with gambling. Odds and chances are mathematical probabilities, and are not controlled in any way by metaphysical powers or luck.

It’s my lucky day

Simply because you feel that it’s your lucky day, it’s not that you are going to win. Needing money, or hoping to win, has absolutely no influence on the outcome of a game of chance.

Signs of problem gambling

Gambling becomes a problem when you have trouble stopping. Warning signs of problem gambling are:

 Feeling guilty or worried about gambling
 Gambling to win back lost money
 Borrowing money, selling things, and committing criminal acts to obtain money for gambling
 Experiencing extreme highs from wins, and extreme lows from losses

Financial implications of problem gambling

Financial troubles associated with problem gambling include reduced disposable income, financial insecurity, job loss, and increased debt.

Signs of financial problems include:

 Overdue and unpaid bills
Increased spending on credit cards
 Repeatedly borrowing money from friends and family
 Secretive about money problems
 Receiving calls from collection agencies

Gambling is not for making money, seek help if required

Gambling addiction results in problems that extend well beyond financial losses, such as relationship issues, career-related consequences, and social isolation. If you can afford it and play only for recreational purposes, not for making money, gambling isn’t really a problem. Remember that gambling is not a way to make money. If you have become addicted to gambling, seek the help of professionals with recovery, simply don’t rely on your will power. Because if you could do it with will power, you would have stopped it on your own before your life was devastated.

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Sure-Fire Hacks to Streamline the Process of Writing a Thesis Paper

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Encountering the term “thesis paper” has conjured up thoughts of panic and dread among university students for innumerable decades. How much research will be required? What about citations? Does the tone of voice matter? What about the difficulty of the material itself? These are some of the many questions which will need to be addressed.

So, it’s not a great surprise that theses and term papers can become overwhelming on occasion. Are there any ways in which you can lessen the burden? This article will examine some unique tips and tricks so that you can keep your head above water during the process.

Giving Your Efforts a Touch of Physicality

The majority of Canadian universities have become fully integrated within the digital domain. This approach offers a number of conveniences, and many feel that the trend will continue to gain momentum. However, the ability to create a physical thesis is worth its weight in gold.

Online printing portals including BachelorPrint offer a host of dedicated solutions that can be accessed with the click of a button. We are not only referring to the physical production of documents in this sense. There is plenty of additional information associated with the writing process, details on how to proofread a document, and users can even access a smart plagiarism checker. Always leverage these opportunities whenever possible.

Examine Your Current Skill Set

We often take the ability to write for granted. Still, this trait will provide a host of benefits throughout our lives. The only possible issue is that your talents might not be up to par. After all, not everyone boasts the skills of a professional. This is why it could be a good idea to upload a rough draft into an online portal that will rate the quality of the material. These systems may also offer suggestions and tips that can be used to improve the existing text. Why work hard when you can instead work smart?

The Dangers of Procrastination

Some of us may hesitate to initiate the writing process, as we are fearful of the challenges that will naturally accompany the task at hand. This is a sure-fire way to make things more difficult than they have to be. Try to avoid falling into the trap of procrastination. If you put things off until the very last minute, you might become even more disheartened. As the expression goes, strike while the iron is hot.

Consider Collaboration

Writing an essay, thesis, or term paper does not necessarily have to represent a solitary process. It is often a good idea to collaborate with your peers; especially if they have something to actively contribute. Friends and colleagues can represent powerful sources of inspiration, and they can offer additional support when the going gets tough.

The bottom line is that there is no “secret” to writing a quality thesis paper, nor will one approach represent a universal solution. Adopting a flexible mindset, and leveraging the tools at your disposal, is nonetheless the first step towards ultimate success.

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5 things to keep in mind before playing at an online casino

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Playing at an online casino can look straightforward, but there are some things to consider before just
jumping on the first site you see. The online casino industry is huge, and in 2023, it was worth around
USD17 billion globally—with the number is set to rise year-on-year.

Players can get lucky by finding the right site on the first attempt, but often, the best practice is to take
some time to look around for the right platform that fits your needs. But why not just pick one at random and roll with it?

Players look for different experiences, and the same site isn’t going to suit everyone. Some may seek out
the highest payout online casinos, others could be more interested in social casinos, and the choice for
another player may simply be based on the VIP club rewards.

There are many considerations to make before playing at an online casino site, and here, we’ll explore
the five key things to keep in mind before doing so.

Licensing and regulation

The initial thing to consider is security, which means checking to see if a site is regulated by a reputable
authority. The ideal situation is to find a site that is licensed by a leading governing body to operate within your geographic location.

It’s not always easy to find a “local” casino that’s based in the state where you are. Hundreds of
thousands of players face this issue, which is why they instead look for offshore platforms that will give
them access.

This is OK, as long as the gambling license is from a reputable body like the Malta Gaming Authority or
the Curaçao Gaming Control Board because that still means that they are audited to ensure they meet
things like fair play conditions of the license.

But it’s easy to find just as many unlicensed casino platforms that don’t offer any kind of player protection. This is a complicated area, but one worth checking. A good source for reputable online casinos to play at is honest casino reviews, where the information is curated by experts.

Verification of account

It’s very quick and easy to set up an online gambling account—something that shouldn’t take more than a couple of minutes to do, in fact. Personal data is entered, a rudimentary check is done on those details, and your account is open.

In most cases, you can deposit straight away and start spinning the reels on the slot machines or visiting
live dealer tables. Everything is then typically fine until the point where you want to make your first
withdrawal. If the account hasn’t been verified, you could find yourself running into delays.

Verification of the account means supplying the operator with corroborating documents to match the
information used to open the account. This is commonly referred to as KYC (know your customer), where the operator performs what is essentially a security check on the details, which helps in the fight against fraud and money laundering.

In many instances, online casino platforms will give a certain amount of time to get the verification
completed before they suspend or close the account. This can feel like a frustrating extra step,
particularly as it can typically take up to 48 hours for verification to be completed, so it’s worth doing as
soon as you have opened the account to get it out of the way.

Is the right payment method available?

Online casinos accept many different payment methods, but that doesn’t mean every one of them
accepts all the options. There are platforms where the number is certainly a lot more limited, and not all
sites accept cryptocurrency, for example.

Pick the preferred payment method you want to use and base your search for a casino site on that. It’s
very unusual for any online casino to charge deposit fees, but they do appear a little more frequently for
withdrawals.

The amount of such a charge could be linked to the payment method that is used, and minimal
withdrawal amounts often vary between different payment options too. It’s just worth getting the overall picture ahead of time so that you can securely use your preferred payment option.

How can customer support be contacted?

While you may never need to call upon customer support, it is worth finding out about operating hours
and how they can be contacted. The most common method of support is through a live chat, but not all
online casinos have that available 24/7.

The presence of AI is firmly with us all now, and with some regional governments welcoming the growth of the technology, it’s only going to increase. Already, a lot of initial customer support contact at online casinos is with a chatbot.

The ideal situation is to have access to customer telephone support because that is a direct line to help,
but that’s not particularly common anymore. It’s worth putting a support email address into your address book for quick future reference, and after a live chat session has closed, download the transcript for your records if you are in a dispute or have a complaint.

There are also risks involved with gambling, which is something else that should be noted before playing at an online casino. Be prepared for the losses, because they will happen. To help customers play responsibly, there are features like deposit limits and bet limits that can be set up to help manage the financial risk of playing.

Variety of Games

The variety of games is another important aspect to consider before playing. Maybe one slot machine
immediately caught your eye, but beyond that, you find the rest of the options for the style of game that
you want are all too limited.

There are certainly enough online casino sites out there to ensure you do not need to be limited in terms
of game variety. This could filter out into other gaming options as well, like scratch cards, bingo, and
crash games.

Take some time to look around and explore, and if you can’t quite get the game coverage that you need,
there is nothing wrong with registering with more than one casino, as long as it’s financially viable.

In conclusion

At the end of the day, it is putting all the components together to end up at the best possible playing
platform for you. It’s about finding the balance, but certainly, the top consideration to make before playing is to select a licensed and regulated casino.

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