The online casino world has experienced particularly impressive growth in recent years. It was these establishments that popularized online gambling among all segments of the population, which led to the fact that more and more casinos began to appear, immediately winning the love of players. So, last year’s novelty Cookie online Casino is already confidently on its feet, increasing its customer base every day.
However, most of them are still gambling, so why do players continue to gamble and place bets, not sure of winning?
What’s Special About Online Gambling
Of course, online games have substantial differences from board games or even the same casino games played in person. Many studies have been conducted on the subject and report the following:
- The notion of time is absolutely not the same online as in real life, which can be an advantage in the case of teleworking. Indeed, we are less likely to realize how much time we spend in front of the screens. Thus, online gamers spend more time playing.
- The player plays alone, although he can play on a network or even in live gaming areas, he remains alone in front of his computer or laptop screen. Thus, the social pressure is less strong, so players will tend to bet larger amounts.
- Money is sometimes not really represented in online games. In addition, deposits are made almost automatically, which pushes online players to spend more.
Moreover, some experts agree that the internet has become a world of its own. As a result, some individuals tend to engage in behaviors that they would never do in real life because they are “protected” by their screen.
Online Gamers Experience Specific Cognitive Biases
In addition to the specificity of playing online, players may also experience cognitive biases (altered ability to reason logically) specific to casino games. The following are the main ones:
This is what experts call the gambler’s fallacy. It is a bias that causes the bettor to believe that previous draws will influence subsequent draws. This is the belief that a series of losses on the slot machine will lead to a win as if the machine will eventually pay you back your losses.
Due to over-communication by casinos, for example, players have images of wins in their heads. So the player thinks that it will eventually happen to him too, that he will get all the winning numbers or that the ball will stop on the number on which he has placed all his savings. But the odds of winning the jackpot are still quite low.
This bias, which is often found in strategic games such as poker, means that players think they are smarter than their competitors. Based on this certainty, they will tend to bet larger sums since they are certain to win because of their so-called “superior abilities”.
Illusion of Control
Here is a common bias among most of us: the belief that we can, by our behavior, influence events as random as a draw for example. Indeed, gamblers tend to think that if they repeat patterns, say words, play at a certain time, etc., they will win.