What is a ‘Hot Streak’?
In gambling, a ‘hot streak’ is a period during which the player is winning a lot. It might also be referred to as a ‘lucky streak‘. Players can be ‘on a hot streak’, which means that most of their hands are winning and that they are coming up with a profit. In the short term, hot streaks can be extremely profitable for the player and if they walk away at the right time, they can see a massive return from the run of luck they have experienced.
The ‘Hot Streak’ explained
Gamblers and casino players often refer to their ‘hot streaks’ and ‘cold streaks’. These are periods during which the player is winning or losing often. A hot streak is a run of successive plays, most or all of which are wins. Often, it refers to a series of large wins. ‘Hot streaks’ can occur in just about any game, from the slot machines to the roulette table. They are less commonly referred to in poker, where there is a lot of skill involved as well as luck. ‘Hot streaks’ are seemingly random, and they usually only last for a short time.
While a gambler on a hot streak might be called lucky, in reality the odds are no different on each spin, and the chances of winning or losing remain the same. Over time, any casino game’s wins and losses will balance out – and with the house edge factored in, the player will likely make a loss. However, over short term play it is possible to experience a series of impressive wins all at once – giving the illusion of a ‘lucky’ player. Of course, hot streaks can end just as quickly as they begin, and they can also lead to a cold streak of as long or longer, so they should never be relied on.