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If you're lured to go 'all out' simply because there is a convention in town - avoid doing this. If however you're still not entirely convinced that there is no truth for this myth: Test it out on your own.
For example, if you're playing a slot game with a payout of 95%, then the house edge is 5%. (The casino keeps 5% of every bet you make long term.) And if you're average bet is $3, then you're going to pay an average of 15 cents per spin to the house. (5% times $3.) Assuming you're making 500 spins per hour, that game costs you $75/hour to play, which may or may not be a reasonable price for you entertainment. That depends on your bankroll.
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And play now. If you like the games you can play them daily. From now on you can play according to your free time, gambling skills and gambling budget. At the end I wanna tell you all good luck. Free slots online are waiting for you right to to make you feel happy.
However, if sometime you think you know many things about slots you can go and try out your luck for real money. But the best for many casino players is to play free and have a lot of fun.