Slot Machine Basics

Posted on September 15, 2017 in Uncategorized

The first slot machine came into being in 1895. Since then, they have witnessed not much of evolution. While early slot machines contained three spinning wheels with a symbol, one of them being the jackpot figure, in modern machines the number of reels has been increased to five. The symbols vary from diamonds, spades, clubs, hearts to fruits. Similarly, while the earlier slot machines had only one row, the present ones have two to three horizontal rows, but only one acts as the pay off. Again, classical model had only one pay line, but today the machine can have as many as fifteen pay lines. The player can decide which one he chooses.

Almost all the slot machines are relatively similar. The one characteristic they differ on is the denomination. Some machines accept a quarter, while others can have five dollars as the acceptable denomination, depending on the intensity of the gambler.

An added attraction some machines today is the ‘double or nothing option’. This slot provides the winner with an option to double his earnings or loose it all. The first lesson in winning is to know the machine well. The denomination the machine accepts, the degree of risk involved etc are a few key points that the gambler should be aware of. Reading the instructions on the machine carefully helps this cause.

Gambling is now a legalized affair. Efforts are being made to legalize slot machines outside the casinos as well. Slot machines can be commonly found in casinos, Indian Reservations, and race tracks. Personal ownership of the slot machine is strictly regulated. One has to be cautious depending on the State laws. A common clause in all state laws is that the machine should either be an antique or a vintage. A machine manufactured twenty five years ago is usually considered to be an antique. Antique slot machines can be found with dealers, at trade shows, at auctions- these being the common sources.

Playing a slot machine is a game of chance. It is a gamble. The outcome of the game is completely random or is it so? The randomness of a machine can be regulated by the casino, to some extent, through computer software known as random number generators. While some machines promise frequent pay offs other are difficult to play with. An accepted and obvious fact is that the slot machines favor the casino.

A good winning strategy can be to play for longer durations on a single machine. Though the initial losses are high, the winning amount more than compensates for it.
With gambling being legalized, more and more casinos are springing up. This has also created more job opportunities. On such job would be that of a slot attendant. This person handles customer complaints, resets the machine after every jackpot, repairs the machines and ensures compliance to safety rules. Though this job is quite stable it is low paid.

Slot machines are a good source of revenue for the sate. It is not only recreational activity but can also be regulated easily.

Slot Machine Gambling – Facts You May Want to Know

Posted on September 13, 2017 in Uncategorized

The slot machine was invented in 1887 by Charles Frey of San Fransisco. The name “slot machine” is used for American gaming machines. In Great Britain, these machines are called “fruit machines”. In Australia, the machines are known as “poker machines” or “pokies”.

The slots were used for many years as an activity to keep the wives of gamblers in Las Vegas busy. At the time, the machines only took coins, and usually not for very large denominations. Women stayed busy, usually not spending too much money, while their husbands played black jack, roulette, and the crap table.

At the time, most of this gambling was done in Las Vegas, Monaco, or small islands that allowed casino gambling. Slots gambling was not a big part of public life in most parts of the country except for Las Vegas. Most of the people with gambling problems were confined to the Las Vegas and surrounding areas and not many people really heard about gambling addiction and its’ true dangers.

In 1979, gambling was passed in New Jersey, and Atlantic City became the Las Vegas of the east coast. In the mid to late eighties, video style poker games were developed and addiction to slots were becoming a bit more pervasive.

o As of this article, there are casinos in all states except two. Most of these states have allowed just slot machine gambling and no access to table games.

o Statistics have shown that slots gambling is the most popular form of gambling and is responsible for approximately 70 percent of all casino revenue.

o Statistics from studies done in Canada have shown that 58-62 percent of slots revenues come from gambling addicts.

o 98 percent of all gambling addicts who live in South Dakota are addicted to slots.

o The military puts slots on their bases, and according to the New York Times, the government has taken in more than 120 million dollars in slot machine revenue.

o One study shows that there are 1.2 million slot machine addicts in the state of California.

o Great Britain allows fruit machine gambling for children. These children and adolescents are involved in crime, truancy, and drugs and alcohol.

o In Asia, casinos in Macau are responsible for a huge surge in slot machine gambling addiction. Vietnam and Singapore are planning to open casinos in 2009.

o Asians have a strong propensity toward gambling due to their history of not seeing gambling as being a bad thing, but a way to make money.

These are certainly very scary statistics, and it can only get worse as slot machine gambling addiction continues to permeate our society both in the U.S and the rest of the world.

The public is very ignorant about the inner workings of a slot machine. People are unaware of the true odds in an electronic gaming machine and they do not realize that the odds are truly stacked against them.

Many addicted slot machine gamblers also believe in certain myths regarding slot machines. Some of these debunked myths are as follows:

o Contrary to beliefs, slot machines do not stop on winning or losing stops with equal probability.

o Slot machines are not “due to pay” because the machine was cold for a while, and it should be ready soon to pay a jackpot.

o Every slot machine spin is random, and goes through a random number generator. There are much less random numbers for jackpots than more common hands. Therefore, winning a jackpot is highly, highly difficult.

o Contrary to myth, it does not matter if someone uses a players card or not. It does not effect the outcome of the game.

o Although some machines may have a 90 percent payout, it may be weeks before it actually pays a jackpot.

o Just because the person before you pumped a lot of money into the slot machine, it does not mean that “you” will hit the jackpot.

These are just some of the debunked myths about slot machine gambling, and there are many more. Slot machine gambling is not just a harmless past-time anymore. Addiction is a serious social problem, and the consequences of this type of addiction is still yet to be seen.

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A New Niche in Gambling – People Are Finding a Use For All of Their Pennies

Posted on September 11, 2017 in Uncategorized

When a recession happens or the economy is suffering in one way or another, people always tend to cut back on what they spend their money on and how much they spend. There are a few industries that often get overlooked however when there is a recession going on and casinos are often one of these businesses that get overlooked. When the economy is great and money is flowing, those who like to gamble will go to the casinos in hopes of walking away a big winner. In hard financial times though, spending money to win money is a commodity that people seem to cut back on. In this past recession however, several casinos are making changes in order to keep the customers coming in. One of the changes that is being implemented is casinos making good use of penny slots.

Before the recession hit, it seemed as though people were not as hesitant about feeding paper bills into the slot machines at casinos, but these days, penny slots are the machines that are seeing the most action. Penny slots have always been frequently visited in casinos by those who are just trying their first hand at gambling or by those who do not want to spend that much money, but still want to be able to have a good time. With people spending less money due to the recession however, even those who regularly visit the more expensive machines are now gravitating towards the penny slots.

In order to combat the increase in demand for penny slots, some casinos have even been replacing more expensive slot machines with penny slots. With less of a demand for machines that need paper money in order to play, it makes a lot of sense to increase the availability of machines that accept pennies. The casino industry has seen a drop off of business and by implementing a way for consumers to spend less, but still be able to afford to come to the casino, they hope to make up the difference.

Another way that casinos are trying to make it through the recession aside from penny slots is the use of buffets or other free food. The thought is that by offering free food, free entertainment and even reduced room rates, that more people will feel comfortable spending a little bit of money to receive several services.

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