Slots are inevitably loved by many, but also condemned by some. Slots are the backbone of casinos, in some cases accounting for 80% of their revenue. Because of this, casinos are always trying to create new and innovative ways for casino slot games to appeal to gamblers looking for fun.
Given their importance to casinos, whether you want to play them or not. Take a look at the facts about slots that may interest even the most ardent slot haters.
1 – Slot machines have an interesting history
According to Wikipedia, the predecessor of slot machines was developed in Brooklyn in 1891. The machine used 50 of the 52 cards in a deck of cards and allowed players to try to trade a hand of cards for a game of quarters.
Although they quickly became popular, the early 1890s were not engineered to have a good way to standardize the payout for all possible winning combinations. So your winnings on this machine varied from bar to bar.
All this changed in 1895, when Charles Fey invented a three-drum machine with only five symbols. Mechanically, this combination of number of payouts was easier to standardize and the slot machine was born.
2 – The first video slots were developed in 1976
The first electronic slots were invented in 1963. But it was not until the grand year of 1976 that the first video slots were born on a 19-inch (48 cm) Sony Trinitron color receiver for the display and logic boards for all slot-machine functions. According to Wikipedia, the first video slots were installed at the Las Vegas Hilton Hotel and then gained a huge popularity that continues to this day.
Most of the slots operating in the United States are video slots. The calculators inside the machines are less susceptible to fraud, more reliable than mechanical components, and often cheaper to produce.
3 – Slot machines with $100
Usually slots will spin for a credit, but betting more credits will bring higher returns. The cheapest credit may be a penny and is actually quite common, especially in more established casinos. On the other hand, the cost of buying credits is unlimited.
There are even reports that some machines can cost as much as $100 per spin. This is a pretty high-risk situation that should be backed by significant funding.
4 – Slots are not cold and not hot
Some slots enthusiasts say they can detect when a slot machine is about to pay out big and when the machine is getting cold. Sadly, there is no such thing as a variety of slots, especially in the age of electronic slots. Everything inside the machine is controlled by computerized random number generators. Each time you play a game, it generates a complex series of numbers based on its own perfect algorithm. These numbers become whether you win or lose. Any winning streak or losing streak of the slots is just a draw of luck.
5 – Slots may return more than 90% of their money
Even though slot machines make up a large portion of casino revenue, they still pay out more than 90% of the revenue. This is good news for slots players.
As much fun as it is to play video games at casinos, it would be nice if those video games paid off. Of course, just because a slots pays 90%, it does not mean that it will pay you a lump sum or a one-time payment of this amount. A lot of money is paid out in small amounts or put into jackpots.
6 – Slots owe their popularity to the most unlikely of sources
Both Ronald Wilson Reagan and George Walker Bush raised taxes and forced businesses to find ways to increase revenue. While gambling like poker is absolutely illegal, video slots can be reclassified as a game rather than gambling. As the installation of video slots outside of casinos becomes acceptable, their popularity continues to grow.
7 – There’s such a thing as a slots expert
We found this to be an interesting career choice. Because playing slots still boils down to a small random number generator inside the machine. The generator determines whether you will win or not.
It’s nice to know that there are slot professionals out there who rate existing slot machines. They discuss the strategies of the machines that provide the strategic components, and discuss the odds of winning with us.
Slots are a lot more fun than most people think they are. The next time you pass a slots, even if they are definitely not your thing, remember that these machines are paying for the casino. In fact, they may be paying just enough to give someone a good success story.