Posts Tagged ‘slot machines payouts’

postheadericon All the History you ever wanted to know about the humble Slot Machine

It’s easy to take the modern iteration of the slot machine for granted. Particularly in the digital age of micro-computers and enormous technological innovation, we as casino patrons can tend to be underwhelmed by slot machine technology. We take for granted their bright lights and carefully themed front ends and how a random-number-generator (RNG) determines pay-out frequency and quantity with such ease and speed.

The first game which resembled today’s modern slot machines was actually invented as far back as 1899 by one Charles Fey, who called his invention the “Liberty Bell”. It featured a total of three reels and had five different symbols – hearts, diamonds, horseshoes, spades, and its eponymous the namesake, the Liberty Bell. The machine was the first to feature an automatic pay-out and had a jackpot of 50 cents!

In some of the early slot machines, as part of an aggressive marketing campaign by the Bell Fruit Gum Company, were introduced iconic cherry and melon symbols. The different fruits represented the different chewing gum flavours produced by the company. Interestingly, the BAR symbol, which still appears on many traditional slot reels today, was the Bell Fruit’s logo. It was an amusing and very interactive campaign, and many of these early slots actually dispensed gum as part of their prizes in order to get around local gambling laws.

Some sixty years on, Bally Manufacturing invented the first electric slot machine. It stood out as the first significant develop on the Liberty Bell design. The new slot was termed Money Honey, and featured new electrical components that allowed for multiple coin plays, thus conferring potentially higher jackpot amounts. Part the Money Honey’s appeal was the introduction of sounds and flashing lights, which multiplied the slot machine’s appeal. A slot was no longer a placid machine – it was a truly multisensory experience.

As the years went on and technological power progressed, there was an enormous increase in the popularity of the slots. There were now larger wagers to be made and, consequently, larger prizes. With the advent of accurate RNGs, slots could now be fully digitized. Mechanical machinations were now a thing of the past.

More improvements were introduced in the 1990s, most notably a feature that could allow multiple game features to be housed within a single machine. This was an especially powerful innovation. Even today, some of the more modern slot reels will feature a free roulette wheel spin within the slot game interface.

The latest advances in technology have rendered the traditional image of the slot machine obsolete. The popular image of a player pulling a lever and inserting coins has been replaced by push buttons and even, in some casino, fully interactive touch screens! Regular slot players in fact tend to bypass the coinage aspect completely and elect to preload their credit onto casino VIP cards that track and detail spend versus pay-out ratios, jackpot prizes and withdrawal deposits. The slot has met the digital world on, which is why Golden Riviera Casino features some of the most exciting reels available today.

All the History you ever wanted to know about the humble Slot Machine

postheadericon Those who hate slots have never won a jackpot!

“If you really want something in this life you have to work for it. Now quiet, they’re about to announce the lottery numbers.” (Homer Jay Simpson)

Whether we win or lose at slots, we always tend to return to chasing that elusive jackpot at the end of the reels rainbow, the proverbial pot of gold (or in this case, literally). Slots are accessible to almost anyone. One of the biggest wins in the history of the slot machine is said to been by a 25-year-old software engineer who was visiting Vegas because of the NCAA Basketball Tournament. He managed to win $39,713,982.25 on the Megabucks slot machine in The Excalibur Hotel and Casino in Las Vegas on 21 March 2003.

Anyone who says they don’t like slots has never won a jackpot. Many people argue that slot machines are the worst bet you can make. That’s not strictly true. It is Bingo, in fact, that has the most atrocious house odds (atrocious for that player, that is). But consider this: how badly would you perform at the craps table, for instance, if you had no idea what bets were the best to make? Those that enjoy the slots do so because they do not require too much in the way concentration and focus.

Digital slots work via a random number generator (or RNG). The first number that is generated will correlate to a position on the first of the three reels (or more depending on the machine you’re playing). The second will do the same on the second reel and so on and so forth. At that point, the computer in the slot machine will gauge the corresponding position of those numbers on the imaginary reels, displaying a visual result that is seen by the player. At the end of this process, computer will check to see whether the virtual spin was a winner.

Each and every slot machine is different in terms of payout and they all have their own unique payout percentage. The machine administrator decides in advance what that figure will be. It’s crucial to remember that the payout percentage is based on an average over the entire lifetime of the slot. Consequently, if a machine is a 95% payout slot machine it in no way means that the machine will pay out 95% of the amount that the player has put in. Instead it means that over the lifetime of the slot machine, it will pay out 95% of the amount that is put in the machine. Expectedly, this ensures a 5% profit on all deposits made in the machine. It may sound like a humble figure but it’s assuredly not. If you think how many hundreds of thousands of dollars pass through a single machine you’ll realize that casinos are making a killing. Nevertheless, if it’s your day to win, you can get yourself a jackpot that would make King Solomon blush. It’s at least worth a few spins.

Slot Jackpots – Do you want to win ?

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