Slot Machines – Is it possible to Win?

There are many theories and myths about the nature of slot machines and whether an individual can create a profit from them. With the growing awareness of gambling addiction, the slot machine is obtaining a bad name. The actual fact is that in January 2009 a report was published by the Ontario Problem Gambling Research Centre stating that problem gamblers comprise only 3.2% of the entire gambling population in Canada. In August 2010, Stats Canada released its discovering that the sum total Canadian gambling revenue was estimated at $13.75 billion in 2009. When one considers the sum total Canadian revenue from gambling, the 3.2% of problem gamblers is relatively small compared to the spending as a whole.

Slots have existed since 1891 where the most effective poker hand was rewarded with beer and cigars. The initial conception of this gambling phenomena was introduced in Brooklyn slot joker, New York by two men, Sittman and Pitt. Soon after in 1895 the infamous Charles Fey developed the very first commercial machine which became coined “The One Arm Bandit” ;.The understanding behind the coined phrase was because of the fact that Fey’s machine had three reels and five symbols with the largest jackpot paying out ten nickels. Fey’s creation provided for 1000 number combinations before a jackpot combination was struck. This obviously was difficult to achieve, thus players often lost a lot of money looking to get the combination. From the issue in actually obtaining a jackpot people called the machine a Bandit for stealing their money. Fey’s creation became so popular he could not keep up with public demand. By 1964 the very first fully electronic slot machine was created and called the Money Honey.

Slots have already been a favorite of many gamblers throughout history, although slot machines were also viewed as poor people man’s gamble in lots of bars across North America. Slot machines have risen in popularity because the creation of Microgaming and Random Number Generation Technology (RNG). RNG predicts another symbols to seem on the slot machine window, dictating the quantity of money to be won, rather than weights which can be added to any given reel in support of the casino, as opposed to the player. RNG has evened the playing field for the gamer to actually win money and spend less. The casino still reaps a profitable sum over time as new players put their money in and then leave to attend another machine.

Slot machines today are known to own payout percentages of 80 – 98% and are pre-programmed with Microgaming due to their payout rates. Casinos have the ability to change the payout rate of their machines; however most choose not to because of the complex task and large expense of having a chip replaced. Most slot machines with wagering amounts of a penny to a fraction have lower payout rates than one dollar and higher machines. It is noted that five dollar machines routinely have a payout rate of 98%.

Is it feasible to win at slot machines today with the governing combination being chip technology? Absolutely! One needs to comprehend the RNG technology and how it is employed in slot machines. Using simple tips and strategies, it is very possible to construct a slow but steady income stream from slot machines. A blunder that lots of slot players make is continuing to place large sums of money in to a slot with the hope of a sizable jackpot. If a player is using low risk betting strategies and understands RNG, the chances of building an amazing and consistent income stream is much more possible compared to one-off large jackpot.

So the next time you hit the land or online casinos, consider RNG and not going out for the large jackpot. Take your small wins and move to another machine to begin it throughout again. Wise money management is an essential factor in winning at the slots. If you enjoyed this informative article and would really like more comprehensive information regarding slot machine technology please feel free to make contact with me through email.

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