Slot Machines – Is It Possible To Win?


There are many theories and myths about the nature of slot machines and whether a person can actually make a profit from them. With the growing awareness of gambling addiction, the slot machine is a bad name. The Ontario Problem Gambling Research Center stating that problem gamblers comprise a mere 3.2% of the entire gambling population in Canada. In August 2010, Stats Canada released its finding that the total Canadian gambling revenue was estimated at $ 13.75 billion in 2009. When one considers the gambling of total Canadian revenue, the 3.2% of problem gamblers are relatively small compared to the cost of a whole .

Slots have been around since 1891 where the best poker hand was rewarded with beer and cigars. The first conception of this gambling phenomenon was in Brooklyn link vào fun88, New York by two men, Sittman and Pitt. Shortly after 1895 the infamous Charles Fey developed the first commercial machine which became the coined “The One Arm Bandit”. The coined phrase behind The Understanding is that Fey’s machine had three reels and five symbols with the biggest jackpot out of ten nickels. Fey’s creation provided a 1000 jackpot combination before hitting. This is of course the hardest to achieve, and thus the players often lose a lot of money to get together. From getting in trouble to getting a jackpot the public has to steal their money for a bandit. Fey’s creation became so popular that he could not keep up with public demand. By 1964 The first fully electronic slot machine was created and called the Money Honey.

Slots have been a favorite of many gamblers throughout history, but slot machines have also been seen throughout many of the poor man’s gamble across North America. Microgaming and Random Number Generation Technology (RNG) of the popularity of the slot machines have risen. RNG predicts the next symbols appear on the slot machine window, dictating the amount of money to be won, rather than the weights that can be placed on any given reel in favor of the casino, rather than the player. The RNG has evened the playing field for the player to actually win money and spend less. The casino still reaps a profitable sum over time as new players put in their money and then leave to go to another machine.

Slot machines today are known to have payout percentages of 80 – 98% and are pre-programmed with Microgaming for their payout rates. Casinos are able to change the payout rate of their machines; However, the most difficult task and the biggest expense of having a chip replaced. Most slot machines have a quarter of wagering costs and have a quarter of lower payout rates. It is noted that the five dollar machines have a payout rate of 98%.

Is it possible to win slot machines today with the governing combination being chip technology? Absolutely! One needs to understand the RNG technology and how it is employed in slot machines. Using simple tips and strategies, it is very possible to build a slow but steady income stream from slot machines. A mistake that many slot players make is a big jackpot of hope with a slot into the sums of money. If a player is using a low-risk betting strategy and understands RNG, building a channel of chances and a consistent income stream is far more possible than the one-off large jackpot.

So next time you hit the land or online casinos, consider RNG and not the big jackpot for hanging out. Take your small wins and move to the next machine to start it all over again. Wise money management is a very important factor in winning the slots. If you enjoyed this article and would like more detailed information on slot machine technology please feel free to contact me via email.

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