Slot Machines – Is it possible to Win?

There are numerous theories and myths about the character of slot machines and whether a person can in fact make a benefit from them. With the growing awareness of gambling addiction, the slot machine is getting a bad name. The actual simple truth is that in January 2009 a report was released by the Ontario Problem Gambling Research Centre stating that problem gamblers comprise a mere 3.2% of the whole gambling population in Canada. In August 2010, Stats Canada released its finding 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 been with us since 1891 where the best poker hand was rewarded with beer and cigars. The first conception with this gambling phenomena was introduced in Brooklyn slot joker, New York by two men, Sittman and Pitt. Right after in 1895 the infamous Charles Fey developed the initial commercial machine which became coined “The One Arm Bandit” ;.The understanding behind the coined phrase was as a result of undeniable fact that Fey’s machine had three reels and five symbols with the greatest jackpot paying out ten nickels. Fey’s creation provided for 1000 number combinations before a jackpot combination was struck. This of course was difficult to achieve, thus players often lost a lot of money looking to get the combination. From the issue in actually getting a jackpot the general public called the device a Bandit for stealing their money. Fey’s creation became so popular he could not match public demand. By 1964 the initial fully electronic slot machine was created and called the Money Honey.

Slots have already been a popular of several gamblers throughout history, although slot machines were also viewed as the poor man’s gamble in lots of bars across North America. Slot machines have risen in popularity since the creation of Microgaming and Random Number Generation Technology (RNG). RNG predicts another symbols to look on the slot machine window, dictating the total amount of money to be won, as opposed to weights that can be placed on any given reel in favor of the casino, as opposed to the player. RNG has evened the playing field for the player to truly win money and spend less. The casino still reaps a profitable sum with 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 because of their payout rates. Casinos are able to change the payout rate of these machines; however most choose not to as a result of complex task and large expense of getting a chip replaced. Most slot machines with wagering amounts of a dime to a quarter have lower payout rates than one dollar and higher machines. It is noted that five dollar machines normally have a payout rate of 98%.

Is it possible 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 create a slow but steady income stream from slot machines. An error that numerous slot players make is continuing to put large sums of money right into a slot with the hope of a large jackpot. If a new player is using low risk betting strategies and understands RNG, the likelihood of building a considerable and consistent income stream is far more possible than the one-off large jackpot.

So the very 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 a very important element in winning at the slots. In the event that you enjoyed this informative article and want more comprehensive information regarding slot machine technology please feel free to make contact with me through email.

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