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The Slot Machine is a mechanical slot machine where players can place bets with the opportunity to win money. The first slot machine was released sometime between 1887 and 1895. As you would expect, the machine was very simple and consisted of three coils and five different symbols, one of which was the Liberty Bell, which also became the name of the machine. The invented machine was a huge success and was found in many barbershops, cigar shops, bowling alleys and salons.

Since then, the history of the slot machine has continued to evolve. Slot machines quickly got nicknames such as fruit machines, bars atoms, puggy, pokies, and one-armed bandit (due to the lever you pressed to start spinning).

After about 100 years, when Internet technologies spread all over the world, and ordinary people began to access the World Wide Web, the idea of an online slot machine began to develop. The huge success of physical slot machines needed to be carried over to the online version. However, it was not so easy. For online casinos to be successful, many smart people had to invent new payment systems for painless and safe online money transactions. In addition to this, online casinos had to make sure that potential customers trust them enough to play online.

Online slots today is a term that encompasses a vast and varied set of features, themes and settings, and is an area that is constantly evolving. One thing that all casino slots have in common is that they don’t require any real playing skills. You just have to click on the “Spin” button to start playing.

How do slot machine work?

The creativity of gaming providers is unlimited when it comes to gaming options. However, some basic features are usually included in almost every online slot. Here we will briefly explain these general slot capabilities for you.

RNG provides an unbiased chance of winning – slot machines (both physical and online) are driven by a random number generator (RNG) that has been certified by third party agencies for fairness and functionality. RNG technology ensures that each spin is independent of previous and future spins, which means that every time you spin on the machine, the chance of winning is always the same.

Virtual reels are vertical spinning wheels that display different game symbols and eventually receive one specific symbol on each reel when the spin ends. The behavior of the reels in online slot machines is programmed in the gaming software. This includes graphics, symbols, and landing probabilities of various game symbols.

Paylines – the number of paylines can vary from 1 to several hundred thousand (in rare cases). Usually there are 1 to 100 paylines (or ways of winning, as it is sometimes called), but there are many exceptions.

Paytable – The paytable tells you everything you need to know about the winning symbols and payouts for each combination.

Bet size – all slots have a minimum and maximum limit on the amount of the bet, but this limit may vary slightly depending on the game. Typically, however, the limits are both low and high enough to satisfy most players.

Wilds, Scatters and Multipliers – Almost all online slots come with Wilds, Scatters and Multipliers. Wild symbol replaces any symbol (except scatter) to maximize your winnings. Wilds can have different traits, including sticky Wilds (which are the most common). A certain number of scatters (usually at least 3), randomly distributed over the reels, activates the Free Spins function in most slots. The multiplier will increase your winnings by at least 2 times, and it sometimes appears in combination with Wild symbols.

Free Spins and Bonus Games – The number of Free Spins you get usually depends on the number of Sketters you hit, and sometimes you can get extra Free Spins by getting more Scatter Spins during Free Spins. Many slots also come with bonus games that can take many forms. For example, a click-to-pick game is fairly common.

RTP, variance (volatility), drop rate and maximum winnings

The theoretical payout potential – commonly referred to as Return to Player (RTP) – can vary significantly from game to game, but the industry average is around 96%. This means that the average bonus received by a casino for online slots is around 4%, which is significantly lower than most physical slot machines.

Another thing that varies a lot for online slots is what is called volatility (or variance). While the RTP can be very similar (or even the same) for 2 slot machines, you will find that some games are rarely paid out in large amounts, while others pay smaller winnings almost all the time. There is also a middle here, and each player must decide which he prefers.

FINDING THE BEST SLOT MACHINE

Everyone who has ever played slots for at least five minutes seems to feel that they are qualified to find the best slot machine.

'Best' usually means the 'loosest' slot, meaning that the machine seems to pay out more coins than have been played, at least for a time period.There are as many theories as there are people on how to find this elusive machine.

Some people believe strictly in luck.If they were wearing their lucky hat the last time that they played and won, then they will ascribe their luck to this hat and be sure to wear it every time they play.

Others like to talk to the slot machines while they play.I once played next to an elderly lady who started out telling her machine to 'Be good to Mama, Baby,' followed by an occasional pat on the front of the machine.After about thirty minutes her tune had changed to 'Pay up you tight son of a bitch,' followed by a whack on the machine glass.

Some folks like to test the temperature of the machine before they begin playing.If the machine is warmer than the other machines, then this qualifies the machine as a 'hot' one, suitable for play.

Some people will only insert cold coins into a machine, claiming that if warmer coins are used, the machine tightens up.

Many players believe that slots should be played only at night or on the weekends, or some other variation of timing.

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Still others believe that the rhythm used in pulling the handle is the secret.Implementation of this theory includes such variations as the short hard pull and the slow, almost delicate pull.Each has its adherents.

Others use the 'the attendant must know' theory and ask the slot attendant which is the best machine to play.A variation of this is to observe another slot machine when playing and if the machine has not paid a jackpot in a long time, to consider playing the machine as it should be ready to pay.

The location within the casino is also important for many players.Some players claim that aisle machines are the best, while others believe that the loosest slots are hidden in back corners so that they don't get much play.

I wish I could tell you that one of these approaches works.You may consider that I have saved you some money, as each of these approaches have been touted at one time or another in slot publications of dubious value.I recently purchased a slot bookwhich spent several pages describing how hot and cold machines are laid out in a casino based on the author's theory of how casino executives are supposed to think.

I don't have much to say about the 'luck' or clairvoyance theories of slot play.Perhaps some folks got it and some don't.I know that I don't do very well when I rely purely on luck.If luck does work, I have the impression that it is a very personal thing, and I don't have any advice on how you may increase yours vis a vis winning at slot machines.I am going to assume that you are like me and believe that luck comes to those who are prepared, so we will concentrate on becoming more prepared.

The time of day theories are really absurd.Many players believe that the casinos can push a button inside a slot, or jiggle a couple of levers and change the payouts.With the microprocessor controlled slots, the chip itself must be changed to affect the payout percentages.Changing the chip requires the skill of a trained technician and several hours work.It is also an expensive proposition for a casino to be constantly changing its slots.You can rest assured that slot payouts in a particular casino will not change with nightfall or from a weekday to a weekend.

Obviously, talking to the machine or even caressing it, is not likely to have any effect on a computer chip controlled mechanism.Neither is the temperature of the machine (which is probably most affected by the temperature around it) nor the warmth of the coins.Slot machine levers have zero influence on the random number generating chip controlled machines.The machines could just as easily be activated by a button (as are the video slots) or a pull string.The days of handles activating gears which determined the rate of spin of the reels are long gone.

All of these theories may occasionally win some money for their adherents, but consider:Randomly selecting any machine may work just as well.

We are after something a little more definitive.Let's look first at some of the characteristics of the different types of slot machines.

One of the attributes we will look for on any machine is the ability to play from one to as many as five coins without any penalty for playing less than the maximum number of coins.Why?Because we want the flexibility to adjust the size of each wager dependent upon the exact playing conditions we are facing at that exact moment.

This condition knocks out of contention any single coin slot machines.With a single coin slot, the only option we have is to insert a coin and pull the lever.It is a win or lose proposition, with no alternatives other than changing machines.To have the best chance of winning, we will demand the flexibility to vary the number of coins based on each individual machine's attributes.

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With this one condition, we will rule out play on any of the single coin mechanical machines.This restriction is not too severe, as these machines can only be found in a few downtown casinos in Las Vegas, and scattered about other Nevada sites.

By requiring that no penalty be imposed for playing with less than the maximum number of coins accepted by a particular machine, we will also rule out a number of multipliers which do impose this penalty.We will not want to play on any Option Multipliers (buy-a-pay) slots as these machines bring additional symbols into play with additional coins inserted so that with less than the maximum number of coins played, the number of winning symbols are severely reduced.

Less obviously, but using the same logic, we will reject playing on the Multiple Pay Line machines, which accomplish the same thing as the Option machines by bringing additional pay lines into play as additional coins are inserted.

A second condition we will impose is that the machine we select to play is a High Frequency machine.By high frequency, we mean that the machine has been programmed to pay off many lower payoffs more frequently rather than a very small number of higher payoffs.

Table 15 compares the hypothetical payoffs of Low and High Frequency slot machines.

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Table 15.Comparison of High and Low Frequency Slots

If we look at the payoff schedules on these two machines, we don't have much of a clue as to which is the higher or lower frequency machine.Both machines have similar payoffs, and both machines will ultimately pay back 95% of the coins played.Having the benefit of using this table, we can see that the high frequency payer will return a higher percentage of the coins played on the payoffs of 20 coins or less.If we add the payoff percentages for all payoffs of 20 coins or less on the high and low payoff machines, we find that 94% of the payoffs on the high frequency version are for payoffs of 2, 10 or 20 coins, while only 77% of the low frequency machine payoffs are for 2, 5, 10 and 15 coin payoffs.

For our purposes, the machine paying 94% of its payoffs on payoffs ranging from 2 to 20 coins is the better machine, as it is more likely that we will hit one or more of these payoffs in short-term play.While the lower frequency machine returns exactly the same overall payback of 95%, it accomplishes this by making fewer lower coin payouts and concentrating a higher amount of its payback in the less frequently hit jackpot payoff of 1,000 coins.

In short-term play, we are not likely to ever hit the jackpot payoff.Since 18% of the slot's overall payback is represented by this jackpot, in simple terms, by not hitting the jackpot, our return will be reduced by 18%, a large percentage of the expected payback.

We discussed locations of slots in a general way in the previous chapter.We found that the best paying slots are located in the state of Nevada, and on the average, the lowest paying slots are in Atlantic City.Of course this is from your and my perspective.If you owned a casino, you would prefer the lower payout Atlantic City slots.

Another aspect of finding the best slot machine is picking the best casino in the best location.Unfortunately, casinos are not very forthright on their exact hold percentages so that this task is not always that easy.

We can, however, refine our selection process somewhat without knowing the exact hold percentage of each casino.

First, we know that we should confine our play to casinos.Grocery stores, service stations, bars, airports and other non casino locations often have paybacks of from 50% to 75%.Your money will disappear very quickly if you decide to regularly play the slots at Joe's All-Nite Market.Needless to say, you should stick withlegal slot machines.If you decide to play illegal slots, who knows what extortion will be enacted on you.And you will have little recourse if you are cheated.

The airport slots at McCarran International Airport are notoriously tight, although I have been known to play them on occasion to enjoy a diversion not usually found in the airports of the world.An elderly neighbor of my mother had an interesting experience at the Las Vegas airport.His plane was already boarding when he hit a $100 jackpot on a quarter machine.Realizing that he did not have time to change the coins into bills, he began stuffing the quarters into every pocket he had.When he finally waddled onto the plane, with quarters bulging in every pocket, his pants fell down from the weight of the quarters.The entire plane gave him a round of applause.

There are many theories about where the best machines are located in casinos.Some players believe that machines located at the end of aisle hold the key to fame and fortune, while others will swear by different locations.If you have ever read about slots, it is likely that you were treated to the author's pet theories about where the best machines were.

To try to separate truth from fiction, I devised a simple experimental approach.Playing with a group of friends who agreed to participate in the experiment, we played a number of casinos systematically and recorded the results.In order to limit the number of variables for each trip to a casino, we played only the same denomination machines, e.g. nickel, quarter, dollar or five dollar machines.Our only variation in these experiments was the location of the slots in the casinos.Each trial was at least at hour long, each player used the same session bankroll, and each player played at roughly the same speed.Over the years, I was able to accumulate a number of these trials.While admittedly deficient in a number of ways (for example we played on slots manufactured by different companies, rather than same company slots, and all of our trips were to Las Vegas so that we didn't 'sample' other slot venues), I feel that the results clearly indicate a pattern of placement of slots by the casino executives.

We refined the terms 'loose and tight' to include three categories of machines:

Loose machines were those whose estimated paybacks were from 97—99%.

Middle paying machines paid out at from 93—96%.

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Tight slots paid out less than 93% of the coins played.

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Let's apply these criteria to different slot denominations.

This chapter continues and with specific information about where the best paying slots are found.Read about it in Super Slots!

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