There are numerous theories and myths about the nature of slot machines and whether an individual can in fact create a make money from them. With the growing awareness of gambling addiction, the slot machine is finding a bad name. The actual simple truth is that in January 2009 a report premiered 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 finding that the full total Canadian gambling revenue was estimated at $13.75 billion in 2009. When one considers the full total Canadian revenue from gambling, the 3.2% of problem gamblers is relatively small when compared with the spending as a whole.
Slots have been with us since 1891 where the very best 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. Shortly 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 due to the proven fact that Fey’s machine had three reels and five symbols with the biggest 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 reach, thus players often lost a fortune trying to get the combination. From the difficulty in actually finding a jackpot the general public called the device 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 popular of many gamblers throughout history, although slot machines were also viewed as the poor man’s gamble in several bars across North America. Slot machines have risen in popularity considering that the creation of Microgaming and Random Number Generation Technology (RNG). RNG predicts the following symbols to appear on the slot machine window, dictating the quantity of money to be won, as opposed to weights that can be added to any given reel in support of the casino, rather than the player. RNG has evened the playing field for the ball player to actually win money and spend less. The casino still reaps a profitable sum as time passes as new players put their profit and then leave to visit 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 can change the payout rate of these machines; however most choose never to due to the complex task and large expense of experiencing a chip replaced. Most slot machines with wagering amounts of a dime to a fraction have lower payout rates than one dollar and higher machines. It is noted that five dollar machines typically 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’s employed in slot machines. Using simple tips and strategies, it’s very possible to build 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 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 odds of building a considerable and consistent income stream is far more possible than the 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 the next machine to start it throughout again. Wise money management is an essential element in winning at the slots. In the event that you enjoyed this article and want more comprehensive information regarding slot machine technology please feel free to get hold of me through email.