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Gambling
Slot
machines
were invented in the late 1800's by a man named Charles
Fey, but did not become popular until Bugsy Siegel
installed them in his Flamingo Hilton hotel in Las
Vegas, Nevada.
Slot
machines owe a lot of their popularity to the fact that they
can be played at the player's own pace with no skill
required. They have evolved over the years from
simple three reel machines with each reel containing 20
symbols to the random number generated machines in
today's Casinos with each reel sometimes containing
hundreds of symbols.
The
most important feature in older slot machines is the
number of reels and the number of symbols. The fewer the
number of reels and symbols, the easier it is to get a
winning combination.
Lets
take a simplified example of a three-reel machine.
If a machine has 10 symbols on each reel, and there are
two "blank" positions between each symbol, that's 30
positions on each reel. A three-reel machine gives
27,000 (30 X 30 X 30) possible results that you could
get when you pull the handle or press the "Spin" button.
A fair number of these possible results will give
smaller, partial payouts, but there's only a 1 in
27,000 chance that the combination of numbers that
represents the machine's jackpot will be generated.
Now
lets take another example where there are 120 symbols
per reel rather than 30. You multiply 120 X 120 X 120,
which equals 1,728,000. The odds of hitting the
jackpot on this machine are 1,727,999 to 1!
The
newer slot machines found in Casinos today feature
random number generators that determine the number of
symbols per reel based on the amount of the jackpot. The
higher the jackpot the greater the number of symbols per
reel. This is done to ensure that the jackpots are hit
rarely enough for the
Casino to generate enough money to pay off the jackpot
and produce a profit.
Most
slot machines are programmed to payout between 83 and 98
percent of coins played which includes jackpot payoffs.
Although several machines may be located beside each
other and look identical, they could each be programmed
to return an entirely different percentage rate.
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