Slots are one of the best-known and easiest ways to gamble. All you need to do is put in the money and watch the spinning reels. However, the mechanism is not that simple. Let’s review it to find out what happens next after one pulls the lever.
How Slot Machines Work
Usually, there are 3+ “reels” in slots, and every reel has certain symbols. Physical slots may have 20+ symbols on one reel, but virtual ones can have up to 256 symbols, which means millions of combinations. The winning combinations are called “paylines”.
Slot machines use random number generators which, as you probably know, create millions of numbers every minute. Your win or loss depends only on these randomizers, meaning you count only on your luck. If the number generated by the mechanism is the same as the payline, it means you’ve won. Some people tend to believe in some patterns, say, ‘one cannot win three times in a row’ or ‘if I lose three times in a row, I’ll definitely win the next time’. However, this is not how it works. Each spin is totally random and doesn’t depend on the outcome of the previous spin. You can win ten times in a row or lose ten times in a row – you’ll never guess. No one can truly predict the outcome of the game. That is why so many people like trying their fortune in such a funny way.
Slot machines can be of various types. Some of them even allow you to customize the number of paylines in one game!
It is recommended to read about the odds, cost per play, returns, and other crucial details before starting the game. Even though some people enjoy taking risks, for most of us, it is better to know what you are getting into to take the most advantage.
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Slot Payouts
The chances of winning vary from case to case, depending on the chosen slot machine, the number of paylines, and credits placed.
Cheaper machines usually offer a small reward. Some of them may cost a few dollars per one game but, consequently, they provide bigger rewards, and the chances are higher.
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House Advantage of Slot Machines
Although some slot machines are indeed programmed for payouts with higher frequency, others – with lower frequency, the average advantage for these machines is 8%, i.e. the usual average return is 92%. Due to this slot machines are not as profitable as, for example, roulette or blackjack, when we talking about return.
House Advantage if Compared to Other Games
| Game | House advantage, with optimal pay |
|---|---|
| Baccarat | 1.06% |
| Blackjack | 0.5% |
| Craps | 0.8% |
| Fortune pai gow poker | 0.5 to 2.5% |
| Poker | 2 to 3.5% |
| Lottery | 50% |
| Roulette | 5.3% |
| Slot machines | 8% (average) |
