The gaming industry is currently one of the most lucrative industries in the world. In just the U.S. alone, its yearly contribution to the economy is estimated to be around $240 billion. That said, the gaming industry offers plenty of portions to its players to choose from. However, slots are certainly one of the most popular choices.
Before you decide to dig deep and fully immerse yourself in the world of slots, however, you should first learn a thing or two about them. Even though these games are super easy to play and quite enjoyable, you should try to learn how they work. This way you’ll have a better understanding of the system, increasing your chances to win. So, let’s see what are 5 basic things you should know before you play slot machines.
Slot machines – how do they work?
The way in which slot machines are designed encourages players of all calibers to give them a shot. The best thing is that you don’t really need to be a pro gamer to learn how to play slots. The way in which machines are designed is pretty intuitive. Basically, every machine consists of reels and RGN – or the random number generator. There’s also the coin slot or the place where you insert your preferred method of payment. Next comes the lever which players use to spin the wheel in order to start playing. Of course, there’s also the pay line, where players get to collect their winnings. So, if you’ve ever wondered how slot machines work, there’s your answer. The mechanism of slot machines, although somewhat complex, is actually quite easy to use. No wonder slot games are so popular!
What’s the pay back like?
Contrary to popular belief, slot machines actually offer quite a nice pay back. Actually, the pay back players can expect from slot machines ranges anywhere between 90-98%. This is quite high, especially if you take into consideration just how easy it is to play these games. Since slot games are so popular, the market became quite competitive. And the best way to win players over is to promise them a good pay back. That’s one of the reasons this percentage is so surprisingly high.
There’s no track record with slot machines
Now that you know how slot machines work and are more familiar with the mechanism behind them, let’s dive a bit deeper. Many slot players believe that there are so-called “hot” and “cold” slots. Basically, they believe that the machines keep track of paid out jackpots. So, if someone just won a jackpot on a certain machine, the next player will avoid it as they would consider it to be “cold”. However, in reality, that’s not how slot machines work. The fact is that slot machines don’t actually keep any record. This means that somebody else’s win won’t lower your chances of winning as well. All of this is due to the aforementioned RNG technology, which makes every spin entirely random and unpredictable.
Progressive slots as a great technology breakthrough
With modern technologies, slots have also experienced some changes for the better. With progressive slots, every player has a chance to hit a jackpot. The jackpot that can potentially be won is set at a certain amount. A percentage of every bet made goes into that “pot” that’s helping the jackpot to grow. The jackpot can continue to grow until a lucky-enough player shows up and wins it. After that, the pot is being refilled once more, to ensure that another player gets a chance to experience the same fate. The best part is that progressive slots can sometimes even reach lottery-level winnings. And even though progressive slots are an excellent addition, there are still players who prefer traditional slots.
The price of a slot
In the end, we should also mention the price of a slot and how determining this part works. Most often, the price of a slot will be determined by the expected average house advantage on each bet placed. To put things in a clearer perspective, we’ll use simple math. If the house advantage percent is 10, that means that the casino will return 10% to the house of all of the bets made. However, from the player’s standpoint, the math looks a bit different. If a player bets $1 and doesn’t score the win, the price of a slot for that player will be $1 and not 10% of it. That’s why it’s very important to understand how this works, to avoid overspending.
As mentioned earlier, slot games are one of the most popular casino games. Knowing what you know now, it is fairly simple to understand why. They offer some great fun to players of all caliber and they’re usually considered to be quite affordable. On top of that, they offer excellent payout and are one of the most fair-play games out there.