Online Video Slots

Slot machines are the most popular games out of every gambling game in the casino. The combination of low betting minimums and varied game types makes slot machines very popular among a wide range of casino patrons. Slot machines are required by a law to have minimum payout percentages, usually somewhere between 75-85%. Most casinos maintain payouts in the 90's, however, to keep their games competitive. Most online video slots have even higher payout percentages (around 96-98%) because they have lower fixed costs.

The first traditional slot machine was built by Charles Fey in 1887. His first machine was a simple three reel device with a total of 5 different symbols. The jackpot on this machine was an astounding 10 nickels. Nevertheless, they quickly took off and became popular in bars across the nation.

Traditional slot machines are mechanical, 3 or 5 reel machines with a single lever on the side. Players put coins into the machine and pull the lever to set the reels spinning. If certain combinations of symbols land in order, the players win money. These traditional slot machines are where the nickname "one armed bandits" comes from.

Online video slot machines are the more common form of online slot machines today. They use computer images to represent the reels and a random number generator to randomize the final resting places of the symbols. Online video slots look like traditional slot machines except everything is digital. Often times, when playing in a live casino, these slot machines use tickets to track winnings instead of coins. It makes it easier for the people who play so they don't have to lug big buckets of change around the casino.

The biggest slot payouts come from linked progressive slot machines. Progressive linked video slot machines can be linked across the floor of a casino or even across entire states. Every slot machine in the network, both traditional and video machines, pays a little bit of money towards the jackpot so that when the jack pot is finally hit, the payout is much bigger than it would have been on any single machine.

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The odds of hitting progressive jackpots are much lower than hitting any other jackpot, but the payouts are many times bigger. This is especially that case when playing slots online. Depending on the volume of an online casino, online video slots can reach huge progressive jackpots, well into the millions.

One of the most innovative features of online video slot machines is a simple tactic they use to keep people coming back time and again. The most common (and lowest paying) symbols are placed next to the highest paying jackpot symbols. That way, when people get the common symbols, it looks like they just barely missed a big jackpot win. A very tricky tactic, as that has nothing to do with your odds of striking it big.

Slot Machine Myths

"Machines that haven't paid anything out recently are due to pay soon"

This is probably the most common online slot machine myth. When in a casino, people all around the world claim you can make money by standing in the slots area and watching the action until you spot a machine that hasn't paid out for a significant period of time. The thinking is that every slot machine has to pay out sometime, so the longer it's been since a payday, the more likely it is one is coming.

This myth is super-false. Each spin of the reels is an independent, random event. This is just like the hot numbers / cold numbers Internet Roulette myth. Just like the roulette balls, slot reels don't have brains and can't remember where they've landed recently or when they are due to payout. Every video slot spin is just as likely to result in a jackpot as the last spin - no more, no less.

"I just left the slot machine and someone won a big jackpot right after me. If I would have stayed longer, I would have won the jackpot"

This myth is wrong too. Online slot machines are based on random number generators so had you instead stayed, you would not have spun the wheel at the same exact millisecond that the winner spun his at. If anyone ever wins a big jackpot at your machine right after you leave, don't feel bad. There is nothing you could have done differently.

Gamblers come up with all kinds of wild slot machine myths but don't let yourself fall into the trap. Slot machines, specifically online video slots, are a fun diversion but there's no secret technique to get rich off them. They are built by trusted manufacturers and are regularly audited for true randomness. People will tell you crazy things like warm coins induce payouts but don't believe it. Slot machines are nothing more than an innocent form of entertainment.

 

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