Walk into any casino and you are likely to see rows upon rows of slot machines dotting the landscape. These twirling, spinning machines are the most popular attraction to be found in a betting arena. There is something quite thrilling about handing over a dollar only to be rewarded by winning two dollars. There are people who’s entirely livelihood is tied to a casino’s handle.
As Megabucks says, “One pull can change your life.” Does it really happen this way? To some people this actually does happen. One pull and suddenly they find themselves a whole lot richer.
For others it is a constant feeding of money into the machine that yields them nothing but heartbreak and frustration. It is a game of chance that always favors the house. But if you are wondering how slot machines work and think you can take them on, this article is for you.
How do slot machines work?
Slot machines are a game of chance. There really is no skill involved. Whether or not you win is based on the number of drums inside the machine and the variety of combinations that can occur based on these drums and symbols.
You simply insert money in the form of coins, cash or the new bar coded ticket system and you either pull the handle of the machine or you push a button. The machine will have a print out of its possible winning combinations on the face of the machine to tell you what the payout is.
What other names are slot machines called?
Well you have probably heard slot machines called one-armed bandits because of the look of the lever to the side of the machine. This may also be in reference to the fact that more often than slot not players will lose their money to the machine.
In Britain slot machines are called fruit machines. This is probably due to the fact that most slot machines use symbols of fruit to make winning matches. In Australia the slot machine is known as a poker machine.
How much money does a slot machine make?
The amount of money that a slot machine makes is involved with the pay out system. The slot machine is programmed electronically to pay a certain pay out such as 95%.
The typical pay out is around 82-98% of the money that is put into the machine. A certain percentage of the money played is given to the house and the rest is returned to the person playing the machine. The machine usually keeps 50% for itself and the house.
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