Knowing what you’ve won and lost at slots is advantageous, so keeping gambling records is important for slots enthusiasts. This includes using gambling losses to possibly get a tax refund as well as being able to analyze your overall gambling performance over time. Caution: Can your gambling deductions be applied locally?
Can you guess who controls slot machine odds is answered with: the machine, the casino staff, both, the state for VLTs, and by Progressive manufacturers. Casinos with control over slots tinker with the odds of winning to improve financial performance, which just so happens to generate winning patterns to be exploited.
Casinos give away free stuff to members of their players clubs: free slots play, shorter lines, comps, travel, hosts, and events. The higher the tier level, and the greater the amount of recent play, the higher the value of this free stuff. But, is it truly anything you want? Remember to stay focused on your goals!
Accepted legal gaming classifications are available to state gaming boards to restrict which class of slot machines can be used in a casino or other gaming area, specifically Class I (tribal ceremonies), Class II (bingo), and Class III (for everything else, including Las Vegas style casino games).
State gaming regulations are a simple fact of life, whether known to exist to most people or not. Each state’s gaming commission can be very different, but each works hard to protect their constituents. Here, I provide perspective of how the gaming industry, both providers and players, can be impacted by state legislation.