The 130+ year slot machine history helps us understand the future of slots, including technology, popularity, and regulation. From Charles Fey in 1887 to centralized computers in modern casinos, learn the origin of pay tables, bar reel symbols, the RNG, and who did what when for the gaming machines we love to play.
Much has changed in the gaming industry over the last 10 years, with so many more casinos available closer to home for most people. One crucial aspect that has not changed is Nevada’s ongoing success in leading the world gaming industry. Nevada’s leadership role is vital as your state’s gaming regulations should matter to you.
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?
Six small but important topics of interest have been collected over the last 5 months. These extras include now having an Alexa Skill as a podcast destination, “merch” for advertising, books, email subscriptions, and a voicemail hotline at 702-90-SLOTS to promote community and functionality for my Professor Slots business.
A slot machine’s performance is all about its theoretical payout return setting, while actual slot machine payout returns are its historical play results. Payout returns are how much a casino returns in winnings divided by total bet. Actual returns are sometimes reported to state-run gaming commissions, and may be public.
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.