What Is A Reel 2 On Slot Machine

13-05-2021

What Is A Reel 2 On Slot Machine

When you play a slot machine, the game isn’t actually being played out on the reels, whether it uses “real” reels or video reels. It’s being played internally, on the game’s random number generator. The reels are just a player-friendly interface, and are told where to stop by the RNG. Home Our Story Links Warranty Testimonials Site map Terms. PRODUCTS Overseas Slots Las Vegas Slots JVL Machines Pachinko Antique Slots Tokens & Extras Slot Stands Cherry Masters Currency Counters Casino Gifts Gum Machines Pedal Cars and Planes Specials Customer Photos.

The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs.

What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity. At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue.

Spinning-reel slots in particular are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines and other forms of gambling.

What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.

The price of a slot

An important economic theory holds that when the price of something goes up, demand for it tends to fall.

But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them.

Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.

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Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.

For example, consider a game with a 10 percent house advantage – which is fairly typical. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. Thus from the management’s perspective, the “price” it charges is the 10 percent it expects to collect from gamblers over time.

Individual players, however, will likely define price as the cost of the spin. For example, if a player bets $1, spins the reels and receives no payout, that’ll be the price – not 10 cents.

So who is correct? Both, in a way. While the game has certainly collected $1 from the player, management knows that eventually 90 cents of that will be dispensed to other players.

A player could never know this, however, given he will only be playing for an hour or two, during which he may hope a large payout will make up for his many losses and then some. And at this rate of play it could take years of playing a single slot machine for the casino’s long-term advantage to become evident.

Short-term vs. long-term

This difference in price perspective is rooted in the gap between the short-term view of the players and the long-term view of management. This is one of the lessons I’ve learned in my more than three decades in the gambling industry analyzing the performance of casino games and as a researcher studying them.

Let’s consider George, who just got his paycheck and heads to the casino with $80 to spend over an hour on a Tuesday night. There are basically three outcomes: He loses everything, hits a considerable jackpot and wins big, or makes or loses a little but manages to walk away before the odds turn decidedly against him.

Of course, the first outcome is far more common than the other two – it has to be for the casino to maintain its house advantage. The funds to pay big jackpots come from frequent losers (who get wiped out). Without all these losers, there can be no big winners – which is why so many people play in the first place.

Specifically, the sum of all the individual losses is used to fund the big jackpots. Therefore, to provide enticing jackpots, many players must lose all of their Tuesday night bankroll.

What is less obvious to many is that the long-term experience rarely occurs at the player level. That is, players rarely lose their $80 in a uniform manner (that is, a rate of 10 percent per spin). If this were the typical slot experience, it would be predictably disappointing. But it would make it very easy for a player to identify the price he’s paying.

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Raising the price

Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house advantage from management’s perspective, such as 4 percent, it can and often does win all of George’s Tuesday night bankroll in short order.

This is primarily due to the variance in the slot machine’s pay table – which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, these probabilities are a critical determinant of the house advantage – that is, the long-term price of the wager.

This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players – if they can get away with it.

Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the “price” too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino.

This terrifies casino operators, as it is difficult and expensive to recover from perceptions of a high-priced slot product.

Getting away with it

Consequently, many operators resist increasing the house advantages of their slot machines, believing that players can detect these price shocks.

Our new research, however, has found that increases in the casino advantage have produced significant gains in revenue with no signs of detection even by savvy players. In multiple comparisons of two otherwise identical reel games, the high-priced games produced significantly greater revenue for the casino. These findings were confirmed in a second study.

Further analysis revealed no evidence of play migration from the high-priced games, despite the fact their low-priced counterparts were located a mere 3 feet away.

Importantly, these results occurred in spite of the egregious economic disincentive to play the high-priced games. That is, the visible pay tables were identical on both the high- and low-priced games, within each of the two-game pairings. The only difference was the concealed probabilities of each payout.

Armed with this knowledge, management may be more willing to increase prices. And for price-sensitive gamblers, reel slot machines may become something to avoid.

There are more varieties of slot machines than you may have ever imagined. Slots were created as a simple game in the 1800s, working as three spinning mechanical reels. The first gambling slot machine had only five symbols: horseshoes, diamonds, spades, hearts, and a Liberty Bell.

Video Slot Machines and Reel Slot Machines

Since that first slot machine, many things have changed, but the concept remains the same. The slot machine will choose a random number for each reel and will slot a symbol into a position on the reel when it stops spinning. The player wins if the reels line up symbols incorrectly on a payline.

There are now video slot machines with multiple pay lines, traditional reel slot machines, and progressive slot machines that can have huge jackpots. You can now play slot machines online and on a mobile phone. While slot machine technology has changed a lot aesthetically, the game still essentially works the same.

Random Number Generator

A Random Number Generator chip operates Today’s slot machines. These RNG chips choose outcomes of the video or reels at random for every spin. There are no patterns or hot/cold streaks, and your odds are the same for each spin with today’s slot machine. The only specific number that an RNG must adhere to is the payout scheduled by the game operator. Slot machines are set to return a specific amount of money played. The minimum amount of money returned to the player is designated by the gaming control board.

The format of a slot machine still plays a role in selecting a machine. Reel slot machines continue the tradition of the original slot machines. Many players continue to enjoy the sound of the reels whizzing around before landing on a payline. Newer reel slot machines still feature that traditional gameplay while competing with video slot machines that have as many as nine different pay lines.

Technology allows video slot machines to have as many pay lines as can fit on the screen. Today you’ll see video slot machines and online slot machine games with up to 100 pay lines. These games can be so elaborate to incorporate video clips of movies, television shows, and music videos. There are even communal video slot machines in some casinos where bonus rounds and progressive jackpots are generated and played by multiple players at different machines.

Higher Limits = Higher Payouts

One of the reasons that players still gravitate to reel slot machines is because many have fewer pay lines so they may take fewer credits to play. Slots with low credit needs come in handy when playing higher limits slot machines. Typically higher limits slot machines will return a higher percentage of money than lower limits slot machines. A slot machine where one credit is equal to $5 will return a higher percentage of the money played, than a $1 slot machine, a 25 cent slot machine, and so forth.

Some slot machine players feel more comfortable playing three credits for $15 in a $5 slot machine because of the higher return percentage than they do by playing 50 lines in a 25 cent slot machine. It’s easier for a player to understand the math behind a slot machine with fewer lines and symbol combinations.

A reel slot machine can only hold up to about 20 symbols per reel, so possible combinations are limited. A video slot machine may have up to 100 reels and symbols. Without reading the actual odds on each video slot machine, it’s almost impossible to predict the probability of winning video slot machines. It can be confusing for players who are looking for a mellow activity.

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Progressive Jackpots

This math comes into play when looking at progressive jackpots on both video slot machines and reel slot machines. Players look at the progressive jackpots and wonder if it will be easier to win with fewer reels than it would be with more. The RNG will dictate when the progressive jackpots will pay out, but the psychology of the game may impact players preference for playing a certain progressive jackpot game.

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Progressive slot machine jackpots build by players contributing a portion of their play to a prize pot to be won by one person. Progressive jackpots can be individual slot machines, groups of slot machines in a casino and now even in multiple states. Some progressive jackpots can be so massive that they will change someone’s life, so it’s worth it to know what you’re doing.