Facts about Slot Machines
Slot machines are the most profitable form of gambling for casinos.
How They Work
Class III slot machines are based on random number generators. The outcome of each spin is random.
Average Payout
The cost of play on slot machines is built into every spin. If the payout is 90% to the customer, then the cost of play is 10% per spin. If you were playing at a rate of $1 per spin with a 90% payout, on average you would have $0.90 remaining. Therefore, your cost of play would be $0.10 per spin. Incremental wins count as part of the 90% pay out. Jackpot wins ($1200 or more) also count in the 90% payout. Jackpots make up only 1% of all payments.
Warning Signs for Problem Gambling
High Frequency of Play
Slots have a high rate of play, and higher rates of play are associated with higher risk. The majority of people who seek treatment for gambling disorder say playing slots was the primary problem.
A Mix of Factors
Addiction to slot machines likely results from the interaction between the player and the slot machines. Cognitive, social, emotional, biological, and genetic dispositions all impact the player.
Myths about Luck
Myths about how slot machines work exacerbate these risk factors. Read on for more information about common myths about timing, machines, and other ways that can cause a problems.
There is no skill to playing slots, and there is no strategy of play that increases the chances of winning.
Debunking Common Myths
MACHINES
Slot machines are neither “hot” nor “cold,” just random. There are no “loose” machines. All machines operate using a random number generator.
TIMING
The time of day or day of the week has no effect on wins. The rate of pushing buttons or time between bets has no effect on the outcome. Playing two or more machines at the same time does not increase chances of winning.
NEAR WINS
There is no such thing as a “near win” or a “near miss.” If you receive less money than you paid to play, then that is a loss. The probability that you will win next time does not change.
PAYMENT TYPE
Playing with cash versus a player’s card does not affect wins.