Winning the Big Bucks

Slot machine.

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Gambling is there for your entertainment, but of course those huge payouts are enticing. Winning a multimillion dollar jackpot leaves a lot to luck and chance. There are two games that offer multimillion dollar jackpots: progressive slots and lotteries. But which boasts the better odds of winning the big bucks?

Comparing the Odds: Slots vs. Lotto
Here’s a brief rundown of the odds of winning each of these jackpots.

Slot Machines
With bigger jackpots than table games, slot machines are the most popular games in today’s casinos. Progressive machines claim the highest jackpots. A portion of the money put into the game by each player is funneled into the jackpot, so the jackpot climbs higher and higher as more and more people play. Compared to playing the lottery, gambling on slot machines gives you greater potential for loss at a higher price…with lower odds of winning. Still, playing the slots gives you the opportunity to win many more smaller and medium-sized payments than lottery games.

Lotteries
By playing the lottery, you give yourself better odds of actually taking home that multimillion dollar jackpot. Lotto tickets come at a lower cost than a spin for the jackpot in a slot game. On the other hand, even if you play the lotto regularly, you’re likely to most often only win nothing or a very small amount. If lotto is the way you want to go, keep in mind that state lotteries have better odds than national lotteries.

Finally, remember that bigger prizes in any game are harder to win. You can increase your odds of taking home something by playing games for smaller prizes.

Hosting Game Night at Your Apartment

Card games and game tokens. 

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Want a great way for your friends to gather in one place and have a great time? Think about hosting a game night in your apartment. Not only will all your friends be able to gather and enjoy the evening but you will provide them with a fun and engaging night of gambling.

If you are not sure what games you would want to have your guest to play you should probably try to keep the games as universal as possible. Many people know how to play black jack but not everyone knows how to play poker. If you are introducing a game that everyone is not familiar with then you should include a copy of directions and rules for the game so that everyone will be able to learn how to play.

If you and your friends are comfortable betting on the games then you should set some rules for how the bets should be placed. Make sure that everyone is comfortable betting before the betting begins. If pepole are not comfortable laying down money, then consider having some games where bets are placed and some games where no bets are placed. Also, clarify the betting limit. Since the night is supposed to be fun and care free, insist that no bets are placed higher than a certain amount. Setting down laws and rules for the evening will save people from feeling uncomfortable later.

Another fun option for hosting a gambling night in your home would be to see if there are slot machines that you could rent for the evening. While no one will hit a jack pot, they will have fun trying.

The Birth of Slot Machines and American Gambling

Fey's liberty bell slot machine 

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Things will never be the same, due to a machinist by the name of Charles Fey.

In 1887, In San Francisco, California, Mr. Fey invented the nickel-operated “one- armed-bandit”.  However, Charles Fey could not produce these little gold mines fast enough in his little workshop.  Everyone caught wind of the spinning reels and yearned to pull the lever, too!  Thus, many other manufacturers begged for distribution rights, but were continued to be steadfastedly refused.

As a consequence, in 1907, Herbert Stephen Mills, (who possessed arcade game manufacturing experience) produced a similar machine to Fey’s. Mill’s Machine was named the “Operator’s Bell”.

It doesn’t end here as far as Mr. Fey’s ingenuity goes. In 1929, Charles Fey built America’s first silver dollar-operated slot machine.

By 1910, slot machines started to spring up everywhere.  With the steady growth of the lowly slot machine came corruption and racketeering, co-existing with legal machines and legitimate business persons.

Slot machines during the 1930’s had a routine payout percentage of 50 percent, when they weren’t tampered with or “bugged”.  This is how the famous legend of the “one-armed –bandit” came to be.

Two unsavory Midwestern bandits were unknowingly playing a “bugged” machine.  One of them complained after a series of losses:  “You sure don’t need to hold up anyone, not if you own a couple of machines like this.” The other retorted:  “Yeah……and this bandit has only one arm.”

SLOT MACHINES – TODAY’S WONDER

A row of "Wheel of Fortune" slot mac... 

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Fast-forward one-hundred twenty-five years from the gun-slinging American Old West and the glittering “Iron Case” slot machines and enter 2011 jaw-dropping theme casino.

Once again, (and maybe we never stopped)…..  We are still awed by this little machine.  We cannot seem to get to them fast enough.  We jet, we drive, and we hustle onto crowded buses.  Note that we are no longer carrying our coin bags, but a wallet full of regular bills, ready to feed our fun.

Little blue-haired, burly men and excited Baby Boomers fight for seats in the casino during crowded time periods.  There is no certain demographic that populates the Slot Arena.

Listening to the bells, whistles, shouts, and clamor, we can barely recognize the jazzy video wonders that have evolved, yet they provide the same thrill.

Now we go deeper into our fantasy as we collect extra “spins”, whoop at our jackpot of “credits” and enter the “bonus world”.  Video bonuses take you into a game, exclusive to the type of slot machine you are playing.  Certain spins land you in this coveted zone, and the fun really starts here.  So do the credits, as they rack up with each choice you make during your bonus round.

We sit in a comfortable chair, feeding in our Player’s Reward Card, and our money, dreaming of Megamillions and the sleek red car spinning on the top of our slot machines.

The Penny Slot is no longer the Penny Slot – Right now it has taken over in the casino to become one of the most popular machines.  It is, of course, electronic, and allows you to play MANY more “lines” than quarter or dollar machines without going broke.  What will the next decade bring us in slots?  Stay tuned…

 

 

Your Odds of Winning at Gambling

If you play the slot machines, your dream is to hit it big. You would just love to see the pictures line up and you hit the big jack pot. However, the chances of that actually happening are pretty slim. First of all, you need to realize that when you walk into a casino, the odds are already with the casino. The machines may look all shiny and inviting by they are programed to take your money eight-three to ninety-nine percent of the time, which means you lose.

Even if the slot machines that you are looking at look exactly the same, they are completely different machines. It is not the same as putting the quarter in one gum ball machine instead of the other. With any gum ball machine you will get a gum ball, with slot machines, you could be getting an entirely different machine. Machines are run by microchip that processes a series of random numbers even when the slot machine looks like it is not being played. These machines have billions of combinations, so the odds of you hitting the jackpot are pretty slim.

This processor that runs the machines is controlled to make sure that you lose a good percentage of the time. Therefore, when you are playing and you finally see those pictures stop in place, you are really seeing the will of the machine. You are seeing the machine give your money back to the casino. Before you even begin to play the outcome of your spin is already set in place. Therefore, it does not matter how long you have been sitting there, what matters is what the processor is thinking at that exact moment.

All this means that they way that you pick a machine has absolutely not basis in whether you will win or lose. If you are noticing that a machine has been played all day with no wins, that machine is not due for a win. It just means that the processor is coming up with combinations that are not a payoff.