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How Casinos Make Money Via Slot Machines

2019-11-07

How Casinos Make Money Via Slot Machines

With the gambling culture taking deeper roots among people, it’s not surprising to experience an upsurge in casinos. Each casino tries to offer a variety of games with promises of massive payouts to successful gamblers. Some of the casino games on offer include slot machines, roulette, blackjack, craps, and keno.

Most of the casinos have gone out of their way to include luxurious seats, colorful lighting, and free drinks. These are done in the hope of attracting and retaining players. Despite these outrageous expenditures, most casinos rake in more money yearly. A primary earner for casinos is the slot machine.

How Slots Work

Due to their simplicity, slots are prevalent among gamblers. A common feature on most slots is a reel. Reels are images that spin in front of the slot machine. A player has to lineup these symbols correctly for them to win. The more difficult it is to match these symbols, the higher the payout.

However, there is a lot more to slot machines. They are equipped with a random number generator that determines the overall outcome of the games. Complicated computer algorithms do generate these random digits making winning extremely difficult. Gamblers, however, seem not to be deterred. Here is how casinos profit massively from slot machines.

The Jackpot illusion

Many casinos spend heavily on advertising appealing slot jackpots to eventual winners. The goal is to trap gamblers. Jackpot winnings are very scarce. If a wager doubles his initial amount, the chances are that they won’t cash out. The ultimate goal is to keep playing until he gets the largest payout.

House Edge

Each casino holds a statistical advantage in each game it offers. There is a certain percentage of a gambler’s bet that the slot machine retains. A casino with several machines is likely to rake in a lot of profit. The low Return to player (RTP) rates offered by slot machines works against gamblers.

Modern Slot Machines

Unlike the traditional slots that featured a 3-reel 1-line slot, the modern machine has a 5-reel video slot with over 25 winning lines. The main aspect of these modern slots is that a loss can be disguised as a win. This aspect, combined with a myriad of features, is meant to complicate outcomes.

The Par Sheet

The par sheet determines the odds of each game. Modern slot machines are incorporated with these sheets. The sheet establishes the weightings for each halt on the reel. It enables a gambler to know the odds and edge of the slot machine he is using. However, most casinos hide these sheets.

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