Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

The Slot Machine


The very first slot machine (called 'Liberty Bell') was created by a man called Charles Fay from his workshop in San Francisco in 1887. Slightly smaller than today's average slot machines, Liberty Bell contained 3 reels and 20 symbols and operated pretty much in the same way as today's slot machines. Within a relatively short period of time, Fay's creation became so popular and successful that he began to work overtime in his workshop to meet the demand for his slot machines. Capitalizing on their success, Fay rented the machines to gambling establishments at a 50% commission rate, refusing to sell the manufacturing and distribution rights of his slot machines to gambling manufacturers.

In 1907, Herbert Mills, a Chicago manufacturer created 'Operator Bell', a slot machine similar to 'Liberty Bell' in design. Produced and distributed at a greater rate than Fay's 'Liberty Bell', the 'Operator Bell' slot machines experienced even greater success and by 1910, slot machines were very common in the United States of America. As soon as slot machines had reached a new peak in popularity and became common throughout the USA, new laws were introduced and passed to ban slot machines. In spite of this, slot machines continued to be popular throught America during the 1920s and 1930s. During the late 1940's, Bugsy, a well known gangster, added slot machines to his Flamingo Hilton hotel in Las Vegas where the profit from slot machines eventually exceeded that of table games.

The objective of the slot machine is to try and spin a winning combination of symbols on the payline.

There are basically two types of slots.

Straight Slots: A Straight slots jackpot will remain at a set amount of money until it is won, after which it resets and starts over again at that same amount. For example, a straight jackpot may be set at $20,000 and will remain at $20,000 until it is won, no matter how many coins are deposited into the slot machine.

Progressive Slots: On the other hand, the amount of money that may be won playing progressive slots is determined by the amount of money deposited into the machine. Thus the progressive jackpot continuosly increases with each player until it is won.

To play straight or progressive slots, the player deposits a coin or set of coins into the slot machine and selects the number of coins to bet per spin. The player may then either press the 'Spin' button or pull the arm of the slot machine to spin the reels. Once the reels stop spinning, the player will either win or lose that spin. Whether the player wins or loses, he may 'Cash Out' his share of money from the machine or continue to play.

Today, slot machines are amongst the most popular games found in casinos, accounting for over 30% of casino profit. This is due to a number of reasons.

(1) Slot machines are very easy to play and require no real test of skill or knowledge. A player simply deposits coins into the machine and presses a button. Once the reels stop spinning, the machine will alert the player if the winning combination is struck or not.

(2) There is no pressure to play against or interact with other players as one may do in games such as Roulette, Blackjack, Baccarat and Poker.

(3) There is no risk of someone trying to cheat during the game or of the dealer making an honest mistake during a bet.

(4) There is no time frame for one to make the next move. A slot machine may be played at one's own pace without the player feeling the need to hurry because someone else is waiting for his/her turn.

(5) The game is played with real money and not casino chips. This makes the game much more exciting in the sense that the player has the opportunity to gamble with real currency.

(6) The payout is instant and can sometimes run into the thousands of dollars, especially if one is playing progressive slots.

For these set of reasons, the slot machine is currently one of the most popular games found in a casino.

Adel Awwad is the webmaster of Free Casino Cash Guide.


MORE RESOURCES:

LegalUSPokerSites.com

Progressive Slots Network Links New Jersey and Nevada Casino Gambling
LegalUSPokerSites.com
The states of Nevada and New Jersey launched the beginnings of a multi-state progressive jackpot network this week. The two states introduced of a cooperative progressive slots network, linking Las Vegas with Atlantic City slots. The multi-state ...
Nearly A Third Of The Casino Floor Space In Atlantic City Will Be Inactive By ...CardPlayer.com

all 41 news articles »


New York Times

The Crowded Market for Casino Gambling
New York Times
More than half the population in the Northeast now lives within 25 miles of a casino featuring video lotteries, table games or slot machines, up from about 10 percent a decade ago. As the market grows crowded, many older casinos are declining or going ...
As Casino Business Softens, Atlantic City Promoting Its Non-Gambling ...CBS Local
Lawmakers to consider changing laws to allow casinos outside of Atlantic CityNews 12 New Jersey
Closing of Revel Casino Deals Another Blow to Atlantic CityWall Street Journal
NJ.com -Businessweek
all 480 news articles »


Casino gambling: Any hope has faded
Foster's Daily Democrat
During a recent editorial board meeting, Gov. Maggie Hassan pooh-poohed the notion that the casino industry is in decline and therefore it is a bad bet for New Hampshire to expand casino gambling. The governor brushed aside our challenge by saying she ...



Alabama attorney general candidates trade jabs over casino gambling
The Republic
ORANGE BEACH, Alabama — The Democratic challenger to Attorney General Luther Strange accuses him of being an absentee officeholder more interested in cracking down on bingo than violent crime. Strange says his opponent, Democrat Joe Hubbard, ...

and more »


New Jersey Law Journal

Poll finds majority of New Jersey residents still oppose casino gambling ...
Press of Atlantic City
A majority of state residents continue to oppose expanding casino gambling outside of Atlantic City, according to a new poll, although residents are essentially split on adding casinos to the Meadowlands or Monmouth Park.
Garden State majority opposed to casinos outside Atlantic CityNJ TODAY
Poll: Half in NJ oppose gambling beyond Atlantic CityBurlington County Times
Poll: N.J. residents split on gambling outside Atlantic CityPhilly.com
The Star-Ledger -WABC-TV
all 138 news articles »


Chalkbeat Colorado

Ballot measure to allow casino gambling at racetracks gets green light
The Denver Post
A measure proposing to legalize casino gambling at the Arapahoe Park racetrack in Aurora received the green light Monday from Colorado Secretary of State Scott Gessler to appear on the November ballot. Based on a random sample of the 136,800 ...
Initiative #135 would legalize casinos at racetracks: Yea or neigh?Westword (blog)

all 8 news articles »


Investing in Casino Gambling
Wealth Daily
Anyone who has spent any amount of time at a casino — whether a brick-and-mortar locality or an online gaming site — knows that the odds always favor the house. After all, gaming companies wouldn't be in business for long if they didn't retain an ...

and more »


Dog racing, once doomed and propped up by casino gambling, comes to ...
al.com
MIAMI, Florida -- A mural-sized photograph at Flagler Dog Track celebrates the good old days, decades gone: Men and women in their finest clothes lean against the fence to catch a glimpse of the greyhounds, the stands emblazoned with red, white and ...



Casino gambling in Myrtle Beach unlikely, SC politicians say
The State
MYRTLE BEACH — Every few years, you can bet on hearing the renewed debate about casinos possibly coming to the Grand Strand. Those who support casinos say that the facilities would boost tourism to those who are looking to gamble while opponents ...

and more »


News 12 New Jersey

Racetracks push for casino gambling in plan to bring new life to racing
News 12 New Jersey
State horse racing operators are pushing for casino gambling to come to the racetracks, giving gamblers more ways to place bets. (7/29/14). EAST RUTHERFORD - State horse racing operators are pushing for casino gambling to come to the racetracks, giving ...


Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright 2006 Luminati Inc. All rights reserved.