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Earn Money Playing Slots...or not


Yay, what a life would that be - sitting behind the fancy slot machine, hitting buttons, sipping Bud Light and constantly cashing out big bucks, or coins. Sure, we know that casinos (even online casinos, yes) take their "edge" and earn hideous profits, but we don't think about it when we step into a local casino or log on to our favourite online casino.

There's always a constant battle between "us" (the players) and "them" (casino) and most of the time we're pretty equal, until the slot machine suddenly turns into a money-leeching demon and starts eating our cash. So, after losing again, you ended up reading this article that has a title which gives you some hope.

Not that I want to sound rude, but reconsider because you won't win your money back. Every bet you make equals giving your money away. Actually, there's only one way to gain a profit visiting a casino - that's when you sign up for a casino's club card and go visit the place once in a while. You won't play but always claim your "Club Member Bonus" free drink. After drinking it you should leave the place, but knowing you guys, that almost never happens.

For people who still believe that they can win with slot machines, I have listed some myths and rumors that aren't true. Believing in them brings you debts and misery.

Some people believe that a poorly paying slot machine is about to hit big, maybe even a jackpot, so it would be smart to keep on playing or even raise the bets::

Well, actually there's no difference if the machine has been paying poorly for a long time or not, because each spin is unique and totally random (IF, that is, you're playing at least Casino Control Commission or a GamblingRalf approved casino and the machine uses well-known software). There's different situations in land based casinos, because even if they claim that slot machines payout percentage is fixed and constant, it still happens sometimes. The payout percentage has been lowered to nonexistent and you can keep on playing and losing forever. There's also no such thing as "feeding the slot machine" (this equals losing your money in order to win it back later) or "milking it".

Talking on a cell phone when gambling drives high tech slot machines crazy and helps to win big...or not! Actually some cell phones damage digital slot machines (especially before GSM coverage, when NMT was a superhit), but I haven't heard any stories of players being able to cheat the casino with this trick and withdraw the money.

I know a few players who have had sudden $100,000 on their bankroll and weren't paid, because the computer chip made a mistake (probably caused by cell phone). Every bet and win has to be proved by a slot machine's previous winnings history, which is saved and constantly checked.

::Temperature of the coins affect slot machines and payout rates. Hot coin means more money!::

Another twisted fairytale. If you're already so credulous, don't visit casinos at all - you will gamble your brains off like that and go home crying. Computer chips have a RNG chip (Random Number Generator) that isn't affected by anything, even not by the coin you have stored and heated up between your buns.

We could continue this list, but I'd rather not do it because it all comes down to one thing - in the long run there's no way you can beat the slot machine and steal its edge. If winning was easy, there would be no casinos. There's no simple "How to Beat Slot Machine" tactic, only some simple rules that should be followed to keep your losings as low as possible.

Ralf Vinogradov is a part-time journalist in a newspaper and an editor and webmaster of gambling related website GamblingRalf.com, that introduces wackiest online casino bonuses. He also runs infamous newsletter called "Club Hundredaire".


MORE RESOURCES:

USA TODAY

Casino gambling revenue shows uptick nationally
USA TODAY
By Bill O'Driscoll, USA TODAY RENO – Casino gamblers bet more across the USA in 2011 than the year before, but industry reports show they were selective about where they plunked down their dollars. By Mike Hutmacher, AP Alissa Lott works the craps ...
Las Vegas Strip Casino Gambling Revenue Rises 5.1% in 2011BusinessWeek
Gaming tax hike sought as alternative to possible margin tax ballot measureFoxReno.com
Nevada Gold & Casinos Continues To Trend UpeStocksDaily

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Gaming Tax Hike Sought As Alternative To Possible Margin Tax Ballot Measure
Nevada News Bureau
Even at the proposed 9 percent rate on net casino gambling revenue above $250000 per calendar month, Nevada would have the lowest effective tax rate in the world, he said in a telephone interview today. Under current law, net casino gambling revenue in ...
Nevada Gold's Chief Executive Officer Invited to Speak on Florida's Casino ...MarketWatch (press release)

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Blackjack Champ

Mobile Casino Gambling Revolution From a Swedish Company
Blackjack Champ
Mobile casino gambling just got a little bit safer for companies with the advent of a new mobile gambling security verification solution service, developed by Swedish company ZignSec. ZignSec is a brand within the PayGround AB Group, based in Stockholm ...



Tampabay.com

Mega-casino gambling is dead – or is it?
MiamiHerald.com
By Fabiola Santiago The powerful forces conspiring to bring large-scale casino gambling to South Florida — legislators and special-interest groups who readily opened doors for Malaysian and Las Vegas bosses to set up shop in town, as if approval of ...
Florida casino gambling bill is dead for 2012Reuters
New bill would allow South Florida casinos, slots at dog tracksNaples Daily News
Florida Mega-Casino Bill Is WithdrawnNew York Times
NBC 6 Miami -Bizjournals.com
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Internet gambling bill to keep out Indian casino gambling
Deseret News
Sandstrom said measure is needed to keep Indian casino gambling from getting a toehold in Utah. "That's what this law, quite frankly, is really about," Sandstrom said. Utah and Hawaii are the only two states without any form of legalized gambling.

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Wall Street Journal

Florida and Casino Gambling -- Not While Disney's Here
Yahoo! Contributors Network
COMMENTARY | Another proposed casino gambling bill, this one promising 100000 new jobs in Florida's troubling economy, failed to pass its first hurdle Friday, Reuters reports. In order for this bill to move further in the Florida House of ...
Genting Worst KLCI Performer on Casino Delay: Kuala Lumpur MoverBusinessWeek
Indecision rouletteMiamiHerald.com
The casino change: What NH would becomeThe Union Leader
Business Times - Malaysia -Tbo.com -CBS Local
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In response to Gov. Cuomo's casino gambling proposal, local groups form ...
The Saratogian
“Any move toward full- scale casino gambling must include specific provisions that will continue the state's long-standing policy of using such revenues to support New York racing and agriculture,” New York Farm Bureau President Dean Norton said.
Odds Could Be Against Casino OpponentsCityLimits.org

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Lexington Herald Leader

Pro-gambling lawmaker releases client list
Bowling Green Daily News
A Kentucky lawmaker considering filing legislation calling for a constitutional amendment legalizing casino gambling has released the names of the firms he works for as a business consultant. Republican Sen. Damon Thayer of Georgetown identified his ...
Thayer, likely sponsor of gambling bill, details his marketing clientsLouisville Courier-Journal
Pro-casino lawmaker discloses his horse industry clientsLexington Herald Leader

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kypost.com

Kentucky casino gambling bill on hold, Beshear says
Louisville Courier-Journal
After saying earlier this week that his casino gambling bill would be introduced in a few days, Gov. Steve Beshear conceded Thursday that questions over legislative redistricting will delay it. “This whole place is mired down in redistricting right now ...
Gov. Steve Beshear, Senate President David Williams exchange barbs over casino ...The Republic
Beshear accuses Williams of trying to intimidate pro-casino senatorsLexington Herald Leader
The RP: Expanded gaming not a panacea, but is a gamble worth taking in KentuckyKyForward.com
WTVQ -WDRB
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USA TODAY

More states betting on casino gambling for jobs, revenue
USA TODAY
And if approved, the projects could pose a threat to Las Vegas, long the nation's mecca for casino gambling. •In Florida, a state Senate panel this month approved a bill that would pave the way for up to three casinos, including one possibly in Miami.
States consider rolling the diceUPI.com

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