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

Do You Believe These Four Online Slot Machine Myths?


The fact that people don't really understand how online slot machines work in terms of the Random Number Generator RNG used, has led to several myths that players believe in. Here are four of the most common.

1. Someone hit a jackpot on the machine you just left; you would have gotten that jackpot if you kept playing

The RNG in all online slot machines is calculating numbers when the machine is and is not being played, it never stops. When you press play, the RNG picks the combination at that exact given time. If you had continued playing the slot machine, it is unlikely that you would have stopped the RNG at the exact microsecond to display that exact same combination of numbers, as the person who won. Both you and the other player would have effectively had to hit play at the exact same time that's within 1/1000 of a second. The odds of this exact play at the exact same time for both players are highly unlikely. In conclusion, don't feel bad about the player who hit the jackpot after you, it was pure lady luck as they say and nothing more!

2. You can tell the odds of winning by counting the symbols on each wheel

The RNG generates a number for each spin. The number corresponds to the symbols on the Reel. There can be hundreds of Virtual stops on each reel even though you see far fewer symbols. Being able to generate millions of combinations is the reason that online slot machines can offer such large payouts, as the chances of hitting jackpots are rare. You may see 15 reels and calculate the odds as 15 x 15 x 15 1:3,375. However, what you don't see are the virtual stops, and this could be a 100 or more per reel! At 100 per reel, it would be 100 x 100 x 100, or odds of 1:1,000,000. Ever wondered how they finance those million pound payouts? Now you know!

3. Casinos Can Change Percentage Payouts

No, they can't! Online slot machines have payouts determined by the computer chip in them that determines the pay back percentage. These are preset and can't be changed. In order for a casino to change the payback, they would have to change the chip and there are rules and regulations set by online gaming regulators to prevent this. Anyway why bother, the house edge is their profit, and most casinos are more than happy with that! Check the payback before playing, and ensure you do have the best payback before you play. Only online slot machines with payouts of 95% or higher should be played.

4. Online Slot Machines That Have Not Paid Out For While - The Jackpot Is Next!

Each spin of any online slot machine is random and is unrelated to the previous spin. The length of time a slot is played without winning has no influence on its readiness to pay. Any slot can go months or years without paying its top jackpot. It maintains the programmed payoff percentage simply by paying smaller wins.

The above misconceptions are common and as you can see from knowing how the RNG works, it is lady luck that determines the huge jackpot payback as far as the player is concerned.

To read more original slot machine strategy articles visit the Slot Strategies web site:http://www.slot-strategies.com/slot-articles-sitemap.html


MORE RESOURCES:

Casino gambling can work in Florida
Sun-Sentinel
What rock is he living under? We already have gambling, which includes casinos, and as far as I can see, they only add to the allure of coming to Florida. Unfortunately, casino gambling is limited to land owned by Native Americans, so there is no ...



The Future of Casino Gambling in Iowa
Iowa Public Television
And Mr. Goss has co-authored a book entitled "Governing Fortune: Casino Gambling in America". Gentlemen, welcome to Iowa Press. Thank you. Good to be here. Borg: And across the table, Des Moines Register Political Writer Kathie Obradovich and Radio ...



Boston Globe

Future of casino gambling in SE Mass. the topic at Gaming Commission meeting ...
The Patriot Ledger
... he runs Boston Marathon Monday ... Man exposes self in Norwell parking lot ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ... Future of casino gambling in SE Mass. the topic at Gaming Commission meeting today ...
Gaming Commission alters SE Mass. casino investment threshold, delays other ...Wicked Local Bridgewater
Anti-casino advocate: MGM's license request reflects lack of confidence in ...MassLive.com
UMass Reseachers Gather Data on Gambling's Impact in Massachusettsabc40
Washington Examiner -Wicked Local Taunton
all 125 news articles »


Casino gambling in Florida
Sun-Sentinel
Oops…the big international gambling conglomerates rolled snake eyes this session. It looks like they'll have to contol their appetites for another year while our Legislature gets its act together. Vegas-style gambling will undoubtedly rear its head ...



What's it take to apply for a NY casino gambling license: money and an ...
Albany Business Review
The state is imposing a tough, thorough and, officials say, transparent vetting process for awarding up to four licenses upstate, including at least one in the Albany/Saratoga region. The rules are understandable considering the lucrative nature of the ...



VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to ...
Pacific News Center
VIDEO: No Applicants for Saipan Casino Gambling License, Yet; Deadline to Apply is Monday · Print E-mail. Last Updated on Thursday, 17 April 2014 17:52 Written by PNC Saipan Correspondent Mark Rabago Thursday, 17 April 2014 17:24. Guam News ...

and more »


New Hampshire Business Review

Lure of casino gambling remains fool's gold
New Hampshire Business Review
Far from addressing our long-term fiscal challenges, the adverse financial, social and regulatory consequences of casino gambling would merely exacerbate them. Anybody with even a basic knowledge of finance or the casino industry knows that gambling is ...

and more »


SFGate

Indian casino gambling revenue growth is slowing, report says
Los Angeles Times
The economy may have dug itself out of the worst recession in a generation, but gamblers apparently are still reluctant to put their money at risk in U.S. Indian casinos. Gambling revenue at tribal casinos slowed in 2012, growing at a slower pace than ...
Alabama Indian casino gambling growth slowsTimes Daily
Report: Oklahoma tribal gambling revenue risesNative Times

all 307 news articles »


Philly.com

More states find bets on casino gambling aren't paying off as hoped
Crain's Cleveland Business (blog)
Thirty-nine states have casino gambling of some kind, up from only two in 1988, and more Las Vegas-style resorts are on the way in New York, Pennsylvania, Massachusetts, and Maryland, the news service reports. “They have saturation problems,” says ...
Local Casinos Are a Losing BetBusinessweek
Revenue growth slowing at Indian casinosFall River Herald News

all 50 news articles »


SFGate

Capital Beat: Reading the tea leaves on casino gambling (and more)
Concord Monitor
When a bill legalizing a single casino lost by 29 votes in the New Hampshire House two weeks ago, Steve Duprey, a leading anti-casino voice, called the vote a “silver stake” in the heart of casino proposals – a final defeat in a 16-year battle to bring ...
What dooms casinos: It's not the fine printThe Union Leader

all 378 news articles »

Google News


Advertisement



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

Copyright 2006 Luminati Inc. All rights reserved.