7 Biggest Online Slot Machine Myths Slot Machines Have Hot and Cold Streaks. This is by no means true. Yes, online slot machines can have hot streaks,. If a Machine Hasn’t Paid Out For a While, It’s Just About To Do It. This one is quite similar to the one above. Slot Who Paid Out. Published on Jan 25, 2017. The Myths & Legends slot machine by Everi is a fun slot in a larger cabinet! And this larger cabinet comes into play during the game: randomly a dragon will appear to.
There is a theory out there, which you can read in a variety of books on slot machines, which purports that the time at which you hit the ‘spin’ button determines the exact payout of each spin result. Basically if you hit now you will get a result whilst if you hit a second later, or 10 seconds later, you will obtain a different spin result. This is difficult to prove, of course, but it’s true that some players try to hit the spin button at different times (avoiding a ‘rhythm’). We do it a couple of times if the machine does not seem to pay, before leaving the machine altogether. But more important points are these:
TOTALLY RANDOM SPINS?
Many want us to believe that it’s all random, that the odds are always the same and that it makes no difference when the last jackpot was hit or how much the game paid out in the last hour, day, week, or any period of time; but the reality of experience, of years and years of playing slots, and that of common sense, is that it cannot be that way. Moreover, the ‘facts’ that follow in the paragraphs below are further evidence of this being the case. Let’s think about it for one minute: if you could win a jackpot or a high-paying combination of lines every day or every hour from a machine, ‘randomly’, the casino would not make its profit. So there has to be a ‘system’ that guarantees that over the days, weeks and months a particular slot machine pays the players less than 100 per cent, and that the ‘residual’ amount go to the casino . So, given the above, each spin from a slot machine is not totally random. It cannot be. Random means that you could theoretically win a huge amount of money all the time, or 10 times in a row, which is not the case.
CYCLES AND SLOTS
There are rumors that slot machines go through cycles which are identical and repeat themselves. That cannot be true, otherwise someone could study a cycle and play when it’s programmed to pay ‘big’. But there seem to be ‘waves’ of low payouts and higher payouts.
RANDOM SPINS
Caesars slot spin casino game. Are spins random, totally, all the time, independently of what was ‘paid out’ before? The answer is in paragraph 1.
MACHINES PAYING MORE OR LESS DEPENDING ON WHETHER THE PLAYERS CARD IS INSERTED?
Some players think that if you don’t insert your players card the slot machine will pay more. This does not seem to be the case at all from years of playing experience in Vegas.
CHANGING THE ODDS REMOTELY AT THE TOUCH OF A BUTTON?
Yes, theoretically this can be possible, since the experimental “server-based slots” can be serviced centrally. The regulations in place in Nevada, namely that a machine cannot be altered remotely unless it has been idle for at least four minutes, well all it does (in our opinion) is prevent a player from having odds changed whilst playing, assuming he/she plays continuously; but that’s it. During such a change, the slot game would moreover display a notice that it is being serviced. The rest of the slot machines still need to be changed manually, with someone physically opening the machines and change the computer chip.
LOCATIONS OF SLOT MACHINES AND CHANGE IN ODDS
There seems to be some effort taken at preventing people from thinking that all machines pay equally. In our experience, this is not the case. In our experience, of years and years of playing slot machines in big Vegas casinos, certain machines are placed in strategic high traffic areas, such as bigger machines, those with loud and ‘fun’ bonuses, etc etc. Whether location also affects the odds remains undetermined, especially lately, whilst it seemed to be more the case in the past years. Having said this we could write a list of slot machines which pay ‘more often’ than others, much tighter machines, placed right next to them, in specific casinos. But we cannot specify here which ones and which casinos, obviously.
SLOW DAYS AND LOOSER SLOTS
in some casinos (generally not in Vegas) there seems to be a correlation, with slot machines being ‘tighter’ during high-traffic times when everybody is happy and merry. HOWEVER, we have not found it to be the case in Vegas casinos, through our years of playing.
CAPTIVE AUDIENCE SLOTS
(such as airports) Are they looser or tighter? No, not in our experience. We win big at Las Vegas airport slots often enough, more so than at Vegas Casinos. Despite what some ‘experts’ books’ write, McCarran airport has always appeared to have ‘looser’ slots; in our opinion, this also makes sense logistically. However, the only downside of playing at McCarran airport would be that a player cannot simply cash one’s voucher through a machine and then go to another machine, but needs to ask the help of an attendant instead. Hopefully this will change soon.
IRS (U.S. TAX) Reporting
if you win $1,200 or more this will be reported to the IRS. However, your annual win/loss statements, which casinos keep (and that you can access easily, sometimes directly from your players card account online) may be used as evidence to offset any jackpot wins.
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SLOT MACHINE MYTHS
Slot Machine Facts And Myths
Most people fail to understand the way slots work, this has led to an increase in the number of slot machine myths. With plenty of people giving advice on when to use slots and when to avoid them. There isn’t much truth in any of these myths. Here are the most popular myths:
Advice: You should move machines after a jackpot – because there won’t be a jackpot for some time.
Slot Machine Myths
This is a good idea in regards to making money whilst playing slots, as locking in your profits is key to making money with gambling. However, the odds of the machines don’t change after a jackpot. The odds for the jackpot hitting on any pull are always the same. Therefore, it is just as likely that you will on your next pull. Single hand blackjack. Please be aware that this is still very unlikely.
Playing slots on a machine that hasn’t paid out in a while increase change of a jackpot
Contrary to popular belief… Slot machines are never “due.” Continuously playing when losing doesn’t increase your chances. Therefore, chasing lost money is never advisable under any circumstance.
Casino operators are smart and place higher payout machines by the aisles. This has become a common belief that end slot machines get a good deal.
Disclaimer: Not all machines in a casino are programmed with the same payback percentage. And some casinos want customers to see people winning. However, the slot placement has more complexity than just the best performing slots being located on the aisles.
Casinos change the payback percentage when the casino has more people in it and demand is greater.
Slot Machine Truths And Myths
Changing a machine’s programming is not easy. And changing the programmed payback percentage would need you to open the machine and replace its computer chip.