Most amateur gamblers believe that if a slot machine hits the jackpot, then it immediately goes ‘cold’. They also believe the opposite is true; if a machine runs cold for hours, then it’s ‘due’ for a big payoff. But if you look inside modern slot machines, you learn the cold hard truth. Every single pull of the lever has equal odds of winning, and those odds are steep.
Since the earliest mechanical slot machines, gaming manufacturers have weighted the machines to tweak the odds. If you look closely at the reels of old machines, you’ll find many more blanks and low-scoring symbols than pots of gold, especially on the third or final reel. This creates the famous ‘near miss’ effect.
Modern slots have replaced the gears, cranks and stoppers with precision step motors and random number generators (RNG). When you pull the crank on a modern slot, a built-in RNG selects three numbers between one and 64. Each number corresponds to one of 22 spots on the three reels. The trick is that half of the numbers between one and 64 correspond to blank spots and only one random number matches the jackpot symbol. The odds of nailing the jackpot are 1/64 x 1/64 x 1/64 or one in 262,144.
The lever is just for show. Three internal step motors spin each reel and stop them precisely at the positions chosen by the RNG. Still feeling lucky?
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Return vs payback
There is no such thing as a ‘loose’ or ‘tight’ slot machine. In modern casinos, slot machines are programmed to deliver a precise return percentage, somewhere around 95 per cent. That means 95 per cent of the money that goes into a slot machine is paid back out to the players and the casino keeps the rest.
But here’s where things get tricky. The return percentage is not the same as the payback, which is the actual amount of money you win or lose during each gambling session at a slot machine. If you sat down at a slot machine for eternity and pulled the lever an infinite amount of times, your payback percentage would be exactly 95 per cent. Likewise, in a casino full of gamblers, the collective machines will pay back roughly 95 per cent of the total money gambled during the course of a day.
But here’s where things get tricky. The return percentage is not the same as the payback, which is the actual amount of money you win or lose during each gambling session at a slot machine. If you sat down at a slot machine for eternity and pulled the lever an infinite amount of times, your payback percentage would be exactly 95 per cent. Likewise, in a casino full of gamblers, the collective machines will pay back roughly 95 per cent of the total money gambled during the course of a day.
Unfortunately, you are only one person and you don’t have infinite pulls. So your odds of winning are equally good or bad every pull. You could lose all day and that doesn’t mean the machine is rigged. And it doesn’t mean that the guy who wins the jackpot found the ‘loose’ machine. He just got very, very lucky.
Top 5 Facts: Gambling stats
1) Big jackpot, big odds
The odds of winning the jackpot on a ‘progressive’ slot machine like Megabucks is one in 50 million, although if you are that one you’re likely to become very rich.
2) ‘Easy’ money
68 per cent of people who gamble at Las Vegas play the slot machines most often. And there’s a large target market as nearly 90 per cent of visitors to Las Vegas gamble.
3) The house wins
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In the United States, gaming was a $92 billion industry in 2007, double what it was a decade ago. And in the UK, there were 143 casinos as of 31 March 2009.
4) United States of Slots
Even though Nevada is widely considered the gambling state, there are 37 US states with some form of legalised electronic gaming device like slot machines or video poker.
5) Vegas’ most wanted
The Nevada Gaming Commission maintains a list of 35 people who are not allowed in any casino or gambling establishment. Only one of them is a woman.
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Roulette is one of the most popular wheel-based game which attracts millions of players across the world. It has been around for many decades and perhaps even for more than hundred years.
It started in France and even today French Roulette is quite famous. However, it has not remained restricted to France alone and has moved to the entire European Union. It also has gone overseas, and it is common to come across American Roulette, Russian Roulette and even Caribbean Roulette.
Therefore, today Roulette is one of the most widely played online casino game. The gambling on this game could run into perhaps millions of dollars. The game has evolved and developed over the years.
For many decades now, many thousands of people play what is known as 1p roulette. Hence, it would be interesting to know something about it and identify a few online service providers who offer this cheap and low-priced offer to their customers.
What Is Roulette?
Roulette is a French name and the meaning of the word is little wheel. The players are given the chance of placing bets either on single numbers or a range of numbers.
Additionally, they also can place bets on black and red colors. They also have the liberty of placing bets on odd numbers, high number ranging from 19 to 36 and low numbers ranging from 1 to 18.
If the roulette ball stops in the number you have chosen or in any range of number you have chosen, or the colors you have chosen, you get to win exciting prizes. It is a game of fortune but there certainly is the theory of probability which could work in favor of the players.
The players can bet money depending on their capacity and risk appetite. There are also 1p roulette bets which could help you to win some decent money without having to burn a big hole in your pocket or exposing your bankroll to uncomfortable levels.
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Today, there are many online casinos which offer this facility to player. We will look at a few of them after having some basic idea about this form of low cost 1p roulette casino bets.
What Is 1p Roulette All About?
Put in simple words when you stake on the roulette numbers using 1 penny, you are staking a very low amount. While your risk could be very low, you also must be aware of the kind of returns you could expect. The bigger the stake, it is quite likely that the bigger will be the win.
On the flip side, the more you bet, the higher are your risks of losing big money. Hence, you must know the ways and means by which you can maximize your returns by staking as little an amount as possible.
This would call for identifying a few good sites which offer quality 1 pence roulette betting options. We will have a look at a few of them over the next few lines.
Sky Vegas
Sky Vegas is one of the best options when it comes playing 1p roulette online. They have quite a few variants and options to offer to their customers.
If you look at their website, you will be able to know that they offer customers the chance to bet 2p and move up to 36p and there are nine options available. It may not be possible to talk about all the nine options in detail. We will try and have a look at 2p and 36p.
The former is referred to as Even Money Bet. It is about betting on the ball landing on a single number from one half of the roulette table. You could choose odd or even numbers, red or black or big or small numbers. You have a 1payout.
The 36p betting is referred to as straight up bet. It also is referred to as a single number bet. It is simple as rightly predicting the number from 1 to 36 on which the ball will land. You have a 35:1 odd in your favor. In other words, if you bet 36 P you will win 35 times more than what you have betted.
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This also is quite popular for all those who are looking for some decent returns without having to put in too many risks. You can bet with a small amount of £ 0.50 and aspire to high almost 15 times that amount.
Further, they also have the best of free bets and signup offers which can be converted into low cost betting options. Though they do not have the variety which Sky Vegas offers, they are still considered quite popular.
Casino Cruise
There is no doubt that Casino Cruise is one of the better-known names when it comes to offering quality 1 pence roulette betting options. They have several options ranging from 1 penny and it could as high as £10000. So, it well and truly offers a wide range of low cost and high cost roulette betting options.
You should pay a visit to their website and only then you will be able to get a clear idea about the kind of options which they offer for those who are comfortable betting on pennies rather than on pound sterling and other high denomination currencies.
Conclusion
The above is just a few of the many options which you can choose if you are uncomfortable when parting large amount for playing roulette.
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However, before even parting with your single penny, you must do decent research and be sure that you are betting with the right outlet. They must have a good track record and they must have the wherewithal to ensure that they are able to offer the best possible services to the customers.
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They should have the facilities to accept bets in 1 penny and must also have the facility to transferring small win amount which could in many cases be a few pounds or even less.