The History Of Slots And How To Play The Game
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