Mines Games Pattern Slot machines have become an extremely popular gambling attraction and light up nearly every casino and online gambling site worldwide. This flashy gambling game combines low betting minimums with an enjoyable simplicity to meet any gambler’s fancy. Slots also offer a wide variety of game types. These unique characteristics separate slot machines from other gambling games as a classic casino pastime for all sorts of gamblers.
A variation of the slot machine appeared as early as 1887. Modern slot machines developed from this initial design and have since boomed throughout casinos and gambling sites everywhere. The traditional slot machine model was operated by a single lever located on its side. These machines are thus the source of the nickname “one-armed bandits.”
Slot Machine Payout
Slot machines are required to have a minimum payout percentage by law. The specific percentage may vary based on location, but most slot machines payout between 80-90%. Many slots even maintain a payout rate as high as 98%, as competition between slot machines has driven these percentages up. Online gambling sites can also uphold a higher payout percentage because they have a lower cost of operation.
Slot machine payouts vary based on the game type. Often specific symbol combinations correlate to specific payout rates. However, there are certain slot machines that feature a progressive jackpot. These jackpots grow each time the slot machine is played and the jackpot is not won. Progressive jackpots are discussed below.
Progressive jackpots are a highlight of linked slot machines. Progressive linked video slot machines offer the largest payouts. These slot machines can be linked across the floor of a casino or even across multiple casinos. Online gambling sites may also include these linked progressive slot machines. Linking slot machines together allows each slot machine in the group to contribute a small amount to the progressive jackpot. The payout from this jack pot is thus much larger than it would be from any single slot machine.
Progressive jackpots are much harder to win but the payouts are much more substantial. These linked jack pots can grow exceptionally large in online gambling sites. Depending on the volume of an online casino, online video slots at these gambling sites can reach huge progressive jackpots- sometimes multi-million dollars.