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Good reputation for Slots
Slots are among the most popular types of gambling on the planet. In most casinos in Las Vegas for example, slot machines constitute around 70% of their total income. Progressive jackpot prizes alone including cars and billion dollar prizes also makes them one of the greatest attractions for patrons in the casinos.
When Were Slot Machines Invented?
The first slot machine game was invented in 1887 by Charles Fey in Bay area, California. Like many inventions, it had been created as a means of making a gambling machine for poker that was able to make automatic payouts. Because machine poker at the time contained an endless list of hands (e.g. full house, flush, two pair, straight) it was impossible to create automatic payouts.
In 1887 however, Fey invented a modern day machine which was far more simplistic in design. Rather than pay out money for every hand that the patron was dealt, it used 3 spinning reels each with 5 symbols to ensure that when specific symbols aligned on the pay line the jackpot was paid. The simplicity in addition to the higher prizes of slot machines made them ever more popular in america and beyond.
The very first slot gambling machine that Fey invented, known as the "Liberty Bell", paid out 10 nickels when players won three liberty bells consecutively. This was the top prize around the machine.
Because the classic 3-reel games became more popular, other manufacturers began creating their very own versions.In 1907, Herbert Mils in Chicago produced one called "Operator Bell". Many of these were soon install in saloons, bars, bowling alleys and stores over the US. In 1891, Sittman and Pitt produced a slot machine which contained 5 drums having a total of fifty card faces. This was according to poker (i.e. slot poker) together with proved very popular.
Present day Slots
The largest trouble with traditional, mechanised slots was that the payouts were limited due to how easily the prizes might be one. On the classic 3-reel machine with 10 symbols on each reel, for instance, the chances of winning the very best prize was 1/1000. This strictly limited the jackpot prize given that they would be won all too often by players.
This problem was overcome in 1963 however, if the first fully electromechanical machine called "Money Honey" was made. From now on, the machines could include "weighted symbols" and special microprocessors which limited how often winning symbols would align on the pay line. This reduced the prospect of winning pay lines and allowed the vendors and casinos to massively boost the jackpots while increasing their profits.