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Slots History
An American invention, slots have since become very popular all around the
world. The most notable places include Europe, Africa, South America, Asia, and
the Caribbean. As a 29 year-old Mechanic, Charles Fey manufactured the first
reels for gaming in 1887, a heck of a long time ago. San Francisco was the town
to be in if you were a precognitive slots momma at the turn of century, and what
fun it would be to be there now. The first machines were manufactured by hand by
Fey himself and placed in the local gambling palaces on a 50% rental basis. So
in addition to being the inventor, Fey was also the first proprietor of the
machines. Somewhat surprisingly, and against some modern mythology, Fey's first
machine was not any more bulky or any more crude than modern day examples. Nor
did its reels carry the fruit symbols common today. The first slot machine was
actually called the Liberty Bell, how appropriate a name for the game that has
become a symbol of American culture and capitalism. The original symbols
included the standard playing card imagery we are all used to - hearts, diamonds
and spades- along with bells, horseshoes and a star. This original machine can
still be seen today in a collection at the Liberty Belle Saloon and Restaurant
in Reno Nevada, which is owned and operated by Fey's own lineage.
Presented in 1887 as a 'New Nickel Operated Machine', Charley
Fey, machinist and gamer, provided the world with what would become a
phenomenon. The San Francisco Chronicle described Fey's machine: "A machine
featuring 3 reels mostly hidden with Horseshoes, Spades, Diamonds, Hearts, Bells
symbols on reels. The device is operated by depositing a nickel in a slot to
release the handle, when the right combination of symbols stop in the window the
player is awarded coins ranging from 2, on 2 Horseshoes to 20 for 3 bells. Most
of those present agreed the machine should be a great success"
A great success it has been, without room from disagreement.
The movement of money is an interesting thing in and of itself. Just how much
money was fed into the machines in Nevada and the Caribbean to get to the $300
million yearly gross revenue? If we do a little basic math… working on the
average that 10 cents of each dollar deposited is retained by the player, then
$3 billion worth of pennies, nickels, dimes, quarters, ect move through the 50k
machines.
The details of the slot machines (not online) we're
discussing are necessary knowledge for anyone who wants to make this an
important part of their day. Essential, a cabinet housing contains three or more
narrow cylindrical drums, commonly called reels, which are marked with symbols.
Vertically disposed on a common axis, the reels are caused to revolve freely
when a player activates the machine and pulls a lever-like handle affixed in the
side of the cabinet. Payoffs are handled instantly, based on the horizontal
alignment of symbols after the reels come to rest. Umm, you get a line of bells
you win. Simple.
Nickel and quarter machines are by far the most popular, and
account for about 85% of reel action in any given year. This popularity is
followed by the dime boxes, then half dollar and silver dollar machines. You can
now find machines that accept $5 bills, and some rather large progressive
jackpot machines that take $100 bills!
The modern, deluxe, single coin one armed bandits with a nice
shiny chrome finish can run you as much as $1,700 to own for yourself. But even
if you're thinking of dropping that coin, check and make sure its legal to own a
slot machine in the state or country you live in.
You may be familiar with the name 'Big Bertha' when it comes
to the reels. This machine was designed to accept half dollar and dollars, and
to pay back about 80% of what it takes in. The box is made for the most part to
be a propaganda machine, catching customers imaginations and desires in one big
metal mental image.
Well
it worked, which is proofed by the appearance of the Super Big Bertha. This six
by ten foot super slot machine is said to have cost more than one hundred and
fifty thousand dollars to produce. A Five horsepower electric motor is needed to
power the twenty-inch wide chain driven wheels. With eight reels containing 20
symbols each, there are 25.6 billion different possible combinations. That's
right BILLION. Only one of which actually pays the 1 million dollar promised
prize. A little more basic math shows that with these odds, one individual would
have to put about 205 billion one dollar spins to work to mathematically hit the
million dollar prize. Not the best return on investment ever conceived, except
from the casinos point of view.
A long-standing record of $65,093 was won in one slots pull
on a one-dollar progressive at Harold's Club in Reno in 1973. Quite recently (in
2001) a woman won over $1,000,000 in an Ontario, Canada Casino. It's worth
noting the machine was a progressive that was $100 a pull.
In addition to being the biggest revenue producer, our
friendly one arm pals have also been the single biggest cause of police raids,
legal indictments, and courts decisions over all other forms of gambling
combined. Part of the problem is the manner of play. No other style of gambling
creates such a hypnotic fascination. The term zombie has been married to the
reels in American popular culture for years now. It's seen time and time again
that it is very difficult to resist the temptation to drop a coin when given the
opportunity. Even those who have a moral problem with the concept of gambling
have been shown to be affected by this phenomenon. The antecedents of this
common behavior are rather indefinable, but it can most likely be largely
attributed to two things, one just stated, the temptation to drop a coin with
hopes of a massively large payoff for an insignificant bet, and the other is
probably the mechanical attraction produced by the machines. The action of
placing a bet lets you see the light show, and watch the reels spin. There is a
larger level of excitement in reel players when they hit a jackpot than other
gamblers when they win large sums. The complications behind this phenomenon are
too complex to discuss here, but rely largely on the mental expectations and
experience of players in each style of high stakes gaming