When you picture a casino in your head, you imagine lush poker tables, stylish roulette wheels, and the majority of the floor space packed with slot machines. Your vision is quite right, even in casino earning percentages. In fact, the humble slot machine makes up 70-80% of the today’s casino earnings which represents quite an increase when compared to the 50% rate of the 1970’s.
The first slot machine comparable to today’s version was invented in the late 19th century by Liberty Bell. It had three reels with ten different symbols and paid out once in every 1’000 spins. That’s a rather poor payout rate and the way casinos and slot machine manufacturers calculate payouts has become extremely sophisticated. Today’s slot machines collect player data in such great detail that the machine can virtually predict the player’s behavior and adjust to each and every player’s whim,just to keep him/her spinning.
Let’s take a look at some of the elements that keep you hooked on slot machines.
Spin / Win Rates
The 1 win per 1’000 spin has shot up considerably. While slot machine enthusiasts could traditionally expect a payout in 3% of spins, connaisseurs have noted a sharp increase. Today’s slot machines are believed to pay out on 45% of spins. You might scratch your head and wonder how casinos are making money on slots at all, however, clever psychology lies at the root of this lush payout rate. To prevent players from getting frustrated and walking away, slot machine manufacturers are instead keeping players hooked with rather frequent payouts.
Themed Slot Machines – The Marriage of Pop Culture and Slot Machines
Traditionally, slot machines, in Britain often lovingly referred to as fruit machines, featured cherries, bananas, 7s, pineapples, and a whole bowl of other colorful goodies. In 1997, the clever heads at International Game Technology devised a new type of slot machine by introducing pop culture themed reels. The entire machine is themed and features one of many popular movies, bands, or TV shows.
The “Wheel of Fortune” slot machine proved so popular that it started an entirely new trend in slot machine design. This was an incredibly smart move by slot machine manufacturers, as younger players traditionally not drawn to slot machines, were suddenly captured by the familiar themes, and sure enough, couldn’t resist the temptation and started spinning.
Pop Culture Slot Machine Dominate Online Spinning
Today, you don’t even have to visit your local casino and can simply choose your favorite themed online slot game in the comfort of your own homes. There are literally thousands to choose from and playing has never been easier. You can play Rocky at bet365 or choose from a countless number of websites, all providing you with the option of playing a wide variety of pop culture themed slot games.
The demographics of the slot machine player group has drastically changed, with many young players taking up this popular pastime. As for slot machine designers, well, they have been applying the cleverest design strategies to keep you hooked. The games are ultra-modern, provide a captivating gaming experience, feature theme-related music, keep you playing with bonuses and special features, and pay out hefty sums.
Small Investments and Bonuses
Gambling sites will do everything to draw you in. You can start off, playing with a small investment, and on most sites, you will be offered free spins. Casino revenue stats indicate earnings from thousands of small stake players make up the bulk of casino revenue, so it’s hardly surprising, how much effort they put into getting you involved.