10 Common Myths about Slot
Many people associate the word myth with ancient tales of gods and heroes and when it comes to gambling, it also has its fair share of myths and legends. Here are the 10 Common Myths about Slot.
This section will focus on some of the most persistent or popular slots myths. We will also validate their credibility to make your life easier.
1. Loose slots, at land-based casinos, are always placed by the doors and high traffic areas to gain more customers.
There have been many third-party studies conducted about the placement of slot machines and there has been no proof that casinos indulge in this kind is practice. Resorting to such tricks would be a complete waste of time as people are already coming to the casino
2. There are higher chances of winning on a lot machine by pulling the lever against pressing the spin button.
This is also not true as most slots no longer have a lever on their side. The ones that do have no advantage over the player who opts for it over the spin button. By RNG, all the winning combinations are being produced hence, it does not matter what method you decide to use.
3. The tightness or looseness of a slot machine is differentiated by day of the week or hour of the day.
This is a myth as well because to ensure repeat business casinos must find an equilibrium between making money and paying a specific amount to the players. They would notice a convenient drop-off in their business if they are to somehow tighten up their slots during the rush hours of their days and weeks. Also, magically managing to adjust all the machines on the casino floor could not be done unless someone is superhuman.
4. Employees have the inside scoop on the loose slots in a land-based casino.
This isn’t true either as the ideal cocktail waitress has no idea about the payout percentage of the slots. There have been instances where customers offer employees a bribe of their winnings if they lead them to the loose machines, however, we would never advise this. Not only you won’t get any answers from that, but some might also still have their way in the hopes that you will win and bribe them for the profits they made.
5. The potential payout of a slot is reduced if you use a player card.
Do not let this myth get you gambling even more risks. The player card aims to keep a record of player spending for the aim of rewarding complementary elements like meals and show tickets. The casino would declare these items as useless if slots tightened up when club cards were used and they would send comp hunters to the competition.
6. It is probably due to a hit if a slot machine hasn’t paid out a big win in a while. A slot that just declared a winner is going to be unlucky for the player for a while.
The RNG of a slot machine makes sure that every spin is individual of the last one. Even if the odds are against winning multiple top jackpots at a time on the same machine there is no specific program designed to restrict such a thing. Math is to be blamed ultimately.
7. The payout percentage of a slot can be altered remotely by a casino.
This is quite a factual myth hence it is dangerous. It is also 10 Common Myths about Slot. Many slots now offer their payout percentage to be rendered remotely however there aren’t many of these. In the majority of the cases, they do not exist at all. The state laws according to a minimum payout percentage still would apply even in a market like Las Vegas where alike devices are tested on a limited and occasional basis.
8. Warm coins increased the chances of winning.
This isn’t true either just like how there is an old belief of rubbing your fingers together against a coin will more likely produce a winner. Though this is one of the 10 Common Myths about Slot, out there as most of the players nowadays do not use coins. You will end up looking like an idiot if you buy this myth.
9. There is a predictable cycle regarding slot payoffs.
False. Although every program is designed to pay back a specific amount of money in the long run, this requires millions of spins. As the RNG makes sure that each spin is entirely self-contained, there is no pattern to predict and it is unrelated to what comes before and after
10. Your winnings will be reported to the Internal Revenue Service if you use a player card at a land-based casino.
When you go to the window to cash out, the casino monitors your winnings. The casino will fill out a W-2G form and send it to the IRS if your payout is larger than a specific amount along with the number of your winnings and personal information. You cannot escape the taxman.
Quite a few myths are surrounding slot machines. Taking the bait to these myths will range from players looking foolish to losing a huge amount of money or even both. The best you can do while gambling is to pick a fun machine, insert your money, and pay no heed to the superstitious beliefs of the surrounding people.