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Slot Machines
A slot machine is a gambling machine known as the one-armed bandit, because it was originally controlled by a lever (arm) on the side of the machine, and because of its ability to leave the gamer penniless (bandit).
355 Questions
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Why do they put pennie slot machines in casinos?
the same reason they put other denomination slot machines in casinos, they make money. lower denomination slots (penny, nickel) usually take more credits per spin. some penny slots can take hundreds of credits per spin, while with, say, a $5 slot machine youll only get like 3 credits maximum per spin.
What is Emulated software and ported software?
Emulated software is software run in an program which pretends to be some type of old hardware for the purposes of running that software. Ported software is software that can be run directly on a specific platform without having to emulate the hardware of the platform the software was made on.
What are peek hours for online casinos?
For online casino games there is no certain peak hours you will find players at any time. Hence it is the online game people from different areas will be available in online at any time. To play casino games in online visit billstop24 at any time.
Can casino alter slot machine payouts?
They are legally required to control the pay-out percentage, amounts vary by state regulation. (it is around like ninety some percent goes back out of the machines and pays the players.) What no one knows is, when, who and what machine is going to pay out, it's all random.
There is no regulation on when or how often this money needs to be returned to the public. That's why they call it luck!
AnswerThis question is far more complicated than it sounds. Yes, all slot machines do have what is called a "theoretical payout percentage." The "payout percentage" is the percentage of coins taken in by the machine that is paid back to customers. As an example, if 100 coins are put in the machine and 90 are paid back as winnings to customers, the payout percentage on that machine is 90%. It is called "theoretical" because the "payout percentage" is a calculated number that is based on an "infinite" number of what people generally call "handle pulls."Though people generally think of the "theoretical payout percentage" of a "machine," that is not accurate. If, for example, a slot machine accepts one to five coins, each "coin" option is a different form of play that can have different payout percentages associated with it. For example, a machine could have a "theoretical payout percentage" of 80% whenever 1 to 4 coins are inserted but a "theoretical payout percentage" of 99% if 5 coins are inserted into it. Therefore, if a casino advertises a payout percentage of 99%, the player needs to know if that is the percentage regardless of the number of coins placed in the machine; or is the average payout percentage for the machine; or is only the payout percentage if the maximum number of coins is placed in the machine.
Additionally, the "theoretical payout percentage" really does not give you adequate information regarding the probability of winning for two reasons. First, two machines can have the exact same payout percentage but have very different probabilities of you winning anything. This occurs because each machine varies in the number of "winning" combinations. Some machines have very few winning combinations but produce a higher payment to you if you hit one of those combinations. Other machines have lots of winning combinations but produce a lower payment if you hit one of them. For example, let's assume two machines both have 100 possible combinations and each machine is a one coin machine. Of these 100 possible combinations, machine #1 has only one winning combination which pays 90 coins. Of these same 100 possible combinations, machine #2 has 90 winning combinations each one paying 1 coin if hit. Over a period of infinity, therefore, both machines will payout 90 coins for every 100 coins placed in it which makes the "theoretical payout percentage" on each machine 90%. However, the odds of you winning anything on both machines are far different. On machine # 1, your odds of winning are 99 to 1 since there is only 1 winning combination out of 100 possible combinations. On machine # 2, your odds of winning anything are 9 to 1 since there are 90 winning combinations out of 100 possible combination.
The second thing that affects your odds of winning is the "volatility" of the machine. In general, the more combinations a machine has the more "volatile," it is. To use an extreme, and overly simplistic, example, a machine that has 100 million combinations is far more volatile than a machine that has only 10,000 possible combinations. In an attempt to put it more simply, "volatility" can be thought of in terms of how many handle pulls it will take a machine to, in fact, payout an amount equal, or close, to its "theoretical payout percentage." As I said above, the "theoretical payout percentage" is based on a period of "infinity." For any set period of time, a machine can, and does, deviate from this "theoretical" percentage. Speaking generally, the more possible combinations on a machine, the greater this deviation can be for any given period of time. The extent of this deviation is called "machine volatility."
Therefore, one cannot simply speak in terms of slot machine "payouts." Instead, to evaluate a machine one needs to know the possible combinations on that machine, the number of winning combinations on that machine, the payout for each winning combination, the payout percentage associated with the number of coins one places in the machine, the probability of winning anything from that machine, and the volatility of the machine. Of course, casinos will not provide you with this information, so it, therefore, becomes impossible for you to ever evaluate a machine you may be playing on.
If you are part of the majority of those who play slot machines, you need not worry because, as casinos well know, human psychology makes the payout percentage "0" on each machine. This is because, given the dynamics of human psychology, the majority of people play slot machines until they have no coins or credits on their slot card left. Should they leave with some "winnings," it is only a temporary loan which will be paid back the next time they enter a casino to play the slots. It's only Pavlov's theory in action.
To make a very long story short....All slot machines have a "payback" percentage as set by the casino and approved by the state's gaming commission. In order to re-set the percentage the casino has to submit a proposal to the gaming commission. A casino can not change the payback percentages whenever they feel like it. A 97% payback slot machine will pay 97% of the money back, that does not mean that if you put in $100 you'll get back $97, it means that the machine is set to payback 97%, this figure is included in major jackpots. Slot machines are not pre-set to pay in any particular order. Each and every pull of the handle is a random event. Modern technology has made it virtually impossible to "rig" a machine's payout schedule. Rigging a Slot MachineI agree modern technology has made it very difficult to rig a slot machine and, wherever slot machines are regulated, there are controls to prevent this. Nonetheless, it is still possible to rig a modern slot machine by switching the microprocessor chip in the machine. But casinos have no reason to do this because the odds already give them an advantage that assures them that they will make a profit. If the "theoretical payout percentages" on the machines in a casino are too high and not producing a sufficient profit, the casino can ask the regulatory authorities for permission to lower that percentage and the regulators will grant the necessary approval. So there is no reason for a casino to rig a machine. Instead, if a machine is rigged, it is done by an employee of a casino who has access to the microprocessor chip and, if the casino has a computer monitoring system, to it, in order to set the machine up for his conspirator to beat the machine. In short, machines are not rigged by casinos against players, they are rigged by insiders to make a player, who the insider has conspired with, to win. Therefore, there is no reason for the average player to worry about a machine being rigged.no a casino can not reset the payout on a machine. if they try they would get in trouble board.the machaines can not be tamperd with .they are set at the factory .
How do you make money out of a gumball machine?
pay $18 for a box of 850 1 inch gumballs. pay 3 cents each, and sell them each for 25 cents. its that easy.
It is legal for anyone to play the slot machines that is over 18 in some places. There are casinos that are on Indian reservations in Ore. that allow 18 yr olds to play.
It depends on the individual states, the ages range from 18 to 21. In Nevada you must be 21 or older in order to play any casino games including slots.
Is a Bally slot machine model E2111-19 worth anything?
It depends on when it was made and whether or not it is in good working condition. Most likely it is. You could also sell it for parts.
Can a magnet help you win on a slot machine?
Back in the beginning of slot machines, it was possible to use a magnet to help you win on a slot machine, as the machine payouts were based strictly off the location of the reels. Advancements in how the machines are constructed eliminated this issue. Slot machines are now all electronic and are completely random. The reels on the machine are strictly for entertainment, display, and, as the casinos call it, 'eye candy'. Today, there is nothing you can do to a slot machine with a magnet that will help you win. Although, on a video machine with a CRT (not an LCD) monitor you will get a attractive rainbow affect on the screen. However, if you are noticed using a magnet on a slot machine by security or surveillance it may get you thrown out, or worse, they will detain you and call the police. The police will arrest you for attempted tampering of a gaming device. However, most of the casinos no longer see this as a threat. Even though the magnet won't help you win and won't permanently harm the slot machine, this is considered attempted cheating and casinos (and law enforcement) will consider you an undesirable and could bar you from all casinos in that jurisdiction. Amended answer: Magnets were not usable to cheat older machines either, despite what rumors may have flourished at the time. Mechanical machines of the teens, 20s, 30s, 40s, etc, were cheated by drilling small holes in them, and using a stiff piece of wire to manipulate the reels or other parts of the machine. There is no way to cheat an antique slot machine with a magnet.
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Is there a law on casino money won?
Yes, lots of 'em. Each state has their own sets of laws and federally, you are supposed to claim your winnings, but that's pretty much on the honor system. When you claim your winnings on your federal tax, don't forget to subtract your losses. You can easily obtain a win/loss report from the casinos you frequent if you call them, or stop by their customer service or players club booth. If you don't have a players' card at that casino, though, getting a win/loss report will probably be difficult or impossible. Casinos are not required to send the win/loss reports to the feds, so don't worry if you feel the amount you have won is too insignificant to claim. The IRS won't come and take you away or anything. I would, however, strongly advise you to claim any winnings in excess of $10,000. If you made $10,0000 all in one day, you're going to be on the radar anyways, because, just like banks, casinos are required by federal law to fill out a CTR (currency transaction report) for cash transactions over $10,000. These are not sent to the IRS, but to homeland security, to identify possible cases of money laundering. But if one government agency has this information, how hard would it be for the IRS to get wind of it?
Beyond the federal, the only state I can answer for is Indiana. If you win a jackpot of $1200* or more in the state of Indiana, 3.4% state tax will automatically be taken out. You can get this back if you are not an Indiana resident, although I hear that can be quite a hassle. If you win a drawing, you may be required to pay state taxes also. Just remember, though, if you don't have your current drivers license, state ID or passport with you when you win a drawing or jackpot, you will not be able to claim your prize until you can produce one of those valid documents.**
*The $1200 amount is the same for any U.S. state, it is the amount that the IRS set as a minimum. However you need to have hit 1200 in one shot. One spin, one hand of poker, or blackjack, one roll of the dice, whatever. If you play for a while and get small hits a lot and cash out more than 1200 you're fine. ( I played for a while, built my total up to $1300, cashed out, and went home. however I also hit a win for $1500, when I was paid, the casino workers also brought a tax form to fill out before they gave me the $$ ) You'll see progressive amounts for some slots/video poker stop at $1199, so more people will play them, knowing that if they win top payout, they don't have to pay taxes.
**If you don't have valid ID on you at the time of the win, you will be removed from the property, and the casino will keep the win and possibly any money you have in the machine. You cannot be in a casino without proof of age/ID, no matter how old you are, or "who you know". If gaming control comes in and cards everyone, than everyone better have ID, or the casino can get fined, or even get their license pulled.
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How do you restart 2003 kitac juggler girl slot machine?
It is the same procedure used for setting the payout odds. Here is the procedure from the manual:
Game odds are adj to 6 different levels. Odds will differ with each machine. To change the odds (or reset) there will be a key switch or toggle switch. Turn the machine off and turn the ODDS/RESET KEY SW or toggle to the "ON" position. Then turn the machine back on.
Number 1-6 will be shown on the credit meter (or display on the back of the front door of the machine, depending on the mfg). Use reset button on the power supply or small button on back of the door to change the odds to the desired setting. When the desired setting is reached, press down on the "SPIN REELS/(PLAY HANDLE)" lever to set the odds.
Turn the KEY SWITCH or toggle to the off position and the machine will be ready to play!
How do you play male female game?
Games are genderless.
...I'm pretty sure I didn't understand your question.
Is their any casinos where you can gamble at in 18 in Indiana?
No. You must be 21 to gamble at Indiana casinos.
In the United States, documented gambling losses may be used to offset gambling winnings.
http://www.irs.gov/taxtopics/tc419.html
In your case, claim the jackpot as "Other Income" on Form 1040. Itemize your deductions and claim your documented gambling losses as "Other Miscellaneous Deduction" on Form 1040, Schedule A.
A jackpot that drops amazing rewards at the conclusion of any game in the The Three Stooges online Slot is is known as the random jackpot.
Can you stop the reels on a video slot machine?
It depends on the slot machine, on some you can stop the individual reels, on some you can stop them all at the same time, and on others you cannot stop them at all.
