Slot Machines: Fun Machines or Tax Machines? A technician reveals the truth about one-armed bandits

October 30, 2020
Slot Machines: Fun Machines or Tax Machines? A technician reveals the truth about one-armed bandits

Whether you are a beginner to playing slot machines or alongtime pro, you will discover exactly how a slot machine works.You will understand the principals of slot machine design; learnhow to read a slot's paytable properly; understand slot machineterms; know how to read the player metres, and how to effectivelyplay a slot machine.In essence, you will be able to look at any slot machine,understand the payout system; the type of machine; make an educateddecision on whether to play it; play it effectively, and not loseone red cent to any mistake that you may have made before. You willget a better enjoyment out of playing slots; you will not lose asmuch money, and you will have a better casino experience.The author notes that only a few years ago the estimated revenueof all U.S. casinos was fifty one billion dollars per year and itis not inconceivable that the world take from slot machines may bewell over one trillion dollars annually! Since statistically slotmachines count towards approximately seventy percent of thecasino's take when the casino also has table and other games, U.S.slots could be bringing in thirty five billion dollars a yearalone! Even the Canadian casino industry pulls in billions ofdollars per year. And all of the previous figures do not take intoaccount bingo, lotteries, and other gambling activities. Yes, slotmachines, casinos, and other government sanctioned or controlledgambling operations bring in a mind-staggering amount of money(more than the national worth of some countries), and in most casesa percentage goes directly into government coffers. Like gasoline,tobacco, and alcohol, gambling is a definite cash cow for thegovernment. In this context, Ian Williams examines the socialimplications of slot machines in our society; both the positive andnegative.