Gambling machines

19 Gambling Machine Facts That Will Surprise Your Friends

Gambling machines account for most of the revenue in the American casino industry. The situation varies a little bit in other countries, but there’s no getting around the popularity of slot machines and video poker. This post looks at the facts about gambling machines. I’ve listed 19 facts here, many of which will surprise your friends. If you were to walk into a casino for the first time, no one could blame you for thinking that there’s little difference between slot machines and video poker games. From the outside, they’re practically identical. And they do, in fact, have a lot in common: You have to insert money in order to play. Your funds are converted to credits. Your payouts are...

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Slot Machines: The Big Gamble - CBS News

It wasn't that long ago that if you wanted to gamble, you had to travel a long way. Today, to shoot craps or play slots, all you have to do is get in your car: there's probably a casino in your state, or right next door. There is now casino gambling now in 38 states, which use the revenue from gambling to help solve their bloated budget deficits. The main attraction at these gambling halls is now the new slot machines - there are close to 850,000 of them in the United States, twice the number of ATMs. We Americans spend more money on slots than on movies, baseball and theme parks combined. But with the modern slot machines, there is a greater potential for a dangerous side effect: gambling...

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Addiction as art: How gambling machines – and the digital world – put us in “the machine zone”

The gambling machines are coming. A new report has revealed that last year British people lost £1.3bn on what the industry calls “fixed odds betting terminals”, while bookmakers made a £47,000 profit from each of their 34,000 machines. The machines, and the losses, are concentrated among the poor. These terminals aren’t just one more way to lose money, the equivalent of betting on horses. They are like a newly emerged and highly evolved virus, which leeches money out of its host while simultaneously sedating it. To see what I mean, we need to take a trip to Nevada. In recent years, Las Vegas has undergone a quiet revolution. Card tables and roulette wheels have been removed from casino...

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Are slot machines really random? - Las Vegas Message Board - TripAdvisor

Just some food for thought. I may be stubborn or as my wife say " pig headed " but sometimes it is hard to believe the slot machines are totally random. After reading post after post about this it made me think. In the show American Casino. There was an episode where Michael Tata was staying at the Green Valley Ranch casino for many long hours. The progressive jackpot on a bank of slot machines had to hit before the jackpot reached a certain amount. I even think I have even heard about this at other casinos. If this is the case are they really random if they have to hit before the jackpot reaches a certain amount? Totally random to me means they can hit at any time. If they have to hit by a...

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This is how current slot machines are cunningly designed to milk your wallet, WIRED UK

This article was taken from the June 2013 issue of Wired magazine. Be the first to read Wired's articles in print before they're posted online, and get your hands on loads of additional content by <span class="s1">subscribing online. According to cultural anthropologist Natasha Dow Schüll's latest book, Addiction by Design: Machine Gambling in Las Vegas , <span class="s2">slot machines are complex adversaries. "Most research on gambling addiction focuses on what might be wrong with genes, biographies, personalities. My premise is you need to understand the machine," Schüll explains. "The way its properties are formatted play a big role in how compelling it is." Schüll spent two...

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How much will slot machines pay back? - The Blade

COLUMBUS — When players insert money into the 2,002 slot machines on the glitzy, carpeted floor of Toledo's new Hollywood Casino, state law guarantees that the flashy, computerized devices will pay out on average at least 85 percent of what they take in over the long haul. While that 85 percent is generally on the higher side of the government-mandated industry standard, most casinos across the country pay out more than that in hopes of getting an edge on the competition. "No casino will open with less than 90 percent," said Bill Thompson, professor emeritus at the University of Nevada, Las Vegas and an expert on casino gambling. "Some in the Midwest might be 89 percent, and some of...

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No Armed Bandit - 99% Invisible

According to CBS news, Americans now spend more money on slot machines than movies, baseball, and theme parks combined. Americans have always had an uneasy relationship with gambling. To circumvent anti-gambling laws in the US, early slot machines masqueraded as vending machines. They gave out chewing gum as prizes, and those prizes could be redeemed for cash. Despite outward appearances, slot machines have evolved dramatically since they first appeared in 1895. To play the first slot machines, you slipped in a coin and pulled the lever to set the machine’s wheels in motion. The slot machine’s crank-action operation (and the way it took your money) earned it the nickname of the...

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Children’s attitudes towards Electronic Gambling Machines: an exploratory qualitative study of children who attend community clubs, Harm Reduction Journal, Full Text

Children and gambling: attitudes and consumption behaviours Youth gambling is a health issue that has gained increasing attention in recent years, particularly given the ubiquitous nature of new gambling technologies and children’s exposure to marketing for gambling products in environments not specifically designed for gambling [ 1, 2 ]. Traditionally, research in the area of youth gambling has focused on prevalence [ 3 ]. Researchers have demonstrated that children have higher rates of problems with gambling compared to adults [ 4 ]. The harms associated with problem gambling for children included mental health issues such as depression, anxiety and low self-esteem, increased engagement...

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Gambling first in US, regulators approve skill-based slot machines, Fox News

Gambling first in US, regulators approve skill-based slot machines New Jersey gambling regulators have approved a New York firm to become the first in the United States to deploy skill-based slot machines on casino floors in which payout is determined by the player's ability. The New Jersey Division of Gaming Enforcement gave approval late Wednesday night to GameCo, Inc. to deploy its machines at three Atlantic City casinos owned by Caesars Entertainment. The machines could start being installed as soon as Monday at Harrah's, Caesars or Bally's. The machines, called VGMs, are expected to undergo several weeks of testing, and are expected to usher in a new era of gambling aimed at attracting...

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The Rise of Video Game Gambling Machines,

The recent birth of Video Game Gambling Machines, or in short, VGM, is a phenomenon that is taking the casino industry by storm. This follows the changes in trends and demographics, and is evolving rapidly. In this article, we take a look at what VGMs are about, how they are making their way into casinos, and their online casino counterparts. We will also look at what future they hold as they move towards online platforms. Changes and Trends That Bore VGMs One groundbreaking change that ushered into recent times by way of widespread technological innovation is how generations born immersed in technology – predominantly, Gen-X Kids and Millennials – are swaying market trends. Perhaps, three...

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