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The RNG
Nowadays slot machines are computerized. So the odds are whatever they are programmed to be. The reels and lever are present for historical and entertainment reasons only. A Random Number Generator determines the positions of the reels. The machine's software includes a Random Number Generator.
The RNG is constantly generating random numbers at an extremely high rate. When a player presses the Play button the most recent random number determines the result. The result varies depending on exactly when the game is played. The result changes every fraction of a second.
It was noticed that the RNG does not actually generate random numbers. The sequence of numbers is repeated by most of the RNGs. This behavior is due to poor programming. Pseudo RNGs with very long periods are relatively easy to build. There is no computer that is able to complete a single period in the expected lifetime of the universe. Ronald Dale Harris, a former slot machine programmer, was the only one who had access to the pseudo RNG code and seed values. Equations for specific gambling games like Keno were discovered by him. Thanks to them the fact that the next set of selected numbers would be based on the previous games became known. However, this is impossible for most machines, because the RNG picks numbers even when the machine is not being played. So the numbers can't be exactly found in a sequence.

Payout Percentage
The percentage of winnings paid out of the money that is wagered by players is 82–98 per cent. The term theoretical payout percentage is used to denote it. The minimum theoretical payout percentage varies among jurisdictions. Law or regulation typically establish it. Nearly each casino has its own winning pattern. It contains the information about the amounts they pay and the frequencies of these pay-outs. The main criterion for selecting the winning patterns on slot machines is that they should yield a certain fraction of the money played to the house. The rest of the money goes to the players.
At the factory when the software is written a slot machine's theoretical payout percentage is set. Changing the payout percentage after a slot machine has been placed on the gaming floor requires a physical swap of the software. Being a time-consuming process it is done not very often. Certain jurisdictions presuppose the EPROM to have a tamper-evident seal. To change it Gaming Control Board officials should be present. Other jurisdictions randomly audit slot machines to ensure that they contain only approved software.
The Nevada Gaming Commission is working now with Las Vegas casinos on technology that would allow the casino's slot manager to change the game, the odds, and the payouts remotely. Only after the selected machine has been idle for at least four minutes can the change be done. After making the change the machine is locked to new players for four minutes, it displays an on-screen message informing potential players that a change is being made.

Linked Machines
Offering of a particularly large prize, or jackpot becomes possible when a group of machines is linked in a special way. If a player gets a specific combination of symbols the progressive jackpot from this group of machines is given to him. The amount paid for the progressive jackpot is usually far higher than any single slot machine could pay on its own.
In some cases multiple machines are linked across multiple casinos. The machines are then owned by the manufacturer, who is responsible for paying the jackpot.

Near-miss
Computer software controls the reel display of modern slot machines. That is why the slot machine can be programmed to display combinations that are close to winning combinations.
This practice is called near-miss programming.
There is a related phenomenon which is also called near-miss. Winning percentages programmed into the slot machine control the chance of a winning combination appearing on a pay line. However, the combinations appearing above and below the pay line are all roughly equally randomly distributed. This means it is much more likely that a winning combination will appear above or below a pay line than on the pay line. Only if abbreviated physical reels are used to display a win pattern based upon the RNG this can occur. Video slot machines have virtual reels and the symbols that appear around the winning line are usually an accurate depiction of how the reels were mathematically modeled.
The issue of a near-miss above or below the pay line was also the subject of the Nevada Gaming Commission investigation. It was considered to be legal as long as the near-miss above or below the pay line was not specially programmed. In other words, any other combination must be just as likely to occur as the near-miss. The machine cannot be specially programmed to show winning combinations more frequently than other combinations above or below the pay line.
Australia also forbids to use near-miss programming, where a near miss is inaccurately displayed. To audit manufacturer's practices regulators use stop motion cameras.

Slot Machines Fraud
Mechanical slot machines and their coin acceptors were sometimes considered to be cheating devices and other scams.
EPROM computer chips controls modern slot machines and coin acceptors have become obsolete in favor of bill acceptors. They are designed with advanced anti-cheating and anti-counterfeiting measures and are difficult to defraud. Nowadays microwaves are used to defraud slot machines.

It doesn’t require much skill to play slots. Slots give you an opportunity to win a lot of money. The work of all slots is provided by RNG. RNG is a Random Number Generator. RNG is a microchip, which is constantly churning out thousands of numbers a second. RNG churns the numbers all the time. When you hit a spin the machine takes the next number out which it then translates into the position which the reels should stop at, and whether you have won or not! Decide how much money or coins you can spend for one go and only then begin to play. If you have enough money or credits you’d better make maximum bets. Maximum bets give you an opportunity to get the maximum payout, which for some slots is the jackpot. The payout depends on the type of a slot machine.

The first gambling machine, on which all modern slots are based, was invented by Charles Fey in 1887. Then not symbols, but cards were used. There were three mechanical reels and the lever, which had to be pulled to make the reels move. It was Charles Fey who offered the first slot machine to the public. The first slot consisted of three mechanically spinning reels. There were ten pictures (cards) on each reel. The combination of three equal cards was considered to be a winning combination. In 1889 there appeared slots, which gave an opportunity to win the jackpot. Fey’s first slot machine was called the Liberty Bell. Slots were taken for a kind of entertainment for women. Women played slots while their men gambled. Later gambling was forbidden for some time. The reaction was the appearance of “Liberty Bell Gum Fruit” slots. People used “Liberty Bell Gum Fruit” for buying a bubble gum and with the bubble gum they got an opportunity to win money, they were given a spin. Different fruits were used as the symbols. At the end of the 20th century computerized slots and video poker machines appeared. Modern slots are much easier to use. Gamblers push the button and the game starts. Now playing slots through Internet is available for players from all over the world.

There are many types of slot machine configurations but all work according to the same principles - put the money in the slots and pull the handle! According to the main slot classification there are two types of slots. They are straight slots and progressive slots. The main feature, which distinguishes straight slots from other types is that you get paid according to the payout table, which is shown on the slot machine. Inside the straight slot group four more types are distinguished. They are multiplier, bonus multiplier, multiple payline and buy-a-pay slots. When playing multiplier slots you should always bare in mind that the payoff is dependent on the number of coins being bet. Bonus multiplier slots are characterized by a bonus round, which is activated if making maximum bets. The principle of multiple payline slots is that the number of enabled payline depends on the number of coins bet. The Buy-a-Pay slots are profitable only if you place maximum bets. Progressive slots are characterized by the big jackpot, which progressively gets larger and larger, as every coin is put in. The jackpot total is posted above the machine and can grow to enormous sums of money.


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