This article, dated December of 1932, over 80 years ago, explains how slot machines are built to make players lose, and it still remains true today. It not only goes into detail as to how these machines mathematically cheat players out of their hard-earned cash, but it serves to show that these machines have been swindling players out of their money for generations.
Slot Machines
Study Shows Slot Machines Are Built to Deceive
According to this Washington Post story, a new report reveals that slot machines are manufactured to trick players. The machines often use positive reinforcement, in the form of celebratory sounds, to convince gamblers they have won when they are actually losing their money.
How a magic carpet ride became a slot machine game
Chicago-based WMS have created a slot machine that provides a ride-like experience for users. The idea behind this new wave of slot machine was that once you experience it, you will keep playing, reaching into your pocket, and putting in money to try to win this ride. Aladdin, being magical, was a seemingly perfect fit for the empty but enticing nature of slots.
University research outlines the dangers of slot machines
The Carleton University Gambling Laboratory, a think-tank deciphering what makes gamblers keep coming back, says slot machines are nearly four times more addictive than regular card tables. Head researcher, Prof. Michael Wohl, said that’s because players can sit for long periods of time in a relatively low-stress situation and can cash in their winnings without leaving their seats. It’s also due to grave misconceptions about how slot machines work.
“A lot of people think that every time you spin a slot machine you’re getting closer and closer to a win,” Dr. Wohl explains. But that’s simply not the case, he says. He describes them as a mixed bag of marbles. Within it, there’s one “jackpot” marble combined with hundreds of losses. When you play a machine, one of those losses falls out of the bag. But what many people don’t understand is before your very next spin, that dud marble goes right back into the bag. The odds of winning or losing are always exactly the same.”
According to the Canadian Centre for Substance Abuse, 80% of problem gamblers in Ontario cite slot machines as their problem. The largest percentage are seniors and low-income earners.
Slot Users Are Lured in by ‘Free Play’
Free play offers are luring in millions of citizens into Pennsylvania casinos with the promise of free games. It’s a predatory practice used to get people hooked on the machines and to keep playing, and ultimately losing, their own money.
Slots and Safety at New Mexico Tracks
One of the first states to approve slot machine gambling at horse tracks, New Mexico now has been tagged with the worst safety record in racing. Nationwide, the newspaper found the industry “still mired in a culture of drugs and lax regulation and a fatal breakdown rate that remains far worse than in most of the world.” In addition, slots are now the tail that wag the horse, accounting for most of the revenue at tracks and turning racing into a side business, and perhaps the biggest reason for safety plummeting.
Political leader challenges government-sanctioned gambling machines
MLA Ken Allred took aim at video lottery terminals (VLTs) , questioning whether the crown corporation that runs them is being upfront with the public about how the machines work, how the finances are reported and what the true cost is to the province.
Near Misses Are Like Winning to Problem Gamblers
The brains of problem gamblers react more intensely to near misses than casual gamblers, new research from the University of Cambridge has found. The results help explain what keeps problem gamblers betting even though they keep losing.
Emerging Issues in the Use of “Free Play”
Non-negotiable slot credits, or what is commonly called “free play” has become the primary form of customer incentives in casinos. Today’s casinos use mail, phone and email solicitations to offer free slot machine play to lure citizens who have rarely been to a casino before, a tactic adopted from the tobacco companies who used to hand out free cigarettes in low-income neighborhoods. This article attempts to identify the emerging issues of free play and how they are impacting the frequency of play and casino profitability.
Slot Machine Profits Jump 70% In a Decade
According to Nevada Gaming Control Board statistics, there were about 197,000 slot machines in that state that won roughly $4.8 billion from gamblers in 1997. By 2007, the number of slot machines increased just 2.5 percent to 202,000, but the amount they won from gamblers jumped 72.9 percent to about $8.3 billion. This is primarily because slot design became far more advanced in fleecing and exploiting users.