Loose Slot Machines
You might hear some slot machine fanatics talk about slot machines being "tight"
(not many winnings happening) and about loose slot machines (lots of winnings
happening). Are there really loose slot machines? In truth, for both the land
and online casino world, there is no accurate way of knowing this.
Slot machines are programmed to pay back at a given percentage and they can
achieve this in a number of ways. For example, a slot machine could be programmed
to win frequently but for small amounts. Or it could be programmed to win very
infrequently but for very large amounts. So for some observers, the ones with
the frequent wins may seem to be loose slot machines. But really, from the casino's
perspective, both those examples above will be paying back at the exact same
rate over the long run.
Despite this however, it is possible that some slot machines are programmed
to have really low pay back percentage. You'll see by the examples below that
it is possible that loose slot machines may not exist in some land-based environments.
At airports - have you ever seen someone hit a big jackpot or win with
regularity at the banks of slot machines that you may see at an airport?
In bars, convenience stores and other non-gambling specific locations
- similar to the example above, with airport slots, in the minds of many, these
machines exist solely to gobble the up the money of whoever might decide to
throw a few bucks at them.
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