Myths
Below, the biggest myths concerning clot machines are introduced:
Slot machines stop on any possible set of stops with equal probability
Look at the modern three-reel stop slot machines and forget about this idea. Some stops are much more likely than othere.
Slot machines are programmed to pay off a particular percentage of money bet. Thus after a jackpot is hit the machine will tighten up to get back in balance, and when a jackpot has not been hit for a long time it is overdue and more likely to hit.
One thing is true in this statement: they are designed to pay off a particular percentage. Rememer, that it is not a matter of past outcomes whether you will hit the jackpot or not. Jackpot is equally as likely to be hit on every spin!
Hot/cold coins are more likely to yield good returns.
The temperature of the coin has no meaning in the game. It also have no influence how long it has been since the coin was played.
Machines pay more if a player card is not used.
A card plays no role here. The mechanism determinating the outcome of each play does not consider whether the card is used or not.
If I use a slot card the casino will report my winnings to the IRS
Whether the casino will report your winning to the IRS does not depend on the card, but on the amount you win. Casinos are responsible and act according to the law. If you get back $1200 or more in a single spin, the casino has a duty to report it. And it has no meaning, whether you used the slot card, or not.
