Why are Slot Machines so Popular?
With all the different types of gambling available, you would think the appeal of slot machines would be low. The truth is, slot machines outperform all other forms of gambling both in revenue and in floor space. They continue to be popular and show little sign of slowing down. In essence, they MAKE the modern casino.
How can “One Arm Bandits” continue their appeal, you may ask? By changing with the times! A slot machine’s basic concept hasn’t changed much but it shares as much with its late 1800’s cousin as a modern Ferrari does with a Model T. We’ll discuss the changes in a bit but first let’s go over its timeless appeal.
First, slot machines are easy to play – players LOVE that. Sweet old Aunt Agnes can become “The PitBull of Slot Row 3” by just sitting down. Literally – anyone can play. If you can push a button, you’re in.
Insert a coin, bill, or cashout ticket and spin to play the game (either by handle, or the above-mentioned button). Payouts are easy to spot (such as a row of fruits) and the game lets you know if you’re a winner. The flashing lights and sirens are good subtle hints.
Second, you control the game! Find a machine within your budget and play. Want to triple your bet? Slot machines let you multiple your base bet easily. Want to play one line or thirty? Go right ahead! You’re in control. Play as much as you want and as fast (or slow) as you like. Nobody’s going to tell you how to play. In some games, you can even choose when the wheels stop spinning!
Third, there’s always a chance for big winnings. A $10 bet might win you $20 in Blackjack but that same bet gives you several chances at slot machine jackpots worth thousands of dollars. People love that as well.
Beyond the traditional appeal, casinos have moved toward themed slot machines. No longer are you pulling a handle and waiting for bars or fruits to appear. Star Wars fans can hope for a row of Han Solos, and play mini games involving the Death Star. Star Trek fans have their own game as well. Spin for a chance to beat the Klingon warship for big money. If Science Fiction theme games aren’t your thing, try the I Dream of Jeanie, Munsters, Elvis, or even Wheel of Fortune slot machines.
As appealing as slot machines are to the players, casinos are the biggest fans. Over 70% of a casino’s revenue are from slot machines. Think about that! Poker, Blackjack, Baccarat, Craps and the rest combined can’t bring in slot machine profits. With up to a 25% house edge, you can see why slot machines are so appealing for casinos. So players love them, and so do casinos – the ultimate win / win.
We admit – we love slots too. While the house edge is big, they are also fun to play. Plus, you can win a lot for a small bet, something many table games can’t offer. So next time you are at the casino, sidle up to a machine and play (just stay away from Aunt Agnes – she’s mean!)
