You’ll no doubt be familiar with the humble slot machine. After all, they’re a staple of many casinos, bars and cafes across the world.
Slot machines, both online and land-based, are so popular that over the years, many myths and misconceptions have popped up surrounding the way they work. Mainly, is it possible to beat the system and predict a win?
There is no such thing as a foolproof strategy for winning online slots, but some players believe they do. The idea that online slots and casino games are fixed is inaccurate. Online casinos are regulated and part of that regulation process indicates that games can’t legally be altered for the benefit of the provider.
Random Number Generators
Every online slot game should be using a Random Number Generator to ensure every game is fair and in line with regulations. If it isn’t, you’ve got bigger problems than game fixing.
RNGs, as the name suggests, are entirely random. They create arbitrary sequences of numbers every millisecond which means any previous spins won’t have any influence on the winning sequence.
So, let’s imagine you’ve just witnessed a slot payout the jackpot. That doesn’t mean that the person playing afterwards doesn’t have the same odds as the jackpot winner. Think of it like flipping a coin. If you’ve landed heads, it doesn’t mean that the next flip is guaranteed to be tails, despite the 50/50 chance because the odds are the same as the first time you flipped.
The likelihood that you’ll be a winner is down to a simple mathematical equation, one that can’t be doctored or predicted.
Gambler’s Fallacy
Gambler’s fallacy, aka the Monte Carlo Fallacy, is a common misconception that if something hasn’t happened for a long time then it becomes “overdue” and therefore more likely to happen. It gets its name from a 1913 incident that took place at the Casino de Monte-Carlo in Monaco. At a roulette table, the ball landed on black 26 times in a row – the longest streak of a single colour ever recorded. People couldn't believe it after the tenth black result, so they started placing larger bets on red on the grounds that black couldn't possibly come up again. Yet, the wheel obviously has no memory, so every time it spun, the odds of red or black coming up remained the same. And black came up a further 19 times in a row, resulting in the loss of millions for the eager gamblers.
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Hot and cold cycles
When playing slot machines, whether online or in a physical casino, you may occasionally notice winning or losing streaks. This is known in the gambling world as a hot/cold cycle. A hot cycle when a machine is paying out and a cold cycle when it’s not.
In point of fact, machines do not have hot and cold cycles; you only begin to believe that they do when you begin to notice that you are winning or losing more frequently. Humans are programmed to spot patterns, but we’re not that great at it.
As we’ve already discussed, slot machines don’t have a memory and every spin of the slot machine is a random, independent event.
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