A New Niche in Gambling – People Are Finding a Use For All of Their Pennies

When a recession happens or the economy is suffering in one way or another, people always tend to cut back on what they spend their money on and how much they spend. There are a few industries that often get overlooked however when there is a recession going on and casinos are often one of these businesses that get overlooked. When the economy is great and money is flowing, those who like to gamble will go to the casinos in hopes of walking away a big winner. In hard financial times though, spending money to win money is a commodity that people seem to cut back on. In this past recession however, several casinos are making changes in order to keep the customers coming in. One of the changes that is being implemented is casinos making good use of penny slots.

Before the recession hit, it seemed as though people were not as hesitant about feeding paper bills into the slot machines at casinos, but these days, penny slots are the machines that are seeing the most action. Penny slots have always been frequently visited in casinos by those who are just trying their first hand at gambling or by those who do not want to spend that much money, but still want to be able to have a good time. With people spending less money due to the recession however, even those who regularly visit the more expensive machines are now gravitating towards the penny slots.

In order to combat the increase in demand for penny slots, some casinos have even been replacing more expensive slot machines with penny slots. With less of a demand for machines that need paper money in order to play, it makes a lot of sense to increase the availability of machines that accept pennies. The casino industry has seen a drop off of business and by implementing a way for consumers to spend less, but still be able to afford to come to the casino, they hope to make up the difference.

Another way that casinos are trying to make it through the recession aside from penny slots is the use of buffets or other free food. The thought is that by offering free food, free entertainment and even reduced room rates, that more people will feel comfortable spending a little bit of money to receive several services.

The Issue of Trust and Online Gambling

Trying online gambling requires somewhat of a leap of faith. So before you choose an online casino in which to set up an account and deposit money, you want to check them out thoroughly and find out if their reputation and track record makes you comfortable enough to entrust them with your e-wallet or credit card number.

Fortunately for the beginning online gambler, you can find a lot of websites, portals, and discussion forums all about which sites are legitimate and which have had problems. You would be wise to read several of these before signing up. Learning from other people’s mistakes can be a lot cheaper than learning from your own when it comes to online gambling.

One thing you should find out for any casino online that you may want to sign up with is whether their payouts are independently audited. Casinos with independently audited payouts are highly preferable to those that are not, because at least you can have confidence that the payout percentages they advertise are real. You should also find out how well their customer service performs. Forums and bulletin boards are great places to find out about customer service problems. If someone has experienced poor customer service at a given casino, they’re sure to let everybody know about it online.

When you read through forums, reviews, and comments about web casinos, expect to see at least one or two thoroughly glowing reviews and at least one or two horrible reviews for most casinos. Forum posters sometimes have a personal axe to grind, and some posts are written by people employed by the casinos, so you know they’ll be very positive. You’re best off evaluating casinos based on the majority of the non-extreme reviews. Of course, if all the reviews of a casino are negative, you should stay away.

While you are still getting your feet wet in the world of online gambling, you can check out not only the many casino reviews, but also sites that offer free practice games that will give you an idea of the pace and feel of playing online. If you’re used to playing poker in person, you’ll find that the pace is different online, and the same is true of most casino games, including slots.

Gambling portals online offer reviews, tips, information on which software systems sites use, and helpful links to sites where you can read up on techniques, online gambling news, and what new games you can find online. Some of these sites even have reviews and articles about land casinos, which can be very informative if you’re planning a trip to Vegas or somewhere else you can gamble live.

Online gambling can be a lot of fun, and it can provide a bit of the thrill you get from going to a land-based casino from the convenience of your home. The best way to make sure you enjoy your online gambling experience to its full extent is to take the time up front to research web casinos, read reviews, and learn the road rules and best practices. Finding a good online gambling portal site is a terrific place to start.

Slot Machine Basics

The first slot machine came into being in 1895. Since then, they have witnessed not much of evolution. While early slot machines contained three spinning wheels with a symbol, one of them being the jackpot figure, in modern machines the number of reels has been increased to five. The symbols vary from diamonds, spades, clubs, hearts to fruits. Similarly, while the earlier slot machines had only one row, the present ones have two to three horizontal rows, but only one acts as the pay off. Again, classical model had only one pay line, but today the machine can have as many as fifteen pay lines. The player can decide which one he chooses.

Almost all the slot machines are relatively similar. The one characteristic they differ on is the denomination. Some machines accept a quarter, while others can have five dollars as the acceptable denomination, depending on the intensity of the gambler.

An added attraction some machines today is the ‘double or nothing option’. This slot provides the winner with an option to double his earnings or loose it all. The first lesson in winning is to know the machine well. The denomination the machine accepts, the degree of risk involved etc are a few key points that the gambler should be aware of. Reading the instructions on the machine carefully helps this cause.

Gambling is now a legalized affair. Efforts are being made to legalize slot machines outside the casinos as well. Slot machines can be commonly found in casinos, Indian Reservations, and race tracks. Personal ownership of the slot machine is strictly regulated. One has to be cautious depending on the State laws. A common clause in all state laws is that the machine should either be an antique or a vintage. A machine manufactured twenty five years ago is usually considered to be an antique. Antique slot machines can be found with dealers, at trade shows, at auctions- these being the common sources.

Playing a slot machine is a game of chance. It is a gamble. The outcome of the game is completely random or is it so? The randomness of a machine can be regulated by the casino, to some extent, through computer software known as random number generators. While some machines promise frequent pay offs other are difficult to play with. An accepted and obvious fact is that the slot machines favor the casino.

A good winning strategy can be to play for longer durations on a single machine. Though the initial losses are high, the winning amount more than compensates for it.
With gambling being legalized, more and more casinos are springing up. This has also created more job opportunities. On such job would be that of a slot attendant. This person handles customer complaints, resets the machine after every jackpot, repairs the machines and ensures compliance to safety rules. Though this job is quite stable it is low paid.

Slot machines are a good source of revenue for the sate. It is not only recreational activity but can also be regulated easily.