Ways Slots Are Tricking Gamblers into Losing a Lot More Than They Know

Ways Slots Are Tricking Gamblers into Losing a Lot More Than They Know

Slot machines are supposed to be gambling games having three or more spinning wheels. The reels are known to demonstrate symbols that are used to spinning and landing randomly for forming potential winning combinations after a bet is placed by a player. Slots are surely the most addictive and popular form of gambling. Wins could be determined as specific symbols lined up in a particular sequence. These are supposed to be the play lines. An amount of money would be awarded as per the precise wager size, the kind of winning combination, as well as, the number of pay lines that got hit. We know that slot machines are available in a plethora of forms right from online, the hot favourite video to the classic five or three-reel slots.

Slots & Phenomenal Profits

Slot machine profits have been on the rise as per the industry estimates. Slots <span Slot machines are supposed to be gambling games having three or more spinning wheels. The reels are known to demonstrate symbols that are used to spinning and landing randomly for forming potential winning combinations after a bet is placed by a player. Slots are surely the most addictive and popular form of gambling. Wins could be determined as specific symbols lined up in a particular sequence. These are supposed to be the play lines. An amount of money would be awarded as per the precise wager size, the kind of winning combination, as well as, the number of pay lines that got hit. We know that slot machines are available in a plethora of forms right from online, the hot favourite video to the classic five or three-reel slots. Slots & Phenomenal Profits Slot machine profits have been on the rise as per the industry estimates. Slots surely prove to be a high entertainment cost for what seems like an insignificant number of hours every week and quite a low wager for every spin. For many passionate or addicted gamblers, casino gambling seems to be far more expensive than attending professional sporting events or famous singer-concerts. Some Characteristics of Slots that Trick Gamblers Manufacturers of slots are known to design the entire gambling experience precisely for confusing and manipulating the emotions of gamblers so that they keep playing despite losing. This is referred to as the maximization of ‘time on the device.’ Numerous such manipulations cannot be easily discovered by the player. They are not readily exposed to the gamblers. Here are some of the characteristics of slots that trick gamblers to keep playing and making losses without realising it. The cost of playing slots is concealed from the player. The exact cost of play is always hidden from the gambler. An estimate of the cost per hour seems to be around 50 to 100X the single spin cost; however, this would be varying as per the different game settings. The same game could be on different slots in a casino but it would be programmed for paying out differently on different machines. Hence, even though a gambler has an idea about the cost of playing on one such machine, that knowledge would not necessarily be of any help to him as the same costs would not be applicable for the same game anywhere else in even the same casino. You must realise that randomness is involved in the amount a gambler would be losing at any particular session. However, remember that slot machine players would not be capable of predicting the cost of a session. On cutting-edge slots, 50 per cent of the ‘wins’ are supposed to be net losses. For instance, a bet of $1 having a 30¢ as the payoff is clearly a loss of 70¢; however, the slot machine makes pulsating sounds and displays bright graphics while announcing a win. Researchers refer to all these events as LDWs or ‘Losses Disguised as Wins’. However, it is a proven fact the players are being misled into thinking that they are winning. That instils positive feelings and players are motivated by these fake wins to keep gambling. Gamblers who experience numerous LDWs would be overestimating their total wins achieved in a particular session on slots. These gamblers would be psychologically encrypting these net losses very much as wins. Conclusion Some serious concerns are attached to gambling on slot machines. For instance, apart from hiding losses, often at casinos many slots players may apply for loans. This is quite predatory in nature from the casino’s perspective as it is fully-aware that the gambler is surely out of money. Knowing that the gambler would be most probably losing the game, the casino still lends the money. Regulations must be in place to forbid such predatory lending. style=”font-weight: 400;”>surely prove to be a high entertainment cost for what seems like an insignificant number of hours every week and quite a low wager for every spin. For many passionate or addicted gamblers, casino gambling seems to be far more expensive than attending professional sporting events or famous singer-concerts.

Some Characteristics of Slots that Trick Gamblers

Manufacturers of slots are known to design the entire gambling experience precisely for confusing and manipulating the emotions of gamblers so that they keep playing despite losing. This is referred to as the maximization of ‘time on the device.’ Numerous such manipulations cannot be easily discovered by the player. They are not readily exposed to the gamblers. Here are some of the characteristics of slots that trick gamblers to keep playing and making losses without realising it.

  • The cost of playing slots is concealed from the player. The exact cost of play is always hidden from the gambler. An estimate of the cost per hour seems to be around 50 to 100X the single spin cost; however, this would be varying as per the different game settings.

  • The same game could be on different slots in a casino but it would be programmed for paying out differently on different machines. Hence, even though a gambler has an idea about the cost of playing on one such machine, that knowledge would not necessarily be of any help to him as the same costs would not be applicable for the same game anywhere else in even the same casino. You must realise that randomness is involved in the amount a gambler would be losing at any particular session. However, remember that slot machine players would not be capable of predicting the cost of a session.

  • On cutting-edge slots, 50 per cent of the ‘wins’ are supposed to be net losses. For instance, a bet of $1 having a 30¢ as the payoff is clearly a loss of 70¢; however, the slot machine makes pulsating sounds and displays bright graphics while announcing a win. Researchers refer to all these events as LDWs or ‘Losses Disguised as Wins’. However, it is a proven fact the players are being misled into thinking that they are winning. That instils positive feelings and players are motivated by these fake wins to keep gambling. Gamblers who experience numerous LDWs would be overestimating their total wins achieved in a particular session on slots.These gamblers would be psychologically encrypting these net losses very much as wins.

Conclusion

Some serious concerns are attached to gambling on slot machines. For instance, apart from hiding losses, often at casinos many slots players may apply for loans. This is quite predatory in nature from the casino’s perspective as it is fully-aware that the gambler is surely out of money. Knowing that the gambler would be most probably losing the game, the casino still lends the money. Regulations must be in place to forbid such predatory lending.

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Summary

Name: Ways Slots Are Tricking Gamblers into Losing a Lot More Than They Know

Posted On: 01/12/2019

Author: Darren Henley