Pennies Not Worth the Hype

If you have a slot machine that is a penny slots, and it hasn’t paid out in a really long time, what do you do? Well, if you are the owner of the machine, or the slot machine manufacturer, you milk it for all that it is worth. If you are a customer you play the slots, hoping that you are the lucky one to get the money – after all if it is overdue… 

Statistically speaking, yes, the penny machine is overdue to pay out a jackpot of almost $16 million dollars, which means you have a better chance of hitting that amount of money than you did if it had just hit. However, overdue or not, there is no way of knowing whether or not it will hit today, tomorrow, or next week. This does not stop International Game Technology however, from getting all it can out of the deal. The company has a new marketing strategy, where they are telling people that the slot machine has not hit, so it could go at any second. This brings in the customers who are paying 300 pennies at a time to hit the big one – for that’s the number you have to pay in order to win. 

Experts say that the fact that IGT is publicizing the slot machines overdue bonus to be somewhat morally unethical. Since the odds for winning are the same, whenever you spin it, the fact that IGT is trying to make it seem like they are better right now is just wrong. It is a way for the slot machine manufacturer to get more money out of a fluke. Critics argue that the odds of winning are always the same, so all they are doing is adding to the myth that if it hasn’t hit in a while that it is due – and that is not the case, for that is not how slot machines work.

Back to August Archive or Slot Machines