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Generally the slot machines with the bigger jackpots pay out a smaller percentage of the time. The least favorable pay out percentages are found on progressive jackpot slot machines. A good strategy is to play a slot machine with good pay outs below the top prize. Smaller jackpots hit more frequently.
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Slot machines were first introduced as amusement devices for bars and cigar stores. The machines featured three spinning reels with ten symbols onThe probability of winning on the old machines is easy to compute. They offered 1000 combinations and paid out 750 total prizes, so the house won...
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