A German immigrant Charles Fey created and developed the first slot machine in the late 1800s in San Francisco. A metal box, which he called The Liberty Bell, had a window with three metal reels and stood on cast-iron feet.
These machines needed a nickel to play and had ten different symbols, creating a thousand possible combinations. A player won a whopping jackpot of 10 nickels if he lined up three Liberty Bells (compelling a few winners to happily sing America, the Beautiful).
In the 1940s, back when Bugsy Siegel laid the groundwork for Las Vegas gambling, slot machines were just an afterthought, a small distraction to keep most wives occupied while the husbands played blackjack or craps. Slots were known as one-armed bandits due to their poor odds. Right now, a generation later, slot machines have turned the tables as a more popular game and have a widespread slot appeal that drives today’s casinos.
Slot has developed into a sophisticated game and one of the most diverse attractions in the gambling industry. In fact, slot machines are now the most favorite feature in a casino, tempting players with an infinite variety of colors, types, styles, and shapes. There are some reasons for this appeal, clearly the obvious one is known as JACKPOT! The opportunity to win life-changing cash is the rainbow that attracts many eternal optimists back to those machines, trip after trip, yank after yank (or push after push), ever searching for a big pot of gold. Yet, for all their gizmos and gadgets, slot machines are blessedly simple to play. You only need to yank the lever or in newer machines, press the button. That’s all – and maybe, that is just among the reasons behind their popularity.
Slots are fat cash cows for casinos (bringing nearly two-thirds of the revenue in many casinos) and make perfect employees. They require no workmen’s comp, wages, insurance benefits, or tips. They never have to leave early, call in sick, or show up late. These slot machines are also really simple to play, they are available continuously, and the computerized operating system allows players to pump coins in at a frenzied pace – producing a huge profit margin for the casino.