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It may look like a regular slot machine and play like one, but a video lottery terminal differs quite a bit in terms of how winners are determined.
VLT gaming machines are usually equated more with games like bingo, pull-tabs, scratch-offs, or lotto than they are with slot machines. This is because there are a pre-determined number of winners, and players are competing with each other for a prize rather than against the house. There is also not necessarily a winner in each game.
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Video Lottery Terminals (Class II machines)
VLTs are most often found in Indian gaming casinos or “racinos” (location with both a horse racetrack, as well as a casino). Each machine or terminal in a casino is linked together, forcing players to compete against one another for the prize, and with a set number of wins and losses, the group of machines is preprogrammed to payout at specific times.
The only catch for VLT machines is that players must announce their win in order to get the payout because the games are interactive. Although not every game has a winner, the game will be ongoing until a winner is determined.
As indicated by the name, video lottery winners are determined much like a lottery scratch card. Basically, when a game starts on a VLT, the system the machines are connected to randomly chooses a “scratch-off ticket” from those that remain. Once it receives the information regarding the winner, it sends the results to the VLT to reveal the winner, typically in some entertaining way.
Winning at VLT Machines
Obviously, the machine doesn’t have the ability to actually scratch off a ticket, but it does choose the winner from a pool, similar to a lottery ticket. Once all the outcomes in a pool are chosen, the central system receives a new pool.
The payouts can be slightly different on VLTs, as well. According to readybetgo.com, “The final results wouldn’t be noticeably different if the RNG simply picked one number from a group of numbers. Thus the mathematic methods of supplying the decisions in VLTs may be radically different than traditional RNG methods. But in the end, 1 in 10 is still 1 in 10, and 1 in 5,000 is still 1 in 5,000.” The artible goes on to explain that the reason VLTs can be slightly tighter is that they’re offered in areas where there is little competition. In fact, the typical payout is anywhere from 85% to 92%. So, if you’re playing in a casino that offers both VLTs and traditional slots machines, you’re probably better off with the latter.
Slot Machines (Class III)
Slot machines often referred to as “Vegas-style” or traditional slots are the machines you’re probably used to playing. Each traditional slot machine in a casino plays independently from other machines. The only way in which they are linked is usually in terms of the jackpot, but this is only for progressive networks.
Contrary to popular thought, there is no way to know if a certain machine is “hot.” The typical belief is that if a machine has just paid out, you shouldn’t play on it. This is simply not true. Because of the Random Number Generator, each machine has exactly the same likelihood of paying out. Unlike VLTs, slot machines are also not preprogrammed to pay out at any time, so you always have a chance at the jackpot!
When Do You Win?
To put players at ease who may have abandoned a machine in the past only to watch it pay out for the next player, you must understand that RNGs are programmed down to the millisecond, so the odds of winning if you had stayed are low. Because of this, the lever must be pulled at almost the exact time the winning number is generated.
Unlike VLTs, slot machine wins are immediate, and winners don’t have to announce their win to receive a prize. Although, I wouldn’t discourage any hooting and hollering if you’ve just landed a $10,000 jackpot. You earned it.
Some people find lotteries thrilling whereas there are people who prefer progressive slot machines. Both lotteries and progressive slot machines offer a chance to wager a small amount of money with the potential to win a life-changing jackpot. Here we discuss the pros and cons of both the lottery and slot machines. Decide for yourself which you find more exciting-
Benefits of playing lottery games
- Most lotteries offer a “multi-draw option” which lets you play several weeks in advance with the same ticket using the same numbers for successive weeks. There are some lotteries which even allow you to play continuously by Direct Debit or the similar payment method.
- In addition to the jackpot, lotteries offer smaller cash prizes which can be claimed hassle-free just by showing the winning ticket.
- Lottery games are quite easy to play and understand. One doesn’t have to understand complicated techniques. Simply using a pen or pencil to mark off your numbers enables you to play.
- Lotteries can be played at many convenient locations including local shops.
- All winners are paid automatically, just by presenting the winning ticket and satisfying some formalities. Just DO NOT LOSE YOUR TICKET!
Benefits of playing slot gaming
- There are various games available to play in a casino and they all are accessible and easily available.
- One spin on a slot machine is considerably cheaper than the cost of a single lottery ticket. One British player won £5.3m for just a 0.30p (or cent) bet.
- Slot games are available to play 24 hours a day, 7 days a week, and 365 days a year.
- You can bet as much or little as your budget allows, rather than being limited to a fixed price.
How are casinos different from the lottery?
The entire lottery system is different from casino gaming. Casino slot machines are entirely dependent on random number generators. These systems are privately owned and operated hence, the systems can be rigged, and players would never know. If the random number generator is not in your favor, you can’t win in the long run. You might have observed that prizes come in more often when you to place more bets. This is part of human psychology that slot machine owners exploit.
Lottery Number Machine
Alternatively, the outcome of most lotteries is determined by a mechanical process and all results are publicly announced. This helps ensure the lottery’s odds and allows for testing that each number combination has the same odds of becoming the winning number. Of course, experienced lottery players are aware that the fact that lotteries are so transparent makes minor imperfections in the system visible. With patience, observation, skill, and knowledge advantage players come up with custom number combinations and win the lottery jackpot.
Slot machines can make you poor overnight- lottery can’t
Gambling addiction can be a serious problem that destroys families and lives. Since lotteries are played on a slower schedule than casino gambling, they are much less likely to allow for obsessive behavior. On the other hand, slot machines are specifically designed to take advantage of human psychology. The lights and sounds are designed to catch your attention, the payback rates are designed to make a win seem just one more bet away, and the presence of other players is meant to make you feel like other people are winning. What is worse, have you ever seen a clock on a casino’s wall? Of course not, because casinos don’t want their customers to limit their play. Casino operators actually politic aggressively to control the casinos and oversee the “protection” of casino players.
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Even though lotteries benefit from excitement and dedication among players, there are a number of controls to prevent compulsive behavior. The first and most obvious difference between a lottery and a casino is that the place where a lottery ticket is purchased lacks the flashing lights and bells. Typically, the lottery advertising is competing with advertisements for gas, cigarettes, and beer. This helps keep the game in perspective. Ironically, almost all lottery commissions have instituted practices to slow down the speed with which a person can buy multiple tickets. These rules have emerged to prevent syndicates from systematically buying large numbers of tickets, but they also serve to make an individual mindful of how much money they are betting. Finally, since most lottery retailers only have a single machine, a person compulsively buying tickets gets in the way of other players (“sir, don’t you think you have enough tickets?”). Finally, the state-run lottery associations run their own gambling control programs so there is no middle man with a conflict of interest.
The returns and the entry costs differ greatly
Lottery games can offer you the chance of winning multi-million dollars in exchange for a $2 bet. In order to enter a lottery game, you just have to purchase a lottery ticket. Regardless of how many tickets a lottery player buys, he doesn’t change the jackpot value in a meaningful way.
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By contrast, casino games base their prizes on the amount you bet. For instance, if you place a bet on a roulette wheel number, the prize will be multiplied by 36 only. Moreover, casino games often apply minimum bets, limits to bets, and will even ask you to stop playing if they believe you have an advantage.
Lotteries and Casinos can both make you a multi-millionaire- but different ways
Suppose you’ve been playing the lottery for years and have experience about the combinations you should pick. When your magic winning moment comes, your life will change drastically. You’ll won millions of dollars and be able to afford every luxury you have ever dreamed of.
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Playing casino games can also turn you into a millionaire, but only if you are a billionaire. The point is, the machines and operators are programmed to keep the edge in favor of the house. You may win a small prize now and then, but you can’t beat the house in the long run. In case you have an advantage and the house gets suspicious, they simply throw you out and can legally ban you from even entering the casino. Therefore, the only way you can win the casino game is by owning the casino.