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History of Slot Machines
An American invention, slots have since become very popular all around
the world. The most notable places include Europe, Africa, South America,
Asia, and the Caribbean. As a 29 year-old Mechanic, Charles Fey manufactured
the first reels for gaming in 1887, a heck of a long time ago. San Francisco
was the town to be in if you were a precognitive zombie at the turn of
century, and what fun it would be to be there now. The first machines
were manufactured by hand by Fey himself and placed in the local gambling
palaces on a 50% rental basis. So in addition to being the inventor, Fey
was also the first proprietor of the machines. Somewhat surprisingly,
and against some modern mythology, Fey's first machine was not any more
bulky or any more crude than modern day examples. Nor did it's reels carry
the fruit symbols common today. The first slot machine was actually called
the Liberty Bell, how appropriate a name for the game that has become
a symbol of American culture and capitalism. The original symbols included
the standard playing card imagery we are all used to - hearts, diamonds
and spades- along with bells, horseshoes and a star. This original machine
can still be seen today in a collection at the Liberty Belle Saloon and
Restaurant in Reno Nevada, which is owned and operated by Fey's own lineage.
Presented in 1887 as a 'New Nickel Operated Machine', Charley Fey, machinest
and gamer, provided the world with what would become a phenomenon. The
San Francisco Chronicle described Fey's machine: "A machine featuring
3 reels mostly hidden with Horseshoes, Spades, Diamonds, Hearts, Bells
symbols on reels. The device is operated by depositing a nickel in a slot
to release the handle, when the right combination of symbols stop in the
window the player is awarded coins ranging from 2, on 2 Horseshoes to
20 for 3 bells. Most of those present agreed the machine should be a great
success"
A great success it has been, without room from disagreement. The movement
of money is an interesting thing in and of itself. Just how much money
was fed into the machines in Nevada and the Caribbean to get to the $300
million yearly gross revenue? If we do a little basic math… working on
the average that 10 cents of each dollar deposited is retained by the
player, then $3 billion worth of pennies, nickels, dimes, quarters, ect
move through the 50k of machines.
You may be familiar with the name 'Big Bertha' when it comes to the reels.
This machine was designed to accept half dollar and dollars, and to pay
back about 80% of what it takes in. The box is made for the most part
to be a propaganda machine, catching customers imaginations and desires
in one big metal image.
Well it worked, which is proofed by the appearance of the Super Big Bertha.
This six by ten foot super slot machine is said to have cost more than
one hundred and fifty thousand dollars to produce. A Five horsepower electric
motor is needed to power the twenty inch wide chain driven wheels. With
eight reels containing 20 symbols each, there are 25.6 billion different
possible combinations. That's right BILLION. Only one of which actually
pays the 1 million dollar promised prize. A little more basic math shows
that with these odds, one individual would have to put about 205 billion
one dollar spins to work to mathematically hit the million dollar prize.
Not the best return on investment ever conceived, except from the casinos
point of view.
