Slots and the Future of the Slot Market
by Gabrielle on Saturday, October 2nd, 2010
The evolution of the slot sector from computerised slot machines to video slot machines and the growing popularity of internet gambling dens and mobile wagering open a world of possibilities for casino game designers to develop new types of game routines. In this new environment the possibility of improved, even unlimited, player interaction arises. Casino game designers must grasp the change and develop innovative games that produce the most of it. Attractive casino game ideas are required that will catch the interest of the players by offering them new and thrilling possibilities, yet not too new and distinct that the players are alienated. Succeeding in attracting player attention and interest is critical because of the size of the industry. In the United kingdom, as an example, wagering makes a significant contribution to the economy with an estimated expenditure of 8,875 million pounds (point eight per cent of United kingdom Gdp (Betting Act, 2005)), of which 1.74 billion pounds is made in costumer losses betting slot machines (Gaming Board, ‘05).
Slot machine game require a corresponding mathematical model to make sure the casino game is profitable and to correctly determine the minimum house edge. In those games that the player has an input, the player’s optimal strategy must be worked out to be able to calculate the min house edge. Probability, Operational Research strategies and Stochastic Processes are employed to construct these models. Great programming skills are also required. If video slots are to permit games to be a lot more interactive these games could become more advanced and, consequently, a lot more difficult to model. This is really a specialised work that only properly trained experts can perform.
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