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Interesting Facts About Online Slot Games

Online gaming is undoubtedly the most popular pastime/hobby throughout the world. The incredible advancements in technology over the past two decades have meant that online gaming is ultra realistic and offers an incredible experience. The tech we have today would make the likes of King Louis XIV green with jealousy. In the western world, even the most ordinary of us have access to 100x more luxury than any King or Queen to have existed prior to 50 years ago.

Where online gaming is concerned, one of the most improved areas has been the online slots scene. With hundreds of thousands of followers across the world, the online slots industry is worth billions of pounds in 2023 and that number is only expected to increase. There are plenty of myths surrounding slot machines and with this in mind, the TechBuzzIreland team thought that it would be a good idea to take a look at six interesting facts about online slot games.

Slot Machines Industry Expected to be Worth over £9 Billion by 2030

According to market researchers, the slot machine industry is expected to be worth over £9 billion by 2023, an increase of over 4% per year from 2023 statistics. This is worldwide growth and coincides with the increasing number of people deciding to play online slot machines. Of course, the majority of players are located in Europe and Japan as online casino gambling remains ‘illegal’ in the USA. If the US slots scene was to be legalised, the industry could be worth over double what it is worth now overnight. Even if California alone was to see its online casino industry legalised, the slot machine industry would be worth over £15 billion, easily.

Online Slot Machines are NOT Fixed

One of the biggest myths of all time is that online slot machines are fixed. Of course, this is not the case and one of the main reasons for this is because the industry is regulated. Where the UK and Ireland are concerned, online slots are regulated by the country’s government. All online casinos (and all online gambling operators for that matter) are required to prove that their games are 100% fair. Once they have done this, they are granted a licence to be able to offer their services to UK and Irish citizens.

Therefore, despite what you may have heard, we can guarantee that online slot machines are not fixed.

Online Slot Machines are NOT Boring

If you do not know much about slot machines, you might picture the old-fashioned one-armed bandit machines which litter the Las Vegas strip. However, the online video slot machines are completely different. To begin with, the newest slot machines are full of different features which were designed to both ensure excitement as well as improve the possibility of payouts. Online slot developers are disassociated from the operators themselves. The developers want players to play and enjoy their slots whilst also winning money at the same time. For this reason, they make every effort to create fun and great looking slots.

Themed slot games are becoming increasingly popular. Some development companies work with TV shows from Netflix series’ in order to create branded slots. In 2023, there are slots themed on Peaky Blinders, Hell’s Kitchen and a variety of other shows in pop culture. You can even play a Gladiator themed slot!

Online Slots are Tilted in the Favour of the House

Like all casino games, the house always has the advantage, and this includes slot games. Casino games come with what is called a return to player (RTP) percentage. This is essentially the amount of money which is paid back to the player from the game in question. For example, the better slot games will have an RTP of around 97%, this means that for every £100 put into the machine, the player will receive £97 in return. Of course, this is a sum based on millions of reel spins and does not take into account luck.

The casino game with the lowest house edge is usually European Blackjack which is close to 99%.

There ARE Online Slots with Thousands of Paylines

Old fashioned slot machines usually had no more than 10 paylines. Paylines are the spaces on the reels which, when symbols align on them, ensure that the machine pays out. In 2016, the development company Big Time Gaming (BTG) invented the Megaways mechanic. This mechanic allowed slot reels to change and align differently which resulted in modern video slots being able to offer over 100,000 paylines!

Today, there are hundreds of different Megaways slot games, many of which offer 117,649 paylines. These slots are some of the most exciting around and according to SlotsHawk.com, the best paying slot machines can trigger wins of up to 50,000x the bet.

There IS such a Thing as Online Penny Slots

Yes, penny slots do still exist. Simply put, there are new online slot machines which allow the player to bet £0.01 per spin. Although these slots aren’t too common, they certainly still exist. One of the advantages of playing slot machines online is that you can bet an amount you feel comfortable with. They come with minimum and maximum bet limits. You can bet anywhere from £500 per spin down to spinning for a penny.

Final Words

So, there you have it, the world of online slot machines is far different to what you probably expected. We hope that this article was able to help inform you on the truly spectacular online slots scene.

If you have any questions, please do not hesitate to let us know in the comments.

Check out the ultimate facts about bitcoins!

Bitcoin is a known word in today’s time, and everyone is well aware of this digital currency. Every kind of money has a structure and a physical appearance, but it is not the case in bitcoin. It is digital money that is attracting a higher number of individuals towards it and is appearing in several headlines these days. Bitcoin is not like physical money, as it is a digital coin. It is the cryptocurrency that is safeguarded entirely with the use of cryptography. These codes are not possible to read unless you have the key. You should understand that bitcoin is not the only crypto, as there are thousands of cryptos. But when we talk about the most famous one, bitcoin comes on top. Despite this popularity, people are still unaware of the basic facts about bitcoin. Some people don’t understand the concept and workings of this digital money. So let’s dive into the world of bitcoin to learn about this crypto in brief. Learn how you can protect your Bitcoin against hacks and theft.

It is a global currency!

The supply of bitcoin is not in the control of the government of any country. It is what makes this digital currency very tempting; there is actually an algorithm developed by the founder of bitcoin that is responsible for determining how many bitcoin are going to produce and added to this world. Bitcoin follows the algorithm money supply structure that differs from fiat currency.

It is totally up to the central bank how they want to determine the amount of money to print. Bitcoin is a desirable option for people who don’t have faith in the working of the central bank to manage their money. The universal nature of bitcoin makes it accessible to everyone. The best thing is that you can make the transfer to every region of the world without the disturbance and involvement of third parties.

It uses blockchain technology!

Without making use of blockchain technology, there is no way for bitcoin to survive in the market. Even many people argue that blockchain technology is more critical than the whole concept of bitcoin. It is the dispersed ledger technology which is responsible for recording the database for all the transfers.

The fantastic thing is that it is immutable. Any person can have the ability to download and looking the records, but they don’t have the power to dive into it and edit the history. It means that bitcoin transfers always appear on the blockchain and don’t disappear at any cost. You can contribute to adding the records on the blockchain, but you can edit it. There is a huge potential in blockchain technology which is why bitcoin is performing so well in the market.

Bitcoin is fast!

All credit goes to the blockchain as the transfers of bitcoin happen in a much faster way than those of traditional money transfers. Because blockchain is an immutable ledger technology, you will not require the middleman who takes time to validate the transfer. In blockchain technology, the validation of transfers occurs through blockchain, and that too in a few seconds. So you can send bitcoin anytime, and the person will receive them in less than a few minutes.

Bitcoin is volatile money!

You might not be aware that bitcoin also has a feature linked to gold, which is its scarcity. You will not believe it, but the algorithm controlling the whole production of bitcoin has an expiry date of 2140. So there will be no bitcoin after this year. It is known that scarce assets make them a unique and appealing investment option. But at the same time, it is also very volatile.

If you know about bitcoin a little, then you can say that bitcoin doesn’t have a smooth ride in its price. When bitcoin was launched, its value was one dollar, and now it’s thousands of dollars. The wild volatility in the value of bitcoin makes it an appealing investment option, but it is also risky. Because the value of bitcoin doesn’t always go up, sometimes it falls to a considerable level, and people bear the loss. It is the reason why people trust bitcoin as a speculative investment type. But people are ready to take the risk and want to make money from bitcoin.

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