History of Slot games

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EOSreel aims all gamblers who like to play online. We planned to provide our users with various casino games within EOSreel platform, however, the slot games are always our major product line.

In this article, I would like to introduce you guys the milestone of slot games, the most popular casino game in entire human history.

The very early years

Sittman & Pitt Flip Card Poker Machine
The very first slot machine

Sittman and Pitt of Brooklyn, New York, U.S. developed a gambling machine in 1891 which was a precursor to the modern slot machine. It contained five drums holding a total of 50 card faces and was based on poker. This machine proved extremely popular and soon many bars in the city had one or more of the machines.

Modern years

Liberty Bell Slot Machine
5-cent Charles Fey Liberty Bell Slot Machine

The original Liberty Bell slot machine had three spinning reels that featured pictures of playing cards. On each reel there was also a picture of a cracked Liberty Bell. The game was played by pulling the lever at the side of the machine. This set the reels in motion. The player would watch the wheels spin around and eventually come to a stop. If the reels stopped with the three Liberty Bells lined up, the player won the grand jackpot of 50 cents. The machine caught on like wildfire and the culture of slot machines had begun. The original slot machine invented by Charles Fey can still be seen in a restaurant in Nevada

The Operator Bell
50 cent Mills Operator Bell Slot Machine

The Operator Bell was created around 1910s. It was a slight variation of Liberty Bell. Though it had some innovative features, still it was very heavy: its weight was over 100 pounds. Nevertheless, Operator Bell’s neck coin entry was better fitting and the main innovative and distinctive feature — it had fruit symbols, depicted on each reel (The Liberty Bell had diamonds, spades, hearts, horseshoes and liberty bells). There were about 30,000 of such slot machines produced at that time. During the time of Operator Bell, America banned slot games. In this period of time, slot firms started producing various symbols. The BAR symbol was created in this period.

Advances in Slot Machine Technology

Eventually, modern technology caught up with the traditional slot machines and fruit machines. In the 1960s, the first electromechanical slot machines were invented. The most famous of these is Bally’s “Money Honey.” By the 1980s, the electromechanical machines were replaced with the electric machines which, as technology advanced, were replaced by the true electric machines which were powered by electric microprocessors. This type of casino slots machine allowed bigger bets to be placed, which meant there would also be bigger payouts. Slot machines continued to grow in popularity and one could see slot machines in practically every leisure club all around the world.

Bally’s Money Honey
The very first electronic Slot Machine

The machines continued to be developed, particularly with the introduction of Bally’s ‘Money Honey’ in 1963. Previously the payouts had come from tubes stacked with coins inside the machine. Money Honey’s innovation was to incorporate an electric hopper (developed for coin counting) which could hold much larger quantities of coins, making the payouts much more spectacular.

Fortune Coin Slot Machine
The first slot machine

With the introduction of the Random Number Generator, slot machines gained even more popularity. The Random Number Generator is a computer that is programmed to simulate spinning reels and to produce a totally random outcome to the spin. With the introduction of the Random Number Generator, the traditional one-armed bandit machines soon began to disappear. The slot machine could now be operated with just the press of a button. This new technology opened up a whole new world of slot machines,as manufacturers could now develop slot machines with every imaginable type of theme and symbols and with multiple payout lines. Slot machines have become so popular that they now make up about 70 percent of casinos’ floor space and revenue.

The Random Number Generator also permitted the development of the progressive jackpot slot machines. With progressive slot machines, multiple slot machines in the casino, or even in different casinos, are connected electronically. Every coin that is played on any of the connected machines causes the jackpot to grow. The progressive jackpot has no limit; it just grows and grows until somebody wins.

Online Slots Are Born

3-reels online slot game

The biggest advance in slot machine history since the invention of the Liberty Bell was probably the invention of the online casino. The online casinos really took off in the 1960s. And naturally, online casinos, like land-based casinos, have adopted slot machines as their flagship game. Many thousands of people now play slots online from the comfort of their own homes. Online slots offer everything that the physical machines do and more. The lights and colours of the online slot machines beat any land-based game, and as long as the online casino you are playing at is licensed and certified you can be sure it is a fair game.

There have been numerous instances of progressive online slots games paying jackpots of over a million dollars in real money. This is due to the fact that the Internet allows the progressive online slots games from different casinos to be linked together, so that thousands of online slots players are feeding into the jackpot until one lucky player wins at the slot machine and takes it all home. Conversely, online slot machines also offer low bets; coin sizes can be as little as 1 cent which allows the average player a good game with very little investment.

Online slot games offer multi-reel and multi-line payouts; the Cashapillar online slot machine actually has 100 paylines. The possibilities are vast with online slot machines changing every day with the introduction of more advanced computer technology. Online casinos are able to change their graphics and slot machines very easily, providing much more variety for the player. All Slots Online Casino, for example, has over 200 different online slot games and continues to add new slot machines every month.

Problems in online gamble market

The problem with traditional online gambling is the institutional regulation of the online gambling market and its reliance on inflexible payment and withdrawal systems. Market regulations prevent providers from entering the market, and inflexible payment and withdrawal systems can cause distrust of consumers toward content providers, resulting in a breakdown of otherwise healthy ecosystems.
Online gambling leveraging block chains have their own problem sets. Some of these include limited bandwidth capacity at low network speeds, adverse content scalability, fees for data transactions, and the unfamiliarity with cryptocurrency for users. Limited bandwidth capacity and unfavorable content scalability serve as a factor that hinders the ‘fun’ of the gamble service itself, and the data transaction fees and the inefficient use of the crypto-currency of users cause difficulties in attracting existing market customers.

Online Slot game on Blockchain

The very first blockchain slot game-EOSreel

Distributed ledger technology of blockchain would suggest solution for all the problems of online gamble industry. That anyone can verify everyone’s game results makes blockchain based casino games transparent since every verification process is provided, and smart contract that is applied to blockchain makes withdrawal instant.

EOSreel always seeks a way to give its users better gaming experiences and larger daily dividend. EOSreel implements fundamental value of blockchain on gambling industry because the industry has reached the point of another evolution.

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