The acronym SLOT is short for “slave of technology,” and describes the role played by electronic gadgets in daily life. The word is an oxymoron, but it describes the type of person who cannot live without their latest electronic device. It is a term that is applicable to many urban teenagers, both guys and girls. In fact, the term ‘SLOT’ may refer to the fourth position in a flying display, which is the most famous example.
Slot machines were made famous after the first fully electromechanical slot machine was created by Bally in 1963. The company’s High Hand draw-poker machine had already been electromechanical, but this development paved the way for more modern electronic slot machines. The Money Honey slot, for example, was a popular machine, with an automatic payout system of up to 500 coins. Its popularity led to the rise of electronic games, with the side lever becoming a mere vestige.
The first slot machine had five spinning reels. As technology progressed, the number of symbols increased to 22 and there were 10,648 possible combinations. However, this limited the jackpot size and the number of outcomes. In the 1980s, slot machine manufacturers began using electronics and programmed the machines to reward winning combinations. These innovations allowed slot machines to offer more advanced bonus rounds and more diverse video graphics. Today’s slot machines can award as much as a million dollars or more – depending on the payout.