Spin Lab Slot Machine

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The Spin Lab by NextGen is an online video slot which takes science to another level with its symbols of DNA, molecules and atoms! Although the bonus feature is really just a twist on free spins, the choice of benefits is creative and allows the player to sculpt the slot play that they really want. The Spin Lab Online Slot Review. You might have seen the famous 1982 Hollywood movie ‘Tron’ where a man got inside of his own computer game and disappeared. However, NYX has brought a science fiction-themed virtual slot that will remind you the Hollywood flick, as its free The Spin Lab online slot will take you the lab where you can experiment with your fortune. Welcome to the best place to play FREE online slots and video poker. Choose from 30+ totally FREE 3-reel and 5-reel slots. No installation or download needed, just.

The Spin Lab slot by NexGen is based on the captivating and unusual theme where the players find themselves in the chemical laboratory and entertain with elements, creating winning combinations. You will see extraordinary interface and various Bonus Games with awesome features. The multipliers can vary from x10 to x1000. After a win a gambler is able to have a Risk Game, guessing color or suit.

This insightful gambling game has worked out as one of a kind. One would think the standard set of gaming features, but when it comes to Bonus Game – everything changes and player can use his intuition while choosing Bonus functions. Extraordinary slot games enter the leading positions in the gambling sphere, so if you prefer something special have a go at Buffalo slots game with fabulous Bonuses and Free Spins.

The Spin Lab Slot Impresses by Diversity of Bonus Features

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The gaming field of The Spin Lab video slot is full of different symbols among which one can separate atoms, chromosome and formulas besides developer leaves the common pictures of gaming cards. The Spin Lab is not deprived of special Wild and Scatter that provide particular functions and play one of the main roles. Wild is colorful holograms that replace others, Scatter is a changing ball that opens the way to Bonus Games.

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Represented, online slot has a huge variety of Bonuses that player is going to choose of his own free will, determining the luckiest functions in the certain chart from 3 rows of symbols:

  • The first row contains from the set of gaming symbols. Its choice will determine their features.
  • The second row includes different Wild symbols. They can be special, Sticky or with multipliers.
  • The third row deals with paylines and includes multipliers and additional Free Spins.

In that way choosing one function in each row, the player estimates his own character of Bonus Game. We think that this fascinating slot machine is one of the most deserved in the collection of NextGen that is why don’t miss a chance to play it for free or real money.

The gaming industry is big business in the U.S., contributing an estimated US$240 billion to the economy each year, while generating $38 billion in tax revenues and supporting 17 million jobs.

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What people may not realize is that slot machines, video poker machines and other electronic gaming devices make up the bulk of all that economic activity. At casinos in Iowa and South Dakota, for example, such devices have contributed up to 89 percent of annual gaming revenue.

Spinning-reel slots in particular are profit juggernauts for most casinos, outperforming table games like blackjack, video poker machines and other forms of gambling.

What about slot machines makes them such reliable money makers? In part, it has something to do with casinos’ ability to hide their true price from even the savviest of gamblers.

The price of a slot

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An important economic theory holds that when the price of something goes up, demand for it tends to fall.

But that depends on price transparency, which exists for most of the day-to-day purchases we make. That is, other than visits to the doctor’s office and possibly the auto mechanic, we know the price of most products and services before we decide to pay for them.

Slots may be even worse than the doctor’s office, in that most of us will never know the true price of our wagers. Which means the law of supply and demand breaks down.

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Casino operators usually think of price in terms of what is known as the average or expected house advantage on each bet placed by players. Basically, it’s the long-term edge that is built into the game. For an individual player, his or her limited interaction with the game will result in a “price” that looks a lot different.

For example, consider a game with a 10 percent house advantage – which is fairly typical. This means that over the long run, the game will return 10 percent of all wagers it accepts to the casino that owns it. So if it accepts $1 million in wagers over 2 million spins, it would be expected to pay out $900,000, resulting in a casino gain of $100,000. Thus from the management’s perspective, the “price” it charges is the 10 percent it expects to collect from gamblers over time.

Individual players, however, will likely define price as the cost of the spin. For example, if a player bets $1, spins the reels and receives no payout, that’ll be the price – not 10 cents.

So who is correct? Both, in a way. While the game has certainly collected $1 from the player, management knows that eventually 90 cents of that will be dispensed to other players.

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A player could never know this, however, given he will only be playing for an hour or two, during which he may hope a large payout will make up for his many losses and then some. And at this rate of play it could take years of playing a single slot machine for the casino’s long-term advantage to become evident.

Short-term vs. long-term

This difference in price perspective is rooted in the gap between the short-term view of the players and the long-term view of management. This is one of the lessons I’ve learned in my more than three decades in the gambling industry analyzing the performance of casino games and as a researcher studying them.

Let’s consider George, who just got his paycheck and heads to the casino with $80 to spend over an hour on a Tuesday night. There are basically three outcomes: He loses everything, hits a considerable jackpot and wins big, or makes or loses a little but manages to walk away before the odds turn decidedly against him.

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Of course, the first outcome is far more common than the other two – it has to be for the casino to maintain its house advantage. The funds to pay big jackpots come from frequent losers (who get wiped out). Without all these losers, there can be no big winners – which is why so many people play in the first place.

Specifically, the sum of all the individual losses is used to fund the big jackpots. Therefore, to provide enticing jackpots, many players must lose all of their Tuesday night bankroll.

What is less obvious to many is that the long-term experience rarely occurs at the player level. That is, players rarely lose their $80 in a uniform manner (that is, a rate of 10 percent per spin). If this were the typical slot experience, it would be predictably disappointing. But it would make it very easy for a player to identify the price he’s paying.

Raising the price

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Ultimately, the casino is selling excitement, which is comprised of hope and variance. Even though a slot may have a modest house advantage from management’s perspective, such as 4 percent, it can and often does win all of George’s Tuesday night bankroll in short order.

This is primarily due to the variance in the slot machine’s pay table – which lists all the winning symbol combinations and the number of credits awarded for each one. While the pay table is visible to the player, the probability of producing each winning symbol combination remains hidden. Of course, these probabilities are a critical determinant of the house advantage – that is, the long-term price of the wager.

This rare ability to hide the price of a good or service offers an opportunity for casino management to raise the price without notifying the players – if they can get away with it.

Casino managers are under tremendous pressure to maximize their all-important slot revenue, but they do not want to kill the golden goose by raising the “price” too much. If players are able to detect these concealed price increases simply by playing the games, then they may choose to play at another casino.

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This terrifies casino operators, as it is difficult and expensive to recover from perceptions of a high-priced slot product.

Getting away with it

Consequently, many operators resist increasing the house advantages of their slot machines, believing that players can detect these price shocks.

Our new research, however, has found that increases in the casino advantage have produced significant gains in revenue with no signs of detection even by savvy players. In multiple comparisons of two otherwise identical reel games, the high-priced games produced significantly greater revenue for the casino. These findings were confirmed in a second study.

Further analysis revealed no evidence of play migration from the high-priced games, despite the fact their low-priced counterparts were located a mere 3 feet away.

Importantly, these results occurred in spite of the egregious economic disincentive to play the high-priced games. That is, the visible pay tables were identical on both the high- and low-priced games, within each of the two-game pairings. The only difference was the concealed probabilities of each payout.

Armed with this knowledge, management may be more willing to increase prices. And for price-sensitive gamblers, reel slot machines may become something to avoid.