Slot Machine Ng
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.
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.
Casino slot machines typically have the highest payouts at 95%. This means that for every dollar you put in, the machine is programmed to give back 95% of it at some point. Other gambling locations such as airports, bars, grocery stores, and service stations typically stock machines that have a 50% to 75% payout. In the past, many online Ng Slot Machine Play casinos required the player to enter a bonus code in order to receive a deposit bonus. This was mostly due to the fact that the gambling sites back-offices weren’t that user-friendly, and it was hard to configure triggers for various types Ng Slot Machine.
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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
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.
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.
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.
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
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.
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.
Clocking in at over 196,000 YouTube subscribers, NG Slot is one of the most popular casino video bloggers in the world. To date, NG’s channel has accumulated a staggering 157,000,000+ views as of May 2020. And his most popular video has been viewed over 1,700,000 times.
His success isn’t accidental. NG attracted his audience with a combination of a charismatic personality, high video quality, and a down-to-earth vlogging style. NG Slot isn’t a slouch when it comes to marketing, either. His thumbnails are eye-catching. His video titles grab the viewers’ attention and make them want to watch.
Let’s find out more about this Los Angeles YouTube sensation!
The Making of a YouTube Superstar
NG Slot uploaded his first video on Feb 19, 2017. The video was called Buffalo Grand Slot Machine Live Play Max Bet. In it, the future YouTube sensation tried his luck on the Buffalo Grand slot machine.
It’s easy to see that this was a first attempt. It’s a simple camera recording of a slot machine gaming session, without any of NG’s signature traits. He only plays on one machine. He doesn’t show us around the casino he’s in. And he doesn’t wow us with his energetic personality. In fact, he doesn’t even show his face:
But we all have to start somewhere. The fact that his very first attempt didn’t turn out perfect didn’t discourage him. NG continued to upload consistently. With time, he learned all of the tricks of the vlogging trade and developed his own, unique style. Now, just a few short years later, his videos have been watched over 157 million times and he was awarded YouTube Silver Play Button for surpassing 100,000 subscribers.
I am proud of getting my YouTube Silver Play Button. Thank you to YouTube for giving us an opportunity to be a creator. @ytcreators@TeamYouTubepic.twitter.com/VEralMjBkv
— NG Slot (@NGslot) February 13, 2020
And it doesn’t look like the growth of his channel will stop anytime soon. On an average month, NG’s channel gains over 6,000 new subscribers and around 7,170,000 views.
NG is quite clearly proud of his community. His social media is full of posts praising his fans for their dedication and continued support. And the liking appears to be mutual. It’s no secret that the comment sections of most YouTubers are filled with a lot of negativity. This isn’t the case with NG Slot. If you were to scroll down under one of NG’s videos, you would find nothing but support and encouragement.
NG Slot’s most popular video was uploaded in May 2019. It’s called “Biggest Handpay Jackpot On YOUTUBE HISTORY” and has managed to amass close to 1,500,000 views.
A Recipe For YouTube Success
As we mentioned before, the success of the NG Slot YouTube channel can be attributed to several key factors. The most important one is undoubtedly NG’s undeniable charisma, energy, and love of casino slots. He loves what he’s doing and his excitement is downright infectious. NG’s informal, down-to-earth vlogging style makes his videos a pleasure to watch. It almost feels like you’re going to a casino with a friend. And his good production quality, eye-catching thumbnails, and click-inducing video titles don’t hurt either.
But that’s just part of the story.
NG Slot is a true workaholic. He uploads one or two videos every single day, and he’s been doing that for years. And since his content is centered around casino slots, doing so isn’t cheap either. In January 2020, NG Slot played through over $50,000 USD worth of spins.
On his channel, NG plays a wide variety of casino slot machines, including:
- Mighty Cash
- 5 Treasures
- Dancing Drums
- Toro Gordo
- Buffalo Deluxe
- Dragon’s Law
- Kronos Unleashed
- Rise of Ra
- Black Knight
- Rising Fortunes
- 5 Sea Legends
- Fire Wolf
NG Slot Net Worth & Personal Life
NG Slot prefers to keep his private life private and does not disclose his real name. What we do know is that he resides in Los Angeles, California, and makes frequent trips to neighboring states in search of new slots to play for his YouTube Channel.
NG does not disclose his net worth and yearly income, but we can make an informed guess. Unlike many gambling-related YouTube channels, NG Slot manages to keep his monetization running most of the time. And his advertising doesn’t seem to be stunted in any way, either. We tested this out by watching 5 NG Slots videos one after another. The result? We got ads on 3 of them.
Social Blade rates NG Slot’s as a B+ grade channel and estimates his advertising earnings to be somewhere in the range between $2,000 to $25,000. Knowing that most of his audience is located in the US (a market with high-paying ads), his YouTube earnings could equal $10,000-$15,000 USD on a good month.
Who Is Ng Slots
As of January 2021, Social Blade estimates NG Slot’s earnings to be from $2k to $30k a month.
As is the case with most gambling YouTubers, most of his income probably comes from affiliate deals with online casinos, as well as donations he receives on his live streams.
NG Slot also runs a Patreon, although he isn’t overly active on the platform. His lowest patron tier starts at $2 a month and the most expensive one clocks in at a cool $1,500 per month.
N G Slots On Youtube
Another source of income for NG is his online store on Teespring. In it, NG Slots sells T-shirts, sweatshirts, hoodies, sports bags, and phone cases.