A narrow notch, groove, or opening, as in a keyway, a slit for a coin in a vending machine, etc. Also: a position in a group, series, sequence, or hierarchy: He had the slot as chief copy editor.
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In gambling, a hot slot is one that has paid out more than the average amount for a given timeframe (1 hr to 30 days). The higher the volatility of a slot machine, the greater the chances of winning big on any given spin.
A common mistake that slot players make is to believe they are due a win. This is a myth. All outcomes are randomly generated by a random number generator. Each spin is a unique event and only the ones that result in a winning combination will payout.
Slot machines usually have a pay table that shows how much a player will receive if certain symbols line up on the pay lines. This information is normally displayed above and below the spinning reels. In video slots, the pay table may be a separate screen or part of the help menu. Some slot games also offer bonus features that can award large sums of money, ranging from 100x to thousands of times the player’s bet.