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Stuff To Blow Your Mind

One-Armed Bandits: The Science of Slot Machines

Stuff To Blow Your Mind

iHeartPodcasts

Social Sciences, Science, Life Sciences, Natural Sciences

4.36K Ratings

🗓️ 22 September 2015

⏱️ 62 minutes

🧾️ Download transcript

Summary

You may call it a slot machine, a fruit machine or a one-armed bandit, but the reality is the same: an algorithmically precise machine designed to drain the human gambler of all his or her earnings. Where did these insidious machines come from? How do the

Transcript

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0:00.0

This is an IHeart podcast.

0:04.3

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0:43.6

Welcome to Stuff to Blow Your Mind from How StuffWorks.com.

1:11.3

Step right up, step right up, ladies and gentlemen, test your skills and test your wits against the incredible one-arm bandit, the fruit machine, the puggy, the three-eyed savings buster, yes, sirree, you sink your coins, you pull the bar, and dance with Lady Luck.

1:16.2

Remember that when you play a slot machine, no strategy is required.

1:22.3

The slot machine is controlled by a mathematical algorithm program to deliver a set number of wins.

1:27.3

A set number of losses is just you against the godless predetermined mind of the machine.

1:45.2

So step right up and take your chances. How about you, sir, right there. Why don't you step on up and try your hand at the one-arm bandit here? Oh, well, yeah. I say this looks intriguing. It sure does, sir. Just put your coin in there, pull the bar, and see what Lady Luck has in store for you. Really? Really? Just one coin and I could be rich forever that's how it starts sir you just put in one coin and uh we'll see how the algorithm

1:50.8

treats you okay am i playing it right now you're playing it right now that's right now that's right

1:54.8

sir just pull the lever up yep there you go oh well it didn't work out for you this time.

2:01.5

Do you have some more coins, sir?

2:03.2

Well, I sure do.

2:04.0

I don't want to lose out on a chance to get rich.

...

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