People who regularly trade the stock markets probably know what I’m on about.
Say, an app like Robinhood. It is basically a portfolio manager cum broker. Using it gives you access to your current active investments, ability to generate colorful charts of the hottest trading stocks, apply technical indicators, or get direct feeds on what to buy or sell.
You get the drift.
But, we haven’t really got anything like that with regards to slot games.
I mean why not. After all stock trading (like those retail day traders) is pretty much like gambling too. Especially when the time lines are reduced to mere days, minutes or seconds; which is what brings about the most volume in the markets anyway.
A Redditor posted this thread, but focused on an app that can record the player gaming activity of the Gates of Olympus slot. Just go through what he had to say:
Imagine an application that can automatically track Gates of Olympus spins in real-time. It would detect when a spin starts, log the reel results (multipliers, scatters, winning combinations), and keep track of bets, wins, and losses. The data could then be displayed in an easy-to-read format with graphs and analytics to help identify patterns.
Unfortunately, he was mostly dissed around by others.
Like, for good reason also.
No one in their right mind would pay absolutely anything for something like that.
With RNG every spin is random, the volatility just determines if there are a lot of wins that are small or less wins that are bigger. There still is no predictable pattern and they are random, end of discussion.
People who build something like this genuinely believe there is something to be gained by knowing. Its absolute sillyness.
This app could possibly boost the Confirmation Bias tilt of regular gamblers
Like, if someone built it, and you plugged in all your past slot spins’ data. It could show you multiple wins originating after say, every 100 spins, or every 60 spins, solidifying the confirmation bias.
So, if your tendency is to just focus on selective wins, and ignore losses (which could be huge over the course of time), you may still find such an app appealing.
I mean slot machines by all means are random. Add in the mix of variance or volatility and you get mostly random noise.
So, high volatility would mean less frequent wins, but bigger jackpots, the ones with low variance would deliver more frequent ones, although smaller.
I guess if the data is spread over several thousand spins, perhaps a recognizable pattern can emerge, and that too on the low volatility slots. For high rollers, high volatility slots could generate similarish charts.
What I can’t get is that even if one were to put all this in the form of charts (just like the stocks), how would one predict the future?
We can’t even do that with repeatable success for high volume stocks that come with strong fundamentals and the accumulation of tons of past performance data.
But, but. I’m not against it.
In fact, personally, I think it’s a cool idea. Even if it may not mean much “initially.”
My take on technology is pretty open-minded. We shouldn’t be hunting for logic for every venture. Sometimes doing things for the sake of it can hit it big.
We’ll never know how the players would react until something like this is available for download.
Perhaps it really picks up.
Gamblers can go to any lengths to strategize and put up a defensive posture for their losses. So, personally, I believe an app that tracks the spins of popular slot titles can gain traction over time.
Some one has to code it first, though.