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Online Bitcoin Slots: Historical Background and Interesting Facts

One-Armed Bandit Slot

The first slot machines were significantly different from today’s slot machines. Only the idea of the game itself remained unchanged – to win a player needs to collect a winning combination of symbols. The same goes for online slots in crypto casinos. Moreover, playing slots online could be even better because of its flexibility, convenience and higher payout rates. Simple rules of the game have made online bitcoin slots one of the most popular casino entertainment.

Online Slots Origins go Back Into 19th Сentury

The very first coin-operated gaming devices were invented in 1880. These slot machines were based on a poker card game, had five reels and fifty playing cards. The player dipped a coin into the machine, pulled by the handle and watched the rotations of the reels. The “payout” system was non-standard: in case of victory, the player approached the bartender and took a beer or cigar as a prize. Today’s casinos, as opposed, offer a much wider selection of betting and withdrawal options. And Bitcoin, as well as other cryptocurrencies, has already taken the leading position in the development of the online bitcoin slots industry. 

The Evolution of Slot Machine Games

  • One-Armed Bandit Slot Machine

One-armed bandits go right after poker-base slots. These are inventions of Charles Fey, the “father of slots”. The story says that the first slot machine Fey invented in 1894. The second slot, invented in 1895, was called 4-11-44. These gaming machines came to be called “one-armed bandits” because of the lever to start the reels.

  • Liberty Bell Slot

Already in 1898, Fey invented the first slot machine with an automatic payout system – the Liberty Bell. When three symbols of the Liberty Bell fell out, the player received a jackpot of 10 five-cent coins (nickels). The novelty was so popular that even after the ban on slot machines, Fey had many orders for their manufacture.

  • Fruits 

The next stage in the history of slots was the invention of “fruit” machines. The card symbols on the reels were replaced by drawings with fruits: watermelons, oranges, apples, cherries and bar symbols. Originally, payouts on such machines were fruit-flavored chewing gums. This was done not only for fun but also to escape from the anti-gambling laws that were introduced in many states.

  • Electromechanical Slots

The first electromechanical gaming machine was invented in 1964 and was called Money Honey. Thanks to sophisticated electromechanical technology, the slot paid out wins automatically and could accept up to 500 coins without technical support.

And in 1996, the first video slot appeared, which had a bonus game Reel’Em on the second screen.

Modern Slots History. The Invention of Online Bitcoin Slots

The beginning of online slots originates in 1994, when the state of Antigua and Barbuda signed the Caribbean Free Trade Agreement. This document allowed companies from all over the world to open online casinos legally. In 1995, the first Gaming Club online casino was opened.

In 1996, the famous Kanawake Gambling Commission (Canada) was founded to protect and support online players. Many players preferred playing online, but in 1996, the United States passed the Unlawful Internet Gambling Enforcement Act, which prohibits online gambling. Nevertheless, according to statistics, now about 70% of the income of any online casino is brought by slot machines.

Progressive Jackpot Slot Games

The wide range of slot games in online casino increase the chance for winning a jackpot. The first thing a gambler has to do is to make a deposit in bitcoins. Next, choose the progressive slot that you like best among those suggested by your casino. But you should always pay attention to the number of paylines on the slot machine. It has to be more than three. In this case, you’ll have even more chances to win the jackpot!

Progressive jackpot slots with bitcoins

Today, players have a wide selection of slot machines that they can play in both classic and online casinos. In machines, there can be a different number of reels and pay lines, bonuses and symbols. Most slots are thematic, but some still use classic characters. Nowadays there’re some common slot machines, such as classic 3-reel, 5-reel video slots, progressive, bonus, etc.

Moreover, there are already enough online slots you can play for Bitcoin. Among them, the most popular are Aztec Palace, Bank Robbers, Gold Vein, Gunspinner and many others.

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