The three-reel design was a hit in bars and became a casino standard, but for decades gaming houses considered them little more than a frivolity distractions for the wives of table-game players.

Accordingly, casinos were dense with table games, and slots were relegated to the periphery. That began to change in the 1960s, when Bally introduced the electromechanical slot machine. The new rig let players insert multiple coins on a single bet, and machines could multiply jackpots as well as offer up smaller, but more frequent wins. Multi-line play was introduced alongside the classic horizontal lineup, players could now win with diagonal and zig-zagged combinations. The new designs sped up gameplay and breathed life into the stagnating industry. William Si Redd, the bolo tie-wearing Mississippi native who oversaw some of Bally s new projects during the era, was instrumental to that renaissance. The player came to win, he said, he didn t come to lose, so speed it up, give him more, be more liberal.

Let him win more, but then you make money still with the speeding up, because it was extra liberal. In other words, the new machines lowered slots volatility gaming parlance for the frequency at which a player experiences big wins and losses. Image courtesy of the University of Nevada, Las Vegas.

In the 1970s, Redd left Bally and founded another gaming manufacturer that was later renamed IGT. IGT specialized in video gambling machines, or video poker. Video poker machines could be designed to have even lower volatility, paying players back small amounts on more hands.

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