IGT introduces "guaranteed play" slot machines

International Game Technology (IGT), the largest slot manufacturer, has purchased Jay Walker’s new video poker concept that will soon be hitting casinos.

If the name sounds familiar, Walker made a fortune with Priceline.com.

His patented slot idea is to offer the player “guaranteed play” for a set amount of money.

And in return, the machine will give many more hands to play.

For example, a $20 buy-in will give you 75 video poker hands at the max bet of $1.25. Normally $20 will only last as much as 16 hands, so the guaranteed play machines — with the same odds — offer over four times as many hands.

You can leave at any time, but once you cash out you forfeit your remaining hands.

How can the casino make money by giving extra hands?

The trick is in the credit meter, which starts at 0 and can dip into the negative. If you have no wins in your first 10 hands, your credit meter will read -125 credits and you’ll have 70 more hands to climb out of the hole.

On the other hand, if you hit big (above 80 credits, the equivalent of $20) on your first few hands, you can cash out without risking further loss by playing out the remaining hands.

At the end of your hands, you can cash out if your balance is in the positive. If negative, you don’t owe any more than your original $20.

A solid marketing ploy for casinos to entice new and returning players, expect to see Guaranteed Play Video Poker soon and then later a slot version.

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