A narrow opening or slit, especially one for receiving something, as a coin or piece of mail. Also, figuratively, a position or assignment.
American Heritage Dictionary of the English Language, Fifth Edition
For example, if you see that someone else has hit the jackpot on a slot machine after you’ve left it, don’t be discouraged — to win, you would have had to be at the same machine in the exact same split-second as the person who did. In addition, many slots have multiple paylines that can trigger a jackpot.
In fact, some slots have so many different paylines that they can be very complicated and have a long list of rules to read through. This is why it’s a good idea to familiarize yourself with the rules of each slot before playing.
Moreover, it is worth noting that the pay table of a slot also includes information on its RTP or Return to Player percentage. This number is important to know as it can help you determine the odds of winning a particular slot game. A slot with a high RTP will payout more often but may have lower jackpots. Slots with a medium RTP will balance these factors and provide players with an optimal gaming experience.
Finally, it’s a good idea to limit how many slots you play at a time. This is a wise practice because it will prevent you from overplaying and losing money. In a casino with a light crowd, it’s fine to play two or more machines, but in a busy casino it’s best to limit yourself to one or two slots.