Many casinos that offer slots machines have recently begun to adopt a practice that is commonly known as “tokenization”. This is an increasingly common practice by which players can use a single token in order to buy more than one credit. With this procedure in place, casinos can then configure their slots machines that use different denominations to accept a single type of token. Simply put, slots machines that use penny, nickel, quarter, and dollar denominations can be configured to accept dollar tokens.
On the part of the casino, this practice allows a casino to greatly reduce its inventory and coin handling costs. “Tokenized” slots machines work by automatically calculating the number of credits that the player is entitled to receive in exchange for the value of the token that is inserted and it will then display the amount of credits that are available to the player. Whenever a player opts to collect his or her credits by pressing the “Cash Out” button, the slot machine will then divide the number of credits on the meter by the value of a single token and will return the result. And what of the remainder? Well, this is known as “residual credits” and the player can only play or forfeit them.
