Define one-armed bandit. One-armed bandit synonyms, one-armed bandit pronunciation, one-armed bandit translation, English dictionary definition of one-armed bandit. A slot machine for gambling operated by pulling a lever on the side. In the multi-armed bandit problem it would be choosing and playing one of the set of slot machines. In the simple power socket and bandit problems actions are taken at discrete time steps. In other words, one action is taken after another and, in these problems, there are a fixed number of total actions. Fey would go on to create the more popular Liberty Bell in 1895, also known as the “one armed bandit,” and slot machines would migrate to the mining towns in Nevada with unparalleled success.
Also found in: Thesaurus, Idioms, Encyclopedia, Wikipedia.one-armed bandit
(wŭn′ärmd′)n.
one-armed bandit
orone-arm bandit
nslot′ machine`
n.
| Noun | 1. | one-armed bandit - a slot machine that is used for gambling; 'they spend hours and hours just playing the slots' fruit machine - a coin-operated gambling machine that produces random combinations of symbols (usually pictures of different fruits) on rotating dials; certain combinations win money for the player coin machine, slot machine - a machine that is operated by the insertion of a coin in a slot |
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What is a One Armed Bandit
If you like to play slot machines, you are probably familiar with the
nicknames that have been attached to them over the years? Although there have been many, none have stuck around for longer than “one armed bandit.” When it comes down to it, almost every gambler knows that a one armed bandit is the same as a slot machine. The question is: why are slots called one armed bandits? Does this mean that they have nothing to offer, and will steal your money?
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First off, the one armed part of the nickname is easy to understand. When you sit down at a slot machine, you will notice that there is a lever located on the right side; this looks much like an arm. But since there is no lever on the left, it looks like the machine only has one arm.
Now, it is time to take a closer look at the “bandit” portion of the nickname. Generally speaking, this is also self explanatory. The machines are called bandits because they are known to take every last penny from the player. While this is not always the case, over the years many have found that it is quite difficult to win at slot machines.
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The one armed bandit nickname has been around for many years. Despite the fact that players are aware of how difficult it is to win, they still give one armed bandits a try on a regular basis. When it comes down to it, the potential reward and fun factor are simply too much to resist.
In the end, the one armed bandit is the one that usually wins. After all, casinos would not have hoards of slot machines on the floor if they were not making them any money. For now, the one armed bandit is still known for robbing players of all their money!