In gaming, a slot is a narrow opening in a machine into which coins can be inserted to make the machine work. The gamer inserts cash or, in “ticket-in, ticket-out” machines, a paper ticket with a barcode into the slot and activates it by pushing a lever or button (physical or virtual), which then spins the digital reels to rearrange symbols. When a winning combination is achieved, the player receives credits based on the paytable. Each symbol has a different probability of appearing on each reel, but overall the odds of hitting a particular symbol are relatively high.
A slot in a game is not a tradeable commodity; it’s a statistical indicator of the expected value of a bet (EV = probability of profit if you win minus probability of losing x the positive profit if you do win). Mathematically, a slots prize can only be determined by either tracking and recording all of the possible outcomes over an enormous number of spins or through a complicated process that requires advanced statistics skills.
When you purchase a slot commitment plan, the capacity is not immediately available and reservations may be in conflict with each other. However, once your financial commitment is complete, the capacity is guaranteed until the end of the committed period. For example, if you purchased an annual slot commitment, your capacity is guaranteed until the end of the year. The only way to cancel your commitment is by deleting the reservation.