The expectation of when a machine will hit, or pay out to reach the advertised payback percentage, based on the amount of coins deposited into it.

The commonly held belief that slot machines run on pay cycles: after taking a certain amount of money, the machine pays out a certain amount of money. This is why people look for a machine that hasn't 'hit' for a period of time. In reality, slot machines pay out on a percentage basis over a long period of time, typically up to one year, not in short-term cycles.

It is commonly believed that slots work on pay cycles. In other words, after TAKING a set value of coins, the machine must PAY out in order to meet the established percentage payout.

In PeopleSoft Payables, a set of rules that define the criteria by which it should select scheduled payments for payment creation.