It is not true that some slot machines are cold or hot types of slots. Hot-labelled slots are machines that pay more, while cold ones refer to slots not paying out no matter what. The presence of RNG makes this impossible because all spins are uninfluenced by the rolls that came before them. The RTP for each online slot is also different as casinos set themselves, so any gamblers do not know when they will bag huge bucks.
When referring to the action of a single machine, the “hot” and “cold” terminologies are used to describe a slot. Both indicate previous performance as hot slots are actively paying lately while cold slots are the opposite.
Essentially, loose and tight and hot and cold slots are similar but differ based on the scenario. Gamblers use “hot” and “cold” when discussing an online slot’s recent payouts. The “loose” and “tight” terms refer to the overall slot performance in a specific casino. For instance, a loose slot in a casino can be looser or tight in others.