A 'Hot Slot', as the name suggests, refers to a slot machine that is deemed to be in a payout phase, meaning it's currently paying out more frequently or offering higher winnings than average.
This term is based on the belief some players hold that slot machines go through hot and cold cycles. However, it's important to understand that all slot machines are controlled by a Random Number Generator (RNG), ensuring that each spin's outcome is entirely random and independent of any previous or future spin.
In contrast to a Hot Slot, a Cold Slot is one that hasn't paid out significantly or frequently for a while. Again, remember that the notion of hot and cold slots is more of a gambler's fallacy rather than a proven fact.
The main takeaway is to enjoy playing slots responsibly, understanding that wins and losses are both parts of the gaming experience. It's always a good idea to check the RTP (Return to Player) of a slot game, as this gives a more accurate expectation of the game's payout behavior over the long run.