Is it true that slots spin on a schedule?

Is it true that slots spin on a schedule?

Dude, forget it. It's a myth. Slots work on algorithms, and they don't have any schedule.

Oh, no! During the day they often play at a loss, and at night more people come in, and the payout increases. It's a fact.

On hype -busy slots are more often like this. Old stuff works differently.