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Slot booking is a process in which candidates are allowed to book an exam date and time as per their preferences. Once the slot booking process is done, candidates are able to download the admit card.
noun. a narrow, elongated depression, groove, notch, slit, or aperture, especially a narrow opening for receiving or admitting something, as a coin or a letter. a place or position, as in a sequence or series: The program received a new time slot on the broadcasting schedule.
When you enter a slot tournament you are given a session time for your play. The play is done on a set of machines that are programmed to hit at higher rates than normal. You do not put money in them. They are set for a time period, like 3 or 5 minutes, or a credit amount (I've seen both, not necessarily in Las Vegas.)
The chance to win big for a small investment: since slot tournaments can attract a large number of players, this also means that many buy-ins contribute to the prize pool. Considering that everyone has an equal chance of winning, there's a good chance you'll make a tidy profit on your investment.