rsactuary
rsactuary
Joined: Sep 6, 2014
  • Threads: 7
  • Posts: 791
August 14th, 2017 at 6:08:28 AM permalink
Quote: OnceDear

I don't do slots, but if it runs at 85% to fund the jackpot, what does it run at over the long term, including the day that it pays that jackpot?
Do you really play that machine in the expectation of 85% return ignoring that jackpot, or do you pay it on the hope that the jackpot is included in your potential return?



The jackpot is included in the 85% return. Which means in between jackpots, you are playing at something less than 85%.

The way they set up a progressive is to determine how much they want to feed the progressive (so let's say $0.03 per dollar bet), so then they would set the slot machine to return $0.82 cents per dollar with the jackpot paying at the reset amount. ($10 million for Megabucks). That way they guarantee themselves an 85% return, regardless of how big the progressive gets.

Of course, for Megabucks, this is all muddied by the fact that it's an annuity paid out over 26 years, and so present value calcs have to happen as well.
BTLWI
BTLWI
Joined: Nov 6, 2013
  • Threads: 4
  • Posts: 321
August 14th, 2017 at 7:01:59 AM permalink
Think of each dollar put in as being divided up.

$1 in

$.15 to house
$.05 to progressive
$.80 to base game payback
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
  • Threads: 68
  • Posts: 3002
August 14th, 2017 at 7:06:53 AM permalink
Quote: OnceDear

I don't do slots, but if it runs at 85% to fund the jackpot, what does it run at over the long term, including the day that it pays that jackpot?


Here are the annual holds in Clark County (Las Vegas area), using a July-June year (e.g. the 2017 number is July 2016-June 2017):
YearCoin InHouse %
201760,010,00013.07
201661,140,00012.46
201561,110,00011.84
201461,970,00012.04
201367,300,00011.66
201293,710,00012.84
201158,280,00011.86
201054,220,00011.52
200967,760,00011.23
200888,310,00012.36
200783,070,00011.97
200692,790,00011.32
200584,530,00012.56
200457,270,0009.9
200385,860,00011.19

As you can see, the percentage the house keeps is around 11.8% from year to year,
Indu
Indu
Joined: Aug 3, 2017
  • Threads: 2
  • Posts: 25
August 16th, 2017 at 5:24:01 PM permalink
Thanks for the information.
Indu
Indu
Joined: Aug 3, 2017
  • Threads: 2
  • Posts: 25
September 23rd, 2017 at 9:41:57 PM permalink
(Link removed by Mod. No advertising other sites and it was the worst advice I've ever seen.)
Last edited by: unnamed administrator on Sep 24, 2017
vegas
vegas
Joined: Apr 27, 2012
  • Threads: 6
  • Posts: 132
September 24th, 2017 at 4:38:06 AM permalink
This person is just trying to plug their website. Just a spammer.

  • Jump to: