Mitigating house losses

When designing a slot machine does a casino have certain ratios between the amount and the amount to fund the prize?

Quote: Jim123

When designing a slot machine does a casino have certain ratios between the amount and the amount to fund the prize?

Generally the casinos don't design the slot machines.

A game like Megabucks I would expect about 2% of the money played to fund the progressive increment.

I understand that casinos don't design slot machines, they buy them from game manufacturers. Let me give a hypothetical example. Lets say we have a new game that we are designing, call it Million or nothing. The outcomes of the game are either you get three sevens and win the million dollar or you get blanks or a combination of blanks and 7's and lose. Much like the 100 or nothing machines. Lets also make this game a progressive. How does the designer mitigate the chance that a random player could play a $1 and win the million. Am I overthinking this or does the casino simply mitigate the loss though having many machines and making the odds of hitting the million very low or is there more math and statistics that I am missing?

Quote: acura1234567890

I understand that casinos don't design slot machines, they buy them from game manufacturers. Let me give a hypothetical example. Lets say we have a new game that we are designing, call it Million or nothing. The outcomes of the game are either you get three sevens and win the million dollar or you get blanks or a combination of blanks and 7's and lose. Much like the 100 or nothing machines. Lets also make this game a progressive. How does the designer mitigate the chance that a random player could play a $1 and win the million. Am I overthinking this or does the casino simply mitigate the loss though having many machines and making the odds of hitting the million very low or is there more math and statistics that I am missing?

You're overthinking it.

If it's costs $1 to play and the only winning line wins $1 million, then the odds of the winning combination will be set at something like 1 in 1.1 million to win. If someone wins it on the first spin... so be it.