Does a slot's RTP lower as its progressive jackpot goes up?
It wouldn't really make sense if the slot is completely random, and the RTP is 95% regardless if the progressive is 100k vs 900k
So, if a slot is published as x% RTP, does that mean x% fixed? As in the RTP of the non-jackpot portion of the game will constantly adjust itself to get lower as the progressive jackpot gets higher.
Quote: NeutrinoLet's say a slot is published as 95% RTP. Goes for either online or real slot.
It wouldn't really make sense if the slot is completely random, and the RTP is 95% regardless if the progressive is 100k vs 900k
So, if a slot is published as x% RTP, does that mean x% fixed? As in the RTP of the non-jackpot portion of the game will constantly adjust itself to get lower as the progressive jackpot gets higher.
in video poker, the return % doesn't go down as the progressive jackpot goes up. the #'s (royal, 4 of a kind, flush, etc) are fixed.
dont know about slots but I suspect the 95% would be the base jackpot.
ie: the jackpot reset level
Such as, if a 90% RTP slot has a double up feature, would you expect to win 45% of the time on the double up? or 50%? are there regulations on that? Goes for both online and real slots.
As more bets are placed, the jackpot will increase, as will the "short-run long-term return," which could exceed 100%. But on a larger scale, the return would still be 95% because the return resets to 90% (right after the jackpot is won, before another bet is placed) and can grow to exceed 100% at times.
Quote: JBThe base game (including the seed/starting amount for the progressive) would be fixed at say 90%, with 5% of every bet going into the jackpot, making the long-term return 95%. In the short term the return could still exceed 100% when the jackpot is high enough, but you'd never know without the math model.
As more bets are placed, the jackpot will increase, as will the "short-run long-term return," which could exceed 100%. But on a larger scale, the return would still be 95% because the return resets to 90% (right after the jackpot is won, before another bet is placed) and can grow to exceed 100% at times.
so lets say a casino advertises 98% return for a slot (Blazing 7's) and .03 is added to the progressive for every $6 put in.
that's .5% added to the progressive.
so does that mean the slot is set at 97.5%?
(according to Arcade's site, the highest setting is SMI#6894 97.18%)
Quote: 100xOddsso lets say a casino advertises 98% return for a slot (Blazing 7's) and .03 is added to the progressive for every $6 put in.
that's .5% added to the progressive.
so does that mean the slot is set at 97.5%?
(according to Arcade's site, the highest setting is SMI#6894 97.18%)
Sounds right, casino probably just rounded up. Using 97.18 + 0.5% gives 97.68%, which you could advertise as 98%
Quote: dwheatleySounds right, casino probably just rounded up. Using 97.18 + 0.5% gives 97.68%, which you could advertise as 98%
cool
if the jackpot for that slot resets at $1000, whats the return % when the jackpot = $1199.99?
and how did you figure that out?
Quote: 100xOddscool
if the jackpot for that slot resets at $1000, whats the return % when the jackpot = $1199.99?
and how did you figure that out?
$0.03/$6 = 0.5%
You'd have to know the jackpot probability to figure out its return at $1199.99.
Quote: tringlomane$0.03/$6 = 0.5%
You'd have to know the jackpot probability to figure out its return at $1199.99.
according to arcade's page, the jackpot is hit approx. every 4096 plays.
at $3max/spin, then that's 2048 spins for $6.
2048 * .03 = $61?!
jackpot will be hit on avg when its $1061?!
so at that amount, it's 97.68%? ( 97.18 + 0.5%)
every $61 will add .5%?
so $1183 = 98.68%??? and at $1199.99, it'll be 98.82%?
So what are the regulations for advertising your slot payout? If your jackpot is high enough can you advertise over 100% payout? Wouldn't that be false advertising since at any moment someone could claim the jackpot and it would no longer be 100%+?
Quote: 100xOddsso lets say a casino advertises 98% return for a slot (Blazing 7's) and .03 is added to the progressive for every $6 put in.
that's .5% added to the progressive.
so does that mean the slot is set at 97.5%?
(according to Arcade's site, the highest setting is SMI#6894 97.18%)
I think casinos probably handle this differently. When I have configured slot machines for casino's they usually tell me that they want it at a certain percentage. If the casino told me they wanted the game at 92% I would set the base game up for 90% and have a 2% meter contribution giving a total payback of 92%.
Quote: DRichI think casinos probably handle this differently. When I have configured slot machines for casino's they usually tell me that they want it at a certain percentage. If the casino told me they wanted the game at 92% I would set the base game up for 90% and have a 2% meter contribution giving a total payback of 92%.
Wow damn! that's thought provoking. Makes sense but... doesn't seem like the most honest way to advertise
Quote: NeutrinoWow damn! that's thought provoking. Makes sense but... doesn't seem like the most honest way to advertise
Of course it is honest.
The main thing to remember is that the money going into the meter is not paid to the casino; it is paid back to the players. If the base game pays back 90% and there is a 2% meter, then 92% of all money bet is returned to the players. Of course the EV for every specific spin is different (since it's dependent on the meter) but the weighted average over all spins is 92%.
