Neutrino
Neutrino
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July 7th, 2014 at 3:21:43 PM permalink
Let'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.
100xOdds
100xOdds
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July 7th, 2014 at 3:35:07 PM permalink
Quote: Neutrino

Let'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
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
Neutrino
Neutrino
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July 8th, 2014 at 1:21:59 AM permalink
A related question. Are the double up features of slots (not video poker) paying according to 50/50 or the RTP of the slot?

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.
JB
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JB
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July 8th, 2014 at 1:51:27 AM permalink
The 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.
100xOdds
100xOdds
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July 8th, 2014 at 5:54:44 AM permalink
Quote: JB

The 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%)
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
dwheatley
dwheatley
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July 8th, 2014 at 6:27:39 AM permalink
Quote: 100xOdds

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%)



Sounds right, casino probably just rounded up. Using 97.18 + 0.5% gives 97.68%, which you could advertise as 98%
Wisdom is the quality that keeps you out of situations where you would otherwise need it
100xOdds
100xOdds
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July 8th, 2014 at 7:59:18 AM permalink
Quote: dwheatley

Sounds 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?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
tringlomane
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July 8th, 2014 at 8:36:51 AM permalink
Quote: 100xOdds

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?



$0.03/$6 = 0.5%

You'd have to know the jackpot probability to figure out its return at $1199.99.
100xOdds
100xOdds
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July 8th, 2014 at 9:19:55 AM permalink
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%?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
Neutrino
Neutrino
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July 8th, 2014 at 10:38:36 AM permalink
So I guess it comes down to how the casino advertises, since the base payout + seed is fixed according to JB.

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%+?

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