Wednesday, March 4, 2009

Progressive Jackpot Odds and Probabilities

Progressive Jackpot Odds and Probabilities
Computing odds and probabilities in favor of instant slot machine games having 3 reels with 10 symbols over each reel is effortlessness itself. You just multiply the odds of hitting the right symbol over each real time the probability of hitting it over the other 2 reels. The formula appears similar to this actually:

1/10 X 1/10 X 1/10 = 1/1000
A short clarification: in case there are 10 potential symbols over each reel, in that case the odds of hitting 1 of those 10 is 1/10. The probability of hitting that similar symbol over the entire 3 reels is the product of the probability of hitting it over each reel.

A casino flourishes with payouts that aren't comparable to the actual odds of hitting the jackpot. In a case somewhere you have a 1 in 1000 probability of hitting a jackpot, in case you paid out 999 to 1 or else 998 to 1, the distinction in the payout against the real odds would be your ensuing profit.

However progressive jackpots are at times marvelous. At times you can even locate progressive jackpots of $1 million or further. So as to achieve this, slot machine producers had to turn out to be programmers, since sensibly, a mechanical slot machine game was restricted to 3 or 4 reels having 20 or so symbols over each reel. A mechanical slot machine's reels are real strips of metal, moreover with over 20 symbols over each of them made them excessively huge to in fact run the machine.

However by means of a random number generator program, a casino can arrange "virtual reels" having a limitless number of symbols over each. They can create multiple reels as well. As the probability of hitting the jackpot turn out to be much lesser, the amount of the jackpot can turn out to be much bigger.

Here's what the probability of hitting the jackpot are over a 3 reel machine having 30 symbols, as well as for a 5 reel machine having 30 symbols:

1/30 X 1/30 X 1/30 = 1/27,000
1/30 X 1/30 X 1/30 1/30 X 1/30 = 1/810,000

In case the odds of hitting the online slots jackpots are 1 in 810,000, you possibly will with no trouble have a payout of $500,000 or else even $600,000 and still keep a firmly money-spinning slot games.
As progressive jackpots cultivate continually until a big shot hits the jackpot, you possibly will in theory make a positive prospect bet over a slot machine game, In case the jackpot were great enough. In the given example, in case the jackpot was $810,001, you'd be making a positive prospect bet.

The setback is that the slot machine producers don't make it that trouble-free. They employ algorithms within their random number generator software that arrange a % payout, thus it's mysterious to a player what the dollar amount over the jackpot should be to have a positive prospect bet.

If I just recognized the settings for Cash Splash or Wow Pot, maybe I possibly will wait until the jackpot was huge enough to play, and lay positive prospect bets continually. However conversely, just having fun is generally positive prospect enough to outfit me.

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