What are the odds of winning the jackpot and are the odds increased by the amount of money you put in?
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Started by Miss_Livvy [2069909] on in Questions & Answers.
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- Andyman [471591]
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Here's some data to ponder on. Slot machine jackpot win chance study
No idea on odds of winning but they are increased with higher bets.. x2 for $100, up to x64 for $10,000,000.
Oh wow I don't plan on betting 10mill but it's nice to know thanks
The odds of winning jackpot is 1 : 6560
(or in simple terms, 1 in 6560).
The theoretical probability of winning jackpot is 0.0152415790276%
(or in simple terms, 0.02%).
(or in simple terms, 1 in 6560).
The theoretical probability of winning jackpot is 0.0152415790276%
(or in simple terms, 0.02%).
Short answer, yes they are. Someone (I believe) Andyman did the theoretical math a while ago you may want to search the forums.
Here's some data to ponder on. Slot machine jackpot win chance study
Mentions: Torn Slot Machine Win Chance (follow-up)
That's some really nice data Andyman :)
Now that i've won the lottery my next project involves winning the jackpot. I really need that merit!
If my calculations aren't way off (please someone correct me), supposing 1:485,000 is the chance for an imaginary 600k bet, then the chance for 10k bet should be somewhat around a /4 of that (somewhere around /3 actually because the function is y=2^x), so around 1:1,500,000 for each 10k spin.
Supposing 150 spins a day (yea we all need the 250 token refills merit, don't we) that's a 3.6% chance of winning the lottery within 1 year with 150 x 10k spins daily [(1,499,999/1,500,000)^(150*365)].
Finally supposing a win/loss money ratio of 0.972 and that you shall gamble a total of $547,500,000, you will on average lose only $15,330,000 + of course the $465,000,000 that it will take you to refill tokens daily.
Merry Christmas to all :)
Now that i've won the lottery my next project involves winning the jackpot. I really need that merit!
If my calculations aren't way off (please someone correct me), supposing 1:485,000 is the chance for an imaginary 600k bet, then the chance for 10k bet should be somewhat around a /4 of that (somewhere around /3 actually because the function is y=2^x), so around 1:1,500,000 for each 10k spin.
Supposing 150 spins a day (yea we all need the 250 token refills merit, don't we) that's a 3.6% chance of winning the lottery within 1 year with 150 x 10k spins daily [(1,499,999/1,500,000)^(150*365)].
Finally supposing a win/loss money ratio of 0.972 and that you shall gamble a total of $547,500,000, you will on average lose only $15,330,000 + of course the $465,000,000 that it will take you to refill tokens daily.
Merry Christmas to all :)