Wednesday, 23 March 2016

What are the odds of hitting a slots jackpot?

When paying a visit to a Malaysia online casino or physical casino, it is difficult not to be tempted by the promise of the big progressive jackpot slots counters, tick away in an ever increasing way amid the flashing lights and sirens of the slots floor.

If you are like most players, you will probably have dreamed about how you will spend the money if you won numerous times, but have you ever wondered what the odds of actually hitting the jackpot are? Unless you want us to pop your proverbial dream bubble, stop reading now.

If however you are curious as to what your chances really are of being the next jackpot winners, let's have a look at how these machines really operate.
When playing a typical weighted slot, the top jackpot prize symbol for each reel corresponds to just a single stop, meaning that the chance of hitting the jackpot image on one reel is one in 64. If all of the reels are developed the same way, the odds of hitting the jackpot image on all 3 reels is one in 64 to the power of 3 or 262,144. For online slots Malaysia with even bigger jackpots, the reel has many more stops. This will obviously reduce the chance to win the jackpot in question quite significantly.

At this point you might ask yourself if the odds are actually that bad? The response is yes. Does this mean that you need to keep putting coins into the machine until you insert 262,144? No and here is why:

When you play a 3 reel slot you will not be able to ascertain whether your coin is the first or the 262,144th to be inserted. Secondly if the slot's payout rate is about 90%, you should enjoy a number of small wins before you gain the jackpot. This means that you may push the spin button thousands of time, but it does not mean that you must spend a coin every time you do.

Let's look at this in detail, assuming that you are playing a three reel dollar slot that is advertised as having a 97% payout rate. You may interpret the payout rate as meaning that for every Dollar/Euro/Pound you spend, you will get at least 97 cents back. You could be right but you may also be wrong! How so? Well your first coin can earn you the jackpot, or maybe your tenth or twentieth could, you may also achieve smaller payouts or none at all.

In statistical terms, if this dollar slot really pays out at 97% you will normally gain 7,760 coins back for every 8,000 you put into it. So in true money terms the slot will only gain around $240 based on these assumptions. Whoever benefits from this retention will come down to random outcomes, or as a layman will put it...luck. Contrary to common belief, there is obviously no way of establishing when a slot payouts. It may go for extended periods of time and retain in excess of say $3000 before it returns a cent, conversely it may produce several jackpots in a matter of a day. It all comes down to its random nature. All you can do is test your luck with Malaysia online betting website!

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