Quote:
Originally Posted by vinylweatherman
Not so.
For the games to be fair, the chance is not PER SPIN, but PER $. Although players playing at $5 per spin would contribute 5c each time, they would also have 5x the chance of hitting the RJ on each of those spins, thus the RJ's would be hitting at the same average long term value irrespective of the average size of wagers chosen by players.
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I thought about this, and it doesn't seem unfair at all that the odds of the random event happening would change X's the amount wagered by the player, this just equals the chance the random jackpot will hit per amount wagered by all players. It actually makes sence and is fair for all players playing the machine high roller or low roller.
However, it still does not predict the outcome of when the random jackpot will hit, so the the pot would grow and the higher wagering players would just increase the random jackpot even more.
Here's one that seems unfair, and I don't want to change the subject, but, when random jackpots do get high players are more likely to play them more. High rollers and low rollers. If a low roller hits the random jackpot
"more power to that considering X's wager" the high roller is the one who takes the big lost because of amount invested.
Point being! Maybe in
RTG casinos there should be two types of Random jackpot machines high rollers only and low rollers only. Just a thought!
Quote:
Originally Posted by vinylweatherman
The same principle can be applied (and indeed IS) to the big lotteries, where the total prize money exceeds the cost of buying a ticket covering every possible combination. In this case, you WILL hit the jackpot, the risk is finding it has been shared to a player not in the group (and the art is in calculating the "value" of this risk, and factoring it into the decision as to whether to hit the lottery, or wait and hope for another roll-over).
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At about 200,000,000 to one in some lotteries you better have allot of investors...
