RTG Random Jackpots - check this out!

[RobWin]

[QUOTE]

Actually that was a perfect analogy, and they can be compared because a portion of every bet is a bet on the random jackpot.

Yea but Slots, you're comparing standardized pay tables to a "Random Jackpot" of course a portion of each and every bet goes towards building it...

Whichever way they have implemented the jackpot is fine with me but neither of us can say with certainty which method they chose, unless one of us was the programmer who coded it (I know it wasn't me - was it you? ). All we can do is speculate.

Totally agree

It seems to imply that the mathematically fair implementation is used, meaning, a big bet contributes more to the jackpot and therefore has a proportionately better chance of winning it.

Like I said the big bettors, me included, choose to bet this way and of course the same % of bet is going to build the "Random Jackpot" $0.20 cent bet...whatever the percentage is ...lets say 2% and a $100.00 bet would also contribute 2% to the Random Jackpot...but if your analogy is true then they should rename the "Random Jackpot" to "The Mathematically Fair Jackpot" !!

[SlotsWizard]

All I'm trying to say is that I have no idea how they have implemented it. If they are using the method you think they are using, it's not fair in the mathematical sense. Whether or not it is "morally" (not sure if that's the right term) fair is a totally different matter.

Most progressives eliminate this problem by either requiring a fixed bet size from all players, having one's chances of winning be proportional to their bet size, or having the same chance of winning but having the portion of the jackpot that is paid be proportional to their bet size. Examples include:

Fixed Bet Sizes
Jackpot Deuces
Jackpot Piñatas
Millionaire's Club
SupaJax

Proportional Chance of Winning
Mega Moolah
Rapid-Fire Jackpots at Cryptologic casinos

Proportional Amount of Jackpot Paid
Boss Media Jackpot Poker
MegaJacks
Super Jackpot (Cryptologic)

if your analogy is true then they should rename the "Random Jackpot" to "The Mathematically Fair Jackpot"

Whether or not it's mathematically fair is irrelevant, because both methods are still random.

If your theory about the RTG jackpots is true, then they don't fall into any of the above three categories, and the best way to win them would be to always bet 0.01 per spin and hope for the best. Given the amount of high-betting winners, I'm not sure that this is the case. But can we agree to disagree?

[kakata]

So sorry to iNetBet for not posting sooner but "YES" this was me that won the Mermaid Queen Sunday night! My first at iNetBet and it was great! I already have the money in my account. They are for real and I feel totally safe playing with them and pretty much only them. They are by far the fastest at paying of any casino I've played it...and I've been playing online since 2000.

WTG............let us know thou when and if you will win again....................
Good Luck you goin to need it

[RobWin]

All I'm trying to say is that I have no idea how they have implemented it. If they are using the method you think they are using, it's not fair in the mathematical sense. Whether or not it is "morally" (not sure if that's the right term) fair is a totally different matter.

Most progressives eliminate this problem by either requiring a fixed bet size from all players, having one's chances of winning be proportional to their bet size, or having the same chance of winning but having the portion of the jackpot that is paid be proportional to their bet size. Examples include:

Fixed Bet Sizes
Jackpot Deuces
Jackpot Piñatas
Millionaire's Club
SupaJax

Proportional Chance of Winning
Mega Moolah
Rapid-Fire Jackpots at Cryptologic casinos

Proportional Amount of Jackpot Paid
Boss Media Jackpot Poker
MegaJacks
Super Jackpot (Cryptologic)


Whether or not it's mathematically fair is irrelevant, because both methods are still random.

If your theory about the RTG jackpots is true, then they don't fall into any of the above three categories, and the best way to win them would be to always bet 0.01 per spin and hope for the best. Given the amount of high-betting winners, I'm not sure that this is the case. But can we agree to disagree?

...Ok Slots...I Give...

[paul02085]

I agree with the higher you bet the better your chances. That is why most progressives have separate machines for .25 and 1.00 and 5.00.

I have also seen machines online that have a high jackpot for $5 but if you change the coin size to a lower denomination the jackpot goes lower too.

Random Jackpot is not the best title they could have used for these.

[hippo925]

This has been debated several times before.

1. The mathematically fair way to decide a winner is to give those who bet bigger a greater chance of winning the jackpot, like the Rapid Fire jackpots at Cryptologic casinos.

Example:
Bet 0.20 to get 1 chance to win per spin
Bet 0.40 to get 2 chances to win per spin
Bet 1.00 to get 5 chances to win per spin
Bet 2.00 to get 10 chances to win per spin
Bet 5.00 to get 25 chances to win per spin
Bet 10.00 to get 50 chances to win per spin
Bet 20.00 to get 100 chances to win per spin
Bet 100.00 to get 500 chances to win per spin

2. The mathematically unfair way to decide a winner is to have each spin - regardless of bet size - have an equal chance of winning.

Example
On each spin, the RNG picks a random number for the player of between 1 and 1,000,000,000,000,000,000,000. The winning number is predetermined to be 353,791,663,505,284,629. If they match, the player wins the jackpot, and bet size has nothing to do with it.

iNetBet has repeatedly stated that method #2 is how the jackpots operate. If I remember correctly through, that statement was refuted by Club World (at least a year ago, probably longer) who claimed that method #1 is how the jackpots operate.

I'm inclined to believe that #1 is actually how the jackpots operate, because it's fair (in the mathematical sense) as well as logical. It may not seem to fair to us low rollers, but if it didn't work that way it would be extremely unfair to the high rollers - as well as those low rollers who occasionally cross the line into high rollerdom. If bet size didn't matter, we would all be betting a 0.01/spin trying to hit the jackpot.

the first explanation is how i see it. it's essentially the same as my explanation, but obviously from a mind that is more mathematical i do remember inet trying to explain it as #2, but that never made sense to me either.

i do understand robwins issue though, because when i first started playing rtg a while back, i too thought "random" jackpot meant random regardless of denomination. newbies to rtg games would in fact be playing on a false assumption. as a newbie, i thought i was playing smarter at low limits because i thought my "chances" were the same as a high roller...

[Matthew23]

Example
On each spin, the RNG picks a random number for the player of between 1 and 1,000,000,000,000,000,000,000.

1 sextillion to 1?

I don't like those odds lol... You would have to have started spinning continuously since the "Big Bang" and it still would not hit during the next Billions of years

I would have thought it would be more around 5,000,000 to 1

[SlotsWizard]

1 sextillion to 1?

I don't like those odds lol... You would have to have started spinning continuously since the "Big Bang" and it still would not hit during the next Billions of years

I would have thought it would be more around 5,000,000 to 1

I was using my own personal odds of winning as an example.

Some people's odds of winning a Random Jackpot seem to be more like 1 in 4.

[AudiManinBoro]

Random jackpot should be Random!. It shouldnt matter what bet size you play with so long as all lines are selected. As you said slotser the higher you bet the nicer the wins you could make anyway or the losses. But to be random it means that everyone should have the same fair chance of winning. If the higher you bet the higher the chance of an RJ win then RTG is technically in breach of false advertising because that is NOT random.

[SlotsWizard]

Random jackpot should be Random!. It shouldnt matter what bet size you play with so long as all lines are selected. As you said slotser the higher you bet the nicer the wins you could make anyway or the losses. But to be random it means that everyone should have the same fair chance of winning. If the higher you bet the higher the chance of an RJ win then RTG is technically in breach of false advertising because that is NOT random.

If the jackpots paid out using the mathematically fair system, it would not mean that it's not random.

Let's use the lottery example, and say that each ticket costs 0.20. Are you saying that if you choose to spend $100 on these tickets, that you would be happy if you only received one ticket and not the 500 that you paid for?