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The Digital Edge (When Gamers Have the Upper Hand)
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Introduction
Among various misunderstandings surrounding online gambling , (such as the misconception that all online casinos cheat and/or refuse to pay ) exists a belief that online casinos are designed to always win, leaving players without any path to success.
Similar to physical casinos, there are several games where online gamers can gain an advantage, often because a Progressive jackpot rises to a level above the break-even point. These Progressive jackpots can frequently be located on Slot games , Video Keno games and Video Poker games .
Luckily for online players, extensive research isn't always necessary to find out when certain machines offer an advantage, as we keep track of them for you:
The jackpot information presented in this chart is generously provided by CasinoListings.com .
Online Jackpot Break-Even Figures and Real-Time RTP Rates
Jackpot | Value | Break-even | RTP | Software | |
---|---|---|---|---|---|
Rocket Jacks | $140,863 | $9,426 | 165.4% | Saucify | Play |
Triple Sevens Blackjack | $258,634 | $109,862 | 151.4% | One Card Poker | Online Craps |
Pai Gow Poker | $163,266 | $52,417 | 120.2% | Pai Gow Tiles | Three Card Poker |
Ultimate Texas Hold ‘em | $283,627 | $218,047 | 119.2% | Video Poker (Single-Hand) | Video Poker (Multi-Hand) |
Jacks or Better | $186,793 | $53,982 | 115% | Double Double Bonus | Deuces Wild |
Caribbean Stud Poker | Casino War | Let it Ride | 98.7% | Mississippi Stud | Roulette |
Keno | $75,003 | $201,245 | 97.4% | Money$uit 31 | English |
Chinese (Simplified) | Chinese (Traditional) | Log In | 96.7% | Sign Up |
In the online casino world, returns are commonly expressed as Return to Player (RTP), which is simply calculated as 100% minus the Home or including the player advantage. In traditional casinos, players use the term 'House Edge' to describe the estimated percentage of loss, or 'Player Edge' to highlight the advantage an individual player enjoys. For example, a house edge of 2.5% translates to a 97.5% RTP, while a player edge of 2.5% indicates a 102.5% RTP.
Alongside the overall RTP shared on the previously mentioned website, probabilities, referred to as 'Win Chances,' are also available for players to evaluate:
- Do they have sufficient funds to ensure an acceptable likelihood of leveraging the advantage?
- What is the 'Drop' during cycles? The 'Drop' indicates how much a player might expect to lose per event before a payout occurs.
While we need a bit more detail to tackle the second inquiry, fortunately, players can click on a game’s name, which leads to a dedicated page filled with comprehensive data.
As I compose this, I'm examining the MegaJacks Jackpot, which currently stands at $932 and boasts a 99.4% RTP (0.6% House Edge). Latest updates reveal that the average jackpot hit amounts to $1,348, which tends to happen once daily on average, with a reset amount of $300, and participants need to wager $1.25 per hand to qualify for winnings.
For additional details, explore the links below: › Online Gambling › Last updated: Nov 21, 2024
Introduction
100 , (such as the misconception that all
online casinos
cheat and/or
refuse to pay
Slot games
Video Keno games
120 One Card Poker
Online Craps
Pai Gow Poker
Pai Gow Tiles
Three Card Poker
Slot competitions featuring substantial prize pools
100 Jacks or Better
Double Double Bonus
Deuces Wild
Minimal deposit and withdrawal amounts
Acceptance of both traditional currencies and major cryptocurrencies
Caribbean Stud Poker
However, without even knowing anything else about the game, it is easy to calculate the return, assuming Optimal Strategy, and a jackpot of $0.00. This is how you will determine how much you are expected to lose, every hand, assuming you do not hit the jackpot and otherwise run at expectation.
The first page of the initial site mentioned showcases the break-even point at $1,230 with a probability of 1 in 40,391 for winning the Jackpot. This effectively serves as a Roulette with a Royal Progressive jackpot that begins with a base amount of 1200 coins, or 240 coins for each coin wagered. The Wnternetradiomercedes.com Keno could effortlessly calculate this, but I’ll also demonstrate a method applicable to any game.
So, knowing that $1,230 is the break-even value leading to a 100% return, we multiply this cash value by the corresponding probability:
Money$uit 31
In terms of cash input, this result indicates a contribution of 3.045232848 cents per hand at the break-even point. By dividing this by the wagered amount:
English
We observe that 2.436186278% of this outcome is derived from this result at the break-even level, suggesting an anticipated return of:
Chinese (Simplified)
Assuming all hands are played efficiently under normal circumstances, there exists a 97.563813722% RTP when the result does not occur.
Chinese (Traditional)
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This aligns with the 3.045232847 cents per hand, which signifies the contribution of the Progressive at the break-even value.
The most impressive aspect of this straightforward calculation is that you can perform it for any of these games. Let’s examine a non-video poker game for another instance:
As I write this, I'm reviewing Sign Up , yet another Playtech offering, which has a break-even figure of $26,968 and a probability of 1 in 23,885 for winning, based on a $5 bet.
The anticipated payout at break-even would be:
Home
With a betting amount set at five dollars, dividing the outcome contribution by the bet size reveals that:
›
22.581536529% of the overall value, at break-even, is generated from this outcome. Thus, with Optimal Strategy and assuming all other factors align:
Online Gambling
The RTP would stand at 77.418463471%, implying a player's expected loss of:
›
Let’s hypothesize for a moment that both the MegaJacks and this game were set at their break-even amounts but both based on a $5 wager: Even with its extended hit cycle, Genie’s Hi-Lo would necessitate a considerably larger bankroll to effectively pursue a win compared to the MegaJacks game, largely due to the much greater drop between hits.
If both games were to follow the same cycle pattern before yielding a result, and all else remained constant, then:
Last updated: Nov 21, 2024
You would find yourself down $4,919.99999773 (rounding to $4920) prior to the outcome occurring, at which point, you would have recouped your investment. The break-even value from a $1.25 wager is $1,230, and multiplying this by four (as $1.25 represents one-quarter of $5) results in $4920.
Conversely, the cycle for Genie’s Hi-Lo comprises 23,885 plays, during which you could lose:
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$26,968, which coincidentally represents the break-even amount for this jackpot.
Despite the MegaJacks featuring a lower likelihood of hitting, the drop is 5.4822118 times less severe than that of Genie’s Hi-Lo, simply due to the high payout contribution of Genie’s Hi-Lo to achieve that 100% return.
The main takeaway from all this is that, if you're on the lookout for online games with a favorable RTP, it's crucial to ensure that you have the funds necessary to create a significant opportunity to leverage your advantage. This necessitates not only an understanding of the chance of winning but also a grasp of the potential loss that might occur in between.