poker machine odds
Many Australia online pokies players enjoy their gaming sessions tremendously. Very few ever stop to think about the complex mathematics involved in the design and play of their favourite games, however. This Article addresses that void that providing valuable information about the way in which poker machine odds are fixed and specific types of odds you are up against while playing pokies in a land-based or online poker casino.
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Financial fundamentals of poker machine odds
We usually refer to the overall "player return" that a given pokies machine has whenever we speak of "poker machine odds." This term is somewhat analogous to the "house edge" in table games. The manner in which it is expressed is slightly different, however. Instead of the per-bet percentage that a casino expects to retain over the long haul, the phrase denotes the percentage of all wagered amounts that a player may anticipate to receive over the long run. In essence, this is the exact reverse of the "house advantage." For example, a pokie machine that offers a 95% payback percentage also has a 5% house advantage.
When trying to evaluate the odds displayed on a given poker machine, it is essential to remember that such payback data are always presented in terms of "FOR one" - not "TO one.". The practical meaning of such notations is that the payout percentage is calculated by assuming that your initial bet is lost; the machine will not return that first bet plus the on-screen payout percentage. Suppose, for example, that an online pokies payout schedule states that the device pays 5 credits for a certain symbol combination. This means that you will get back your initial bet plus only 4 additional credits.
Typical pokies machine odds
Discussing precise player paybacks for "typical" poker machines is difficult, as pokies odds vary widely among casinos and even from one game to another. A general rule of thumb to keep in mind, though, is that high-denomination games generally have higher payback odds than those of lower-denomination games.
Pokies odds for most machines in local pubs, clubs, and land-based casinos generally range between 85 and 95 percent. As a rule, live casino pokies tend to feature identical odds for all games played at a given coin denomination. Far from being written in stone, however, this rule can be quite nebulous. Pokies casino management might establish returns within a specific numerical range that is manufacturer-suggested.
Online pokies odds tend to be much more player-favourable than poker machine odds in live casinos. For example, Platinum Play is a virtual gaming vendor that offers pokies odds that equate to an overall return of 95 percent or higher on all poker machines, including those in the low-cost category.
For land-based casinos with much higher operating costs, this is a very hard act to follow. Thus, most online pokies odds are comparable to those of most table games. This in turn makes them far more attractive to serious gamers than poker machine odds available at live casinos.
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