Casino Slot Machine Pools and Prize Fund
Let’s try to understand how big winnings are shaped in online casino and what it depends on. Where does the software get the big money it gives? How does the software raise money? Need to consider parameters such as the amount of bet, the prize fund (pool) in the slot machine, the distribution and length of the selected video slot, the number of players in the chosen casino?
From the article, you will learn how to create a pool and prize fund for big wins on video slots, what it is, and how variables are taken into account when calculating. Below is also a comparative table with all affiliate online casinos. It shows the casino’s affiliation to one or another network and the approximate number of players for each. A big win means 200 or more bets. So, with a 10 euro bet, we win 2000 euro or more.
Slot machines in the casino operate on the pyramid principle. Part of the fund of large payouts on low stakes is reserved for winnings on larger bets. Therefore, players who are more active in a separate casino have more of the total prize fund. Indeed, the principle of operation of Netent slot machines can be compared with a jackpot with various denomination tickets. Each group has its own prize fund and various bonuses.
The Prize Pool Concept
The cheapest bets within these limits (bets of 0.25 to 5 euros) are played by an overwhelming number of players and the chances of a big win are much higher. Most likely, he will receive the largest percentage from this prize fund to generate the big winnings on the high stakes. This parameter can even reach 10% of the fund amount. So the casino motivates the players to make the bets bigger and collects money to make a big payout.
These cheap bets (bets of 5 to 10 euros) are played by far fewer people than the previous group. Many bonus hunters try to increase the spread (usually between 5 and 10 euros) by playing at the maximum bets allowed. The goal is to calmly recover the bonus after the big win on minimum bets. Such artificial efficiency boosts at these limits create a large prize fund to generate large sums, capture bonus money, and payout winnings on larger stakes.
Medium bets (bets of 10 to 50 euros) – the most profitable limit for a player. At these limits, the number of players is tens of times smaller than others, but here the money is collected from the previous limits (bets € 0.25 to € 10) and there are fewer participants in the “draw”. It seems that personal statistics (win/lose balance) and the player’s group have a significant impact on the results.
Expensive bets (bets from 50 Euros to the maximum) – this is the most profitable and unprofitable position at the same time to get a big win in the casino. The big winning chances on these bets will be huge (for money), but there are not enough players and the prize fund from small bets is filling extremely slowly. Here the player’s account history will play a decisive role: win/lose, bet slips, deposit amount, and current balance. Playing games here can only be logical with the maximum risk.
What is the Prize Pool?
The prize pool is the sum of all players’ bets and is won in an online casino (or network). So, for example, if 100 people play € 1 per spin and win € 20 in total, the total “prize pool” will be € 80.
- Depending on the video slot chosen, between 1% and 10% of this fund will go to the casino.
- Depending on the length of the cycle and slot machine distribution selected, between 5% and 90% are paid out to all participants as winnings. The remainder are kept for the next fund. The higher the spread and the longer the cycle is, the more money will be reserved for the next lottery, meaning few players will receive wins exceeding their bets in the current round.
- High bets of 1% to 10% go into the big winning pool.
- These are these parameters that are key when creating the total prize fund pool for winnings in the slot machine.
It is important to know that the prize pool is unique in every casino. For example, if you play in a new casino with no players, you will not have a higher chance of winning than your starting balance. At best (if you have chosen bet from 200+ bet calculations on balance) you will accumulate your own prize fund and win almost all of your deposit. At worst, you will run out of your money before this moment.
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