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14. 4. 2020
Games

Break Event Point for Progressive Jackpots

Break even point is the term most commonly used in the business economy and defines the number of products a company must sell to shift from loss to profit. However, casino players will also be familiar with it. In the case, it tells us how high the jackpot must be for the game to switch from the casino advantage to the player advantage.

For some games, such as video poker, blackjack or Caribbean Stud poker, it is possible to derive an optimal strategy depending on the payout frequency and probability for each payout. Jackpots, in particular progressive jackpots, are rarely mentioned. They grow over time and change both the optimal strategy and the casino advantage for each game.

This logically implies that once the progressive jackpot has risen to a certain level, the break-even point occurs. Thus, a situation in which the theoretical return for a player’s bet exceeds 100%. In such a case, the advantage of the casino is negative in the long run, and the player would have the desired mathematical advantage over the casino.

However, it should be remembered that even if the house edge is negative, it does not mean that the player always wins. Everything is valid for an extended period, which can statistically affect up to several tens of thousands of games.

Examples of Break Even Point for Selected Games

Game Software Break Even Point RTP Odds
Caribbean Poker Random Logic 218 041 $ 100,4 % 1 to 649 740
Megajack Playtech 1 230 $ 98,5 % 1 to 40 391
Jack or Better Novomatic 299 254 € 98,1 % 1 to 649 740
Deuces Wild Novomatic 317 825 € 98 % 1 to 649 740
Joker Wild Novomatic 319 319 € 98 % 1 to 649 740
Royal Diamond Video Poker Random Logic 25 704 $ 97,6 % 1 to 160 689
Jacks or Better 10-line Playtech 20 347 $ 97,6 % 1 to 40 170
Poker Ride Microgaming 218 047 $ 97,1 % 1 to 649 740
Jackpot Poker €1 GTECH 14 111 € 96,7 % 1 to 40 170
Jackpot Poker 50c GTECH 7 056 € 96,7 % 1 to 40 172
Jackpot Deuces Microgaming 53 9823 $ 96,4 % 1 to 176 672
Progressive Blackjack Playtech 285 951 $ 96,2 % 1 to 4 392 609
Multihand Jackpot Poker Propriety 12 092 € 95,1 % 1 to 178 948
Jackpot Joker Poker Propriety 39 234 € 94,8 % 1 to 41 278
Triple Sevens Blackjack Microgaming 109 862 $ 93 % 1 to 289 562
Bonus Keno NetEnt 1 366 564 € 85,6 % 1 to 8 764 410
Caribbean Stud Poker Cryptologic 218 047 $ 83,7 % 1 to 649 740
Let ’em Ride RTG 201 245 $ 82,1 % 1 to 649 740
Cyberstud Poker Microgaming 234 239 $ 81,8 % 1 to 649 740
Roulette Royale Microgaming 760 501 $ 65 % 1 to 1 874 161
Carribean Stud NetEnt 638 575 € 57,3 % 1 to 649 740

At this point, it is worth mentioning why break-even points for progressive jackpots on slot machines are not listed in the table. For them, this indicator is very difficult to calculate. To estimate, it would be necessary to know the distribution and number of symbols on each cylinder. However, such information is carefully guarded by all software providers.

This concept will no longer include free slots at all, as the progressive jackpot at online slots generally offers real money play only.

Polters Ventures Ltd.
https://anygamble.com/break-event-point-for-progressive-jackpots/ 2020-04-14 13:15:35

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