Rainbow Riches - Payout %??

InsideMan
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Rainbow Riches - Payout %??

Postby InsideMan » Mon Apr 18, 2011 7:19 pm

Hello guys. I recently played one of these online at Betfred, I started with a small amount (a tenner) and played it on a £1 spin. I got 5 wells for £500. I then upped my stake to £2 a spin and then like 20 spins later I got the pots for 500x £2 = £1000. So I was up £1500 from a tenner. I then played it on £8 a spin and about 30 spins later the pots rolled in again, this time giving me a gold multiple of 250x for £2000. I was up about £3000 from a tenner.

My question is this - Does this machine truly payout at a 95%+ return?

Say I was to play it on £50 a spin would I still have the same chance of getting the pots as playing it on a £1 a spin or does the machine have to take your money before paying out? I know these machines are run by random-number generators but I'm not really clued up on what they are, what they do etc.. could someone please explain. Thanks!!

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Postby man o bong » Mon Apr 18, 2011 7:48 pm

STOP STOP STOP STOP

Dont care what the % Payout is.

Try and go back to your mindset before you spun the first spin,

You wouldnt have dreamed of going £8 per spin.

£8 per spin???? Bonkers!!!

I pray you see this and stop before playing again and suffering the sickness that can only felt when the inevitable happens.
When you're told you can't do something, do it and prove them wrong

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Postby InsideMan » Mon Apr 18, 2011 7:55 pm

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Last edited by InsideMan on Mon Oct 22, 2012 3:41 pm, edited 1 time in total.

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Postby InsideMan » Mon Apr 18, 2011 8:50 pm

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Last edited by InsideMan on Mon Oct 22, 2012 3:40 pm, edited 1 time in total.

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Postby jaydubs » Mon Apr 18, 2011 9:27 pm

I think the important thing is you will end up losing in the long run and trying to work out stats etc will just keep you going back looking for answers to your question...

Used to see it in pubs and clubs with mugs putting pound after pound in the fruit machine because they had seen some bloke put his giro in before...very rarely worked..it would be the 1 pound punter a day later at dinner time that would win

Well done on your win IM but don't give it a second thought....

With the casino frreebies I usually try (if it wants to play) to take it up to 60-70 quid for my tenner and then stop as it WILL take it back..

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Postby InsideMan » Mon Apr 18, 2011 10:18 pm

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Last edited by InsideMan on Mon Oct 22, 2012 3:40 pm, edited 1 time in total.

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Postby larrymcc » Mon Apr 18, 2011 10:22 pm

I'll echo what these fellas are saying IM.

I have a fair bit of experiences with online slots from bonus busting in the past and other online offers. The difficulty with slots is the murky science behind them. Casinos can just jack up the odds of winning and ultimately they are programmed to win moreso than table games. The house edge with these things is often well over 15%.

Each casino will programme a slot differently so it's not really worth questioning what they are doing but just know that they are going to win in the long (and often very short) run.

My experience of most slots at reputable online casinos is that they will give you ONE chance to walk away in profit or near to a small loss. They know if you don't take that profit and say it is enough then they can take you to the cleaners.

Put it down to a fantastic bit of luck when the machine was happy to pay out! Spend the money on something brilliant instead of slowly handing it back over to ol' Fred!

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Postby MauricefromHolland » Tue Apr 19, 2011 7:57 am

I completely agree with all the warnings from the other forum-members. That wasn't what you were asking though. What you wanted to know is how to calculate the 95% payout return. You seem to think that if you watch other players playing the machine for long enough you can pretty much calculate how much you will win or lose when it is your turn. That is however not the way to think about it. think of it as a completely honest coin. Heads will come up 50% of the time on average but it doesn't do you any good to find out what happened on the previous throws. Here the expected payout after a zillion plays is 95% but it won't be exactly 95,00 %. Otherwise you could indeed calculate the last (few) outcomes and the machine wouldn't truly be random.

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Postby man o bong » Tue Apr 19, 2011 10:11 am

Hello guys. I recently played one of these online at Betfred, I started with a small amount (a tenner) and played it on a £1 spin. I got 5 wells for £500. I then upped my stake to £2 a spin and then like 20 spins later I got the pots for 500x £2 = £1000. So I was up £1500 from a tenner. I then played it on £8 a spin and about 30 spins later the pots rolled in again, this time giving me a gold multiple of 250x for £2000. I was up about £3000 from a tenner.

Just reading the OP once again, and note the past tense in the final sentance?

I am presuming it means the £3000 bank level is not currently in place.

Whilst most answers have not been directed at the exact question, the point i think most, and certainly I am making is the fact that the return percetage is irrelevant, much as the very good last post explains. I dont understand how that 95% is gotten too. I, many moons ago, used to play these things and too, had incredible success from small stakes, to build a huge pot. Return a day later and find myself hugely in the red. Those percentages simply dont work for a single individual. You have been incredibly lucky, but at the same time, i would suggest veyr unlucky too. As the nature of the gamble and the win, does affect straightforward thinking, and that element of invincibility takes over, the bank begins to dwindle, and then the head and heart enter a conflict. The heart tells you you have to stop and just accept what you have left, but the head, will continue to bluff you into thinking, "Well I only started with a tenner", if thats all im left with, Ive lost nothing. WRONG!, you have £3k. Its yours, not the machines, not the bookmakers money!! Its yours, you have won it, and now have 100% responsibility for it. As the pot dwindles further, the head says, Well, if i can just get back to £1000, i'll stop there. You arrive at that £1k, and the head interjects again, "Perhaps a couple more spins, and i might get £1500. And so it goes on until all is lost.

Im talking from experience of these damn things. Ive not done what is explained above once. I probably did it 100 times before it finally sunk in.

At least with gambling/betting on sporting events, you have some control. You are making informed decisions with available information. Machines, Casinos etc are simply there to fleece the mug punter. The one and only way to beat opne of those machines, is to take the very difficult stance, of having those winnings in your pocket right now and NEVER returning to it. Forget about the eprcentages, forget about trying to work out the probablility of them. The end game of the machines and the 100% probability of them is this. YOU LOSE! THEY WIN!

Get back to the horses and Football or whatever sport it is you prefer and have knowledge of, and enjoy the puzzle that is working out the form and beating the odds. Odds that CAN be beaten on sport, but NEVER on Machines.

All the best
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Postby Betfairalfie » Tue Apr 19, 2011 10:25 am

I think its great that in 2011 we have general consensus on OLBG on so much sensible stuff.

- avoid "markets" with obviously unbeatable (long-term) house edges like roulette, slots etc...

- record, analyse and improve your betting record.

- avoid martingale.

- avoid accumulators.

- be disciplined.

It makes me proud to be an OLBGer :win:

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Postby gripperrocks » Tue Apr 19, 2011 10:32 am

Absolutely spot on MOB, I have been fortunate enough to always have that mindset about those kind of games, and have never put any of my own money on these things.

The only times I have had a go is I won a free tenner credit on those roulette machines and walked out with £20, then I took Skybets free £5 credit on SkyVegas, played deal or no deal til I converted it into £5 cash, transferred it into my sportsbook and I'm now up to £25 by playing with minimal amounts on footy/golf/horses/rugby (something where form plays a part)!

With those things, you're almost always on to a loser. :yes:

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Rainbow Riches

Postby Rainbow Riches » Mon Dec 22, 2014 12:06 am

Mod edit:> Please do not discuss monetary amounts on the forum,thank you.

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