Progressive jackpot RTP above 100%

[henrikdamdk]

Hey there,

 

Since I am very interested in the progressive jackpots and how they relate to the RTP (return to player) I tried doing some calculations to find out if any progressive slots would actually go above 100% RTP. I found one now!

 

The Monty Python's Spamalot slot

 

Here is some of my data:

 

Average payout: 93,99%

Jackpot contribution of each spin: 3,00%

Initial jackpot: $500.000

Average jackpot: $1.078.219

Current jackpot: $2.837.575

Current payout: 103,12%

 

What do you guys think about these numbers? Would you consider playing a progressive slot machine based on numbers like these?

 

Looking forward to getting some feedback

[NextTimeWin]

Well, i think this is valid numbers. But to achieve this payout 103.12% -  you need to hit jackpot. Otherwise you will have 93.99% i believe. And since chances to hit jackpot is quite very low - i am will not play this game because currently payout 103.12%.

[henrikdamdk]

Well, i think this is valid numbers. But to achieve this payout 103.12% -  you need to hit jackpot. Otherwise you will have 93.99% i believe. And since chances to hit jackpot is quite very low - i am will not play this game because currently payout 103.12%.

 

I partly agree with you

 

You are right that the jackpot needs to be hit to achieve this high payout. But if you, like me, like playing a lot of slots then using some numbers like this should increase the chances in the long run. I found this pretty nice description on Wikipedia: http://en.wikipedia.org/wiki/Progressive_jackpot#Break-even_point

 

How should the numbers look for you to follow them? I mean, you might prefer a higher average payout and then also a high jackpot on top of that?

[NextTimeWin]

For me, it is much more better when i am just playing slot game without jackpot, but with good RTP. I do not believe that i will win jackpot, because chances is really too small.