Jackpot contributions - please help!!!

[Brophymj]

The daily jackpot is very strange. I believe the expected value of winning - as in the probability of winning times the jackpot - is significantly greater than the stake in the last hour of the game. If you had a significant bankroll and played these games consistently in a clever way, you would make money in the long run. 

2% of your stake goes towards the daily jackpot so for about 23 hours of the day, all stakes are contributing towards a pot they almost certainly won’t win in the that time frame. Only in the last hour or less is it really worth playing for the daily jackpot. As it’s only 2%, I wouldn’t say people have the patience or are bothered to hang on and are happy to play for the non-jackpot prizes. 

The pot spikes in the last hour due to the huge increase in betting but even allowing for that, you’re still in positive EV territory in the last hour and this increase the closer you get to the time limit. 

[catapultaudio]

... but of course you can't wait until the last minute to start betting or you stand a very good chance of missing your shot altogether. Looking at the list of wins, is it just the sheer number of people betting the minimum 20p that makes them more likely to win? I'm guessing your chance of winning the jackpot isn't proportional to your stake?

[Brophymj]

18 hours ago, Brophymj said:

The daily jackpot is very strange. I believe the expected value of winning - as in the probability of winning times the jackpot - is significantly greater than the stake in the last hour of the game. If you had a significant bankroll and played these games consistently in a clever way, you would make money in the long run. 

2% of your stake goes towards the daily jackpot so for about 23 hours of the day, all stakes are contributing towards a pot they almost certainly won’t win in the that time frame. Only in the last hour or less is it really worth playing for the daily jackpot. As it’s only 2%, I wouldn’t say people have the patience or are bothered to hang on and are happy to Play for the non-jackpot prizes. 

The pot spikes in the last hour due to the huge increase in betting but even allowing for that, you’re still in positive EV territory in the last hour and this increase the closer you get to the time limit. 

 

[Brophymj]

Is there a list of wins? It’s no proportional to stake so I presume most are betting the minimum in the final hour. It would be great to get confirmation on this.

[catapultaudio]

If you look back up this thread, certainly one of the casinos posted a list of all the wins at their casino and the majority are all 0.20 stake with one each at 0.40, 0.60 and 1.00 I believe. It is just so common for progressives to be scaled to bet size, I really feel like I need to read the rules on these ones as I'm very tempted to give it a try for a couple of weeks if you can just bet 0.20 and have as good a chance as anybody else... a few 10,000x would be real handy right now!

[Fiekie247]

8 minutes ago, catapultaudio said:

If you look back up this thread, certainly one of the casinos posted a list of all the wins at their casino and the majority are all 0.20 stake with one each at 0.40, 0.60 and 1.00 I believe. It is just so common for progressives to be scaled to bet size, I really feel like I need to read the rules on these ones as I'm very tempted to give it a try for a couple of weeks if you can just bet 0.20 and have as good a chance as anybody else... a few 10,000x would be real handy right now!

I'll drink to that!

[Brophymj]

Hi 

I play Red Tiger games on a number of different casinos and I have a question about the Daily Jackpot game Rainbow Jackpots which the casinos I queried this with did not know and referred me onto you.

I use 888 and Betfair and I mainly play for the incentive of winning non-jackpot prizes but I also play for the off chance I hit one of the jackpots.

I’ve reviewed the Help Guide around this game in detail and there are some aspect of the rules that aren’t clear (see attached) and I was hoping someone could able to clarify.

Daily Jackpot

I’ve been advised by the casinos that the probability of winning the daily jackpot is not correlated with stake. So if I bet €2 of €0.2, my odds of winning the daily jackpot are the same – is this correct or does it vary depending on the casino?

 

Betfair have confirmed that the odds are not correlated with stake size. It’s confusing because the help states the progressive jackpots – of which the Daily Jackpot is one – are correlated with stake size – but then it says the Daily Jackpot is time-dependent so the chances are correlated to the time left on the daily countdown.

 The Help for most of the casinos – except 888 – states that only the first £2 of each stake is eligible for the daily jackpot win. I take this to mean a %, say 2%, of each stake goes into the daily jackpot Pot and this is capped at £2. What is this % and do the chances of winning the Daily Jackpot increase with stake but capped at £2?

 

 I think the best way to answer this is to advise how a £10 bet would be split into the timed and other tiered jackpots.

 

i.e. 

 

• Daily Jackpot 2% of first £2 od the £10 bet so £0.2
• Other tiered jackpots – 2% of the remaining £8 so £0.8

Some specifics on this would be much appreciated.

[cocopop3011]

@Brophymj I have once again merged your topics considering the questions are so similar. Please try to remain in this thread unless it is a different topic subject.

[Flatzem]

these daily jackpots are rigged to drop in the last half hour and including those new kingdoms rise by playtech they call it the daily strike, and I was just there to see if it had gone when I joined, and it was about 12minutes before 1am or 12 minutes before midnight GMT and it was over 3Keur and then it went before I had any spins without any warning sound like you get on the red tiger jackpots. and then it reset to just 439e. and said 24h12min to go for the next one.

[Afi4wins]

I guess a lot of punters don't really realise that the chances of hitting that jackpot playing in the last hour IS NO BETTER than playing at any other earlier hours - simply because the traffic volume in the last hour is like being caught in peak hour traffic jams!

[Brophymj]

Hi Afi4wins, the rules of the game specifically state that the odds of winning increase the closer you get to the time limit. While you are correct in saying, traffic increases significantly in the last hour, the chances of winning from a single spin are definitely higher in the last hour. I’ve followed this for some time and I have never seen the jackpot won before the last 2 hours - even though the jackpot size which is directly related to accumulated traffic is well over 50% of what is won eventually. So, both base on the rules in black and white and the nunbers, what you’re saying doesn’t stack up. 

[Afi4wins]

59 minutes ago, Brophymj said:

Hi Afi4wins, the rules of the game specifically state that the odds of winning increase the closer you get to the time limit. While you are correct in saying, traffic increases significantly in the last hour, the chances of winning from a single Spin are definitely higher in the last hour. I’ve followed this for some time and I have never seen the jackpot won before the last 2 hours - even though the jackpot size which is directly related to accumulated traffic is well over 50% of what is won eventually. So, both base on the rules in black and white and the nunbers, what you’re saying doesn’t stack up. 

Whatever or however the chances may look like, hitting any jackpot is pure LUCK...no luck no jackpot...doesn't matter in the first hour, 11th hour, or 11 Millionth hour! 

Jackpot games are totally a no-no for me, hehehe.

[cocopop3011]

On 11/5/2019 at 12:20 AM, Flatzem said:

these daily jackpots are rigged to drop in the last half hour and including those new kingdoms rise by Playtech they call it the daily strike, and I was just there to see if it had gone when I joined, and it was about 12minutes before 1am or 12 minutes before midnight GMT and it was over 3Keur and then it went before I had any spins without any warning sound like you get on the red tiger jackpots. and then it reset to just 439e. and said 24h12min to go for the next one.

Do you know what percentage of the games are won in the last hour then?

[pinnit2015]

20 minutes ago, cocopop3011 said:

Do you know what percentage of the games are won in the last hour then?

I think they are programmed to come in the last few hours - makes sense as it's the biggest jackpot and to build up the seed you need to leave it until the end; they then have the other 'minor' jackpots for the other times. If not then the major JP (or whatever it's called), would be less than the minor. So, in that way they're kinda rigged but in a common sense way 

Whenever I've paid attention to them it's still to be won with 1-2 hours left. 

[Losingallthetime]

It worries me that these guaranteed jackpot games contradict all the principles of online casinos. If the outcome of any spin is governed by a Random Number Generator how can the jackpot be guaranteed to pay out before a pre set time. If the outcome of the game can be set to win surely it follows that the outcome of the game you are playing can also be set to lose!