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Best of John Robison

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Long-term payback on Megabucks

29 June 2011

Hi John,

I've read what the odds are of hitting Megabucks, and know that it only makes sense to max bet in order to qualify for the progressive. My question is if somebody does not play the max, how much would the payback percentage actually decrease? I would think that when casinos report a 90 percent-plus payback for this game, that this would include the infrequent but massive progressive payouts. If you're not even eligible, wouldn't it be safe to assume the the payout percentage would drop dramatically?

Thanks very much,
Ivan

Dear Ivan,

You're absolutely right. The long-term payback drops significantly when you don't play maximum coin and, thus, aren't eligible for the progressive jackpot.

When you don't play maximum coin on a Megabucks machine, your long-term payback is about 82 percent, making it one of the worst bets in the casino.

Best of luck in and out of the casinos,
John


Send your slot and video poker questions to John Robison, Slot Expert, at slotexpert@comcast.net. Because of the volume of mail I receive, I regret that I can't reply to every question.

John Robison

John Robison is an expert on slot machines and how to play them. John is a slot and video poker columnist and has written for many of gaming’s leading publications. He holds a master's degree in computer science from the prestigious Stevens Institute of Technology.

You may hear John give his slot and video poker tips live on The Good Times Show, hosted by Rudi Schiffer and Mike Schiffer, which is broadcast from Memphis on KXIQ 1180AM Friday afternoon from from 2PM to 5PM Central Time. John is on the show from 4:30 to 5. You can listen to archives of the show on the web anytime.

Books by John Robison:

The Slot Expert's Guide to Playing Slots
John Robison
John Robison is an expert on slot machines and how to play them. John is a slot and video poker columnist and has written for many of gaming’s leading publications. He holds a master's degree in computer science from the prestigious Stevens Institute of Technology.

You may hear John give his slot and video poker tips live on The Good Times Show, hosted by Rudi Schiffer and Mike Schiffer, which is broadcast from Memphis on KXIQ 1180AM Friday afternoon from from 2PM to 5PM Central Time. John is on the show from 4:30 to 5. You can listen to archives of the show on the web anytime.

Books by John Robison:

The Slot Expert's Guide to Playing Slots