Calculating the odds

 

 

 

 

 

 

 

 

What Are the Odds?
It’s not always easy to fully understand the huge and tiny numbers involved in gambling odds. However, having some insight into what are the actual chances of winning or losing is a valuable tool to have to ensure that you stay in control of your gambling.

RULES
Essentially, there are two main rules to remember:

1)      The odds always favour the house
2)      The longer you play, the more you lose

The Odds
The chance of winning a prize on each and every individual line on a poker machine is around only 1 in 10, and the prize is more likely to be two credits than any other return.
So, the chance of winning NO PRIZE on an individual line is around 9 in 10 (Australasian Gaming Machine Manufacturers Association brochure).

The Odds Never Change
The odds of winning are always the same, and they are the same for everybody.

It makes no difference if the machine has just paid out or if it hasn’t paid out for ages.
Every spin has exactly the same chance of winning as the spin before and the spin after and the spin after that.

The odds do not change if you bet one cent or five dollars per spin.
There is no truth to “betting big to win big”. Maximum hits DO NOT increase the chances of winning, instead it speeds up the rate at which you lose your money.

Patterns and Systems
Sometimes “streaks” may appear to be a pattern or you might want to believe you’ve found some system you can win with. But you haven’t.  It doesn’t help that the pokies sometimes make sounds that make you think you are winning, this is what they are designed to do.

There are no rhythms to gambling, no patterns or “streaks”.  Often, it’s your mind playing tricks on you, trying to convince you that you can get the outcome you want. The machines can’t be “read”. Gambling is a series of random, unpredictable, independent events – we have no say on the outcome.

There Are No Tricks To Winning
There is absolutely nothing that you can do to increase your odds of winning when playing the pokies.

Mind Games
Even when we know what the odds are, we may still have misunderstandings and false ideas that get in the way of us applying the odds to our situation. We might think we understand the odds, but still mistakenly believe that we will be able to beat them in some way.

Hearing that someone has won the jackpot sticks in our mind more than hearing that someone has lost the same jackpot. We remember wins more than losses, and mistakenly think that the odds of winning match our memory.

We might think we are “luckier” than the average person, or that we are more “experienced”. It makes no more difference.

Keeping it Real
If you choose to gamble, be realistic about what the chances are of you winning.

Remember that the odds always favour the house, and that the more you play the more you will lose.

Only gamble with what you can afford to be without. For gambling help visit; www.gamblinghelp.nsw.gov.au

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