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Reply To: do these stats look right?

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#653261
Anonymous
Inactive

In either scenario, you do not get docked for any jackpots which are won.

With CR, you don’t even pay contributions (which can be a significant benefit if you have progressive players.

Either way, however, pushing progressives is one of the best ways to increase your income since the house edge is among the highest with these games.

I calculated progressive contributions to be about 3% – which is to say that if you were to spin Major Millions at max bet ($3), the progressive contribution would be 9 cents (I’m betting it’s actually 10 cents).

Thus – if your player hits Max Bet for 10 spins, the progressive contribution is $1 – of which your share is 25-35% depending on which program and tier you are talking about.

Now I don’t know about you – but I am pretty certain progressive players will spin and spin until they either run out of money or they get frustrated – very few take only a couple of spins.

All of this adds up – if your player deposited $25, and exclusively played Major Millions, gross income was $600 and gross payouts was $575 (assuming no bonuses were given, of course), that would be 200 spins on Major Millions (which if you ask me would be a hell of a lucky run but it happens).

200 spins would cost the casino $20 in progressive contributions, which would leave a net $5 profit – of which you get $1.25-$1.75. And if for some reason (ie. new player) a bonus was given, you and the casino have a net loss.

Yeah, it sucks. But it’s not that common, fortunately – house edge on progressives is probably about 8-10%, of which 3% goes to the contribution – so net casino edge is about 5-7% – still way higher than blackjack or video poker or even normal slots will ever be. Only games like keno have higher house edges.

You should always promote progressive games – heavily, if you can, because these players are your best buddies. Hopefully, if I get enough time to finish my scripts and projects, I will make that MUCH easier for all of you.