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  2. Slot machine - Wikipedia

    en.wikipedia.org/wiki/Slot_machine

    A low-volatility slot machine has regular but smaller wins, while a high-variance slot machine has fewer but bigger wins. Weight count is an American term referring to the total value of coins or tokens removed from a slot machine's drop bucket or drop box for counting by the casino's hard count team through the use of a weigh scale.

  3. Progressive jackpot - Wikipedia

    en.wikipedia.org/wiki/Progressive_jackpot

    The return of a slot machine is based on the published paytable, but also on the normally unpublished reels. For a five-reel slot machine, the player would need to know each symbol on each of the slot machine's five reels in order to calculate the odds. For a three-reel slot, the reels are normally weighted, and this would not be possible.

  4. Gambling mathematics - Wikipedia

    en.wikipedia.org/wiki/Gambling_mathematics

    The mathematics of gambling is a collection of probability applications encountered in games of chance and can get included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, and it is possible to calculate by using the properties of probability on a finite space of possibilities.

  5. Fixed odds betting terminal - Wikipedia

    en.wikipedia.org/wiki/Fixed_odds_betting_terminal

    A fixed odds betting terminal (FOBT, sometimes pronounced "fob-tee") is a type of electronic slot machine normally found in betting shops in the United Kingdom and introduced in 1999. The terminals allow players to bet on the outcome of various games and events which have fixed odds, with the theoretical percentage return to player (RTP ...

  6. Keno - Wikipedia

    en.wikipedia.org/wiki/Keno

    Keno payouts are based on how many numbers the player chooses and how many of those numbers are "hit", multiplied by the proportion of the player's original wager to the "base rate" of the paytable. Typically, the more numbers a player chooses and the more numbers hit, the greater the payout, although some paytables pay for hitting a lesser ...

  7. The Lottery Hackers - The Huffington Post

    highline.huffingtonpost.com/articles/en/lotto...

    Flip a quarter six times and you might get six heads even though you have better odds of getting three heads and three tails. But flip it 5,000 times and you’ll approach 2,500 heads and 2,500 tails. Jerry’s mistake had been risking too little money. To align his own results with the statistical odds, he just needed to buy more lottery tickets.