- Things to know about gambling
Yes, you have the same odds of winning whether you bet small or big.
The amount of money you bet does not influence the odds of winning. The odds remain the same because the outcome of every game is randomly determined by a random number generator (RNG). Each slot machine is equipped with a microprocessor similar to the one in your home computer. You might say that the RNG is in perpetual motion; it is constantly selecting random numbers every millisecond. The RNG generates a value which is then translated into s specific set of numbers to correspond to the symbols on the reels. The outcome of each spin is determined by the number selected by the RNG. This number is chosen when you hit the spin button.
As the outcome is determined solely by chance, strategies are ineffective for machines or any game of chance, with the sole exception of poker, for which certain strategies may improve a player’s odds of winning. But even poker involves a significant element of chance due to the randomness of the cards dealt.
If you play games of chance, you must first accept the risk of losing your wager. Winning is an exceptional situation. The more you play, the greater the odds of losing the money you bet at each game. Of course, some lucky players occasionally win more money than they bet. However, financial losses are inevitable for those who play regularly or excessively.
For example, the probability of winning a Lotto Max jackpot with one play is 1 in 28,633,528.
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It is impossible to control or predict the moment when a slot machine or video lottery terminal will pay out, regardless of the time spent playing on it or the amount of money bet. Chance is the only determining factor. The outcome of each game is randomly determined at the exact instant the player presses PLAY. Each game is independent from the previous one. Certain lucky players win the first time they play, while others will win only rarely or very small amounts. Of course, some players will win the jackpot... they are the luckiest of all.
When playing, the important thing to do is to set a limit on the time and money to be spent playing and to never exceed those limits, regardless of whether you win or lose. If you continue to play because you feel lucky (you just won) or need to “catch up” (you lost money), you are likely to lose money.
For more information on setting limits and on how machines work, go to the Things to know about gambling on our web site, particularly the brochure entitled Gambling machines or our video Video Lottery Terminal: What every player needs to know.
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