When Brian Christopher and others talk about their wins, they may talk about it as a multiple as opposed to a dollar amount, like 100x. We do the same here on Flip The Switch. How does that relate to the bet amount?
On your $1300 win, you said that was a 130x Win… To clarify terminology with slots vs sports or horse racing odds, do you consider the original $10 investment into the calculation ? For example – If you bet $10 to Win on a horse that’s 5:1, you get your $10 bet back + $50 more = $60. If it’s slots, is that a 5x win or a 6x win ? (Profit vs Total Win)
Joseph H.
When a slot calculates your win, it does so as its own calculation, and the original bet is not taken into account. That’s because when you play slots, some “wins” don’t even give you your bet back, known as a false win.
So the calculation is not based on profit but a total win relative to your bet amount. So the $10 bet and $1,300 win is 130x, as $1300 is 130 times $10.
We know what you mean though – one of our staff once won $5,000 on a scratch ticket. However, on the paperwork they received, it was listed as a $4,995 win – because the $5 wager amount was factored out of the total win. Interestingly, $5,000 was the threshold for taxes to be automatically deducted, so it missed that mark by $5.
And of course, when playing table games there’s a specific difference between a wager that pays “for 1” vs. pays “to 1.” pays “for 1” means the total won includes your original wager – 2 for 1 means you’ll get a chip plus your original chip back. But 2 to 1 means you’ll get two additional chips on top of your chip back, a total of 3.
As such, we appreciate the question, and hope our answer addresses the question helpfully!
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