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Calculate House Odds of Unique Casino Game

  1. Mar 14, 2013 #1
    1. The problem statement, all variables and given/known data

    Trying to determine the house odds of a spinning wheel game. We are the house and want to offer a fair play game with a minimal rake, but still make profit. How do our odds compare with a game such as roulette. What are our odds?

    This is how our game works. I can provide more details if required.

    The player makes a wager from his balance and spins the wheel. The outcome is then multiplied by the wager then added or subtracted to the balance. The player can wager from minimum .00000001 to maximum 1

    outcomes = 17 (0x, 0x, .25x, .25x, .50x, .50x, .75x, .75x, .95, 1.25x, 1.25x, 1.50x, 1.50x, 1.75x, 1.75x, 2x, 2x)

    We consider the .95x the "house rake"

    Any help would be appreciated

    2. Relevant equations



    3. The attempt at a solution
     

    Attached Files:

  2. jcsd
  3. Mar 14, 2013 #2

    Ray Vickson

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    How do you decide whether to add or subtract?
     
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