Online Casino Money Wheel
Introduction
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Wheel of Fortune: Triple Extreme Spin Slot remains to be a fan favourite as one of the more recent releases in the series. Numerous IGT casinos offer the game for both free and real money gameplay, including 888 Casino, Vulkan Vegas, Mr Green Casino, Betfair Casino, and Slots Magic Casino. Ocean Casino is a smaller online casino operating in New Jersey, There are no plans to extend outside of the state. Other popular brands of slots include several variants, each ofWheel of Fortune and Monopoly. Cashback withdrawable as cash but needs to be a minimum of $10. There is no live casino feature currently available at the operator. Casino players online can come up with a strategy of their own but in most instances, Wheel Games are simply games of chance. There are a few payoff guidelines. It is known that these games are one of the lowest payoffs for both online and at a live casino. The house advantage can go from 11% to 24%.
The Money Wheel was launched at the Jackpot Casino in Red Deer, Alberta, in June 2011. It is a variation of Big Six, which is the game with the large vertical wheel, usually found near the entrance of casinos and usually dealt by an attractive female dealer. What makes the Money Wheel different is 56 stops instead of 54, and some of them are multipliers. The house edge is also much lower than Big Six, as my analysis below will show.
Rules
- The player may bet on $1, $2, $5, $10, $20, or $40.
- All bets are paid on a to one basis according to the odds of the bet itself. For example, a bet on $5 would pay 5 to 1.
- Four positions on the wheel will multiply any win, known as a Lucky Lucky. Two Lucky Lucky spots multiply the next win by 2x, one 3x, and one 5x. If Lucky Lucky sounds familiar, it is because Lucky Lucky is also a blackjack side bet, both invented by the owner of the Jackpot Casino.
- If the wheel stops in any Lucky Lucky, then all bets will remain in place. No new bets will be allowed. The outcome of the next spin will determine the winning wager, as usual, but the odds will be multiplied by 2, 3, or 5, depending on which Lucky Lucky the wheel stopped in the previous spin.
- In the event the wheel stops in a Lucky Lucky twice in a row, then all wagers will lose.
- The following table shows how the wheel is apportioned.
Let's look at an example. The player bet $20 on the $5 spot. The wheel lands in the 3x Lucky Lucky. The next spin it lands in $5. The player would win $20×$5×3=$300.
Money Wheel Distribution
| Stop | Number on Wheel |
|---|---|
| $1 | 23 |
| $2 | 15 |
| $5 | 7 |
| $10 | 4 |
| $20 | 2 |
| $40 | 1 |
| 2x Multiplier | 2 |
| 3x Multiplier | 1 |
| 5x Multiplier | 1 |
Analysis
The following table shows the possible outcomes for the $1 bet. The lower right cell shows a house edge of 6.12%.
$1 Bet Analysis
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 5 | 23 | 0.007334 | 0.036671 |
| 3x Lucky Lucky win | 3 | 23 | 0.007334 | 0.022003 |
| 2x Lucky Lucky win | 2 | 46 | 0.014668 | 0.029337 |
| Standard win | 1 | 1288 | 0.410714 | 0.410714 |
| Loss | -1 | 1756 | 0.559949 | -0.559949 |
| Total | 3136 | 1.000000 | -0.061224 |
The following table shows the possible outcomes for the $2 bet. The lower right cell shows a house edge of 6.25%.
$2 Bet Analysis
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 10 | 15 | 0.004783 | 0.047832 |
| 3x Lucky Lucky win | 6 | 15 | 0.004783 | 0.028699 |
| 2x Lucky Lucky win | 4 | 30 | 0.009566 | 0.038265 |
| Standard win | 2 | 840 | 0.267857 | 0.535714 |
| Loss | -1 | 2236 | 0.713010 | -0.713010 |
| Total | 3136 | 1.000000 | -0.062500 |
The following table shows the possible outcomes for the $5 bet. The lower right cell shows a house edge of 10.71%.
$5 Bet Analysis
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 25 | 7 | 0.002232 | 0.055804 |
| 3x Lucky Lucky win | 15 | 7 | 0.002232 | 0.033482 |
| 2x Lucky Lucky win | 10 | 14 | 0.004464 | 0.044643 |
| Standard win | 5 | 392 | 0.125000 | 0.625000 |
| Loss | -1 | 2716 | 0.866071 | -0.866071 |
| Total | 3136 | 1.000000 | -0.107143 |
The following table shows the possible outcomes for the $10 bet. The lower right cell shows a house edge of 5.61%.
$10 Bet Analysis
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 50 | 4 | 0.001276 | 0.063776 |
| 3x Lucky Lucky win | 30 | 4 | 0.001276 | 0.038265 |
| 2x Lucky Lucky win | 20 | 8 | 0.002551 | 0.051020 |
| Standard win | 10 | 224 | 0.071429 | 0.714286 |
| Loss | -1 | 2896 | 0.923469 | -0.923469 |
| Total | 3136 | 1.000000 | -0.056122 |
The following table shows the possible outcomes for the $20 bet. The lower right cell shows a house edge of 9.44%.
$20 Bet Analysis
Real Money Online Casino
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 100 | 2 | 0.000638 | 0.063776 |
| 3x Lucky Lucky win | 60 | 2 | 0.000638 | 0.038265 |
| 2x Lucky Lucky win | 40 | 4 | 0.001276 | 0.051020 |
| Standard win | 20 | 112 | 0.035714 | 0.714286 |
| Loss | -1 | 3016 | 0.961735 | -0.961735 |
| Total | 3136 | 1.000000 | -0.094388 |
The following table shows the possible outcomes for the $40 bet. The lower right cell shows a house edge of 11.35%.
$40 Bet Analysis
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| 5x Lucky Lucky win | 200 | 1 | 0.000319 | 0.063776 |
| 3x Lucky Lucky win | 120 | 1 | 0.000319 | 0.038265 |
| 2x Lucky Lucky win | 80 | 2 | 0.000638 | 0.051020 |
| Standard win | 40 | 56 | 0.017857 | 0.714286 |
| Loss | -1 | 3076 | 0.980867 | -0.980867 |
| Total | 3136 | 1.000000 | -0.113520 |
Strategy
The lowest house edge is on the $10 at 5.61%. My advice is to bet on that only.
Comparison to Big Six
The following table compares the Money Wheel to four versions of Big Six, also known as the Wheel of Fortune. As you can see, the average house edge is much lower on the Money Wheel compared to American Big Six. You would have to go to Australia to get a better average bet on a vertical wheel. The best single bet anywhere, including Australia, is the $10 at 5.61% house edge on the Money Wheel.
Casino Wheel Game
Money Wheel to Big Six Comparison
| Bet | Money Wheel | Big Six Las Vegas | Big Six Atlantic City | Macau | Australia |
|---|---|---|---|---|---|
| $1 | 6.12% | 11.11% | 11.11% | 7.69% | 7.69% |
| $2 | 6.25% | 16.67% | 16.67% | ||
| $3 | 7.69% | 7.69% | |||
| $5 | 10.71% | 22.22% | 22.22% | 7.69% | 7.69% |
| $10 | 5.61% | 18.52% | 18.52% | 15.38% | |
| $11 | 7.69% | ||||
| $20 | 9.44% | 22.22% | 22.22% | 19.23% | |
| $23 | 7.69% | ||||
| $40 | 11.35% | 24.07% | |||
| $45 | 14.81% | 11.54% | |||
| $47 | 7.69% | ||||
| Average | 8.25% | 19.14% | 17.59% | 11.54% | 7.69% |
Online Casino Money Wheel Game
Written by: Michael Shackleford
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