These calculations have been adapted from the Productivity Commission’s 1999 Australia's gambling industries inquiry report volume 3, section U.
The calculations in these tools use a house edge of 13% and return to player of 87%. This is the maximum house edge and minimum return to player allowed for pokies in Tasmania.
The tools also assume a spin on the pokies is made every five seconds and are limited to the Tasmanian maximum bet limit of $5.
The house edge and return to player are more accurate over a longer term. A single session of gambling can be more unpredictable so your speed of losses may not match up exactly to the “how fast you can lose tool” but will get closer to this over time.
How much can you expect to lose formula
Losses per year = Losses per session x Venue visits per month x 12 months
Losses per session = (T / R) x (H x W)
T = Time spent in one session (in seconds)
R = spin Rate (seconds between spins, set at once every 5 seconds)
H = House edge (set at 13%)
W = Wager (bet per line x number of lines played)
How fast can you lose formula
Time (in minutes) = (S / (H x W)) x (R / 60)
T = Time
S = Stake (starting money)
H = House edge (set at 13%)
W = Wager (bet per line x number of lines played)r
R = spin Rate (seconds between spins, set at once every 5 seconds)
More on the pokies
More information on pokies standards that set the rules for machines in Tasmania is available from the Department of Treasury and Finance.
