The most frustrating thing about Mega Moolah online slot machines – for those of us who bother to delve this far into the subject – is that the odds of winning are unclear. Microgaming, the company that released the first Mega Moolah Slot in 2006, has never published this information. They don’t even tell us the percentage of wagers that contribute to the progressive. The best we can do is guesstimate, based on standard data. Here’s what we know…
The standard contribution for a progressive is 2% of all wagers.
The average Mega Moolah Jackpot pays $6,046,896 (at time of writing).
The Mega Moolah seeds at $1,000,000 each time it’s won.
Avg jackpot requires 6,046,896 – 1,000,000 = 5,046,896 contribution.
5,046,896 / 0.02 = $302,344,800 in wagers to reach the average jackpot.
At $0.25 per spin, it would take 1,209,379,200 spins to release the jackpot.
‘Guesstimated’ odds of winning the Mega Moolah are about 1 in 1,209,379,200.
That’s the bad news. But here’s the good news…
Higher Bet = Greater Chance of Winning the Mega Jackpot
The rules of the game clearly state:
“The higher your bet the greater your chances of winning the progressive jackpot”.
This text is found in the section of rules that details the triggering of the bonus wheel game. Thus, I would assume that “higher bet = greater chance” refers to the chance of triggering the bonus wheel game itself, which guarantees a jackpot (one of the four) will be won.
So, betting higher than the minimum $0.25 will drop our estimated odds of 1 in 1.2 billion to… something smaller. Let’s assume we’re betting the max of $0.25 per line, or $6.25 per spin. If the odds did not change, this bet size would drop them to 1 in 48,375,168. Since we know the odds do change, we can assume the odds would be better than 1 in 48,375,168. At half, they would become 1 in 24,187,584. Half might be a little unrealistic though. Maybe a fourth at best, which would lead us to an estimate of about 1 in 36,281,376 at max bet size.
Of course, there aren’t many that would bet $6.25 per spin. Most of us wouldn’t be willing to exceed a $1/spin rate. The only thing we can say for (fairly) certain – based on the standard criteria above – is this. At $1 per spin, your odds of winning are going to be slightly better than 1 in 302,344,800.