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This is not generally understood by users, and is not detailed in information screens (where these are available). The maximum value of rewards on EGM games is related to volatility and reward structure. Maximum prizes in Australia are generally subject to a regulated maximum value of $10,000, although unrestricted games available in casinos may offer higher maximum prizes. The Productivity Commission (1999a) developed a calculation to assess the number of spins that would be required to provide a 50% probability of winning the major prize on an EGM. Applying their calculation to the Dolphin Treasure game, it would require 24,703,765 spins to achieve a 50% probability (a 1 in 2 chance) of winning the major prize. Wagering a single line at 40¢ per spin at intervals of 5 seconds, this would cost nearly $1.2 million and occupy 1,429.6 days (or 3.9 years) of continuous use.

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These effects are not well understood by EGM users, nor by many policy makers. However, the Queensland iteration of the Gaming Machine standards uniquely prohibits audible sounds from accompanying an LDW. The game may display the line where winning symbols occur and add the credit value to the ‘win’ register, however. Contemporary EGMs almost invariably offer the choice of multiple lines or, on reel betting games, “ways” of winning, which permit the user to bet on many lines. The quantum of a maximum bet varies between Australian jurisdictions.

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If minimum RTP is set at 85%, this means that, over the long term (often described as the “game cycle”), the game must return to the user at least 85% of the amount they wager. In clubs and pubs in NSW, Victoria, Tasmania, Queensland and the Northern Territory, minimum RTP is set at 85%. In the ACT, minimum RTP is 87%, and in South Australia it is 87.5%.

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