Online Pokies Wiki

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+ More about Pokies, Poker Machines and Online Gambling within Australia and her territories.

As the chart (from the Interactive Gambling Act 2001)shows, the only legal forms of online gambling in Australia are Lotteries, and Sports Betting basically. Wagering is also listed as legal but what exactly is wagering and how does one define it - important information considering the legal implications associated with breaking these onlne gambling rules.

The Oxford English Dictionary defines Wager as:
wa·ger (wā′jər) n.
1a. An agreement under which each bettor pledges a certain amount to the other depending on the outcome ofan unsettled matter. b. A matter bet on; a gamble.
2. Something that is staked on an uncertain outcome; a bet: a wager of $20.
And what I find interesting is that when playing roulette, blackjack, pokies or any number of the 1000's of online casino games available to play it occurs to me - and my inner lawyer - that every online casino game, slot machine and pokie is in effect the other party and with each press comes the 'agreement' of what is being 'pledged' and with that the wager or 'uncertain outcome'
Technically then, the Interactive Gambling Act 2001 states quite unequivocally that yes, placing bets online through the various games and channels offered is indeed legal - and the only offence you are committing by engaging in such activity is an anti-social faux pas at best - certainly not something that the government or the law can do - not until they remove 'wagering' from the list of legal online gambling activities.

Defining Pokies and Internet Gambling Odds - What Are Yours Really Like?

Can We Calculate Slot Machine Odds & the Best Casino Odds?

Simon Pampena

“Australians love gambling in all its various forms, and poker machines are no exception. However, the difference from playing the pokies to the ponies, the doggies or even celebrity weddings is that there’s no way to beat the odds when playing the pokies. They’re machines mathematically guaranteed to make money. So if you’re throwing yourself at the mercy of maths, how about spending a moment to see just how these machines have been designed to win? In Australia, the pokies are required by law to return most of the money played in any machine. Somewhere between 80 percent to 90 percent depending which State or Territory you’re in. So if we assume a generous return of 90 percent from a poker machine, then for every $10 played, we should expect to get $9 back. Sound fair? Then how do people go broke playing the pokies? Let’s see how it works on a real machine. I’m gonna be a conservative gambler and only bet $1 per game for a one-hour period. Now, what’s readily apparent is that while you win money quickly, you lose money slowly.”

It’s not always easy to see this when you’re playing a poker machine, ’cause you’re winning and losing money all the time. But if we were to become Time Lords and moved all my winning to the beginning and all my losses to the end, then we would see in the first eight minutes I would win $1,080, and in the last 52, I would lose continuously until there was nothing left.

+Understanding Slot Machine Odds and Return-to-Player Rate

Simon continues… and opens our eyes as to how the Return to Player Rate actually works and why 90% return rate isn’t as great as it sounds…

“Now, if I had won $1,000 in just 8 minutes, I’d have to be a real sucker for punishment to sit through 52 minutes of continuous losing. Most Aussies can’t sit through the final quarter of their footy team’s losing, and that’s not even half an hour. Looking at it another way, on a clock face, we see eight minutes of winning followed by 52 minutes of losing. But this marries up exactly with the maths that’s been programmed in the machine, 13 percent of the time you’ll win, and 87 percent of the time, you’ll lose. Now, this sounds like an hour of hell, but if we randomise this result as it is in a real poker machine, it’s an hour of excitement. But how did I lose all my money when I was guaranteed a return of $9 out of every $10 played? Well, the weasel word is ‘played’. A return of 90 percent includes all the money I won while gambling. I started with $120, and from that, I won $1,080 over a one-hour period, so I played a total of $1,200. But then, I lost 10% of that, which is $120. It just so happens to be all the money I put into the machine in the first place. But then again, I knew that was gonna happen, ’cause I understood the maths. And so should you.”

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