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Looking for some help determining true odds for my new Horse Race casino game payouts Looking for some help determining true odds for my new Horse Race casino game payouts

04-30-2018 , 02:03 PM
I have a casino rental company that is outfitted with all kinds of standard games. I'm looking to create a new version of the "Big 6" or "Horse Racing" wheel games you may see from time to time.

Basically, the theory is I would have a wheel like this



split into 32 segments with 7 different colors representing different horses. You can see they are unevenly represented, to represent horses with different odds.

The idea is that players bet on a Horse to win and the operator spins the wheel. Whichever Horse is on the outside will move ahead 3 spaces on the game board. The middle horse will then move 2 spaces and the inner horse will move 1. Then the operator will repeat. Whichever Horse crosses the finish line (7 spaces away) first will win, and we will pay out.

My math is basic enough to figure out EV of each color horse for how many spaces they are likely to move per spin, but I can't figure out the math for what percentage of time the Red horse, or Blue horse, for example, will win the race.

Keeping in mind the complicated scenario of if the Orange horse is at position 6 and Blue is at position 5 and they move 1 and 2 spaces respectively, Blue will win because his move is resolved first.

Any help or insight would be greatly appreciated. Thanks
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 03:31 PM
I think the Probability Forum is a better fit for this post. Moved from SMP.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:07 PM
Can I ask a couple of questions? And I apologize in advance if these are stupid questions but this is the first time I have heard of this game.

1. In your example above, why does Blue get "resolved first" (and therefore win that race)? What is the rule governing the order in which "moves" occur?

2. Are the three wheels "independent", meaning that the three winning colors of each spin are truly random and separate from which color wins in the other "wheels" of that spin? (I can imagine a giant fixed 3-wheel in which the colors of the three constituent wheels all move together. This would be the extreme opposite case of total dependence.)
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:10 PM
No stupid questions. This game basically doesn't exist. I'm creating it, so my rules, in a sense

So movement resolution would be top down. Outside moves first, then middle, then inner.

No the wheels are not independent. Think of it as one slab of wood that gets spun around a hub in the middle. At the top there will be a little pointer (think Price is Right wheel) that points downward to indicate the winning "segment"
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:32 PM
Quote:
Originally Posted by StuckinARutt
No stupid questions. This game basically doesn't exist. I'm creating it, so my rules, in a sense

So movement resolution would be top down. Outside moves first, then middle, then inner.

No the wheels are not independent. Think of it as one slab of wood that gets spun around a hub in the middle. At the top there will be a little pointer (think Price is Right wheel) that points downward to indicate the winning "segment"
it's like that wheel for Wheel of Fortune show, if I got it correctly. so, for the image you posted, if the wheel stops at 12 o'clock, green would move 3, orange 2 and blue 1 in that priority. so if green moves to total 7 or more with this move and it's the first there, it wins no matter if orange would get at 7 also in this move? then if it stops right of that, green moves 3, grey 2 and blue 1.

this could be simulated with monte carlo relatively easy, 32 possible scenarios all with equal probability of happening and each moves the horses by some number of steps. not really sure if this is easy to solve analitically, I guess the minimum number of spins to win the race is 3 and by then you have 32*32*32 possible combinations of moving the horses.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:35 PM
Just to be clear on this last point, are you saying that the three wheels (outer, middle, inner) do not spin freely on their own? That they are "fixed" in position for each and every spin?

Alternatively, you may be saying that the three wheels move together on each spin but they their initial "configuration" (how the three wheels are initially "aligned") can be altered/adjusted/randomized.

If it is the first case, then to determine the underlying probability of each color winning the race I think would require the exact tri-wheel configuration.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:50 PM
Quote:
Originally Posted by md46135
it's like that wheel for Wheel of Fortune show, if I got it correctly. so, for the image you posted, if the wheel stops at 12 o'clock, green would move 3, orange 2 and blue 1 in that priority. so if green moves to total 7 or more with this move and it's the first there, it wins no matter if orange would get at 7 also in this move? then if it stops right of that, green moves 3, grey 2 and blue 1.

this could be simulated with monte carlo relatively easy, 32 possible scenarios all with equal probability of happening and each moves the horses by some number of steps. not really sure if this is easy to solve analitically, I guess the minimum number of spins to win the race is 3 and by then you have 32*32*32 possible combinations of moving the horses.
Yes, correct.

Glad to hear it seems "easy", but I don't have the means to do this math lol

Quote:
Originally Posted by whosnext
Just to be clear on this last point, are you saying that the three wheels (outer, middle, inner) do not spin freely on their own? That they are "fixed" in position for each and every spin?

Alternatively, you may be saying that the three wheels move together on each spin but they their initial "configuration" (how the three wheels are initially "aligned") can be altered/adjusted/randomized.

If it is the first case, then to determine the underlying probability of each color winning the race I think would require the exact tri-wheel configuration.
Yes, it is your first case.

I tried to draw it in a 'test' case where it's easy to count how may segments each color takes up. In some spots it's less clear because of my lines but you could round up or down. Does this help?

Ideally, I'd like some simulation where I could plug in how many segments each color takes up on each section of the wheel and see how probabilities change horse by horse. Because I don't have the exact configuration designed yet, and may want some horses more or less likely to win etc.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 04:58 PM
Quote:
Originally Posted by StuckinARutt
Yes, correct.

Glad to hear it seems "easy", but I don't have the means to do this math lol
neither do I Monte Carlo method has more to do with programming than math. if you know a little bit of programming it's doable. I doubt you would get far with this on paper.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 06:06 PM
Yes, in the case of a fixed wheel, it seems like the resulting color odds are not easily found via pure math but are via simulation.

I think that you want all of the three circles to "line up" in three concentric 32/32/32 circles like slices of pizza. That is, I don't think it would be feasible or desirable to have any of the tiny segments "overlap" any of the associated segments of the other two wheels.

So if you want to find the true odds you'd simply need to specify the color outcomes of the 32 "slices" (outer, middle, inner). Then simulations could be performed to derive the underlying probability of each color winning the race.

For example:

1. O,B,R
2. O,G,W
3. Y,G,B
.
.
.
32. W,P,R

Feel free to post an example of your tri-wheel and I am confident that people in this forum would be happy to perform the simulations.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 07:33 PM
Since it only takes a few minutes, I decided to code up the simulation based upon my interpretation of the tri-wheel configuration in OP.

Here are the results for 1,000,000 games.

ColorNumber of Wins
Red
386,509
Orange
287,639
Blue
113,279
Green
76,612
Purple
69,011
Yellow
40,720
White/Gray
26,230
. 
TOTAL
1,000,000

Of course, the probability of each color winning is simply the number of wins divided by 1,000,000.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 07:35 PM
GREAT thanks! That gives me a good starting point.

So you could run any # of sims if I just give you # of segments for each color in each section?
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 07:41 PM
The exact tri-wheel configuration would need to be specified. The three winning colors in each of the 32 "spokes" of the big wheel (outer, middle, inner).

See post #9 above for a sketch of what I mean. In case it is not clear, O would be Orange, B would be Blue, R would be Red, etc.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 07:51 PM
Right I guess you would need exact config to determine exact positions of the horses along the track. Ok let me whip up a few configs and get back to you. Thanks
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 07:56 PM
Your results simulations are very helpful. I will likely end up using a very similar configuration and it's nice to know the "fastest" horse is roughly ~2.5: 1 and the "slowest" horse is ~40:1. Right away I can see this will work well for me to offer players 2:1 for betting on Red, for example, and ~30:1 for betting on the longshot gray.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 08:33 PM
Ok let's try this one, similar distribution but I'd like to see how the numbers change



Thanks
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 09:51 PM
Here are the simulation results for 1,000,000 games using the 2nd wheel posted just above.

ColorNumber of Wins
Red
394,279
Green
257,909
Yellow
111,515
Orange
106,363
Blue
80,728
White/Gray
24,658
Purple
24,548
. 
TOTAL
1,000,000

Of course, the probability of each color winning is simply the number of wins divided by 1,000,000.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 10:08 PM
Sweet. Very similar. I don't suppose your data would havr the simulated "end positions" of each horse after the race? For example, purple only wins roughly every 40 times but I'm curious how many times he makes it to position 5 or 6 before the game ends?
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
04-30-2018 , 11:32 PM
Here are detailed simulation results for 1,000,000 games using the 2nd wheel posted just above, where I now show how many "points" each color had at the respective end positions. (Note that they are slightly different from the results posted earlier for the 2nd wheel due to randomness.)

ColorZeroOneTwoThreeFourFiveSixSeven
Red
48,326
37,927
70,571
116,723
90,340
106,960
134,549
394,604
Green
101,237
104,345
85,111
137,887
115,542
91,606
106,604
257,668
Yellow
218,601
123,303
102,155
187,939
94,479
74,473
87,427
111,623
Orange
120,223
82,049
216,399
165,526
123,482
116,425
69,670
106,226
Blue
214,470
141,765
122,707
188,430
104,603
73,957
73,234
80,834
White
349,995
172,805
149,756
156,008
68,866
45,383
32,594
24,593
Purple
248,732
134,640
217,979
161,194
94,941
79,876
38,186
24,452

Of course, the probability of each color winning is simply the number of wins (times ending with 7 points) divided by 1,000,000.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 04:33 AM
I've made a script which you can run online here https://repl.it/repls/KookyJuicyActionscript
click console and run and wait a couple of moments. it's only for 10000 races, this online compiler can't handle much more, I can run 1 million on my PC in a minute so if you want better accuracy, download Python and change "Nraces" variable.

for steps when it loses, I programmed it so it can't have 7 steps because the first one that gets to 7 or more wins and it's over at that moment. you can change wheel configuration, I hope it's clear how it works. also, you can change number of steps required to win from 7 to something else.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 07:06 AM
Sick, thanks guys!
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 07:38 AM
One last question, is there a way to see average # of spins to resolve the race?
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 07:56 AM
possible number of spins: [3, 4, 5, 6, 7]
percentages: [26.2897, 37.7285, 27.1936, 8.1887, 0.5995]

average is 4.19 spins.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 08:45 AM
My man.

So my next step is designing a configuration such that "true odds" for each color to win is something like this:

Color 1: ~31%
Color 2: ~23.00%
Color 3: ~18.50%
Color 4: ~15.00%
Color 5: ~7.00%
Color 6: ~3.50%
Color 7: ~2.00%

So that I can offer player odds of 2:1, 3:1, 4:1, 5:1, 10:1, 25:1, 40:1 respectively.

We're in the ballpark with these configurations and I've tried some new ones but haven't been able to get too close. It's tough when you need to slightly raise one and decrease another, you move one color and several outcomes could change - this brings me back to my University days

If anyone wants to try and have a fiddle be my guest!

Edit: My only constraints are that colors must have a minimum of 2 touching segments on outside, 3 in middle and 4 inside, because of total area restrictions that I want to be able to add images. Potentially these constraints could change if there's no way we can get close to those numbers.

Last edited by StuckinARutt; 05-01-2018 at 08:57 AM.
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 09:04 AM
Had to alter my desired odds a bit but this config turned out pretty nicely:



ColorTrue percentageTrue oddsOdds to offer
red29.26%2.42
green23.00%3.33
yellow18.60%4.44
orange13.32%6.55
blue8.39%10.910
purple4.44%21.520
grey2.99%32.430
Looking for some help determining true odds for my new Horse Race casino game payouts Quote
05-01-2018 , 02:53 PM
only suckers are going to bet on orange
Looking for some help determining true odds for my new Horse Race casino game payouts Quote

      
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