How to Play Money Wheel
Money Wheel is a fun and exciting casino game which is great for beginners as well as experienced players. It is pretty simple to play Money Wheel and yet quite exciting and thrilling. Therefore, if you have heard about this game and haven’t tried it already, you can quickly learn here how to play Money Wheel so that you don’t miss out on a thing.
About Money Wheel Casino Game
Money Wheel is also sometimes known as a variation of Wheel of Fortune or Big Six. However, it has 56 slots, and also some of the slots are multipliers, and additionally, the house edge for Money Wheel is less than that for Big Six as well. This game was launched in June 2011 at the Jackpot Casino in Alberta.
It involves a large vertical wheel which has a fixed indicator (or pointer) on edge. This wheel, which rotates vertically, contains 54 slots or sections in USA and 52 in Australia, which represent 6 groups of the 6 leading betting odds. The number of slots or sections that each group has depends upon the odds they offer: the relationship is inversely proportional, meaning, the higher the odds, the lesser the number of slots.
The main objective of the game is to predict in which of the group slots on the money wheel the pointer will point to when the wheel stops spinning. In simple words, all that the player needs to do is spin the wheel and make a guess at where the pointer will land when it stops rotating. In this way, the Money Wheel is very similar to Roulette because of the number landing system, but the betting system that is used by players in the Money Wheel closely resembles the one used in Blackjack. Thus Money Wheel contains the best elements of multiple casino games and gives you a fantastic experience-when the wheels of Roulette and the betting style of Blackjack comes together, and you get Money Wheel!
The rules of this game are very straightforward, and the betting opportunities are great as well as easily understandable. Therefore it is a perfect casino game to start with, especially if you are new in the field of casino gambling. Since the rules are straightforward and easy to comprehend, getting a hold on how the game works and how the betting system operates will be a piece of cake for the player. This game is available online as well as inland casinos. Usually, in land-based casinos, this is the first game that a player usually plays as in most casinos this game is placed near to the entrance.
How to play Money Wheel?
As mentioned before, Money Wheel is a simple game, and to play it. You do not require any special skill whatsoever. All that the player needs to do is, place his bet prior to the spinning of the wheel. When all the bets have been placed, the dealer will take on the side of the large vertical wheel and spin it, with a strong downward pull.
The wheel will then make a few turns and slowly come to a stop. The mark or the number that the indicator will point to when the wheel stops spinning is the winning number and amount of payoff. While betting (before the wheel is spun), a player can bet on one or more numbers simultaneously.
The wheel has 52 or 54 sections or slots, and each slot is represented by a particular symbol or a number. The goal of the game is that you have to select one section (or more) and place your bets on the corresponding or matching area on the layout. That is, the players place their bets on the symbols or numbers that they think will come out after the spin. Keep in mind that each symbol will pay out different odds because of the number of times each symbol appears on the wheel.
After all the bets have been placed, the dealer will announce “no more bets” and then spin the wheel. After the wheel spins and comes to rest and the indicator lands on the number or symbol that you had placed your bets on i.e., you had chosen, you will win. A player is allowed to choose as many symbols as he wants.
Rules of playing Money Wheel
- The player has six betting amounts to choose from: $1, $2, $5, $10, $20, or $40.
- All of the bets are paid on the basis of ‘(something) to one’ depending upon the odds of the bet itself. Take, for instance, the payout of a bet on $5 would be 5 to 1.
- There are four positions on the wheel which will multiply any win. Each of these positions is called a ‘Lucky Lucky.’ One Lucky Lucky spot will multiply the next win by five times, another one by three times and the rest two by two times each. This feature is similar to the Lucky Lucky blackjack side bet.
- In case the wheel stops spinning, and the pointer lands at a Lucky Lucky position, placing new bets will not be allowed i.e., all previous bets will remain in place. The result of the next spin will decide the winning bet, but in addition to that the odds will be multiplied twice, thrice or five times, depending on which Lucky Lucky position the pointer had landed at in the previous spin.
- In case the wheel stops spinning and the pointer lands at a Lucky Lucky position, twice in a row, all of the wagers will be lost.
For example, if a player bets $20 on the $5 spot, and after the wheel stops spinning the indicator points to the 3x Lucky Lucky position, and on the next spin it lands on $5, he will win $20×$5×3 that is $300.
Placing a bet
The betting table of Money Wheel resembles a blackjack betting table, where each position has a particular symbol associated with it. The minimum bet you can place is of 1 credit or €1 on each position, while the maximum bet is 100 credits or €100. You can play with 5 different chips, of denominations 1, 5, 10, 25 and 100.
Money Wheel Slots, Odds, and Payoffs
There are 54 slots in total:
- There are 24 slots at even, marked $1 will pay 1 to 1
- There are 15 slots at 2:1, marked $2 will pay 2 to 1
- There are 7 slots at 5:1, marked $5 will pay 5 to 1
- There are 4 slots at 10:1, marked $10 will pay 10 to 1
- There are 2 slots at 20:1, marked $20 will pay 20 to 1
- There are 2 slots- 1 Joker and 1 Logo, each of them at 40:1, will pay 40 to 1 (in some casinos, will pay 45 to 1)
Money Wheel House Advantage
In any casino game, there is bound to be some kind of house advantage in most cases. Here goes the house advantage for Money Wheel:
- At even bet, the house advantage is 11.11%
- At 2:1 bet, the house advantage is 16.67%
- At 5:1 bet, the house advantage is 22.22%
- At 10:1 bet, the house advantage is 18.52%
- At 20:1 bet, the house advantage is 22.22%
- In case of Joker or Logo, at 40:1 bet the house advantage is 24.07% (14.81% house advantage at 45:1)
Money Wheel betting odds strategy
After analyzing all the bets ($1, $2, $5, $10, $20, $40), it has been found that the $10 bet has the lowest house edge, at 5.61%. The possible outcomes for $10 bet are:
- 5x Lucky Lucky Win: This event will pay 50 to 1, and can have 4 combinations, with a probability of 0.001276 and a return of 0.063776.
- 3x Lucky Lucky win: This event will pay 30 to 1, and can have 4 combinations, with a probability of 0.001276 and a return of 0.038265.
- 2x Lucky Lucky win: This event will pay 20 to 1, and can have 8 combinations, with a probability of 0.002551 and a return of 0.051020.
- Standard Win: This event will pay 10 to 1, and can have 224 combinations, with a probability of 0.071429 and a return of 0.714286.
- Loss: This event will pay -1 to 1, and can have 2896 combinations, with a probability of 0.923469 and a return of -0.923469.
So, in total, there can be 3136 combinations, and the return stands at -0.056122 (therefore the house edge is 6.12%).
Money Wheel was launched in 2011 and has been attracting a huge number of casino players to play it both online and offline. This is a very simple game and does not require any serious thinking; mostly, it is a game of luck. Due to its attractive betting system, players have been enjoying the thrill of spinning the wheel and guessing where the wheel will come to rest. It is highly recommended to play if you are a beginner and want to start with a simple yet exciting casino game.