Money Wheel Online

Money Wheel Online

May 06 2021

Money Wheel Online

It is a gambling game also known as The Big Six, Wheel of Fortune, Wheel of Cash, Money Wheel, Big Wheel or Lucky Wheel. This is a game that is played by spinning a large wheel that looks like a bicycle rim. The player gambles on the number they think the rim will stop at and places a bet on it. The wheel is divided into a number of sections which have different monetary values, a joker and wild card spot. The segments are divided equally by spokes and also consist of a flexible rubber is mounted to rub against the spokes so as to stop the spin.

Introduction

The Money Wheel was launched at the Jackpot Casino in Red Deer, Alberta, in June 2011. It is a variation of Big Six, which is the game with the large vertical wheel, usually found near the entrance of casinos and usually dealt by an attractive female dealer. What makes the Money Wheel different is 56 stops instead of 54, and some of them are multipliers. The house edge is also much lower than Big Six, as my analysis below will show.

  • The Triple Cash Wheel online slot’s special features include a scatter symbol, and a bonus side game with free spins and special cash multipliers. Light up the three “cash light” icons to trigger the bonus game.
  • This website is owned and operated by TechSolutions (CY) Group Limited (reg.number HE 377018) with registered office located at Parthenonos 5, Flat 103, 2020, Nicosia, Cyprus as a Billing Agent and operated by TechSolutions Group N.V. As a licence holder (8048/JAZ issued on 16 of November 2018 valid until 28 November 2023.).
  • Money Wheel is a vertical wheel of fortune with a four point stopper and a peg at the top – the format is really easy to see, not only that, unlike more complicated table games you have a choice of only 7 symbols on which the wheel can stop, this really lowers the overall volatility! The symbols pay out as follows: Star: 45 to 1; Joker: 45 to 1.

Rules

  1. The player may bet on $1, $2, $5, $10, $20, or $40.
  2. All bets are paid on a to one basis according to the odds of the bet itself. For example, a bet on $5 would pay 5 to 1.
  3. Four positions on the wheel will multiply any win, known as a Lucky Lucky. Two Lucky Lucky spots multiply the next win by 2x, one 3x, and one 5x. If Lucky Lucky sounds familiar, it is because Lucky Lucky is also a blackjack side bet, both invented by the owner of the Jackpot Casino.
  4. If the wheel stops in any Lucky Lucky, then all bets will remain in place. No new bets will be allowed. The outcome of the next spin will determine the winning wager, as usual, but the odds will be multiplied by 2, 3, or 5, depending on which Lucky Lucky the wheel stopped in the previous spin.
  5. In the event the wheel stops in a Lucky Lucky twice in a row, then all wagers will lose.
  6. The following table shows how the wheel is apportioned.

Money Wheel game is also know as 'Reward Wheel', 'Lucky Spin', 'Spin & Win' etc. Money Wheel game is an online game where player has to place the bet on the number and lucky winner wins if the spinning wheel stops on the same number. Casino-Quality Carnival Wheels: Number Wheels, Money Wheels, Horse Race Wheels, Big Six Wheels & More Choose from Big Six Dice Wheels, Color Wheels, Number Wheels, Horse Race Wheels, and Money Wheels.Made of genuine American and Canadian birch plywood, these Prize Wheels are made of the same plywood used for premium kitchen cabinetry.

Let's look at an example. The player bet $20 on the $5 spot. The wheel lands in the 3x Lucky Lucky. The next spin it lands in $5. The player would win $20×$5×3=$300.

Money Wheel Distribution

StopNumber on Wheel
$123
$215
$57
$104
$202
$401
2x Multiplier2
3x Multiplier1
5x Multiplier1

Analysis

The following table shows the possible outcomes for the $1 bet. The lower right cell shows a house edge of 6.12%.

Online

$1 Bet Analysis

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win5230.0073340.036671
3x Lucky Lucky win3230.0073340.022003
2x Lucky Lucky win2460.0146680.029337
Standard win112880.4107140.410714
Loss-117560.559949-0.559949
Total31361.000000-0.061224

The following table shows the possible outcomes for the $2 bet. The lower right cell shows a house edge of 6.25%.

$2 Bet Analysis

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win10150.0047830.047832
3x Lucky Lucky win6150.0047830.028699
2x Lucky Lucky win4300.0095660.038265
Standard win28400.2678570.535714
Loss-122360.713010-0.713010
Total31361.000000-0.062500

The following table shows the possible outcomes for the $5 bet. The lower right cell shows a house edge of 10.71%.

$5 Bet Analysis

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win2570.0022320.055804
3x Lucky Lucky win1570.0022320.033482
2x Lucky Lucky win10140.0044640.044643
Standard win53920.1250000.625000
Loss-127160.866071-0.866071
Total31361.000000-0.107143

The following table shows the possible outcomes for the $10 bet. The lower right cell shows a house edge of 5.61%.

$10 Bet Analysis

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win5040.0012760.063776
3x Lucky Lucky win3040.0012760.038265
2x Lucky Lucky win2080.0025510.051020
Standard win102240.0714290.714286
Loss-128960.923469-0.923469
Total31361.000000-0.056122
Sale

The following table shows the possible outcomes for the $20 bet. The lower right cell shows a house edge of 9.44%.

$20 Bet Analysis

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win10020.0006380.063776
3x Lucky Lucky win6020.0006380.038265
2x Lucky Lucky win4040.0012760.051020
Standard win201120.0357140.714286
Loss-130160.961735-0.961735
Total31361.000000-0.094388

The following table shows the possible outcomes for the $40 bet. The lower right cell shows a house edge of 11.35%.

$40 Bet Analysis

Online Casino Money Wheel

EventPaysCombinationsProbabilityReturn
5x Lucky Lucky win20010.0003190.063776
3x Lucky Lucky win12010.0003190.038265
2x Lucky Lucky win8020.0006380.051020
Standard win40560.0178570.714286
Loss-130760.980867-0.980867
Total31361.000000-0.113520

Strategy

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The lowest house edge is on the $10 at 5.61%. My advice is to bet on that only.

Comparison to Big Six

The following table compares the Money Wheel to four versions of Big Six, also known as the Wheel of Fortune. As you can see, the average house edge is much lower on the Money Wheel compared to American Big Six. You would have to go to Australia to get a better average bet on a vertical wheel. The best single bet anywhere, including Australia, is the $10 at 5.61% house edge on the Money Wheel.

Money Wheel to Big Six Comparison

BetMoney WheelBig Six
Las Vegas
Big Six
Atlantic City
MacauAustralia
$16.12%11.11%11.11%7.69%7.69%
$26.25%16.67%16.67%
$37.69%7.69%
$510.71%22.22%22.22%7.69%7.69%
$105.61%18.52%18.52%15.38%
$117.69%
$209.44%22.22%22.22%19.23%
$237.69%
$4011.35%24.07%
$4514.81%11.54%
$477.69%
Average8.25%19.14%17.59%11.54%7.69%

Written by: Michael Shackleford

Money Wheel Online

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