What is Plinko?
Let’s get straight to the point, Plinko is like a paintball flipper but vertical. The purpose of this crypto game, but not limited to casinos with cryptocurrencies, is to drop a metal ball from the top of the pyramid and let it go down until it reaches the bottom. If in the paintball game you avoid the metal ball to go into the hole, here in Plinko you hope that it ends in the right hole with the highest multiplier (see image below).
Have you ever wondered where the name Plinko comes from? Back in 1983, the host Bob Barker, from the tv show “The Price is Right”, explained that the name comes from the sound “plink” when the chip hits the metal spikes as it goes down the panel.
Plinko was used to be very popular before the advent of social media, as many people were watching tv shows including the one mentioned above, especially in the USA.
Thanks to the advancements of blockchain technology in the casino industry, now Plinko is available on several bitcoin casinos. Offering the opportunity for people not only to watch other people play but to be the protagonist. Higher multipliers are possible in numerous new crypto casinos, meaning higher returns on your bet.
Plinko Probability of winning
The probability behind Plinko is not that complicated, but still you will need to go into some formulas and economical theories. We believe this is not the place to go into them, but at the same time we want to give you something. In fact, below in the Sources and Resources section you will find some interesting links which will help broader your research behind this matter.
Nevertheless, one main concept you should be aware of is “Binomial Distribution“.
The binomial distribution is a combinatorial calculus tool that allows you to calculate the probability of success P (x) in N repeated trials of an experiment, when the following conditions are met:
- each test has only two possible outcomes;
- the tests are independent from each other – See also Gambler’s Fallacy;
- the probability p of each test is constant.
The binomial distribution is a discrete probability distribution. As the number of positive tests (x) and the probability of success (p) vary, the distribution assumes a different curve.
Plinko Case is probability= 0.5 because the ball has 50% probability of going either right or left, each row.
Plachinko: the Japanese version of Plinko
Simply, as the title of this section.. Plachinko is the Japanese version of Plinko. Some of you could object to this sentence but if you look at it from a different point of view, ours, you will see that more or less the same mathematics are applied here too.
The difference between Plinko and Plachinko is the slot game integrated with it. Allowing the player to have a really high multiplier up to 5000x, at the same time the probability of hitting this is very very low.