“With a 33% ITM, you're not playing poker — you're sponsoring the site.”

Chapter 3: What ITM Should You Aim For to Make Money in Spin & Go?

This chapter will explain the ITM (in-the-money) percentage you need to reach in Spin & Go games to be profitable.

Written by Gandalf, professional Spin & Go player and co-founder of Poker Sciences.

In a €1 Spin, we’ve seen that the winner doesn’t receive an average of €3 (1€ from each of the 3 players, including themselves), but rather €2.79, since part of the buy-in is taken as rake by the site.

📊 As we've seen, the rake can vary depending on the platform, but in this chapter we'll use the assumption of a 7% rake, which means a €2.79 prize when you win the Spin.

Let’s assume all three players are of equal skill and have a 33% chance of winning. Their expected value (EV) would be calculated as follows:

0,33 × (2,79−1)+0,66 × (−1)=-0,07€

Explanation: To calculate EV, we take the profit (2.79€ in case of a win minus the 1€ buy-in, i.e., 1.79€), multiply it by the win probability (1 in 3, or 0.33), then subtract the losses (1€) multiplied by the probability of losing (2 out of 3, or 0.66).

That gives us an expected value of -0.07€.

Now let’s calculate how often you need to win to offset the rake (i.e., reach an EV of €0):

harder calculation
This calculation is a bit more technical, but the important thing is the result:

Résultat : With a 7% rake, you need to win at least 35.8% of the time to break even.

➡️  In 3-player Spin & Go games, ITM (In The Money) means finishing 1st, since (except in high jackpots) only the winner gets the prize. An ITM rate of 35.8% is what you need to start making money in Spins.

Sounds easy, right?

But... it’s actually a bit more complicated.

The money collected from all players is redistributed across various jackpots, including the highest multipliers. So to reach that 35.8% breakeven point, you would have to hit all jackpots in the exact theoretical proportions — including the rarest.

Let’s imagine you play 1 billion games: with a 35.8% win rate, as we just calculated, you would be breakeven (meaning an EV of €0).

ut if you play only 10,000 games, you’ll likely never hit a 1000x jackpot, for instance.

😢  To sum it up: most players will never hit the biggest jackpots, simply because they won’t play enough games.

We therefore need to adjust our calculation to account for the fact that we will probably never hit the biggest jackpots.

Adjusting for Reality: Effective Rake

This is why regular players calculate what’s called effective rake.

Instead of assuming a standard 7% rake, they compute a higher "realistic" rake assuming they’ll never hit the rare high jackpots.

This lets them figure out the actual ITM they need to be profitable without counting on huge multipliers — they treat those as pure bonuses.

Let’s calculate the effective rake for Winamax and Betclic:

We’ll exclude the highest jackpots (Winamax’s 1000x and 100,000x, and Betclic’s 1000x), because you’d need to play an enormous volume to have a decent chance at hitting them.

excel sheet effective rake

On Winamax, removing the biggest jackpots gives us an effective rake of: 8.6%

Winamax effective rake Expresso

On Betclic, the effective rake is: 7.16%

Betclic effective rake Spin and Rush

As you can see, the effective rake is higher on Winamax (8,6%), making its structure less favorable compared to Betclic (7,16%).

What ITM Should You Actually Aim For?

Using the effective rake, we can now determine the real ITM needed to be profitable on each site. (We’ll skip the detailed calculations here, but feel free to redo them using the information above.)

Here’s what we get:

  • Winamax: You need an ITM of around 36.5% to beat the effective rake.
  • Betclic: You need an ITM of around 35.9% to beat the effective rake.

Icône représentant un livre ouvert avec un point d’interrogation dessus.

Summary

In theory, over a huge sample, beating the 7% rake means hitting an ITM of at least 35.8%.

In practice, you won’t hit the biggest jackpots often enough.

As a result, you'll need a higher ITM to be profitable.

That required ITM depends on each site’s jackpot structure:

36.5% on Winamax,

35.9% on Betclic.

This means it’s easier to win money on some platforms than others.