lab studies / razor ways
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lab study, simulation-based

102 million spins on razor ways: the Razor Shark spin-off with a 25,000x ceiling, and 74% of $0.50/$100 sessions busted

exp · 093 · 2026-06-27 · simulation-based

provider Push GamingRTP 96.36%volatility high
at 50c a spin
€12,500
biggest win
25,000x top win
~199
spins to the bonus
about 40 min at 5/min
€45
average bonus
when it hits (90x)
€0.48
avg back per spin
of your 50c
win hit frequency 22.0% (~1 in 4.5 spins)max win 25,000x = €12,500 (a feature event)
razor ways is Push Gaming's 2024 ways-based take on its Razor Shark universe, with a 25,000x ceiling and a feature-buy menu. we simulated 102,060,000-plus spins of its 96.36% base version. at $0.50 a spin against a $100 bankroll, 74.2% of sessions busted before the 2,000-spin cap. we report the base version and flag a published-RTP conflict honestly.

Run it yourself in the live simulator. All figures are simulation-based observations, not predictions. See our methodology.

what we measured

parametervalue
provider / enginePush Gaming · ways pays, Razor Reveal, Mystery Stacks
rtp simulated96.36% (base-spin version; some sources cite 96.70% as a buy-inclusive/top figure, see note)
volatilityhigh
stakes$0.20 / $0.50 / $1.00 per spin
bankrolls$50 / $100 / $200
sessions10,000 per stake/bankroll cell, 90,000 total
spin cap2,000 spins per session
max win25,000x stake (a feature event)
feature buysRazor Reveal ~50x; free-spins buys ~73x / 82x / 164x / 466x (non-UK)

model inputs worth flagging: the 25,000x max and the feature-buy menu are sourced. there is a published-RTP conflict, most sources cite 96.36% as the base-spin RTP and 96.70% as a higher (likely buy-inclusive) figure; we simulate the conservative 96.36% base. the lower operator versions are single-source and not simulated. Push does not publish a hit frequency or bonus trigger rate, so both were modelled (about 22% hit, one feature every ~202 spins) as documented assumptions; the bonus payout distribution and the ~300x base-game ceiling are model assumptions calibrated to the published RTP and the 25,000x cap.

how long bankrolls survived

survival curves, share of sessions still alive vs spins played

the stake sets the clock. at the $100 bankroll the median session ran 753 spins at $0.50. the base game ticks along, but the return is concentrated in the free-spins feature, and most bankrolls run dry before a real one lands.

bust rates

bust-rate grid, share of sessions that busted before the spin cap

bust rates within the 2,000-spin cap, 96.36% base version, 95% confidence intervals:

$50 bankroll$100$200
$0.20/spin66.5% ±0.932.4% ±0.90.6% ±0.1
$0.50/spin87.8% ±0.674.2% ±0.944.5% ±1.0
$1.00/spin93.9% ±0.587.3% ±0.773.3% ±0.9

plain reading: hold the bankroll at $100 and move the stake from $0.20 to $0.50, and the bust rate doubles from 32.4% to 74.2%. the only safe cell is $0.20 against $200 (0.6%).

the bonus wait, and what it pays

on our modelled trigger rate (about 1 in 202 spins, an assumption), the feature carries about 47% of the total return. the payout side (model-based estimates): the average feature paid 90x stake but the median was 49x, and 50% paid under 50x. the 25,000x ceiling is the rare tail; a typical feature pays around half the average. the feature buys let a player skip the wait for between roughly 50x and 466x, convenient, but the same negative-expectation math, faster.

what a finished session looks like

final bankroll by percentile

the final-bankroll distribution at $0.50/$100 has almost no middle. seven sessions in ten ended with under $0.50 of the original $100, busted, in effect, with the median finish near $0.34. then it leaps: the 90th percentile kept $322. the same die-or-detonate shape as the rest of our library.

on the version question

we simulate the conservative 96.36% base RTP here. the 96.70% figure cited by some sources is most likely a buy-inclusive or top-version number rather than the base-spin RTP, and the lower operator versions are single-source, so we do not simulate a floor. the general rule still applies: check the published RTP of the exact version at your casino and play it where that number is highest. our casino hub ranks operators by exactly that.

methodology note

we simulate models calibrated to published math, RTP, hit frequency, volatility profile, bonus behaviour, not the provider's game engine. results are sample-based observations from 101,952,876 simulated spins (90,000 sessions), with 95% confidence intervals shown. we simulated the conservative 96.36% base RTP; a 96.70% buy-inclusive figure and lower operator versions are not modelled. hit frequency and bonus trigger rate are not published and were modelled as documented assumptions; the bonus payout distribution and the ~300x base-game ceiling are reasoned estimates, not sourced. the 25,000x max is a feature event. model validation: razor-ways v1, analytic calibration exact at 96.36%, 10M-spin check within tolerance. slots are negative-expectation games; nothing here predicts outcomes or improves odds. corrections policy: methodology.html.

Where the max win actually comes from

base 51%
feature 45%

47% of this game's RTP is locked inside the bonus you rarely trigger; the base game on its own returns just 51%.

A normal spin in our simulation never returned more than ~300x (€150). The 25,000x top win is a feature event, it only came out of the bonus. (base-game ceiling: model estimate)

Play the Razor Ways demo, or stress-test it

Looking for the Razor Ways demo or free play? A demo shows you a handful of spins. Our free simulator runs Razor Ways across thousands of sessions and shows what actually happens to a bankroll over time: the bust rate, how long the money lasts, and the wait for the bonus. It is the demo with the math switched on.

stress-test Razor Ways free

FAQ

Is there a Razor Ways demo or free play?

Yes. You can play Razor Ways in demo mode at most casinos, and you can stress-test it free in our simulator, which runs thousands of sessions and reports the bust rate and session length, the demo with the math switched on.

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