royalflush2000
royalflush2000
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August 14th, 2022 at 9:56:59 AM permalink
Payout schedule is with the flop and 2 hole cards.

Royal flush diamond 166000 mega
Straight flush diamond 166000 mega
Other Royal flushes 57000 major
Other Straight flushes 57000 major
4 card Ace/king/queen/jack 6000 minor
other 4 cards 125
full house 62.50
Flush 50
Straight 37.50
3 of a kind 12.50

To win progressives you have to bet 2.50 extra

My question is: When can I play the 2.50? What are the break even points for the mega, major and minor or a combination of those three?
ThatDonGuy
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August 14th, 2022 at 12:32:49 PM permalink
I am assuming that the payouts are "to 1" - for example, if you get 3 of a kind, you get 12.50 plus your 2.50 bet back.

In this case, the expected value = Mega / 259,896 + Major / 86,632 + Minor / 13,536.25 - 1.80785, where Mega, Major, and Minor are the values of the three progressives.

With the three values you list, the house edge is about 2.717%.

If the three progressives remain in the same proportion as above, the break-even point is just under 172,500 for the mega (wihch would have the major at about 59,232 and the minor at about 6235).

Without knowing the exact increase values of the progressives with respect to each other, that's as close as I can come to an answer.
royalflush2000
royalflush2000
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August 16th, 2022 at 8:14:48 AM permalink
First of all, thank you for responding.

You don't get your bet of 2.50 back, you only receive the payout. So that probably changes some of the calculations.

Tonight I will go to the casino, and I will find out how much the 2.50 bet goes to the progressives. After this I will post the outcome as another reply under this post.

To calculate it with close to an 100% certainty, do you need anything besides the exact increase values of the progressives?

Now I play bet 5 - 5 + 2.50 to play for progressive at Ultimate Texas Holdem.
gordonm888
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gordonm888
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August 16th, 2022 at 8:48:58 AM permalink
So, the decision about paying the $2.50 fee in order to be eligible for the progressives occurs before any cards are dealt?

Obviously, the higher your unit bet the more attractive it is to pay the $2.50 'progressive fee.' But you are specifically asking about 5-5-($2.50).
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
ThatDonGuy
ThatDonGuy
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August 16th, 2022 at 6:24:59 PM permalink
Quote: royalflush2000

First of all, thank you for responding.

You don't get your bet of 2.50 back, you only receive the payout. So that probably changes some of the calculations.

Tonight I will go to the casino, and I will find out how much the 2.50 bet goes to the progressives. After this I will post the outcome as another reply under this post.

To calculate it with close to an 100% certainty, do you need anything besides the exact increase values of the progressives?

Now I play bet 5 - 5 + 2.50 to play for progressive at Ultimate Texas Holdem.
link to original post


The amounts that the progressives go up, and whether that's per hand, per minute, or something else, should be all that I need.
royalflush2000
royalflush2000
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August 18th, 2022 at 9:41:22 AM permalink
To start, the progressives go up per hand.

From the 2.50 bet, 50% goes to the casino and the other 50% is divided over the progressives.

45% Mega, 35% major, 20% minor.
100xOdds
100xOdds
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August 21st, 2022 at 2:43:36 PM permalink
Quote: royalflush2000

To start, the progressives go up per hand.

From the 2.50 bet, 50% goes to the casino and the other 50% is divided over the progressives.

45% Mega, 35% major, 20% minor.
link to original post

50% house edge?!
how is that even legal?
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ThatDonGuy
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August 21st, 2022 at 3:24:47 PM permalink
Quote: 100xOdds

Quote: royalflush2000

To start, the progressives go up per hand.

From the 2.50 bet, 50% goes to the casino and the other 50% is divided over the progressives.

45% Mega, 35% major, 20% minor.
link to original post

50% house edge?!
how is that even legal?
link to original post


It's probably legal as long as the total house edge for the bet is above the minimum required percentage, assuming there is one where the game is based.

As for the original question - calculating the breakeven point - there's no easy way to answer it, as hitting one progressive won't result in the others going down.

Question 1: what are the reset/starting values for the three progressives?

Question 2: just so I understand how this game works - you have to pay 2.50 to get the stated returns for the non-progressive results (12.50 for three of a kind, 25 for straight, and so on), and another 2.50 to activate the progressives, but you don't increase the other results? In other words, if you bet 5 and get three of a kind, it still returns 12.50 and not 25?
royalflush2000
royalflush2000
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August 26th, 2022 at 2:03:05 AM permalink
Hello, thanks again for answering!

Question 1: The mega starts at 25000, the major at 5000 and the minor at 500.

Question 2: It is true that you have to pay 2.50 to get the stated returns, but it includes playing for the progressives. So you only have to bet 2.50 once and you cant increase that bet.
AlanMendelson
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August 26th, 2022 at 2:17:35 AM permalink
Quote: 100xOdds

Quote: royalflush2000

To start, the progressives go up per hand.

From the 2.50 bet, 50% goes to the casino and the other 50% is divided over the progressives.

45% Mega, 35% major, 20% minor.
link to original post

50% house edge?!
how is that even legal?
link to original post



I don't know if the OP is talking about an online game or a table game in the USA or Nevada, or wherever.

But the NGC takes the position on table games that ALL OF THE TABLE BETS COMBINED must have a house edge no greater than 25%.

This allows for good bets to offset bad bets.
ThatDonGuy
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August 26th, 2022 at 8:25:21 AM permalink
Quote: royalflush2000

Hello, thanks again for answering!

Question 1: The mega starts at 25000, the major at 5000 and the minor at 500.

Question 2: It is true that you have to pay 2.50 to get the stated returns, but it includes playing for the progressives. So you only have to bet 2.50 once and you cant increase that bet.
link to original post


Thanks for the clarification. Your original post said, "To win progressives you have to bet 2.50 extra," which confused me.

However, something seems strange about those numbers - if the progressives are all at their minimum, the house edge on the game is something like 68%. Are you sure that those payouts don't also return the amount that you bet?

The break-even point depends on the values of all three progressives, which you have to figure out separately for each set of values.
I get an approximation of the break-even point as: Mega + 3 x Major + 20 x Minor = 200,000.
At the starting point, Mega + 3 x Major + 20 x Minor = 50,000.
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