Progression Side Bet (777)

Hello Wizard,

I have another question about a side bet we can make in Holland Casino (they use 6 decks with a shuffle machine the shuffles after each round).

It's like this: every rounds the side bet is €0,50. If you get 3 hearts of 7 you get the best jackpot. If you get 777 in spades, clover or diamands you also got a jackpot, and also, if you have a coloured 777, you will get a small jackpot.
The jackpot grows till someone gets the jackpot, then the jackpot will begin again with small money.
The last time I came it was like this:

Golden jackpot (777 hearts): €45.000,-
Silver jackpot (777 spades, clover or diamonts): €11.000,-
Bronz jackpot (777 coloured): €1.000,-

and you always get a prize when you have:

Any 777 (not coloured): €150,-
77 hearts: €75,-
77: €15,-

Can you calculate the house edge.. or maybe more usefull, calculate the point that this side-bet becomes statistically interesting (were it has an break-even point or advantage for the player).

Thank you very much!

Hi Raymond,

Can you send me a private message? Then I iwll give you my calculation (in Excel), you can then fill in the jackpot amounts and find the house edge.

Regards,

Martijn.