Three Card Poker - another progressive jackpot question
You bet a pound, and it pays "for one" (i.e. stake not returned):
AKQ Diamonds: 100% of Jackpot
AKQ Suited (not diamonds): £500
Straight Flush: £75
Three of a kind: £50
Straight: £5
The jackpot was standing at over £10,000, so I guess that the progressive was a reasonable bet. As it happened, a friend of mine actually won the jackpot (£10,380, weeee!) and the counter was then reset to £2,000.
I'd love to know what the breakeven point is on the progressive, i.e. how much it has to be to make the bet +ev. Anyone here fancy doing the maths?
Apologies if this has been asked before but I had a good look on here and couldn't find it.
Quote: CrumbleI was playing in the Broadway Casino, Birmingham, England this weekend. The Three Card Poker had a progressive jackpot that I hadn't seen before. It's similar to, but not the same as, other ones I've seen discussed in the Las Vegas gambling sections.
You bet a pound, and it pays "for one" (i.e. stake not returned):
AKQ Diamonds: 100% of Jackpot
AKQ Suited (not diamonds): £500
Straight Flush: £75
Three of a kind: £50
Straight: £5
The jackpot was standing at over £10,000, so I guess that the progressive was a reasonable bet. As it happened, a friend of mine actually won the jackpot (£10,380, weeee!) and the counter was then reset to £2,000.
I'd love to know what the breakeven point is on the progressive, i.e. how much it has to be to make the bet +ev. Anyone here fancy doing the maths?
Apologies if this has been asked before but I had a good look on here and couldn't find it.
I find that the bet itself has a breakeven point of £11,100. Below are my numbers. (My return, £1, is the number in the lower right-corner entry on the table.)
| Hand | Ways | Pays (£) |
|---|---|---|
| AKQ Diamonds | 1 | 11100 |
| AKQ Suited (not diamonds) | 3 | 500 |
| Straight Flush | 44 | 75 |
| Three of a kind | 52 | 50 |
| Straight | 720 | 5 |
| Loss | 21280 | 0 |
| Total | 22100 | 1 |
