Crumble
Crumble
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Joined: Jan 18, 2017
January 18th, 2017 at 3:26:56 AM permalink
I 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.
Last edited by: Crumble on Jan 18, 2017
ChesterDog
ChesterDog
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Paigowdan
January 18th, 2017 at 5:38:04 AM permalink
Quote: Crumble

I 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.)

HandWaysPays (£)
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
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