BORGATA PROGRESSIVE JACKPOT

The borgata in AC recently installed a progressive jackpot tied to all the tables in their carnival game pit. The bet is for 5 card hands. So In 3 card poker for example, it's your 3 cards plus the dealer deals out a special 2 card hand separate which everyone betting uses. In 4 card poker it's all 5 of your cards, etc etc.

The progressive bet is anywhere from $1 to $5 and the prizes are multiplied based on how much you choose to bet.

My question is, currently the "JACKPOT" prize, which is won by having a royal flush in the suit hearts, is up to $937,000. That jackpot is based on a $5 bet of course.

How high would that jackpot have to climb in order for it to become a player edge wager?

If anyone has any other questions feel free to ask. I'm at the borgata 3-4 nights a week so I'm pretty well versed on the goings on there. This progressive jackpot is
Made up of 3 card poker, 4 card poker, let it ride, and 5 card hi lo. I believe they are letting Caribbean stud continue to have its own separate progressive

And unfortunately they removed the MINI ROYAL 100-1 payout without making flushes 4-1 like they once were.

It depends on the other payouts. If the heart royal is the only payout, for a $5 wager, it is terrible.

The jackpot was started at a million. Someone hit a straight flush with a $5 bet which paid $50k.

Quote: michael99000

The jackpot was started at a million. Someone hit a straight flush with a $5 bet which paid $50k.

Ok, so that's 10000 for 1...we need the complete list of payouts to determine the return of the bet. And be aware that if that the initial bet is always taken away from you (likely) that's a "for 1" payout, not a "to 1" payout.

And how did the jackpot start at a million if the Royal in hearts is only $937,000?

Quote: tringlomane

Ok, so that's 10000 for 1...we need the complete list of payouts to determine the return of the bet. And be aware that if that the initial bet is always taken away from you (likely) that's a "for 1" payout, not a "to 1" payout.

And how did the jackpot start at a million if the Royal in hearts is only $937,000?

It's a progressive jackpot. It started at a million, someone won 50k, others have won smaller prizes on full houses and 4 of a kinds etc, people keep paying into it..so the total is now
At 937k.

And when we are talking about 10,000 to 1 payouts does whether or not you get your 5 bucks back really matter? You don't, so that means the str flush paid 9999 to 1.

Are you sure they take the smaller prize payments out of the jackpot? That's very unusual. And to have the win rate exceed the collection rate is very strange as well.

Quote: michael99000

It's a progressive jackpot. It started at a million, someone won 50k, others have won smaller prizes on full houses and 4 of a kinds etc, people keep paying into it..so the total is now
At 937k.

And when we are talking about 10,000 to 1 payouts does whether or not you get your 5 bucks back really matter? You don't, so that means the str flush paid 9999 to 1.

It matters a lot when some of the bets don't pay off something around 10000 to 1.

2 to 1 is twice the value of 2 for 1.

BTW, if you don't post the complete payouts nobody can really help you out with this.

Quote: rdw4potus

Are you sure they take the smaller prize payments out of the jackpot? That's very unusual. And to have the win rate exceed the collection rate is very strange as well.

Yes, it'd be really weird if they are taking small prizes out of the fund. Seriously weird, and probably not a good way to run a progressive. Maybe the top 4 hands being Str. Flush, Royal and Royal in a specific suit, makes sense.)

I mean it's not the most likely thing (for the win rate to exceed collections) but if it just started and somebody got pretty lucky early on it makes sense.

We were at Borgata a couple weeks ago. the new bet is confusing, and no one seems to like it. Few players are playing it. The general consensus is, "If we don't play it, it will go away."

When I sat down at my first table, that's what I said to the dealer. He laughed, the other players at the table laughed and nodded. The dealer then tried talking the bet up, but I think he was being watched. Later on, at a different table, another dealer told me that none of them like it, that it is confusing to them as well, and it slows down the games and causes a lot of procedural errors.

It seems that you don't place a bet, but rather you buy a bank of bets and then make your bets from that bank. so you might buy 20 bets. Then every time you decide to take a chance on the progressive, you push the button to bet $1-$5 on the outcome, and your bank drops by that amount. There is a little counter showing how much you bet, and how much you have. In two days, I think I saw one player making that bet, at a table I wasn't on. No one made it anywhere I was playing.

One thing, though, there's a lot of investment in new felt, so it will get a few months of trial. But I think it's a dud.

BTW, Let It Ride isn't in the pot, neither is Caribbean Stud. I'm not sure about 5 Card Hi-Lo, I've never sat down there. But best I could tell it is 3 Card and 4 Card only.