tonights High 5 wager is a MUST PAY ...and with a carryover of almost $600,000 going in the expected pool is $2Million plus
This is the night (MUST PAY NIGHT) the smart bettors wait for ... all the other nights leading up to this we laugh at the guys feeding the pool. To win on a regular night you need to hold the ONLY WINNING TICKET otherwise they take out the cut 15% divide the pool in two and pay out half between the winners and increase the pool with the other half
think about that EV on a regular night
Say $10,000 bet takeout $1500 leaving $8500 plus any pool money ...but as you can see it doesnt happen often so the pot grows and the winning bettors that night ONLY get paid out $4250 !!! 57.5% rake on the bets that night
tonight $1,700,000 will most likely be paid out,split between all the winners
minimum wagers are 20 cent tickets which is why the pool builds to must pay days
only bad thing about must pay nights they run a field of 12 instead of the usually 10
I understand those concepts. That is why I asked my question which I will repeat. Given the carryover, 15% takeout, and expected new bets, what is the (guess) EV for a bet tonight?
A $0.20 winning ticket on the December 23rd mandatory payout returned $4,842.70.