Three Card Poker Progressive Jackpot +EV @ Revel Atlantic City
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The ante bonus paytable is 5/4/1 (3.37% house edge, 2.01% element of risk). Table minimum is $5, and you can play 2 hands.
The best part is when you have a pair and the dealer doesn't qualify. Most people play the Pair Plus, so the dealer will sometimes mistake your Ante for the Pair Plus and the Play bet for the Ante.
Quote: chaunceyb3The current progressive is over $15K. The breakeven meter is $10,080, minus $175 for each additional player.
The ante bonus paytable is 5/4/1 (3.37% house edge, 2.01% element of risk). Table minimum is $5, and you can play 2 hands.
The best part is when you have a pair and the dealer doesn't qualify. Most people play the Pair Plus, so the dealer will sometimes mistake your Ante for the Pair Plus and the Play bet for the Ante.
I've thought about plays like this. If I remember my estimate was at 40 hands an hour it takes on average over 500 table hours to hit the jackpot. The cycle is 22100 hands. I wonder what the correct hands per hour is?
I think your break even point is also the wrong way to think about it since you have to make up for the house edge on the ante bet to make the combination of bets positive ev.
Quote: randomperson
I've thought about plays like this. If I remember my estimate was at 40 hands an hour it takes on average over 500 table hours to hit the jackpot. The cycle is 22100 hands. I wonder what the correct hands per hour is?
I think your break even point is also the wrong way to think about it since you have to make up for the house edge on the ante bet to make the combination of bets positive ev.
I agree, you need to make sure that the jackpot covers the expected losses of ante&play at the $5 level. At the moment, it does cover it with a little to spare, but it's a lot of risk for marginal return right now.
Quote: randompersonQuote: chaunceyb3The current progressive is over $15K. The breakeven meter is $10,080, minus $175 for each additional player.
The ante bonus paytable is 5/4/1 (3.37% house edge, 2.01% element of risk). Table minimum is $5, and you can play 2 hands.
The best part is when you have a pair and the dealer doesn't qualify. Most people play the Pair Plus, so the dealer will sometimes mistake your Ante for the Pair Plus and the Play bet for the Ante.
I've thought about plays like this. If I remember my estimate was at 40 hands an hour it takes on average over 500 table hours to hit the jackpot. The cycle is 22100 hands. I wonder what the correct hands per hour is?
I think your break even point is also the wrong way to think about it since you have to make up for the house edge on the ante bet to make the combination of bets positive ev.
With a 2% EoR on the main game and a $5 bet, the progressive should bring everything positive at about $13k.
One consideration: If the PP paytable is other than 6/3/1, it might be worth looking at making only that bet for $5 if it increases the speed of an otherwise +EV game...
Quote: rdw4potus
With a 2% EoR on the main game and a $5 bet, the progressive should bring everything positive at about $13k.
One consideration: If the PP paytable is other than 6/3/1, it might be worth looking at making only that bet for $5 if it increases the speed of an otherwise +EV game...
Revel would offer something better than 6/3/1? Has a felt that doesn't say 6/3/1 even been produced since 2009 anywhere? I like your hopefulness though. :)
Quote: tringlomaneRevel would offer something better than 6/3/1? Has a felt that doesn't say 6/3/1 even been produced since 2009 anywhere? I like your hopefulness though. :)
lol! I thought with the whole "Gamblers Wanted" thing...
And, actually, Southland Park's game is 6/4/1. I think there are a couple other examples from the midwest/south as well.
I never understood why 5/4/1 was skipped over at most places. 6/4/1 to 6/3/1 is a HUGE downgrade...
Quote: tringlomaneRevel would offer something better than 6/3/1? Has a felt that doesn't say 6/3/1 even been produced since 2009 anywhere? I like your hopefulness though. :)
I'm pretty sure Sands Bethlehem started with 6-4-1. I don't know that they still do it, though. It was either Sands or Mt Airy, and I'm pretty sure it was Sands.
Quote: rdw4potus
With a 2% EoR on the main game and a $5 bet, the progressive should bring everything positive at about $13k.
One consideration: If the PP paytable is other than 6/3/1, it might be worth looking at making only that bet for $5 if it increases the speed of an otherwise +EV game...
Minor math quibble here, and I hate to call you out RDW, but I'm actually not sure that I'm right...
As I understand it, the 2% element of risk applies to your "average money put at risk," i.e. the ante bet + (raise bet) * (probability of raising).
To get the expected loss given just the ante bet, you have to use the house edge.
Is that right?
Also, for big jackpots like this, always consider the tax implications. Whether or not the casino gives you a W2G (I think this would be one of the rare instances of a table game actually requiring one?), you are legally liable for taxes on that win...
Quote: AcesAndEightsMinor math quibble here, and I hate to call you out RDW, but I'm actually not sure that I'm right...
As I understand it, the 2% element of risk applies to your "average money put at risk," i.e. the ante bet + (raise bet) * (probability of raising).
To get the expected loss given just the ante bet, you have to use the house edge.
Is that right?
Also, for big jackpots like this, always consider the tax implications. Whether or not the casino gives you a W2G (I think this would be one of the rare instances of a table game actually requiring one?), you are legally liable for taxes on that win...
I'm showing a meter of $13803.85 required to overcome a $5 ante bet, minus the $175 per each other player at the table.
EDIT: Eh, actually not sure about that math.
