Dragon Dragon Baccarat Progressive opened at Gold Coast Casino, Las Vegas

Dragon Dragon Baccarat Progressive opened at Gold Coast Casino last Wednesday. The rules of play are:

1) Must wager $2, no more, no less
2) Payout Table

Combined Banker & Player Cards ......................... Payout
6 of a Kind .......................................................................... 100% Jackpot*
5 of a Kind ............................................................................ 10% Jackpot*
Double 3 of a Kind ............................................................ $500 for $2
4 of a Kind .............................................................................. $100 for $2
3 of a Kind on 4 Cards Total** ..................................... $50 for $2

*Jackpot will be evenly divided among the winning players
**Neither Player nor Banker draws

3) The progressive is on regular tables, not light tables. There is no special hardware and software for this bet.

4) The progressive is on two linked tables. Both tables also have Tie Max side bet which has grown to be on 5 tables at Gold Coast now.

Welcome to play.

Congrats on your opening! Is this your Nevada trial, or has that already been done? Who is distributing?

I get 1-in-957609 (note. 6-of-a-Kind can only occur with 0's, 2's, 5's, 6's and 7's). At a game pace of 40 rounds per hour, that's 23940 hours. With 2 linked tables open, that's about 11970 hours or once every 1.37 years. That is not going to be an attractive progressive, IMO.

Thank you, barb.

Progressive is a side bet, thus no need to have a Nevada trial. It's an approved bet, a real deal; being trialed only by the market. No distributor involved so far.

Quote: teliot

I get 1-in-957609 (note. 6-of-a-Kind can only occur with 0's, 2's, 5's, 6's and 7's). At a game pace of 40 rounds per hour, that's 23940 hours. With 2 linked tables open, that's about 11970 hours or once every 1.37 years. That is not going to be an attractive progressive, IMO.

That's a really interesting observation I didn't pick up at first, that about 1/3 of the hands won't qualify to start with. I really appreciate you doing the calculation.

Is the progressive going to depend on multiple tables/properties to be attractive, then? What's the estimated/projected hit rate for any pay? 50:1 for the lowest is a nice amount. So 1 black chip at.a minimum.

Correction, sorry. $50 min pay, not 50:1

Quote: teliot

I get 1-in-957609 (note. 6-of-a-Kind can only occur with 0's, 2's, 5's, 6's and 7's). At a game pace of 40 rounds per hour, that's 23940 hours. With 2 linked tables open, that's about 11970 hours or once every 1.37 years. That is not going to be an attractive progressive, IMO.

What's the expected jackpot at 11970 hour? May be worth waiting.

Quote: UCivan

What's the expected jackpot at 11970 hour? May be worth waiting.

Would need to know the seed and increment to compute the point at which it becomes +EV.

The meter showed $2,000 on Wednesday. The vendor may not want to share the increment. Could we assume a contribution of 25%, 35% or 45% (or any number) respectively.

Quote: UCivan

The meter showed $2,000 on Wednesday. The vendor may not want to share the increment. Could we assume a contribution of 25%, 35% or 45% (or any number) respectively.

We could assume anything we like. I'll just assume you are joking and go about my business.

I thought this is called "sensitivity analysis". May be it's a joke to you, but seeing $2,000 is not a joke. Good job.