cmc0605
cmc0605
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February 18th, 2017 at 12:24:29 AM permalink
A brand new casino has opened in upstate New York (Rivers).

I was strolling by the three card poker/Mississippi/LIR type games, and noticed a progressive jackpot side bet that players were betting on. It uses 5/5 cards (two community cards are held to the side in 3CP) and pays according to a paytable.

I found the paytable (below) online at a different casino.
However, I have looked at multiple casino websites offering this, and this is a $1 side bet everywhere I saw. At new Rivers, it is $5. Of course, it pays odds rather than a fixed amount, but if I did my math correctly this is a >40% House edge bet, which makes me think they are screwing up. The JP was about 60k when I looked. This could be an innocent mistake so far. I would like to get input, especially if I should talk to a pit boss...


Royal Flush 100% JP (Envy of 1,000to1)
Straight Flush 10% JP (Envy of 300to1)
Four of a Kind 300to1
Full House 50to1
Flush 40to1
Straight 30to1
Three of a Kind 9to1
RS
RS
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February 18th, 2017 at 2:20:33 AM permalink
Haven't done the math on it, I'll take your word for it. But what about the meter movement? The meter could be very high, which would make up for (some of) the 40% HE.
GWAE
GWAE
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February 18th, 2017 at 3:36:47 AM permalink
Quote: RS

Haven't done the math on it, I'll take your word for it. But what about the meter movement? The meter could be very high, which would make up for (some of) the 40% HE.



Have not done math either and have no clue about meter move but I will say they have the same thing at Rivers pittsburgh and the meter moves so fast that you can not see the dollars move, it just jumps. Often times it gets very high compared to the starting.
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cmc0605
cmc0605
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February 18th, 2017 at 10:34:09 AM permalink
Quote: GWAE

Have not done math either and have no clue about meter move but I will say they have the same thing at Rivers pittsburgh and the meter moves so fast that you can not see the dollars move, it just jumps. Often times it gets very high compared to the starting.



Thanks, it was only ~60-70k when I looked, and I checked another casino's site that had the current jackpot posted and it was comparable ($1 bets).

I think this math is right, assuming a 100k jackpot, and ignoring the envy which I doubt makes a huge difference. And actually, I'm assuming a "to one" payout here; I didn't actually take good notice of whether the $5 chips were collected. It was those circles that light up when a chip is on there, which is another reason I believe it should be $1.

(20000*0.000002)+(2000*0.000014)+(300*0.000240)+(50*0.001441)+(40*0.001965)+(30*0.003925)+(9*0.021128)+(-1*0.9712854) = -0.373
rf sf quads Full House Flush Straight Trips Other
DeMango
DeMango
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February 18th, 2017 at 1:17:53 PM permalink
Down here in MS, it is $1 bets. If they are collecting $5 per bet, I can well imagine an outrageous house edge.
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Deucekies
Deucekies
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February 18th, 2017 at 1:38:38 PM permalink
$5 progressives are becoming more and more popular. They're all over the place in Vegas, being used on just about every game except Pai Gow. Up here in WA, I've seen one cardroom that collects $5 progressives on Pai Gow even.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
cmc0605
cmc0605
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February 18th, 2017 at 2:51:56 PM permalink
Quote: Deucekies

$5 progressives are becoming more and more popular. They're all over the place in Vegas, being used on just about every game except Pai Gow. Up here in WA, I've seen one cardroom that collects $5 progressives on Pai Gow even.



Thanks. I am over this now. I think there is another mistake in Asian poker, in which they argue a joker may not be used in fortune side bet hands (the paytable is slightly different than pai gow fortune, the one on wizards site, but very similar)
Deucekies
Deucekies
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February 18th, 2017 at 2:53:37 PM permalink
Not to hijack your thread, but I was quite annoyed last time I played UTH at New York New York. Not only is the progressive jackpot a $5 wager, but you must flop any hand to win on. Rivering a full house, for example, pays nothing.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
cmc0605
cmc0605
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February 18th, 2017 at 5:37:06 PM permalink
Quote: Deucekies

Not to hijack your thread, but I was quite annoyed last time I played UTH at New York New York. Not only is the progressive jackpot a $5 wager, but you must flop any hand to win on. Rivering a full house, for example, pays nothing.



Where is UTH in NY?
beachbumbabs
beachbumbabs
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February 18th, 2017 at 9:43:39 PM permalink
Quote: cmc0605

Where is UTH in NY?



I think he means the Vegas casino New York New York. It's an MGM property.
If the House lost every hand, they wouldn't deal the game.
djatc
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February 18th, 2017 at 10:19:35 PM permalink
I played uth with the $5 progressive and they paid me if I rivered it.

That was fun. Dunno if I had an advantage tho
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