ChumpChange
ChumpChange
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May 6th, 2022 at 8:53:01 AM permalink
My local casino has two table games next to each other, MS Stud & Let It Ride. For $1 I could bet for the progressive jackpot. There's lower payoffs for Straight Flush and Four Of A Kind that use a Major & Minor Jackpot. Other hands are paid at non jackpot amounts. So the running Royal Jackpot is $76.7K. The table limits on MS Stud is $10/$15 to $500. If I was betting $15 ($150 total bet x 500 = $75K), I'd win $150K+ including the Royal jackpot. If I bet $500 ($5,000 x 500 = $2.5 million), I'd get $2,575,000+ for a Royal. I tried to look closely at the table and the signage and saw nothing about maximum payouts. If they'd payout over $75K on a $1 jackpot, they'd have more than a $150K maximum payout, right?
I'd have to have a $6K session buy-in at $15 so I can try to win a 4 of a kind before I go broke though.
gordonm888
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gordonm888
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May 6th, 2022 at 1:19:50 PM permalink
So, if I understand your post, for $1 you can increase the Royal Flush payout by 50% or less- an occurrence that is like 1 in >600,000. On a huge jackpot that will be reported to the IRS if you ever actually won it.

Why? There is very little equity in the prospect of getting a straight flush or a Royal flush. Why increase your bet size by >5% to get a little but more on those payouts?
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
ChumpChange
ChumpChange
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May 6th, 2022 at 1:42:23 PM permalink
Well $75K regular payout on a $15 base bet, plus $75K+ for a $1 jackpot, that's a 100%+ increase in the payout. The Royal pays more than 300 to 1 regularly so both payouts would be W-2G time. As for the Major & Minor payouts they might be W-2G too because they are more than $301 for $1.
It could be that the Royal jackpot was around $25K several months ago and it's been growing ever since. I'm sure the Wizard has done some calculation on bets like this and declared it a loser, but I haven't looked up whether it's a 10% or 20% loser yet, and it does depend on how far the progressive has gone up when you actually win it, but until then it might be a 30% loser. But teams will circle round the $9,000 $1 video poker progressive, would they even bother for a MS Stud jackpot, lol?

A major point of my post is that there's no sign about maximum payouts and the jackpot exceeds any maximum payout expressed on this forum for this game. Usually it's around $25K, or $50K, or maybe $75K, and could extend to all players so some will get shorted based on their seat number at the table. These maximum payouts make betting $5, or $10, or $15 as a base bet the best bet, and table minimums are not that low and table maximums are not that low. I'd be playing the game for 25 cent base bets and still trip a W-2G for a $1250 payout on a Royal.
rsactuary
rsactuary
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May 6th, 2022 at 2:03:55 PM permalink
Those progressive bets are a flat amount, you can't bet 5x and win 5x the published progressive. Said another way, you can only place $1 per hand on that bet.
AlanMendelson
AlanMendelson
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May 6th, 2022 at 2:45:27 PM permalink
Most casinos have a max payout on the royal flush on the player's bet... but there should be no cap on the progressive since that money technically belongs to the players.

Here's a real world example.

My son was playing $100 bets on Mississippi Stud at Hollywood Park Casino in LA and got a royal.

The casino's max payoff was $20,000. He was paid the $20k and was shorted on his $100 bets. There was no progressive.

I recall Caesars once having a $50k max on the royal and Barona having a $100k max on the royal.
ChumpChange
ChumpChange
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May 6th, 2022 at 2:49:46 PM permalink
So he was shorted up to 96% of the payout, or $480K. Even if he hit a 4 of a kind for 40 to 1, he'd be shorted up to 50% of the payout, or $20K.
AlanMendelson
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May 6th, 2022 at 3:06:23 PM permalink
Quote: ChumpChange

So he was shorted up to 96% of the payout, or $480K. Even if he hit a 4 of a kind for 40 to 1, he'd be shorted up to 50% of the payout, or $20K.
link to original post



I dont disagree.

I remember he complained about being shorted on big winners but honestly how often do you get a big winner?

I haven't played MS in more than 7 or so years. I remember being overjoyed if I got 3oak.
gordonm888
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gordonm888
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May 6th, 2022 at 4:39:01 PM permalink
What do you need to do on Let It Ride to win the Jackpot?
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
gordonm888
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gordonm888
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May 6th, 2022 at 4:39:05 PM permalink
What do you need to do on Let It Ride to win the Jackpot?
So many better men, a few of them friends, are dead. And a thousand thousand slimy things live on, and so do I.
ChumpChange
ChumpChange
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May 6th, 2022 at 4:45:24 PM permalink
It's basically the same set of hands in the payout tables, so pay $1 and hit a Royal.

I just played MS Stud on the website for an hour with $25 ante, and I'm wondering if a $5,000 win goal is good.


What goes up comes back down department. I got a Full House that put me to over $8,000 ahead, but that was followed by an extreme cold streak that wiped away all those gains. I'm certainly a $10K 4 of a kind win behind now.
Last edited by: ChumpChange on May 6, 2022

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