Face Up Pai Gow Poker Progressive Jackpot
Poll
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21 members have voted
supply and demand the closest casino to me did that when the progressive got upwards of a million dollars.limited number of seats and everyone wanted their shot.progressive bet was $5 instead of$1. Is the progressive bet for this monster $5 also?my local casino doesn't offer paigow. This was 6 card progressive lined to 3 card poker and I believe crazy 4 pokerQuote: calwatchQuote: WizardQuote: ams288Are they jacking up the table minimums?
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I don't know. I'd be interested to hear an update on that and seat availability.
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There are some people chasing it on the VMB and they are reporting minimum $25 at the low end CET casinos and $50 at the high end. So maybe one notch greater than normal.
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Quote: calwatchQuote: WizardQuote: ams288Are they jacking up the table minimums?
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I don't know. I'd be interested to hear an update on that and seat availability.
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There are some people chasing it on the VMB and they are reporting minimum $25 at the low end CET casinos and $50 at the high end. So maybe one notch greater than normal.
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Quote: WizardQuote: DogHandAre any of you concerned about the "$50,000 MAXIMUM AGGREGATE PER PLAYER" verbiage on the sign?
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Good catch. That's normally not on a single bet size wager like this. I think it's inclusion is a holdover from some other side bet sign. If a casino invoked that to avoid paying the Mega jackpot, it would not be good and I think they would lose if it went to Gaming.
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I'm pretty sure the $50,000 aggregate applies to the Fortune Bonus.
0% chance it applies to the progressive, I'm pretty sure they've given away Major Jackpots in excess of $50,000 recently.
Quote: ams288Yeah, that $50,000 only applies to the fortune bonus, and excludes other players’ envy bonuses as well. So if someone bets $10 on the fortune and hit the 7 card straight flush no joker, they get $50k and the other players still get their envy.
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Can you remind us which similar jackpot you hit? Was it the 7 card SF? How much you made? And how long from the time your cards were turned over until you got paid?
Quote: SOOPOOQuote: ams288Yeah, that $50,000 only applies to the fortune bonus, and excludes other players’ envy bonuses as well. So if someone bets $10 on the fortune and hit the 7 card straight flush no joker, they get $50k and the other players still get their envy.
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Can you remind us which similar jackpot you hit? Was it the 7 card SF? How much you made? And how long from the time your cards were turned over until you got paid?
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7 card straight flush no joker.
Just had $1 on the fortune, so won $8,000. No one else at the table so no one got envy.
Didn’t take long to get paid at all.
Quote: avianrandysupply and demand the closest casino to me did that when the progressive got upwards of a million dollars.limited number of seats and everyone wanted their shot.progressive bet was $5 instead of$1. Is the progressive bet for this monster $5 also?my local casino doesn't offer paigow. This was 6 card progressive lined to 3 card poker and I believe crazy 4 poker
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This is a $5 progressive also. Yesterday at $5,666,666 and if no one hits should be at $6,000,000 in the new year.
Quote: ddlomlIronically, with the dealer Ace High, you pushed your regular bet. Congrats on the bonus win!
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He wasn’t winning no matter what. All he could have is a J -10 up top anyway. I’ve had 4 Royal flushes and didn’t win any of those hands.
It really is a pretty picture!
Quote: jmillsAny update on this progressive? Any chance it will be unhit by the time I'm out there in 3 weeks?
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Was playing NOT at a Caesars property. Guy announces he has 6 straight flush cards and needs J of Hearts to hit. He turns over for all to see…. J of Spades. He can play straight to the J with KQ. Or flush with KJ…. He is moaning that he probably won’t even win his main bet. At my local casino the bonus would have only paid him $12.5k on that bet. But each envy guy would get $1k!
No way to tell if it will still be unhit by the time you get there. When you win it please post a picture….
Two weeks ago, took a look at Harrah's, Linq, Flamingo, Cromwell, Horseshoe, Paris, Planet Hollywood. All were at $50 (even Linq!) except for Harrah's, which had $25s.
Rio has it also on a face down Pai Gow table, which was at $25 earlier this morning. Is playing face down at $25 more advantageous than playing face up at $50?
Caesars: 4 tables, $200/$300 min
Paris: 4-5 tables, $50. very crowded
Cromwell: $50, only 2 tables
Planet Hollywood: 7-8 tables, all $100
Quote: dogayay554Is playing face down at $25 more advantageous than playing face up at $50?
Yes. Approximate numbers:
Face Up house edge is 1.8%, traditional face down is about 2.6%. $25 face down expected loss per hand is 65 cents, $50 face up is 90 cents.
. Remind me, what are the odds of a single hand being the jackpot winner?Quote: WizardA picture taken today (Jan 1) shows a jackpot of $6,232,237.
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The jackpot was about 100K higher than above; going up about 35K per day at this point.
Quote: SOOPOORemind me, what are the odds of a single hand being the jackpot winner?
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1 in 676,066.
Here is a picture of the sign, taken on Jan 1.
Quote: WizardQuote: SOOPOORemind me, what are the odds of a single hand being the jackpot winner?
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1 in 676,066.
Here is a picture of the sign, taken on Jan 1.
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Thanks. I thought it was much rarer than that! I have some vague recollection of that number being the odds of a dealt Royal. 1 in 649,740. But that is only 5 cards being dealt…. Coincidental that odds are so close…
Quote: SOOPOOThanks. I thought it was much rarer than that! I have some vague recollection of that number being the odds of a dealt Royal. 1 in 649,740. But that is only 5 cards being dealt…. Coincidental that odds are so close…
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Good comparison about the dealt royal. The odds of that are 1 in 649,740, to be exact. That is definitely has an achievable feeling to it. I had a dealt royal in video poker once.
Quote: WizardQuote: SOOPOOThanks. I thought it was much rarer than that! I have some vague recollection of that number being the odds of a dealt Royal. 1 in 649,740. But that is only 5 cards being dealt…. Coincidental that odds are so close…
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Good comparison about the dealt royal. The odds of that are 1 in 649,740, to be exact. That is definitely has an achievable feeling to it. I had a dealt royal in video poker once.
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I have been fortunate enough to have had a few dealt royals. Unfortunately, never on a multi-hand game. I played a lot of 50 play and introduced a friend of mine to an advantage play on it and he got a dealt royal on his first day playing it.
Quote: WizardQuote: SOOPOOThanks. I thought it was much rarer than that! I have some vague recollection of that number being the odds of a dealt Royal. 1 in 649,740. But that is only 5 cards being dealt…. Coincidental that odds are so close…
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Good comparison about the dealt royal. The odds of that are 1 in 649,740, to be exact. That is definitely has an achievable feeling to it. I had a dealt royal in video poker once.
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The difference is that a reasonably fast VP player plays 800 hands per hour. PG is more like 20-30 hands an hour.
Quote: 3for3Quote: WizardQuote: SOOPOOThanks. I thought it was much rarer than that! I have some vague recollection of that number being the odds of a dealt Royal. 1 in 649,740. But that is only 5 cards being dealt…. Coincidental that odds are so close…
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Good comparison about the dealt royal. The odds of that are 1 in 649,740, to be exact. That is definitely has an achievable feeling to it. I had a dealt royal in video poker once.
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The difference is that a reasonably fast VP player plays 800 hands per hour. PG is more like 20-30 hands an hour.
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I guess the important info needed to analyze what the likelihood of it being hit on any day might be available to someone….
1. How many spots at all the Caesar’s tables that have this side bet available exist?
2. Given the 24 hours in a day, what % of the time is the side bet being bet per spot available?
3. How many hands per hour are dealt on average?
Under normal circumstances, I’m that guy that doesn’t bet the $5 progressive. I think if I was in Vegas now I’d be betting it.
I assume a $50 required bet in the base game and jackpots of $5000, $20000, and $6.2M.
After doing the Kelly calculations, I find that if we don't consider taxes, the player should have a $1.1 million bankroll. If we assume 37% taxes on the Mega, I show a bankroll of $1.75 million.
I would be interested to hear thoughts on where the Minor and Major tend to average at or where they reseed at. I think the Minor reseeds at $2,500, but could use a confirmation.
Quote: WizardSomebody on my Live Stream asked how big one's bankroll should be to go after the Face Up PGP progressive.
I assume a $50 required bet in the base game and jackpots of $5000, $20000, and $6.2M.
After doing the Kelly calculations, I find that if we don't consider taxes, the player should have a $1.1 million bankroll. If we assume 37% taxes on the Mega, I show a bankroll of $1.75 million.
I would be interested to hear thoughts on where the Minor and Major tend to average at or where they reseed at. I think the Minor reseeds at $2,500, but could use a confirmation.
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It’s not just bankroll. Your math construct does not factor in the value or ‘cost’ of the time involved. I think there are many here who have that bankroll, but the lost time would make it not worth it.
Also, since there are places where the minimum is $25, and I think the extra work for you is minimal, why not do a calculation using $25 minimum as well?
Quote: WizardSomebody on my Live Stream asked how big one's bankroll should be to go after the Face Up PGP progressive.
I assume a $50 required bet in the base game and jackpots of $5000, $20000, and $6.2M.
After doing the Kelly calculations, I find that if we don't consider taxes, the player should have a $1.1 million bankroll. If we assume 37% taxes on the Mega, I show a bankroll of $1.75 million.
I would be interested to hear thoughts on where the Minor and Major tend to average at or where they reseed at. I think the Minor reseeds at $2,500, but could use a confirmation.
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I believe you quoted ~$100 loss per hour for a $50 game when the jackpot isn’t hit. Wow. I suppose if I had the bankroll and time I might camp out at a table and take a shot but good god that’s a lot to lose per hour hoping for life changing money. It’s small comfort to know you had +EV if you end up blowing $100k chasing it. Explains why $1.75mm bankroll suggested.
I remember when the reversed Royal VP thing came up last year thinking it was a lot of money to lose hoping for the big payoff but this is even higher.
Quote: SOOPOOAlso, since there are places where the minimum is $25, and I think the extra work for you is minimal, why not do a calculation using $25 minimum as well?
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I hear it's tough to find a $25 table any longer. Besides, that is not very significant compared to the huge player advantage of the progressive.
Quote: WizardI would be interested to hear thoughts on where the Minor and Major tend to average at or where they reseed at. I think the Minor reseeds at $2,500, but could use a confirmation.
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I hear the Mini (royal flush) resets at $2,500 and the Major (five aces) resets at $10,000.
I have a photo taken today with the following jackpots:
Mini: "pending"
Major: $47,112
Mega: $6,396,823
Quote: WizardQuote: WizardI would be interested to hear thoughts on where the Minor and Major tend to average at or where they reseed at. I think the Minor reseeds at $2,500, but could use a confirmation.
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I hear the Mini (royal flush) resets at $2,500 and the Major (five aces) resets at $10,000.
I have a photo taken today with the following jackpots:
Mini: "pending"
Major: $47,112
Mega: $6,396,823
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You heard it here first. Jackpot hits at $7,777,777.77. I’m sure there won’t be any conspiracy theories…
Quote: JohnzimboVital Vegas says the prog got hit at Flamingo
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I hear the same thing from a private source.
. Rumor has it you took it in small bills? And when you filled out tax form you signed….. ‘George Santos?’Quote: ams288Lots of security was called in while it was paid out.
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Quote: SOOPOO. Rumor has it you took it in small bills? And when you filled out tax form you signed….. ‘George Santos?’Quote: ams288Lots of security was called in while it was paid out.
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I would be shocked if they took it in cash.
Security theater.Quote: ams288Lots of security was called in while it was paid out.
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Quote: WizardLet the record show it hit at $6,443,401. I wonder what he tipped. According to my tip formula for jackpots, the appropriate amount is $5,076, but I'd round down to an even 5K.
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If I hit that jackpot I would tip 1M.
Quote: NicksGamingStuffQuote: WizardLet the record show it hit at $6,443,401. I wonder what he tipped. According to my tip formula for jackpots, the appropriate amount is $5,076, but I'd round down to an even 5K.
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If I hit that jackpot I would tip 1M.
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Total Win: 6,443,401
Less Tax: -2,255,190 (est 35%)
Net Win: 4,188,210
And you're going to tip $1 Million?????
Quote: rsactuaryTotal Win: 6,443,401
Less Tax: -2,255,190 (est 35%)
Net Win: 4,188,210
And you're going to tip $1 Million?????
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I could see Nick doing that.
Quote: WizardLet the record show it hit at $6,443,401. I wonder what he tipped. According to my tip formula for jackpots, the appropriate amount is $5,076, but I'd round down to an even 5K.
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And when you tipped $5000 you would be bad mouthed for years by the dealers. If we assume 100 dealers that day each would get $50. You would be called very bad names. I have no idea how much I would tip or even if I would tip.
