New pai gow poker side bet

I noticed yet another side bet in pai gow poker. This one is a linked progressive. I believe it is at all the Station and Fiesta properties. All I can vouch for is that I saw it at the Red Rock. The bet pays a progressive jackpot for a 7-card straight flush (natural or wild). For five aces the player wins 10% of the jackpot. Here is my return table for a hypothetical $100,000 jackpot. I forgot to write down the current jackpot, but if anyone knows the current meter, please let me know.

Hand	Pays	Combinations	Probability	Return
7-Card Straight Flush	100000	228	0.000001	0.147915
Five Aces	10000	1128	0.000007	0.073179
Royal Flush	500	26092	0.000169	0.084636
Straight Flush	100	184644	0.001198	0.119787
Four of a Kind	75	307472	0.001995	0.149604
Full House	4	4188528	0.027173	0.108692
Loser	0	149434988	0.969456	0.000000
Total		154143080	1.000000	0.683812

The return at any given time is 46.27%, plus 2.21% for every $10,000 in the meter. The break-even meter is $243,011.06.

Did you already add this to your odds site? Fortune Progressive V2
On that same page you mentioned a side bet called Pai Gow'd. There is a side bet with that same name, but the dealer is the one who must have a "pai gow", and the player's 5 card hand must beat the dealer's 5 card hand.
http://www.wsgc.wa.gov/docs/game_rules/fortune_pai_gow_poker.pd

Quote: miplet

Did you already add this to your odds site? Fortune Progressive V2

Thanks, I knew it felt familiar. Signage at the Red Rock make it sound like a new thing, but I guess not. I wish I could get all the time back I've spent analyzing the same bets twice.

In Colorado, we have that side bet as well, but there is no stipulation that the player must beat the dealer.

Two points:
1. these payouts are all on a for-1 basis - is that considered?
2. most casinos have envy payouts on this bet - are those considered?

I saw this bet at the Palms last week (we stayed there, so that was where I noticed it first). Their jackpot was at $57,000 for the 7 card straight flush. It was said that the meter goes up $0.28 for every dollar bet. The new bonus was installed in December, along with new card shufflers that knew the composition of every hand dealt. The dealer can use a display to determine how to set every hand according to the house way. The floor person claimed that he was told they could pull anyone off the street and they would have a new Pai Gow Poker dealer trained in 5 minutes. The meter started at $10K, and the 7 card straight flush hadn't been hit yet.

I saw the new bonus bet at several other casinos too, but the Palms jackpot was the highest. Others were in the teens or 20K levels, and the jackpot was different at each casino I visited. I played at a $10 table at the Palms last Thursday night (03/29). I avoided the new bonus bet. The best hands I got that night were a couple of full houses, so I came out ahead there! However one of the other players at the table was playing both this new bonus and the fortune bonus for $5. He hit a 5 card Royal flush; he ended up with $1,250 in bonus payouts. There were $50 envy bonuses paid to his buddies at the table on the regular fortune bonus only.

Quote: rdw4potus

Two points:
1. these payouts are all on a for-1 basis - is that considered?

Yes, and by all progressive systems distributors regardless of brands, very standard.

Quote: rdw4potus

2. most casinos have envy payouts on this bet - are those considered?

Envy payouts are only on the felt bonus bets that start the paytable at three of a kind or better. There's no envy for the progressive, just an incentive for YOU to be the winner by playing it.

The Stations PGP jackpot had an absolute rash of jackpot occurances recently.