50,000 dollar max payout UTH

The Ultimate Texas Hold'em tables generally have a listed $50,000 maximum payout. I have always wondered how exactly that works.

I assume it is $50,000 max per round dealt and not per player. If everyone is playing black chips and a Royal Flush comes up on the board then the casino would cap their exposure to a black swan payout in the 100s of thousands.

But if that is the case, then how is the money awarded?

Is the money paid out by percentage to every player based on how much they would have won? (which might require a bit of math on the fly.)

Is the money paid out to the smallest bets first to cover the little guys and then the person who pushed it over $50,000 with a big bet gets paid last?

I just don't know what would be fair. If someone is betting max and hits giant hands who gets cut off? Or is it really $50,000 per player? and a Royal on board could cost the casino a couple hundred thousand ($50K times 6 players max betting)?

Also, do the games in Vegas and California have max payouts on all the games? Or is it just games like UTH with the community cards? Is a cap on payouts the standard? And again is that for an individual hand or for all hands on a specific round?

Quote: rsactuary

https://wizardofvegas.com/forum/gambling/tables/11891-max-aggregate-payout/
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I saw this in that thread:

Quote:

"Sir, this is a $25 minimum table, but look at our Royal Flush. It pays 1,000:1."
then fine print says max payout is $10,000.

The Nevada Gaming Regulations require that the aggregate cover the full odds at the minimum bet.

Royal on board will push the main bets and only pay trips at 50-1.
an trips max bet of $150 will let 6 players stay under that 50K max.

That does make sense.
The blind bet (the larger of the bonus payouts) would never get paid in that situation. I never thought about that.
Thanks!

Quote: rsactuary

/forum/gambling/tables/11891-max-aggregate-payout/
link to original post

I figured this had to be somewhere in the archive.
But I had no idea where to look.

Thanks so much!

For further reading, I wrote an article for LCB about Maximum Aggregate Payouts:

https://lcb.org/news/editorials/straight-up-attempted-casino-fraud

Which involved an interview with a poster from here who had a land casino attempt to bilk him. Specifically, the casino did not have signage on the table disclosing the Max Agg., but the article later addresses them more generally and gives an example of the EV implications they could have.

For Fortune Pai Gow Poker: I made a chart a month ago about how I would try to win 5 card Royals as my highest hand ever after hearing Victor of Slot Lady Channel fame talk about his highest hand being a Royal Flush that paid $15K and he won it more than once, so he was betting the $100 max on the Fortune bet. Other casinos may have higher or lower maximums for this bet but it's guaranteed they all have either a $50K or a $75K max payout. Betting high is a way to get a 5-figure payout without the tax forms if you don't hit 5 Aces or higher.
Other casinos only pay 5,000 to 1 for the top hand instead of 8,000 to 1, so that's variable, but I chose 5,000 to 1 for my chart.
I'd make my Fortune bet equal to 20% of my regular bet, so if I was betting $100 on the Fortune bet, I'd be betting $500 on the regular bet.
If the casinos could please stop with the max payout and give me my $500K or $800K for hitting the top hand at $100 on the Fortune bet, that'd be nice.
You don't really notice the increased HA until you get shorted on a high paying hand, and also that the HA ate up more of your money at higher bet levels anyway.
I suppose the casino could just give me a check for the winnings on 5 Aces or better rather than give me chips, but they may refuse to pay off my regular bet because I've already been paid $50K.

Washington state's rules regarding aggregates require the following:

- The aggregate must be enough to cover at least the top payout on a min bet, as well as 50:1 on a max bet.

- An aggregate may not be applied to any wager that doesn't have at least a 50:1 payout.

- Although the aggregate applies to the whole table, each wager must have its own aggregate. For example, on UTH, a $50,000 aggregate would be in place for all the Blind wagers, and a separate $50,000 aggregate would be in place for all the Trips wagers. Ante and Play will never be part of any aggregate because they pay 1:1.

Quote: Deucekies

Washington state's rules regarding aggregates require the following:

- The aggregate must be enough to cover at least the top payout on a min bet, as well as 50:1 on a max bet.

- An aggregate may not be applied to any wager that doesn't have at least a 50:1 payout.

- Although the aggregate applies to the whole table, each wager must have its own aggregate. For example, on UTH, a $50,000 aggregate would be in place for all the Blind wagers, and a separate $50,000 aggregate would be in place for all the Trips wagers. Ante and Play will never be part of any aggregate because they pay 1:1.
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Well, that's definitely interesting. The prohibition against a max payout that is lower than the payout that a minimum bet would hit seems downright sane.

But I had never even considered the idea of every individual bonus bet having its own max payout. So the maximum payout on a UTH table would seem to be $100,000 then (trips and blind bets each at 50K).

Interesting.

My local casino has $15-$500 table limits for MS Stud and they also have a $1 progressive bet that pays more than $50K for a Royal. There is no aggregate payout limit on the $1 progressive, but there is a $50K aggregate limit on the regular bets. So somebody could bet $500 X 10 = $5K total bet then hit a Full House that pays 10X and get the $50K max payout as long as nobody else won anything, maybe play at an empty table.

Sometimes the table limit gets lowered to $10 and that would pay up to $50K for a Royal ($10 X 10 X 500 = $50K).

A straight flush pays 100 to 1 so there will be no tax forms for winning that as long as you don't play the progressive which would pay 10% of the jackpot which would be well over 300X the $1 bet and over $600. Might want to make your max bet of $50 X 10 = $500 that pays $50K for a straight flush if bet at the max, but how often do those even hit?

I'd play for the quads which pays 40 to 1 and at $125 X 10 = $1250 total bet X 40 = $50K payout. Now if payouts for quads are not counted for aggregate payout limits because they are less than 50 to 1 payouts, then you can bet much higher and get paid more than $50K. With a $500 ante bet X 10 = $5K total bet and winning 40X on quads, the payout would be $200K, and no tax forms. But will the pit backtrack when you win? Better have the Gaming Commission on speed dial and they may not be open at 3AM.

Thanks for the link to the article.
Very interesting.
I can't believe the casino would be so ballsy as to plop a max payout sign onto the table AFTER an 80K hand was hit.
Bold play.

Quote: BukWildSuperFly

Thanks for the link to the article.
Very interesting.
I can't believe the casino would be so ballsy as to plop a max payout sign onto the table AFTER an 80K hand was hit.
Bold play.
link to original post

You're quite welcome.

There was a time that I'd have agreed with you, but doing this long enough, I don't think there's anything that a casino could possibly do that would ever truly surprise me.

Quote: BukWildSuperFly

Thanks for the link to the article.
Very interesting.
I can't believe the casino would be so ballsy as to plop a max payout sign onto the table AFTER an 80K hand was hit.
Bold play.
link to original post

That was clearly a CYA (cover your behind) move. That placard was probably supposed to be on the table and someone forgot to put it out.

Quote: DRich

Quote: BukWildSuperFly

Thanks for the link to the article.
Very interesting.
I can't believe the casino would be so ballsy as to plop a max payout sign onto the table AFTER an 80K hand was hit.
Bold play.
link to original post

That was clearly a CYA (cover your behind) move. That placard was probably supposed to be on the table and someone forgot to put it out.
link to original post

Evidently, they forgot to put one on ALL of the tables and still ended up one short.