September 15th, 2010 at 12:49:31 PM
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Hey there. Big fan of Wizard of Odds and a journalist at the Fort Lauderdale Sun-Sentinel.
I'm writing about Royal Match 21 progressive jackpot feature, which just came to town. It pays if the player and the dealer both get K-Q suited.
The Wizard (he's capital letter in my book) offers this:
Six-Deck Progressive Royal Match — $10,000 Jackpot and No Other Players
Event Pays Combinations Probability Return
Crown Treasure $10,000 19,152.00 0.000008 0.082421
Royal Match $60 6,877,728.00 0.002960 0.177591
Straight Flush $10 82,762,560.00 0.035617 0.356171
Loser $0 2,234,014,380.00 0.961415 0.000000
Total 2,323,673,820.00 1.000000 0.616183
That means 19,152 times out of 2,323,673,820 it will hit.
Question: What probability is that? I keep doing it and get 8 out of 100,000 which goes to 1 out of every 12,500, which can't be right because jackpot starts at $10K. I know at least to ask you all.
Can someone please help? Thanks.
I'm writing about Royal Match 21 progressive jackpot feature, which just came to town. It pays if the player and the dealer both get K-Q suited.
The Wizard (he's capital letter in my book) offers this:
Six-Deck Progressive Royal Match — $10,000 Jackpot and No Other Players
Event Pays Combinations Probability Return
Crown Treasure $10,000 19,152.00 0.000008 0.082421
Royal Match $60 6,877,728.00 0.002960 0.177591
Straight Flush $10 82,762,560.00 0.035617 0.356171
Loser $0 2,234,014,380.00 0.961415 0.000000
Total 2,323,673,820.00 1.000000 0.616183
That means 19,152 times out of 2,323,673,820 it will hit.
Question: What probability is that? I keep doing it and get 8 out of 100,000 which goes to 1 out of every 12,500, which can't be right because jackpot starts at $10K. I know at least to ask you all.
Can someone please help? Thanks.
September 15th, 2010 at 1:09:38 PM
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Quote: NickSortal...That means 19,152 times out of 2,323,673,820 it will hit. Question: What probability is that? I keep doing it and get 8 out of 100,000 which goes to 1 out of every 12,500, which can't be right...
Actually 19,152 out 2,323,673,820 is 8 out of 1,000,000 (and not 8 out of 100,000.)
September 15th, 2010 at 3:42:01 PM
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that'll do it; and to think they all go to me here for math (actually, i'm not THAT bad)
thanks!
thanks!
September 15th, 2010 at 4:38:36 PM
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You slipped a digit.
I'll bet the reason is, is because you used a calculator, and couldn't easily review your work.
Next time, use Excel. You can display a LOT more than 8 digits with it....
I'll bet the reason is, is because you used a calculator, and couldn't easily review your work.
Next time, use Excel. You can display a LOT more than 8 digits with it....
I invented a few casino games. Info:
http://www.DaveMillerGaming.com/ —————————————————————————————————————
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
September 15th, 2010 at 5:27:46 PM
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As side bets go, it's not very good since it returns only 61.2% of the amount bet. Those are state lottery kinds of returns.