I recently encountered a 'Lucky Joker' promotion at a casino. A joker is inserted into the shoe and if the joker is dealt to your box (at any point) you are instantly paid 1 to 1 on your initial bet. The joker is then replaced with a normal card, and you are allowed to continue playing your hand as normal. If the dealer receives the joker, nothing happens.
The game is 6 deck with roughly 75% penetration.
I can see that the effect of the rule will vary depending on how many boxes you play, how many other players there are, penetration etc.. But can anyone give a rough estimation of the effect of this rule on the house edge?
I can also see that the effect on house edge will increase for as long as the joker does not appear from the shoe (since the probability of it now appearing increases).
Any thoughts/calculations on this promotion would be much appreciated.
The game is 6 deck with roughly 75% penetration.
I can see that the effect of the rule will vary depending on how many boxes you play, how many other players there are, penetration etc.. But can anyone give a rough estimation of the effect of this rule on the house edge?
I can also see that the effect on house edge will increase for as long as the joker does not appear from the shoe (since the probability of it now appearing increases).
Any thoughts/calculations on this promotion would be much appreciated.