+EV Bad Beat Jackpot in poker

[alwayssplitaces]

At what point would a bad beat jackpot turn +EV? Assuming a dollar per pot rake for the jackpot, loser gets 50%, winner gets 25%, and the rest of the table splits the rest. The minimum losing hand is quad deuces and both hole cards must be used.

 

[moo321]

Figure out the odds of the jackpot being hit on a given hand. This is a guess, because people won't always call to the river with a draw (flopped straight flush vs. bottom pair which could double runner to quads). Then divide by the cut you get on average. Then remove the marginal tax rate.

 

[Sucker]

It depends upon several factors: Does the house take a rake from the jackpot drop? (In most houses, the answer is NO.) Is the casino in the U.S.; where the IRS steals a portion of your money, or is it in a CIVILIZED nation? It also depends upon YOUR skill. Disregarding the first two aforementioned issues; a very bad player - someone that plays every hand; will be playing at +EV right from the GET-GO (as far as the JACKPOT is concerned). This will be due to the fact that he will HIT the jackpot more often than a good player.

 

[Dyepaintball12]

Is the casino in the U.S.; where the IRS steals a portion of your money, or is it in a CIVILIZED nation?

Who needs roads anyways

 

[fubster]

Who needs roads anyways

We can all live in anarchocapitalist heaven, obviously!

Pretty much all online sites and some brick and mortar cardrooms charge an exorbitant "administrative fee" which is generally 10% of the total BBJ. That's pretty huge.

 

[aslan]

The bad beat at the Taj Mahal was up over $500,000 a week or so ago. I haven't heard that it was won yet.

 

[alwayssplitaces]

In addition to greater EV from the bad beat jackpot drop, the fish flock to the highest bad beat jackpot. And there are things you do to increase your chance of hitting it, such as slowplaying quads till the river in hopes of someone else getting quads too so that you don't cause them to fold.

 

[FLASH1296]

NOT an April Fool's Tale.


In Jan. the Bad Beat Jackpot at Caesars A.C. paid approx. 550 K
In Feb. it was hit again for something around 350 K I do believe.

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Several years ago …

My spouse won a Bad Beat Jackpot when her Quads fell to a straight flush.

She was a real rookie player then; and the following day was her birthday.

The Good News was that it was in a reservation casino. No tax forms.

The Bad News was that her end was a paltry 24.85 K. … :eyepatch:

She had never seen a big pile of 'benjamins' before.

What a lovely radiant sh*t-eating grin she wore.

 

[Thunder]

The bad beat at the Taj Mahal was up over $500,000 a week or so ago. I haven't heard that it was won yet.

Hmmm I might need to pay them a visit. A few months ago I had quad 10's vs a player's trip 6's with the river card left to go. That's probably as close as I'll ever get.

 

[alwayssplitaces]

Hmmm I might need to pay them a visit. A few months ago I had quad 10's vs a player's trip 6's with the river card left to go. That's probably as close as I'll ever get.

In that case if I had quad 10s, I'd offer to pay the player with trip 6's the chips I'd win from him when he calls my bet on the turn, just to see the river. A 1/44 chance at the bad beat jackpot is too hard to resist. I'm sure the player with trips would agree. In fact, it's +EV for the player with trips to call any bet on the turn less than 1/88 of the size of the jackpot since they're drawing to the 1 out that'll trigger the jackpot.

 

[Sucker]

In that case if I had quad 10s, I'd offer to pay the player with trip 6's the chips I'd win from him when he calls my bet on the turn, just to see the river. A 1/44 chance at the bad beat jackpot is too hard to resist. I'm sure the player with trips would agree. In fact, it's +EV for the player with trips to call any bet on the turn less than 1/88 of the size of the jackpot since they're drawing to the 1 out that'll trigger the jackpot.

In many if not MOST houses, just DISCUSSING the BB jackpot while in a hand VOIDS the jackpot. But anyway; who in the world would actually FOLD a full house on the turn? If you're THAT worried that someone would be dumb enough to do so, why not just check? (he's probably going to bet his full house anyway)

 

[FLASH1296]

Heads Up dude !!

ANY mention of that is seen as a type of collusion by the casino. I kid you not!

If you utter the word "Bad Beat" during the play of a hand, the Jackpot is Null and Void.

Remember that.

I recently had to SILENTLY check down my Royal Flush draw as there was a chance of my winning a Bad Beat jackpot.

 

[fubster]

Is that specific to vegas? That certainly isn't the case in any cardroom I've ever played in.

Although for some reason, if you have a rack on the table, the table isn't BBJ eligible.

 

[FLASH1296]

I have witnessed that in L.V. and in Florida, but most states I have not played or the situation never came up at my table.

 

[fubster]

No dealer I have ever played with in Florida has ever even considered enforcing that rule.

 

[FLASH1296]

I played a good deal of poker at the Seminole Hollywood Hard Rock before
their BJ transmogrified to H17. Actually, even before they had blackjack at all.

My wife won a nice little B B Jackpot there, and quietly freaked out as someone
began to mention that there was a possibility of a B B J. It is NOT the dealers
who will enforce the rule, but the Floor Person will. The dealers always get
ginormous tokes from the entire table. In my wife's case the dealer collected
about $2,000 (from a $49,800 BBJ) — and poker dealers "keep their own"