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Old 12-23-2004, 01:27 PM
Paul2432 Paul2432 is offline
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Join Date: Jun 2003
Location: Bryn Mawr, PA USA
Posts: 374
Default Re: EV of PartyPoker bad beat jackpot?

I believe there is no easy way to calculate frequency for hitting the JP. The best way is to observe over time how often it hits.

Playing the JP is EV+ whenever:

JP > 0.5 x (ave number of hands between JPs) / 0.7

In the above equation 0.5 represents the JP drop and 0.7 represents the fraction of the JP actually awarded (20% to reseed and 10% adminstrative fee).

So if the JP hits every 200,000 hands, the JP needs to be greater than $142,000 to show a profit.

Paul
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