[Karatitis]

Ok yes, that's interesting and I concur that your calculations are probably correct and that the Bad Beat Jackpots become +EV but....

...is it not an overlay on a low-probability event ? In other words, for the time you have to sit there and swing in a ring game with BBJ the ring game itself should still have a positive +EV for the effort to be worthwhile.

Otherwise, isn't this all really just an academic exercise for theoreticians?

For example, we have a lottery in Canada that's called 6-49, and you must get 6 numbers correct out of 49 numbers drawn to win the jackpot. Now, we all know that it's ~ 13 Million - 1 to win the jackpot, but if the jackpot sometimes rises to $16, even $20 Million I don't buy a ticket because I'm still risking $2 on a very improbable event.

Anyone shed any light on my analysis, or is this much different with the BBJ poker?

Thanks,

Karatitis
Toronto, Canada