Party Bad Beat Jackpot: Absolute Crap?

[RydenStoompala]

Thought I would check out the rules on this popular beast. I am anxious to know the math when they pay out to quad 8's or better, set aside 30% of the jackpot, and...

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Every time the jackpot is hit, 70% of the jackpot amount will be distributed and 20% will be used as seed amount for the next jackpot. 10% will be retained by Party Poker as administrative fee.

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Holy vig, batman! Is it just me or is the mob running online poker? $8 grand plus on each payout for adding a junk gimic game to a site?

This is better than being legally able to sell tabacco!

[smartalecc5]

No one is forcing you to play them and they do actually becomes +EV after a certain size - so they're not THAT bad.

[theblitz]

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they do actually becomes +EV after a certain size

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I once asked that.
At what size does it become +EV to move over to the jackpot games?

[sthief09]

[ QUOTE ]
[ QUOTE ]
they do actually becomes +EV after a certain size

[/ QUOTE ]
I once asked that.
At what size does it become +EV to move over to the jackpot games?

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www.bonuswhores.com

[theblitz]

[ QUOTE ]
[ QUOTE ]
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they do actually becomes +EV after a certain size

[/ QUOTE ]
I once asked that.
At what size does it become +EV to move over to the jackpot games?

[/ QUOTE ]


www.bonuswhores.com

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[img]/images/graemlins/confused.gif[/img]

[sthief09]

[ QUOTE ]
[ QUOTE ]
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they do actually becomes +EV after a certain size

[/ QUOTE ]
I once asked that.
At what size does it become +EV to move over to the jackpot games?

[/ QUOTE ]


www.bonuswhores.com

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[img]/images/graemlins/confused.gif[/img]

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http://www.bonuswhores.com/party-poker.php

[RydenStoompala]

It's not a question of being forced to play. It's a question of +EV. I do not know the answer, which is why I made the post.

To a casual observer like myself, the 10% "admin" charge looks like a rediculously large vig for providing nearly nothing. I mean how hard is it to program these rooms? The house is getting a fantastic ride on the risk taken by the players. Given the probability of winning the jackpot, plus factoring in the normal rake that is also present, how does an operator justify the vig? Just because he can take it he does? OK. That is a good, legitimate answer.

[daryn]

in other news, casinos around the world offer games which, while popular to the casual gambler, actually feature a negative expectation value for the player.

[craig r]

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in other news, casinos around the world offer games which, while popular to the casual gambler, actually feature a negative expectation value for the player.

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Yeah, but is there really any proof of that? I would need some hard evidence before I believe this outlandish claim.

craig

[stone_7]

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in other news, casinos around the world offer games which, while popular to the casual gambler, actually feature a negative expectation value for the player.

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I thought Casinos were in business to give me money.