Posted Mon Nov 20, 2006 8:43 am GMT by Dave B
Does anyone know the odds of a royal flush at Caribbean stud? Is it just 5 cards so you need to hit it perfectly?
I would never play it, but just curious. The CS jackpot at Canterbury is over $100K. At some point it might make mathmatical sense.
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Posted Mon Nov 20, 2006 10:18 am GMT by Sean_in_NJ
Dealer has to qualify too, in the games I've seen. Aside from that, the odds against a royal are about 650,000:1 or something like that.
Posted Mon Nov 20, 2006 10:52 am GMT by cayouche
Dealer doesn't need to qualify for the Jackpot. He only needs to qualify for the 100 to 1 you get from your bet(raise).
But yeah, you need to hit it perfect. I had a couple of flushes so far, but that's it. One night though, some Asian guy hit a straight flush for 10% of the jackpot, which was still $90K, so he got $9K, plus 50 to 1, and a bottle of Champagne... just the table next to mine...  
Posted Mon Nov 20, 2006 10:52 am GMT by Dave B
Caribbean Stud Progressive Jackpot
Each player can make an optional bet to be eligible for all or part of the progressive jackpot.
Progressive jackpots wins are paid regardless of who wins the hand.
Jackpot payouts:
Flush- $50
Full house- $100
Four of a kind- $500
Straight Flush- 10%
Royal Flush- 100%
Add in $10k for a straight flush and $1 to play, maybe it is getting close to worthwhile then.
Posted Mon Nov 20, 2006 10:55 am GMT by cayouche
Yeah exactly. Always put that $1 in. The day you hit a boat or higher, you'll kick yourself for not puting it in.
Posted Mon Nov 20, 2006 11:09 am GMT by Sean_in_NJ
| cayouche wrote: | | Yeah exactly. Always put that $1 in. The day you hit a boat or higher, you'll kick yourself for not puting it in. |
It's a sucker bet.
Posted Mon Nov 20, 2006 11:56 am GMT by cayouche
I know.
Posted Mon Nov 20, 2006 2:29 pm GMT by groton
| Sean_in_NJ wrote: | | cayouche wrote: | | Yeah exactly. Always put that $1 in. The day you hit a boat or higher, you'll kick yourself for not puting it in. |
It's a sucker bet. |
Iv dont know sean iv hit a couple Boats and Quads so i feel its no sucker bet.
thoe Foxwoods pays 500 for a boat and 1000 for Quads.
but there Jackpot is also normoly around 400k
Posted Tue Nov 21, 2006 12:15 pm GMT by Gogie
| groton wrote: | | Sean_in_NJ wrote: | | cayouche wrote: | | Yeah exactly. Always put that $1 in. The day you hit a boat or higher, you'll kick yourself for not puting it in. |
It's a sucker bet. |
Iv dont know sean iv hit a couple Boats and Quads so i feel its no sucker bet.
thoe Foxwoods pays 500 for a boat and 1000 for Quads.
but there Jackpot is also normoly around 400k |
Do the math - it's a true sucker bet except in extreme cases where the jackpot for the Royal gets to an astronomical amount. Then the expected value might be marginally positive. This quote comes from the Wizard of Odds site:
| Quote: | Progressive Jackpot Side Bet
In Caribbean Stud Poker the player has the choice to make a side bet of $1 which pays for hands of a flush or better. The specific payoff tables vary from place to place but always feature a progressive jackpot, paying 100% of the jackpot meter for a royal flush and 10% for a straight flush. In the very unlikely event that two players had a royal flush in the same hand the first one to the dealer's right would win the jackpot and the second would win whatever the jackpot is reseeded to, usually $10,000. The reason for this is the dealer pays players from right to left. In the event that two players received a straight flush at the same time, the first one to the dealer's right would get 10% of the meter and the second would get 10% of what was left after the first player was paid. I have heard (but can not confirm) that once in the same hand one player got a royal flush and another player got a straight flush. The player with the royal was closer to the dealer's right and thus got the full jackpot amount. The meter was then reseeded to $10,000 and the player with the straight flush got only 10% or that, or $1,000.
While the expected return varies depending on the size of the jackpot, it is a sucker bet the vast majority of time. The average house edge is 26.46%.
A manager at Casino Niagara kindly explained how the jackpot meter works. For every dollar bet, 71 cents goes into the jackpot and the casino keeps the other 29 cents. This rate of contribution can vary from place to place. All payoffs are paid right out of the meter. Every time somebody hits a royal flush the house contributes $10,000 (called the seed) to the next jackpot. The house edge is just under the cut per bet because the casino puts up the initial seed to start a new jackpot after somebody wins the previous one. At the Casino Niagara the house can expect to recieve 18.84 times as much money from the 29% cut as it pays to seed new jackpots. |
Posted Tue Nov 21, 2006 12:33 pm GMT by raisebot
not at all sure if this is right or not, but a quick google search says the odds of a royal in Caribbean stud are 649740 to 1
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