Jackpot S'n'G
Posted: Thu May 06, 2010 11:47 pm
Hello.
I have noticed that here on the i-poker network there exists a phenomenon known as the jackpot sit and go.
Let me explain if you are unaware.
It's a standard 6/10 player stt with top three places paid.
Here is the twist though. If you can win 5* consecutive 1st places in a row, you are paid a jackpot.
I am currently in a 10 player, $5 tournament that pays $71,000 for five consecutive 1st places and also $200 for 5*consecutive top two places.
I've just got aces actually, could be like a Bucks Bunny showing red, might be due the $71,000 hold on......under the gun........5/10, flat called, raised to 65 (1000 stacks start, I was just under) by mid position, I reraise to 180, called. Comes Ks, 8s, 3c. I've bet out 200, they folded.
Now it's a 20% buy in fee as a pose to 10%, so I've had to pay one dollar as a pose to 50 cents for the mathematically challenged amongst you.
That sounded patronising. Sorry.
Anyhow, here I am with my 1,115 stack now, BANG on course for that $71,000 big board.
I'm still thinking.
Essentially each player pays 50 cents, sticking with this example, for the potential of a jackpot win. That is $5 extra they (Hills) get per game.
If everyone were of equal ability and thereby making it THE LEAST likely field in which a jackpot could be won, then the odds of paying out a jackpot to one of those players is 10*10*10*10*10-1 or 100,000 to 1, so you'll pay $500,000 per jackpot win.
Queens now, under gun again, all folded to my preflop *3BB raise.
AK in BB next hand!!! Hold on.
Short stack in with TJ, my AK holds up for an 890 pot.
AQ now, hmmmmm. Going to flat call in SB, diamonds on board k8q. Fourth diamond with acem betting for value......., massive raise, I have to fold. Stack at 1400.
Back on topic, we know that real poker doesn't work like that. Also I'm not sure my logic is correct.
Every game will generate a winner. The odds on that winner going on to make 4 more wins is 10,000-1, or $50,000 in extra rake plus the initial $5 rake from first game.
That means over 100% payout surely?
Even if it is the first scenario, surely this is so open to mass collusions, or fish vs one very good player scenarios, greatly redusing the odds.
My question is, how can they afford to offer something like this?
That $71,000 may well be progressive I grant you. Probably starts a lot lower, however surely collusion is a big buzzword here. A syndicate of 10+mates all at different addresses etc ect
Any ideas? Clues? Emptiers?
Is it rigged even to 'block' the jackpot when it's not ready to pay. Is there a super cold deck that comes into play on your fifth game. Doctored boards hmmm?
All input greatfully received.
I have noticed that here on the i-poker network there exists a phenomenon known as the jackpot sit and go.
Let me explain if you are unaware.
It's a standard 6/10 player stt with top three places paid.
Here is the twist though. If you can win 5* consecutive 1st places in a row, you are paid a jackpot.
I am currently in a 10 player, $5 tournament that pays $71,000 for five consecutive 1st places and also $200 for 5*consecutive top two places.
I've just got aces actually, could be like a Bucks Bunny showing red, might be due the $71,000 hold on......under the gun........5/10, flat called, raised to 65 (1000 stacks start, I was just under) by mid position, I reraise to 180, called. Comes Ks, 8s, 3c. I've bet out 200, they folded.
Now it's a 20% buy in fee as a pose to 10%, so I've had to pay one dollar as a pose to 50 cents for the mathematically challenged amongst you.
That sounded patronising. Sorry.
Anyhow, here I am with my 1,115 stack now, BANG on course for that $71,000 big board.
I'm still thinking.
Essentially each player pays 50 cents, sticking with this example, for the potential of a jackpot win. That is $5 extra they (Hills) get per game.
If everyone were of equal ability and thereby making it THE LEAST likely field in which a jackpot could be won, then the odds of paying out a jackpot to one of those players is 10*10*10*10*10-1 or 100,000 to 1, so you'll pay $500,000 per jackpot win.
Queens now, under gun again, all folded to my preflop *3BB raise.
AK in BB next hand!!! Hold on.
Short stack in with TJ, my AK holds up for an 890 pot.
AQ now, hmmmmm. Going to flat call in SB, diamonds on board k8q. Fourth diamond with acem betting for value......., massive raise, I have to fold. Stack at 1400.
Back on topic, we know that real poker doesn't work like that. Also I'm not sure my logic is correct.
Every game will generate a winner. The odds on that winner going on to make 4 more wins is 10,000-1, or $50,000 in extra rake plus the initial $5 rake from first game.
That means over 100% payout surely?
Even if it is the first scenario, surely this is so open to mass collusions, or fish vs one very good player scenarios, greatly redusing the odds.
My question is, how can they afford to offer something like this?
That $71,000 may well be progressive I grant you. Probably starts a lot lower, however surely collusion is a big buzzword here. A syndicate of 10+mates all at different addresses etc ect
Any ideas? Clues? Emptiers?
Is it rigged even to 'block' the jackpot when it's not ready to pay. Is there a super cold deck that comes into play on your fifth game. Doctored boards hmmm?
All input greatfully received.