Thursday, May 22, 2014

Pai Gow Overlay on Giant $500,000 Progressive


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A lot of poker players know what an overlay is - when a poker tournament guarantees a undeniable payout for winners and that payout is greater than the full buy-in from all players (imagine $1,000 in prize money and 10 players pay $50 to play - making a $500 overlay). Occasionally a progressive jackpot on a table game also gets high enough to really offer an overlay, and this happened regularly when Caribbean Stud was more popular. Now only some weeks back there have been three jackpots at Pai Gow Poker that were overlays: one in Las Vegas, and two in Arizona. If I HAVE the jackpot payout information correct, whilst you play Pai Gow and are playing the $1 progressive bet, the jackpot must be roughly $250,00 to be an even-money proposition.

Of course the chances of hitting it are slim, but gamblers love an overlay. On the Cannery in Vegas the jackpot grew to nearly $400,000. On the Talking Stick Resort and linked Casino Arizona, the jackpot grew to nearly $300,00 before a lucky player hit big. Now, the linked jackpot at Gila River casinos (Wild Horse Pass, Vee Quiva and Lone Butte) is over $500,000 - the top Pai Gow progressive I WILL BE ABLE TO remember.

On the Pai Gow progressive, winning the massive bucks comes for any 7-card straight flush, using the joker or not. For the reason that jackpot return is 2.21% for each $10,000 offered, the present possible payout at Gila River (today: $543,277) is 54.3 x 2.21% and my math says playing the progressive is now a 120% return in your money. OMG!

Keep in mind that the percentages are more or less way out there, but how often does a casino bet offer an overlay? This is not an easy grind just like the Paroli roulette system where you're looking to win a unit or two each string, this can be a rare-hitting chance to attain big. Simply so you already know the percentages here, read on.

There are 32 how you can make a natural 7-card straight flush and 196 how you can make a 7-card straight flush with a joker. That suggests there are 228 how one can win the biggie out of the 154,143,080 possible combinations with 52 cards and a joker. If I HAVE this straight, you have got one chance in 676,066. For a comparison, that's about 15x tougher than hitting a video poker royal flush. Ever hit a royal? Yeah? What did you win for a buck (maybe $1.25 on 1 / 4 machine), $1,000? Yup, that jackpot is 54x more to your money presently! Interesting.


Read More... [Source: About.com Casino Gambling]
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