Consider bad beat jackpot as pot odds?
I've noticed a lot of sites have bad beat jackpots which not only pay the person who received the bad beat and gave the bad beat, but also often pay each of the other members at the table. (The one at ACR is a little over $183,000 right now.)
Anyways, I was just curious if anyone has played a hand before based upon the probability they might hit the bad beat jackpot. I'm sort of having a hard time coming up with an example of what I'm getting at, but let me try. Let's say the minimum requirements for a bad beat jackpot is 4 of kind 6s or better.
Let's say you're holding 9-9 and the flop is J-J-J. The pot is building some pretty good size, and then it's your turn to call and you make a strong raise. A couple fold, and then the big blind calls and the others fold. The turn comes and it's a 9. The big blind goes all in.
The pot itself is pretty large, but there's a very good chance you could be going up against quad jacks, which easily stomps your full house. Matching his all-in would be very costly if you were wrong and if by the grace of god you hit a 9 you still wouldn't beat his quad J with quad 9; however, the bad beat jackpot is absolutely ridiculously huge - so in this scenario, should that be considered into the pot odds
We often use pot odds
to determine if drawing to a flush is worthwhile based upon the size of the pot and cost to see the next card, and while the chances are slim you're going to hit a quad, the cost to see if you can in relationship to the size of the bad beat jackpot is extremely small. You have a 1 in 46 chance of hitting your 9 (a little over 2%), but the bad beat jackpot is in the hundreds of thousands.