Jackpot Math

G

gnarus

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Silver Level
Joined
Oct 8, 2012
Total posts
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Americas card room- jackpot- costs $2 to play. Super turbo 3 player games- pretty fun games. Claims 6% rake-

sharkscope records them as 1.88+.09 which doesn't even add up to $2.00

Prizes-

1 in 100,000 chance of $5000
5 in 100,000 chance of $400
10 in 100,000 chance of $200
100 in 100,000 chance of $40
500 in 100,000 chance of $16
7,500 in 100,000 chance of $12
21,366 in 100,000 chance of $8
70,518 in 100,000 chance of $4

Value .05 + .02 + .02 + .04 + .08 + .90 + .1.70928 + 2.82072 = 5.59

$6 total buyin = 41 cent rake- shouldn't they only be charging 36 cents?

Don't say it's insignificant because they could double the odds of the grand prize and then they would be charging the 6% rake they claim- right?

Or did I miss something?

Also- does anyone know of a calculator I can use to calculate my odds of winning the grand prize over x number of games? Every time that $5000 comes up on the table my heart jumps through my chest lol I tried to google it but the calculators I saw all gave errors when I put in 1/100,000.

I've played in over 200 games and had a couple shots at $12.00 but not the biggies so far.
 
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