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Old 11-16-2007, 11:50 AM
Pot Odds RAC Pot Odds RAC is offline
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Join Date: Nov 2007
Posts: 71
Default Bad Beat Jackpots = Zero Sum?

Hello all. First time Long time...

Was sitting at a Live table the other day and we started talking about the Bad Beat Jackpot that hit the night before: over $90K

The Know-it-all Table General started pontificating (is a word like that going to get me flamed around here?) about how the BBJ was a bad deal. He'd been playing for 10 years 40 hours a day (curretly sitting @ a $1/$2 Table in Detroit) and he'd only cashed for $X thousand and probably paid $XX thousand in BBJ Rakes. So BBJ is a bad Deal... blah... blah... blah...

I said: "The BBJ is a zero sum game, the Casino isn't taking a rake from the those dollars, the players eventually get it all. It isn't like the lottery where the payout is -ev. BBJ is 0 ev. The only drain is time value of the money being held by the Casino"

Guy couldn't understand this principle and went back to his "BBJ is Bad for the Players" rant.

One of the other guys at the table said: "Hey, a $90K BBJ generates interest and action, this place was packed the past two weeks with people just trying to get lucky"

He was right, but those players were Uber tight just taking a chair playing for the BBJ.

Any thoughts?
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