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Old 11-16-2007, 01:18 PM
crashjr crashjr is offline
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Join Date: Apr 2006
Location: The Track
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Default Re: Bad Beat Jackpots = Zero Sum?

[ QUOTE ]
I semi-understand your view that BBJ is +EV becuase it is not raked, but how can you consider it +EV when you can not guarentee that *you* will get back every $1 you put in?

Even if the state lottery didn't take a rake, the EV would be negative becuase the odds of hitting it are so high you wouldnt win.

[/ QUOTE ]

What?? This doesn't make any sense. Just because the chance of realizing the value is small does not mean that the act itself has a negative expected value. No rake lotteries are EV neutral.

If I recall correctly, which I may or may not, California licensed card rooms do not take a vig from the BBJ, although the Indian casinos might.
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