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Old 11-16-2007, 02:26 PM
bav bav is offline
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Join Date: Nov 2005
Location: Vegas
Posts: 2,857
Default Re: Bad Beat Jackpots = Zero Sum?

BBJ is highly +EV if you only play in the room when the jackpot is very large. It is highly -EV if you're a room regular who plays day after day regardless of the jackpot. Sure, overall the BBJ is neutral if they don't take a rake. But for a specific player it may be -EV or +EV.

It's like buying lottery tickets when the jackpot is $5M vs $300M. One is ST00P1D beyond compare, and the other just not too smart.

I hate BBJ's. Don't mind the high hands long as the room returns 100% of the money in the form of the high-hand payouts. Alas, most do not--they take a high hand rake and only return some fraction in the form of payouts for high hands, and then use the rest to do various special promos that only special people qualify for (like most of the Vegas freeroll tourneys--they're funded from the HHJ rake, but only people who put in 40 hours/month get a crack at it and the rest of us are paying for it).
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