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Old 11-16-2007, 04:27 PM
sternroolz sternroolz is offline
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Join Date: Aug 2004
Posts: 1,839
Default Re: Bad Beat Jackpots = Zero Sum?

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I have heard that a lot of casinos keep a lot of the jackpot money for themselves. Someone told me the Commerce pays out less than half.

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Commerce is a wierd one. By law, they cannot keep half. So thats not what is going on . While I do not have any first hand knowledge, I do know how to figure out what makes logical sense.

Ten years ago, Commerce used to regularly get 20+ $6-12 LHE games going. The jackpot on that game was phenomenal....and only required Aces full beaten by four of a kind. The jackpot regularly would reach $50K and even 100K sometimes. The house did not add any money, and there were no double jackpots or other promotions.

Now, the jackpots for the $9-18 rarely reach even $15K. But Commerce has that crappy twice a day 100K jackpot that is nearly impossible to hit.

My very strong suspicion is that Commerce holds back a significant amount of money to fund any lucky streak on those 100K jackpots. Either that, or they pay a hefty insurance in case there is a lucky streak on those. I'd be very interested to see an accounting of what Commerce does with their jackpot money and what administrative fees are involved.
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