@RandomPoker: Vegas grinders look for new promos to pad their EV
All Caesars poker rooms across Nevada launched the Mega Beat Progressive Poker Jackpot earlier this month. It started with $200k to be paid out if some luckbox got his quad aces cracked. For every $100k more dumped into the drop, the qualifying hand also drops. So at $300k, all you need to lose with is with quad kings, at $400k quad queens …
I tried to hit it last week — flopped quad bullets at Planet Hollywood with two fish betting into me — but couldn’t lose to win.
After I relayed the story to a math-minded pro friend who told me that, because of the board, there was no possible hand that could have beat me and I should have raised at some point prior to the river.
Meanwhile, Yahoo Answers told me the odds of losing with a hand as weak as quad eights (see: $800k on the Mega Beat scale) are “not good.”
But for this new Caesars Megabeat Jackpot, it doesn’t have to be you: 20 percent of the jackpot goes to the player with the losing hand, and 10 percent to the player with the winning hand; But 70 percent is distributed to players at all Caesars properties in the state. Because of this promo, they’re not offering high hand bonuses. Which means I was a few days late for being good enough to actually win with quads. Is that a bad beat?
For most of last year, poker players in Las Vegas could find at least one place to earn something of an hourly wage on top of the chips they collected at the table. But that trend has all but vanished in 2013. Poker rooms have essentially stopped encouraging grinders to fold all day long.
When bad luck and bad results go hand in hand
I had plans for my first post of 2012 to write about my new year’s resolution, which was to find more purpose in what I’m doing for a living … quite the challenge when your work day consists of picking out tourists to relieve of their vacation cash so you can pay your bills for another month.
Crushed, beaten, annihilated, squelched, wrecked … you feel helpless and empty and start questioning what you’re doing with your life and why you’re wasting so much money.
A new year is supposed to be a time when everyone is feeling the most hopeful and positive and have the brightest outlook on what the next 12 months may hold. I try to put a positive spin on everything and especially the things I write on twitter and in this blog with an audience in mind. I’m sure there are some people who take joy in other people’s down times because it makes them feel better about their own situation. But I just think it’s a better EV play to try and inspire people rather than give them something to wallow in.
I wish I could follow my own advice, but today I don’t see how.
The TI Poker Room will be hosting a tournament to give away a seat in the $10,000 World Series of Poker Main Event.Â To qualify players must log as few as 20 hours of live play in the TI Poker Room (play must be in jackpot dropped games and you must be logged in with your Treasure Island Players Card).Â Qualifying period for the tournament starts at 12:01AM on Monday, May 25th and ends at 11:59PM on Sunday, June 28th. Tournament date TBD.
Players who qualify with 20 hours of play will receive 2,000 tournament chips and will earn 1,000 in extra tournament chips for each additional 10 hours of qualifying play.Â Another 5,000 in tournament chips is available for a $50 Staff Appreciation Fee on the day of the tournament.Â For more info contact the TI Poker Room at (702) 894-7291.
Treasure Island Las Vegas
3300 S. Las Vegas Blvd.,
Las Vegas, Nevada 89109