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Jackpot Poker! Jackpot Poker!

10-14-2015 , 03:58 PM
is it me or is nbody seeing the jackpot poker tables.
10-14-2015 , 04:00 PM
Just went down again for me.

Yes, can we petition for $5 and $20 jackpot SNG's?
10-14-2015 , 05:52 PM
Quote:
Originally Posted by idun215
is it me or is nbody seeing the jackpot poker tables.
Ironing out a few problems. They'll be back shortly.
10-14-2015 , 06:24 PM
They're back.
10-16-2015 , 09:06 AM
I'm trying to play the 40s, but can't reg for them. The 10s and 18s are working for me.
10-19-2015 , 02:38 PM
can't register the JPs, "register" button does nothing...
10-19-2015 , 02:44 PM
just 10nlh and 40nlh I think
10-22-2015 , 09:38 AM
Register button isn't working for jackpot's atm.

Is this the same problem or regular maintenance? If the latter, could we get a sched of when they'll be down?
10-23-2015 , 10:05 PM
So can someone give me a breakdown of Jackpot poker and how it works exactly? Was reading a thread about Stars' version of the same game and the question came up about how it works and how the prize pool is awarded. I'm used to normal sngs, mtt and cash games so something that takes so much luck involved in it's regular process is unappealling to me. Then there is the question of if someone doesn't hit timing/money ratio wise, where does the money go?



Please enlighten me as I'd like to hop in these games as I'm digging tourneys more and more of differening types but the question still begs, WTF is this game type about? I've seen no huge breakdown of the game like I have of other game types of the past. Maybe I missed it.....



I've seen no graphs of winning players, no breakdown on their long term sustainability, anything would be nice as I have no info to tell me this isn't some goofy casino game other then regs playing it.
10-23-2015 , 10:51 PM
strap pillows to your hands and go after the chips
10-24-2015 , 08:22 AM
Not like there's a different subforum with dedicated spin threads or anything.

Wait...
10-24-2015 , 09:22 AM
Easist explanation

Lottery style determines prizepool
Basically a 3 man hyper 1 winner
10-24-2015 , 09:39 AM
Variance-wise, a $10 jackpot is roughly equivalent to a 3-max hyper that gives the winner $20 in cash plus a $8.20 'ticket' to a 'lottery' with 100K hypothetical entrants, only one of whom wins $20K. The prizes in the 'lottery' equal the number of buy-ins given by the tier, minus two initial buy-ins, i.e. $40-$20=$20 or $60-$20=$40 or $80-$20=$60 etc.

It's only an approximation because it doesn't take into account deal-making and possibly one's slightly different winning probability in high multipliers (people play tighter there, hence are more exploitable).

Because the 'lottery' has a wider prize zone than a usual MTT (~29% of the 'entrants' - those who get and win a 4x+ multiplier), the risk of ruin isn't that high if you have a decent ITM in the hyper - you don't need to bink the lottery part that often to show an overall profit.

As a consequence, the BRM for $10 jackpots can be at least as loose as for soft kilofield $8 MTTs (I say 'soft' because the +EV you get in the hyper is decent relatively to the $8).

Or you can imagine that, instead of a lottery ticket, you get a $8.20 free spin on a slot. That answers your question about where the money goes. If you hit a streak of 2x's, the house wins the chunks of $8.20 that it would have to pay you as part of the prize in the hyper if it were non-jackpot. If you hit high multipliers more often than an average player, the house loses. And the house can afford to make those spins probabilistically independent because its assets are big enough to cover players' wins plus it collects some rake from the hyper as an insurance against the slot payout risk.

Last edited by coon74; 10-24-2015 at 10:06 AM.
10-24-2015 , 10:34 AM
Quote:
Originally Posted by uradoodooface
I've seen no graphs of winning players, no breakdown on their long term sustainability, anything would be nice as I have no info to tell me this isn't some goofy casino game other then regs playing it.
Now let me explain why a hybrid of a hyper-SnG and a slot makes sense.

The thing is that it's massively +EV for you to play an SnG against one or two casino gamblers instead of your average non-jackpot SnG opponents (bar a small %-age of 3-reg jackpot games that happen because the seating algorithm is blind and, unlike it used to be at Stars, not exploitable by third-party autoregistration software).

The problem is that the gamblers don't want to play a non-jackpot SnG because it awards zzzz 3 buy-ins to the winner.

So what's done to entice them to play poker is that a 3-man hyper SnG with quasi-random seating (preventing bumhunting, which recreationals increasingly hate) is attached to a slot machine that spits out a random prize pool. The gamblers adore the randomness, and, as Pokerstars Steve explained to me when Spin & Gos had just appeared at .es,

Quote:
Originally Posted by coon74
Actually, the inconvenience that the slotlike payout structure causes to many people can be removed by letting the winner decide post factum whether to take a fixed prize ($28.50 in our case) or to launch a breakeven spin (hence a 'more lucrative' option than just playing with a casino slot that has a house advantage).
Quote:
Originally Posted by PokerStars Steve
We are trying to grow the game of poker. Spin & Go and other similar formats have proven to be quite popular, bringing new players to the site and engaging existing players very effectively. (Sidenote: the format would not be anywhere as near engaging to recreational players with the modification that you suggest)
Recreationals are more likely to redeposit when the hype they experience about hitting a big multiplier lasts for the whole 5-10 minutes of their participation in the tourney, when the pots that fly back and forth have huge monetary value, as opposed to a hypothetical instant slot spin at the end.

The concession that regs have to make to get access to those gamblers' money is that the regs have to participate in the (roughly zero-EV) slot spin too, they can't take a deterministic prize. But the extra variance is a price small enough for the massive extra EV that stems from the increased softness of the opposition.

It has been proved by the two years of existence of jackpot-type SnGs (first at Winamax, then on iPoker, FTP, Stars) that regs are able to beat these games in the long run with decent ROIs (2-10%, also take into account the lightning speed of the tourneys skyrocketing the hourly) even if they don't hit big jackpots. Most of their EV, ironically, comes from the 2x-8x tourneys, those that are underestimated by recreationals, especially because some of the gamblers tend to get angry when they get a 2x and play maniacally.

The situation may differ on the WPN because it's reg-filled, but I'm still pretty sure the games are beatable here too if we include Elite Benefits, bonuses and Sit & Crush.

(P.S. Ironically, this is my milestone post #6666, quite a long one, haha.)

Last edited by coon74; 10-24-2015 at 10:47 AM. Reason: added passage about ROI
10-24-2015 , 11:42 AM
Quote:
Americas Cardroom is unveiling a new way for you to win with its Jackpot Poker. These are fast-paced, 3-max player, Hyper-Turbo Sit & Go tournaments with a starting stack of 500 chips and 3 minute levels.

Buy-in amounts are $2, $10 and $40. The randomly drawn tournament prize pool will award between 2 and 2,500 times the buy-in.
Read more at: www.americascardroom.eu/poker-customer-support/how-to-play-poker/software-game-features/jackpot-poker/


The dedicated 2+2 forum, including an official Spin and Go discussion thread:

forumserver.twoplustwo.com/185/heads-up-sng-spin-gos/


Quote:
Originally Posted by p2 dog, p2
strap pillows to your hands and go after the chips
Not gonna lie, I laughed a bit too hard at this.
10-25-2015 , 01:57 AM
I was grinding to get my bankroll up with the low limit tables but the jackpot poker games are easier, faster and more profitable. The $2 game is really easy and I don't have to grind as much. I've done the $10 a bit and it doesn't seem too hard but the $2 is better for swings and my bankroll. I'd like to hit 1k in bankroll before moving up.

I'm on the shark tank skin so I get 27% rakeback from the buyin and although it isn't much if you play a lot of them it adds up. The games are quick so you can easily play a couple hundred within the same time you would an entire session. I've gotten lucky today and hit two tables with 100x the buyin. That gives all 3 player an option to make a deal where the payout is higher for 2nd and 3rd but lower for 1st. Most of the games payout end up being 2x or 4x the buyin for me.

I'm mostly a recreational player after not playing online for 5+ years so take it for what it's worth. The only downside is at the $2 game there are donks who go all in first hand regardless of cards.
10-25-2015 , 02:30 AM
The way it works is by killing SNG traffic and thereby hurting the entire site. Genius no?
10-25-2015 , 10:42 AM
That sounds about right. Normally I like the 6 player sng but it's impossible to find a game. I only see the heads up one and not much action there. It's easy to build a bankroll so I'm not complaining.
10-25-2015 , 12:17 PM
Quote:
Originally Posted by rawrster
The upside is at the $2 game there are donks who go all in first hand regardless of cards.
Fixed your post.

Speaking of, loose-aggressive play (either your or opponents') essentially does not increase the variance/risk in a winner-take-all tourney (unlike in a cash game) because there's a prize pool that is fixed at the start and a fixed number of chips you can win/lose during the tourney (-500 or +1000 in the jackpot/hyper case, nothing in between or outside). So the only thing that matters is your expected ITM - make every +EV play and don't be scared when the opponents throw money at you

Welcome to 2+2
10-26-2015 , 07:45 PM
has anyone won big on the jackpots yet?
10-29-2015 , 10:43 AM
My AP's in my bonus que are not changing. Ive played about 45 $10 jackppots and still in the same spot. Does it take a while for them to update or should it be doing it in real time?
10-29-2015 , 10:46 AM
Quote:
Originally Posted by DONKEY_FISH
has anyone won big on the jackpots yet?
Yes.

Quote:
Originally Posted by timhardawyhatesu
My AP's in my bonus que are not changing. Ive played about 45 $10 jackppots and still in the same spot. Does it take a while for them to update or should it be doing it in real time?
I believe they update overnight.
11-02-2015 , 07:33 PM
How many snc points are awarded for each $10 JP game? Thanks
11-02-2015 , 07:34 PM
Quote:
Originally Posted by iDab
How many snc points are awarded for each $10 JP game? Thanks
0.75 points
11-02-2015 , 08:25 PM
Quote:
Originally Posted by Max Cut
0.75 points
TYVM

      
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