Quote:
Originally Posted by Polsk23
Basically i was wondering how bad your winrate could be and still be +EV to play.
Well, that still depends on the size of the jackpot, you just offset your cost to play by any positive winrate you have. The jackpot will have to be huge for that part to be +EV alone.
Wizard of Odds puts the chance for someone to lose with AAATT at a 10-player table as 0.00002383 or about 42K to 1, if nobody ever folds. To be more realistic with folding, let's just quadruple that to 168K to 1, and then for it to be you we multiple by 10. So your BBJP cost to play 1680K hands in this game, assuming you play 8 hours a day at 30 hands/hr, is 7000 days times $21 per day, or $140,000.
So you need about $140,000 in the jackpot for the cost to be +EV.
Oops, double that again since the loser only gets 50%. So $280,000.
Last edited by spadebidder; 11-12-2011 at 04:32 PM.