Red Rock Casino Betting Odds
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Introduction
I noticed this variation of Bet the Set on April 19, 2013 at the Red Rock casino in Las Vegas. It was dealt from a six-deck game. The bet wins if the player has a pair for his initial two cards, more if they are suited. Unlike the normal Bet the Set, if the player has a pair he has a chance for big wins if the dealer also has a pair of the same rank.
If the player gets a colored four of a kind not only is he paid 250 to 1, but also wins a progressive jackpot. In addition, there are envy bonuses if another player gets a colored four of a kind. The minimum bet to qualify for the jackpot and envy bonuses is $1.
Rules
- The following analysis is based on six decks. I suppose any number could be used.
- If the four cards, consisting of the player's and dealer's initial two cards, consist of a colored four of a kind, then the player's wager shall win 250 to 1, plus the amount in the progressive jackpot.
- Otherwise, if the four cards, consisting of the player's and dealer's initial two cards, consist of a four of a kind of both red and black, then the player's wager shall pay 100 to 1.
- Otherwise, if the player's two cards form a suited pair, then the player's wager shall pay 20 to 1.
- Otherwise, if the player's two cards form a non-suited pair, then the player's wager shall pay 5 to 1.
- Otherwise, the player must have two cards of different ranks, which loses.
- If any player gets a colored four of a kind then every other player at the table who made the Bet the Set wager shall win an envy bonus of $50.
Rack card. Click on either image for a larger version.
Analysis
The following table shows the odds for a six-deck game, before considering the jackpot and envy bonuses. The lower right cell shows a house edge of 27.74%.
Bet the Set — Progressive — Six Decks
| Event | Pays | Combinations | Probability | Return |
|---|---|---|---|---|
| Colored four of a kind | 250 | 77,220 | 0.000033 | 0.008308 |
| Four of a kind | 100 | 751,608 | 0.000323 | 0.032346 |
| Suited pair | 20 | 37,177,920 | 0.016000 | 0.319993 |
| Pair | 5 | 133,840,512 | 0.057599 | 0.287993 |
| Loser | -1 | 2,151,826,560 | 0.926045 | -0.926045 |
| Total | 2,323,673,820 | 1.000000 | -0.277405 |
The following table shows the expected value per each $1,000 in the meter and each additional player by the bet amount. Remember that the progressive and envy bonuses are flat awards, thus the benefit is inversely proportional to bet size.
Value per $1000 in Meter and Additional Players
| Wager | Value per $1000 in Meter | Value per Additional Player |
|---|---|---|
| $1 | 3.323% | 0.166% |
| $5 | 0.665% | 0.033% |
| $10 | 0.332% | 0.017% |
| $25 | 0.133% | 0.007% |
The following table shows the expected value per each $1,000 in the meter and each additional player by the bet amount. Remember that the progressive and envy bonuses are flat awards, thus the benefit is inversely proportional to bet size.
Value per $1000 in Meter and Additional Players
| Wager | Breakeven Point |
|---|---|
| $1 | $8,347.58 |
| $5 | $41,737.88 |
| $10 | $83,475.76 |
| $25 | $208,689.39 |
When I saw this bet on April 20, 2013 the meter was at $7,817.44.
Written by: Michael Shackleford
Red rock casino had two jackpots over $200,000 today. One was a sequential royal for $278k and a keno slot jackpot for $200k.
I hope it was Alan that hit the royal. Probably that Rick Harrison (pawn stars) though. He plays in the high limit room at Red Rock a lot.
Administrator
Red rock casino had two jackpots over $200,000 today. One was a sequential royal for $278k and a keno slot jackpot for $200k.
Red Rock Casino Betting Odds For Today
Shoot. Which sequential royal jackpot hit, the one by Starbucks or the one by the buffet?
Administrator
Shoot. Which sequential royal jackpot hit, the one by Starbucks or the one by the buffet?
Never mind that question.
I doubt it was either of the VIDEO POKER OPPORTUNITY WITH 105% RETURN reversible royal games with a 105%+ return, as those jackpots were much less when last I checked (40K and 74K).
I take issue with the title of this thread and ask if I may change it to something like 'Red Rock pays two 200K+ jackpots in one day.' Saying they are giving away money implies they took a loss on those games, which I'm quite sure they didn't.
Red rock casino had two jackpots over $200,000 today. One was a sequential royal for $278k and a keno slot jackpot for $200k.
I hope it was Alan that hit the royal. Probably that Rick Harrison (pawn stars) though. He plays in the high limit room at Red Rock a lot.
He claimed he doesn’t gamble. Now he plays high limit slots??
Never mind that question.
I doubt it was either of the VIDEO POKER OPPORTUNITY WITH 105% RETURN
I take issue with the title of this thread and ask if I may change it to something like 'Red Rock pays two 200K+ jackpots in one day.' Saying they are giving away money implies they took a loss on those games, which I'm quite sure they didn't.
I thought the Red Rock has some special promotion LOL. Wasn’t expecting to see two jackpots hitting based on the title of the thread
Never mind that question.
I doubt it was either of the VIDEO POKER OPPORTUNITY WITH 105% RETURN reversible royal games with a 105%+ return, as those jackpots were much less when last I checked (40K and 74K).
I take issue with the title of this thread and ask if I may change it to something like 'Red Rock pays two 200K+ jackpots in one day.' Saying they are giving away money implies they took a loss on those games, which I'm quite sure they didn't.