Posts Tagged ‘poker jackpot’
Over the course of several years, they took thousands of dollars from the players, before the Mississippi Gaming Commission ruled that they could not continue to operate that way. In actuality, this money probably helped defray the costs of running the poker room, which is what the rake is designed to do. So, the way I see it, those players were getting raked twice.
Another incident happened when the Bayou Caddy Jubilee, in Lakeshore, Mississippi, closed its poker room while there were still tens of thousands of dollars in the poker jackpot. They took that money from the poker players and used it to inflate the size of some jackpots on selected slot machines. In other words, they took the poker players' money and gave it to the slot players. A group of poker players sued them over this incident; I don't know how the case was decided.
3. Some poker rooms make the jackpot exceedingly difficult to hit. They require that four-of-a-kind or better be beaten by a higher four-of-a-kind or better. The odds against this happening, especially if both players have to use both of their hole cards, are astronomical. So why do they do it?
Because they're greedy, that's why. When the requirements to hit the jackpot are ridiculously out of sight, it takes years for the jackpot to get hit. Meanwhile, the jackpot grows steadily, and the poker room management uses its size to attract more players. This way, they ensure that they have plenty of games to rake, which in turn ensures that the poker room makes a profit for management.
The poker room manager looks good to his bosses, and he's using your money to do so. When a jackpot takes several years to go over $100,000, who do you think is collecting the bank interest on that money? I promise you it's not you.
4. Some poker rooms have a rule that says they can take the $1 jackpot drop when the pot reaches $20, but the players are not eligible to hit the jackpot until the pot reaches $30. This means that if there is between $20 and $29 in the pot, you can't win the jackpot if it's hit even though you've already paid the $1.
Why does this rule exist? I've asked around and no one will give me a good answer. Logic tells me, therefore, that it's a device that poker room management uses to keep a jackpot from being hit as often.
It probably works, too, because at the lower limits a big portion of the pots are going to be between $20 and $29. It keeps the jackpot amount big, so they can use it to attract players. I believe it's probably an illegal rule, because it requires you to pay for something that you can't get. Imagine playing a slot machine with a progressive jackpot, always playing the maximum number of coins so you qualify for the jackpot, and when you finally hit it, having management tell you that you can't have the jackpot because it's not big enough yet!
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Tags: casino, poker, poker jackpot, poker room, slot machines