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A lot of poker players know what an overlay is - when a poker tournament guarantees a definite payout for winners and that payout is greater than the entire buy-in from all players (imagine $1,000 in prize money and 10 players pay $50 to play - making a $500 overlay). Occasionally a progressive jackpot on a table game also gets high enough to really offer an overlay, and this happened regularly when Caribbean Stud was more popular. Now only a few weeks back there have been three jackpots at Pai Gow Poker that were overlays: one in Las Vegas, and two in Arizona. If I HAVE the jackpot payout information correct, while you play Pai Gow and are playing the $1 progressive bet, the jackpot must be roughly $250,00 to be an even-money proposition.
Of course the chances of hitting it are slim, but gamblers love an overlay. On the Cannery in Vegas the jackpot grew to just about $400,000. On the Talking Stick Resort and linked Casino Arizona, the jackpot grew to nearly $300,00 before a lucky player hit big. Now, the linked jackpot at Gila River casinos (Wild Horse Pass, Vee Quiva and Lone Butte) is over $500,000 - the top Pai Gow progressive I WILL BE ABLE TO remember.
On the Pai Gow progressive, winning the massive bucks comes for any 7-card straight flush, using the joker or not. For the reason that jackpot return is 2.21% for each $10,000 offered, the present possible payout at Gila River (today: $543,277) is 54.3 x 2.21% and my math says playing the progressive is now a 120% return for your money. OMG!
Keep in mind that the percentages are roughly way out there, but how often does a casino bet offer an overlay? This is not an effortless grind just like the Paroli roulette system where you're seeking to win a unit or two each string, it is a rare-hitting chance to attain big. Simply so you recognize the percentages here, read on.
There are 32 how one can make a natural 7-card straight flush and 196 how you can make a 7-card straight flush with a joker. That implies there are 228 how one can win the biggie out of the 154,143,080 possible combinations with 52 cards and a joker. If I HAVE this straight, you could have one chance in 676,066. For a comparison, that's about 15x tougher than hitting a video poker royal flush. Ever hit a royal? Yeah? What did you win for a buck (maybe $1.25 on 1 / 4 machine), $1,000? Yup, that jackpot is 54x more in your money presently! Interesting.
Read More... [Source: About.com Casino Gambling]
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