vpFREE2 Forums

A question

#1

One of my sons, over for dinner last evening, asked me a question. I did not
know the answer. (LOL. There are lots of things for which I do not have the
answer).

Anyway, he said that he was aware of the fact that when a person has a major
win, like for Megabucks, or something similar, the payoff is often in the form of
an annuity, that pays a certain amount over the next 20 years or so, totalling to
what the original "prize" was..

He asked whether that is also the case for a "super-win" at Video Poker, like if
you get a dealt royal on a 100-line $1 machine, with a $400,000 payout. Do
you get the $400,000 up front, or is it paid off in an annuity fashion?

.....bl

#2

I am not sure, but I believe that machines that pay jackpot as
annuities have that fact "clearly" written on them "somewhere". I
guess that the same would have to be true of VP machines that would do
the same.

My guess is that casinos that have $1 100-line (assuming that there
are any) can afford the $400k payout that occurs once every 650000
deals (on average) (assuming 52 cards). I have the feeling that $400k
isn't big compared to what some BJ or baccarat high rollers might
spend. $400k also isn't big compared to some of those mega jackpot on
slot machines.

I have the feeling that such game wouldn't be better than 9/6 JoB, and
that the low volatility of 100-play JoB is such that the risk for the
casino is acceptable.

JBQ

ยทยทยท

On 12/22/05, bornloser1537 <bornloser1537@yahoo.com> wrote:

He asked whether that is also the case for a "super-win" at Video Poker, like if
you get a dealt royal on a 100-line $1 machine, with a $400,000 payout. Do
you get the $400,000 up front, or is it paid off in an annuity fashion?