Titan Jackpot Sit and Go - A Good Deal for UK Online Poker Players?

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Jackpot Sit and Go Tournaments (SNG) have been an established feature on Titan Poker for some time now. The concept is very simple - win six of these one-table tournaments in a row and you get a huge jackpot bonus!

There are actually 3 different levels:

Fort Knox Jackpot Sit and Go - Entry $50+9 - Win 6 consecutively for $50,000!

Rio Jackpot Sit and Go- Entry $20+3.50 - Win 6 consecutively for $25,000!

Maui Jackpot Sit and Go - Entry $5+1 - Win 6 consecutively for $15,000!

Fort Knox and Rio games start with 6 players, the Maui games start with 10. There are some significant differences between the Jackpot SNGs and normal ones to mention. Firstly the 6-Handed Jackpot Sit and Goes pay 3 places instead of the usual 2. Secondly the rake - or entry fee - is higher in the jackpot games than the non-jackpot equivalents. The remainder of this article will look into the numbers in order to ask the question:

Are Titan Poker Jackpot SNGs Worth the Extra Rake?

Let me start with some really simple probablilities and work from there; All else being equal you have a 16.7% chance of winning a 6-man SNG... so taking nothing more into account an 'average' player could win 6 in a row 0.002% of the time - or 1 in 500 sets of 6. Put another way if Mr Average plays 3000 jackpot SNGs he could expect, on average, to win the jackpot once!

Lets look at the fee vs the prize for the Fort Knox; (3000 * $9) - $50000 = $23000

Ok, so it looks like there is some value here!

The complicating factor comes when we look at the same figures for a winning player. Lets take the following assumption for 'Mrs Winner'; 25% 1st / 15% 2nd place / 10% 3rd place finish distribution.

After 3000 'non-jackpot' 6-man sngs;

750 1st ($210) = $157500

450 2nd ($90) = $40500

Total = (157500 + 40500) - (3000* $55) = +$33000

 

After 3000 jackpot 6-man sngs;

750 1st (150) = $112500

450 2nd (90) = $40500 300

3rd (60) = $18000

Total = ($112500 + $40500 + $18000) - (3000 * $59) = -$6000

Interesting swing! Over 3000 games there is a difference of $39000 - a strong suggestion that the winning player should stick to the lower-rake non-jackpot SNGs... but wait, in saying that 'Mrs Winner' has 25% winning chances we need to recalculate the probability of 6 in a row - this is now 0.019%, almost 1 in 50!!

Well, I started this analysis expecting the increased rake to make these unplayable, and am pleasantly suprised that there is some potential value in these. I already mentioned that they fill with less experienced players, let me elaborate - they fill with fish!!

Finally to mention bonuses - Titan give 20 'points' for each $1 in tournament fees and 600 points = $5 bonus clearance. Thus if you are playing the Fort Knox while clearing a bonus you are effectively saving almost $2 in fees.

Check them out today via the link below; If you use the special bonus code 'POKERPOINT' the intial signup bonus is Doubled to 100% up to $500!!

http://www.titanpoker.com

 

Good luck at the tables,

Mark

 

Article Source: http://www.theukarticledirectory.co.uk