Jackpot Sit and Go – Your Chance for a $50k Payday
Titan Jackpot SNGs Give You A Chance To Win $50k.
This Overview Will Show You Where And How.
Note: Titan Poker are not US-Friendly, apologies to our US Readers! You might like to check out the great articles linked below instead:
Complete Guide To Full Tilt Poker SNGs
Head-to-Head – Which is the best room for SNGs
The idea behind the Jackpot SNGs at Titan Poker is really very simple. Win 6 in a row to qualify for the huge jackpot prize! There are actually 3 different levels to suit your buy-in level, these are listed below.
- Fort Knox Jackpot SNG $50+9 - 6 players - Win 6 consecutively get $50k.
- Rio Jackpot SNG $20+3.5 - 6 players - win 6 consecutively get $25k.
- Maui Jackpot SNG - $5+1 - 10 players - win 5 consecutively get $15k.
If you are a SNG player normally then these represent an extra chance to win some big money... on the other hand the entry fee for each is higher than the same level of non-jackpot sit and go. I thought that it was time to do some analysis and ask whether it might be worth the extra fees for the chance of a jackpot??
There is a significant difference in payouts to address when we consider the 6-Man SNGs, they actually pay 3 places rather than 2! We also need to take into account that the standard of play in these games tends to be poor - the experience level of the participants tends to be lower than that for the equivalent buy-in non-jackpot SNGs.
We will start by looking at an average players winning chances and work forward from there; All else being equal you have a 16.7% chance of winning a 6-man SNG... an 'average' player wins six 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!
Next the fee against the prize for the Fort Knox:
The rake or fee is $9 here instead of the standard $5 for this level – so over 3000 games you would pay a total of $23000 in rake. Now compare this with an average of one $50k Jackpot SNG prize and is looks like we may have some value here!
But this is not the whole picture. In order to have a real comparison we need to look at the prize pool structure and compare this with the prize structure in a ‘normal’ SNG for a winning player. After all, it would only make sense to try for the jackpot if the expected dollar value is positive over time compared to your usual game once the extra fee is taken into account.
We will use the example of ‘Mrs Winner’ a good SNG player with a finish distribution for 6-max SNGs that look like this: 25% 1st place / 15% 2nd place / 10% 3rd place finishes.
Here is the sum of profits after 3000 non-Jackpot SNG:
750 1st ($210) = $157500
450 2nd ($90) = $40500
Total = (157500 + 40500) - (3000* $55) = +$33000
Now the same calculation for the Fort Knox Jackpot SNGs:
750 1st ($150) = $112500
450 2nd ($90) = $40500
300 3rd ($60) = $18000
Total = ($112500 + $40500 + $18000) - (3000 * $59) = -$6000
A big difference! 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!! This means that nothing like 3000 games are required to win the jackpot – we suddenly swing back into a large positive expectation!!
One other very important point to mention – the results for our winning player can not so easily be transposed onto the different payout structure. When the 1st prize is significantly more than the rest it makes sense to take bigger risks to secure that prize. With a shallower payout structure adjusting play to secure a cash before going for 1st may be a more profitable strategy. In this case our winning player should expect a far higher return from those Jackpot SNGs!
To sum up – while it appears at first glance that the increased rake makes Titan Jackpot SNGs unprofitable our analysis shows that this is not the case for the thinking SNG player. In fact the chance of scooping the big win make these potentially very profitable indeed. The Fort Knox Jackpot SNG at $50+9 may be a little expensive for some, however the same numbers can be applied to the Maui Jackpot SNGs with the far lower $5+1 entry fee and a $15K Jackpot prize!
I should 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 each game. In addition all new depositors get 4 freeroll tickets and a huge signup bonus – check out Titan Poker today, up to $500 bonus is available with our bonus code SNGPLANET.
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