Lodge Bad Beat

I don't know how long they have been updating their webpage, but I found the following information and it appears to be up to date.

http://www.thelodgecasino.com/index.php?option=com_content&task=view&id=38&Itemid=89

I'm going to head up tonight after work for an evening of dreaded 2-5, but with the bad beat still so high, I'll take my chances. Website shows $562k as of October 10th.

$562k? That's just gross.

I'm planning a trip up the hill when wifey's outta town, for a Saturday or Sunday noon tourney at the Gates...guess I'll have to follow that up with some $2-5 disgustery, just for BBJ purposes.

Well I'm here and the BB is offically 579k.

I went up again last night and donked off $150 in quick fashion. There was even a period of close to two hours (3.5 dealers) that I could not win a hand and hadn't even mucked a winning hand. It was a very long and drawn out evening.

Just wanted to mention that they are changing the details of receiving a portion of the bad beat within the room. It just started yesterday and I only have verbal confirmation from one of the dealers. They are now going to spread out 10% of the jackpot when it's hit amongst those in the room that have their players card checked. This can come out to a decent chunk of change for just being in the room when the BB hits (we were thinking about $500 a piece last night). Not everyone remembers or knows that they need to check in with their players card when you're at a table. Previously, they were offering $50/person if the BB hit. You also receive $1/hour towards comps with your players card.

The primary jackpot is now over $607k and growing!

Wow, I hope it's still around when my wife's out of town during a couple upcoming weekends. I'll defintely make one run up there and play like a total nit, of course. I guess if the primary's over $600k, even #2 and #3 are too terribly far behind....

I just checked the Lodge’s website and learned they are BOASTING they currently hold 1.5 MILLION dollars of poker players money.

I would like to hear one reasonable argument why this is good for the poker economy in Colorado.

I am waiting.

UbuyIt wrote:I just checked the Lodge’s website and learned they are BOASTING they currently hold 1.5 MILLION dollars of poker players money.

I would like to hear one reasonable argument why this is good for the poker economy in Colorado.

I am waiting.

UbuyIt, first of all, welcome to the forum and we all look forward to new people's ideas and thoughts. I would like to understand your stance on this large amount of money in the "Bad Beat Fund" at the Lodge, but in order to do so, I think we need your definition of the "poker economy in Colorado" so we can truly open this up to a discussion. How do you feel this money being held at the Lodge affects this economy? What other factors could affect this economy?

Looking forward to some insight and again welcome to the forum.

"Bad Beat Fund"

LOL

Quads beaten is a pretty rare occurance. More than pretty rare, it's very rare. I suspect that it won't be beaten for quite a while, but when it does it will create a media buzz which will just make more publicity for the Lodge. So, the Lodge is using players' money for it's own publicity. Really, if this were such a great thing it would be easier to win. Wait, that's oxymoronic.

So, the Lodge is holding out $1.5 million of players' money with little likelihood of paying it back. Is that good for the poker economy? No. Is it good for the Lodge economy? Hell yes. It's more like lotto odds than poker odds. They'll probably take a rake off the money too.

I perceive the BBJ at The Lodge or anywhere else for that matter, just an achievable (but unlikely) jackpot. Having had two table shares myself, I know that at any time you could be sitting in the lucky seat and get paid. Not only that, but you can now get a little money for just being in the room when the BBJ is hit. I can't stand playing slot machines, so it's nice to know that there is a jackpot available while I play my game of choice, poker. Considering myself a winning player, I also get the chance at playing for a nice chunk of change. I am unaware of any "Colorado Poker economy" that may be effected. Perhaps I could learn more in "Colorado Poker Economy 101".

On average, the BB at The Lodge should have hit by now. It's ironic that the BB hits at Ameristar about every 2 or 3 months, rarely getting larger then 120k. The Lodge has more tables, more players and more action and still has not hit the BB while Ameristar has hit it twice in that time period and once with only one live game. One would also think with the crazy 5-5 games that someone would have held onto a qualifying hand to the river as no one folds in those games.

The only thing I do know is that the BB would be good for the "Scrupboy Economy!" I'm heading up tonight as I've heard that Jackpot #1 is now over 630k.

Trying to decide whether to head up on Saturday for a few afternoon hours or not...

My question to our new member was to see his definition of the poker economy. I also don't feel there is a poker economy for live action in this state. I feel in order to have an economy there have to be a large number of people who earn a living at poker and that just isn't the case in this state. Also, if you were to be on the winning or losing side of that 600+ thousand dollars, I'm fairly confident that it wouldn't go back into poker and would most likely be right into your bank account or into a large investment of some sort.

Guess it depends on the scope of the poker economy. While I am at the table, it is the chips on the table and the cash players are will to pull from their pockets.

Using this definition, the monies that built the bad beat fund are taken from the winnings. Whether I am a pro or not, the money raped raked from my winning to fund the house promotion is less for my bankroll.

Also not addressed is the interest earned by the lodge. Are they feeding that back into the kitty, or are they raking the rake?

Math Backwards wrote:less for my bankroll.

I agree with that, but do we truly have "bankrolls" or just money we are willing to gamble? I know online it's a lot easier to regulate your balance, but if we take "x" amount of dollars up the hill, burn through it, do we just hit the atm and reload?

1.5 mil at 4% (near the 30 year treasury bond rate) gets 60k per year. Not bad for us, but to them, not much. Of course they would have it invested short term which is < 1%. I'm sure it's invested, but they prolly rake it with some "admin fee" or some shit like that.

I go up with an amount I'm willing to gamble with, ATM is probable. No, I don't have a live "bankroll." I have a live "get drunk and gambool with the dough in your pocket and maybe 100-200 more" roll.

So close, but so far... Closed the place out last night after getting there at 8:00 and not getting a seat until 9:00. Had J-10 diamonds one hand and the flop came 9-Q diamonds and some other card I don't recall. Check it and late position lady bets 5. She's been pretty tight and I like my chances and just call. Now, HU the turn brings the K diamonds to where I check my straight flush and call out "pair the board". She bets I call hoping she can beat me on the river. River brings a useless 5 and I decide to bet the "nuts". She calls and I show my straight flush to where she turns over PP 9's for a flopped set. 9 on the river would have been sweeeeeet. Oh well... bye, bye $180k. Still a profitable night as the wife and I came back +$300.

I'm headed up to play the GG Deep Stack right now, so if'n youse are up there today, look me up. Rock on.

Scrupboy wrote:So close, but so far... Closed the place out last night after getting there at 8:00 and not getting a seat until 9:00. Had J-10 diamonds one hand and the flop came 9-Q diamonds and some other card I don't recall. Check it and late position lady bets 5. She's been pretty tight and I like my chances and just call. Now, HU the turn brings the K diamonds to where I check my straight flush and call out "pair the board". She bets I call hoping she can beat me on the river. River brings a useless 5 and I decide to bet the "nuts". She calls and I show my straight flush to where she turns over PP 9's for a flopped set. 9 on the river would have been sweeeeeet. Oh well... bye, bye $180k. Still a profitable night as the wife and I came back +$300.

could you imagine hitting a bad beat hand and having the pot come up short cause the other player started the hand with too little or failed to raise cause they didn't know what they were doing??? I think I would have to be restrained.

idh78 wrote:

Scrupboy wrote:So close, but so far... Closed the place out last night after getting there at 8:00 and not getting a seat until 9:00. Had J-10 diamonds one hand and the flop came 9-Q diamonds and some other card I don't recall. Check it and late position lady bets 5. She's been pretty tight and I like my chances and just call. Now, HU the turn brings the K diamonds to where I check my straight flush and call out "pair the board". She bets I call hoping she can beat me on the river. River brings a useless 5 and I decide to bet the "nuts". She calls and I show my straight flush to where she turns over PP 9's for a flopped set. 9 on the river would have been sweeeeeet. Oh well... bye, bye $180k. Still a profitable night as the wife and I came back +$300.

could you imagine hitting a bad beat hand and having the pot come up short cause the other player started the hand with too little or failed to raise cause they didn't know what they were doing??? I think I would have to be restrained.

I heard it happened recently..where two friends checked down a pot and didnt have enough in the pot. If Im even close Im capping the pot.

Closest I ever came to getting the bad beat, was against Idh's wife. I had QQ and she had KK and the flop came KKQ. It was 6 or 7 handed and 4 of the people at the table were in our group so it would have been pretty juicy for the Idh family....I never wanted to see a Q so badly in my life!

I cam close a couple weekends ago. Had JJ in the BB and called a button raise. Flop came down KQJ. I bet he raises and then I re-raise. Needless to say he is all-in on the flop and turns over KK. I rivered quads and he ended up with Kings full of jacks.

It hit last night.

Table share was around 20K a piece. Loser was over 200k and the winner was 150-180ish. The funny thing is I rarely go up the hill anymore and as telling Emily about eh bad beat and we were going to head up to the lodge to play. Long story short, she ends up not going so on the way I decide I would rather play a tourney @ the Gilpin. About 30 minutes after I got there a guy at my table got a text saying "the bad beat just hit." The floor got a call about the same time and announced it and I was pissed I didn't go to the lodge as planned even though I am pretty sure I would have still been on the wait list. They gave everyone at a ring game a piece as well. Yeah, everyone in the cardroom got like $300.

Oh yeah, a consolation prize; 3rd in CPC the $120 for an even 1K. Not too shabby...

Danny sends me a text message last night and I was bummed as I was supposed to be up there, but had to change my plans due to a scheduling conflict. Someone I knew told me that it was Quad 6's beat by a ten high straight flush. Approximately, 220k to the quad 6's, 170k to the straight flush and 21k table share. The room share only went to those that had their players card checked in, including the people on the table that hit the bad beat. The room holds approximately 200 people and 169 split 10% of the BBJ for around $380 a piece. Still, not bad for just being in the room and not having a missed blind. I feel bad for the other 31 people that didn't have their players card checked. I was also told that it hit on a 2-5 table and that the person holding quad 6's may have just sat at the table.

Back when the BB qualified with aces full of jacks beaten, the second and third jackpots would hit within the same week or very close to when the first hit. This scenario is probably unlikely now that quads need to be beaten, but I think I'll take my chances and make a trip up tonight just to "test the waters." On another note, played 5-5 for about 10 hours on Saturday and took home $500.

Nice job on the 3rd place finish at The Gilpin, Danny! See you at the finals.

Scrupboy wrote:
Nice job on the 3rd place finish at The Gilpin, Danny! See you at the finals.

Everything you posted is correct. they announced it at the Giplin. Also, I didn't qualify, only 1st and second did.

PoWdA wrote:

Scrupboy wrote:
Nice job on the 3rd place finish at The Gilpin, Danny! See you at the finals.

Everything you posted is correct. they announced it at the Giplin. Also, I didn't qualify, only 1st and second did.

Nice cash, just the same.

I went up Friday, but specifically to play the $80+80 at the GG. My AA went down to JJ for a chiplead-sized stack late during hour 2, and I could only ride the micro stack for another hour, so on semi-tilt, I entered the 3pm tourney and went out in 4th for a buy-in save (they only had 30 runners and only paid 3 spots, I run so bad sometimes).

Had too much of an altitude headache to stay longer, so just went home.

Wifey's out of town again this weekend, though, so I may have to make another run up, any plans?