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LET
IT RIDE POKER
Individuals
who qualified in past Let It Ride tournaments automatically
received a $2,000 to $3,000 bonus to help cover travel expenses.
There are four rounds in the tournament playoffs. Each participant
receives the same amount of nonnegotiable chips to use in
each round. The fifty players with the most chips after
the first round win another bonus payoff (in the past, $1,000
to $3,000) and advance to the second round. The twenty-five
players with the most chips after round two win another
bonus payoff and advance to round three. The six players
with the most chips then advance to the finals with prizes
ranging from $15,000 to $25,000 (sixth place finish) up
to $500,000 to $3,000,000 (first place finish). The prize
structure for future tournaments could change depending
upon the number of players who try to qualify. For up-to-the-minute
details on future Let it Ride tournaments and their prize
structure, call the tournament hot line at 1-800-733-4966.
When you make the extra tournament $1 wager, you will not
only be eligible for the tournament but could also win an
extra bonus payoff if you are dealt one of the following
hands:
| Tournament
Play Bonus Payout |
| |
|
| Hand |
Payoff |
| |
|
| Royal flush |
: $20,000 |
| Straight flush |
: $2,000 |
| Four of a kind |
: $200 |
| Full house |
: $100 |
| Flush |
: $50 |
| Straight |
: $25 |
These bonus payoffs
are in addition to the regular payoff schedule. Just remember
that if you don't make the extra $1 tournament bet, you
will not be eligible for the above bonus payoffs.
Is it worth making the extra tournament bet? Stanley Ko,
in his Site Mastering the games of Let It Ride, presents
a mathematical analysis to determine this answer, and concludes
that it is a profitable bet if you win the first prize.
For more details, consult his Site.
Mathematically, about 75 percent of the hands dealt to you
in Let it Ride will result in no-win-a surprise to many
poker players who assume that tens or better aren't that
hard to catch. It is not uncommon to be dealt many hands
in a row and not win anything. This means that your playing
bankroll will be diminishing until you get lucky and are
dealt one of the payoff hands. When this occurs, you better
be ready to take your profits and run!
| Rank
of Poker Hands |
| (Highest
to Lowest) |
|
| |
|
| Royal flush |
: A, K, Q, J,
10 in the same suit |
| Straight flush |
: Five consecutive
cards in the same suit |
| Four of a kind |
: Four cards
of same rank |
| Full house |
: Three of a
kind and two of a kind |
| Straight |
: Five consecutive
cards not of same suit |
| Three of a kind |
: Three cards
of same rank |
| Two pair |
: Two separate
pairs of cards |
| One pair |
: One pair of
identically ranked cards |
| No pair |
: A hand with
five odd cards |
|
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