Originally developed for Caribbean cruise ships, Caribbean stud poker has become popular in Las Vegas because of its progressive jackpot, which often reaches into six figures. The game is based on five-card stud poker and played on a blackjack-style table.
Players are dealt five cards face down after placing their ante bets-a minimum of $5.00 in most casinos-and their $1.00 progressive ante if they choose to play for the escalating jackpot, the value of which is displayed on an electronic reader board at the table. The dealer receives four cards face down and one card up. if the player doesn’t like his cards, he may fold and surrender his ante bet. If he thinks he can win, he places a “call bet” equal to double his original ante.
The house has an advantage because the dealer must have an ace-king or higher to continue play. If he doesn’t, the hand is over, and the players who remained in the game are paid even money on their original ante, but their call bets are returned. If the game continues and the player’s hand fails to beat the dealer’s, he loses the ante and call bets. But if -the player’s hand beats the dealer’s, he’s paid even money on his ante, plus a bonus amount on his call bet according to the following schedule:
Ace-king high 1-1
One pair 1-1
Two pair 2-1
Three of a kind 3-1
Full house 7-1
Four of a kind 20-1
Straight flush 50-1
Royal flush 100-1
Whether or not the player’s hand beats the dealers, he wins the following payouts if he bet the $ 1.00 to enter the progressive pool:
Full house, $75
Four of a kind, $100
Straight flush, 10 percent of progressive pool
Royal flush, 100 percent of progressive pool