Jackpot and Flip SnGs added to the Chico network rooms
Spins are now a three-way choice on the Chico network. The classic spins — Windfall — have been available over 1 year now and two new formats were added recently.
Flip Sit 'n Go's is a 100% lottery spin, were not only the prize is random, but also all players go all-in every single hand until one of them has all the chips. Initially, three stakes of Flip SnG are available: $3, $5, and $10, and the multipliers go from 1,5x to 1,000x, the last one with a probability of 1 in 10,000.
The second one, Jackpot SnG, is a very interesting format, especially when it's compared to the classic Windfall.
Jackpot vs. Windfall tournaments
Both tournaments keep the traditional spin format: 3-max hyper turbo (3-min blinds) tournaments with 500 chips as the initial stack and the prize pool is determined randomly, known as the "multiplier".
Jackpot SnG in detail
The main difference with the Windfall tournaments is that in addition to the standard prizes, a jackpot is also played, which is also randomly determined. If the jackpot is played, 85% of the accumulated amount is received by the participants, and the remaining 15% goes to the next jackpot.
| BUY-INS | ||||
|---|---|---|---|---|
| $3 | $6 | $15 | $30 | |
| MAX PRIZE | $15,000 | $30,000 | $75,000 | $150,000 |
| JACKPOT PRIZE | 85% of Jackpot | 85% of Jackpot | 85% of Jackpot | 85% of Jackpot |
2% of the total 7,7% rake goes to the jackpot, and right now the prizes range from $8kUSD up to $18,000kUSD.
Multipliers
In the Jackpot SnG, the total number of multipliers was reduced from 7 to 6, and the maximum prize was increased from 2,000x to 5,000x.
| Multipliers | Probability | ||
| WindFall | Jackpot | WindFall | Jackpot |
| 2,000x | 5,000x | 1 of 100,000 | 1 of 100,000 |
| 100x | 5 of 100,000 | ||
| 50x | 10 of 100,000 | ||
| 20x | 20x | 50 of 100,000 | 100 of 100,000 |
| 10x | 10x | 102 of 100,000 | 400 of 100,000 |
| 5x | 5x | 24,772 of 100,000 | 13,900 of 100,000 |
| 2x | 3x | 75,060 of 100,000 | 24,770 of 100,000 |
| 1.5x | 57,130 of 100,000 |
Almost 60% of the Jackpot tournaments will be played with a 1,5x multiplier.
Conclusion
Chico is trying to reach two goals with the latest announcement: increase the SnG offer, and attract more recreational players; the Flips SnG's are 100% random and it will only be played by amateur players looking for "casino poker" games, while the Jackpot ones although having fewer multipliers (most of the times players will fight for half of the buy-in with a rake of 7.7%), more tournaments will be played with a lower multiplier.
Those new formats will increase the amateur traffic on the Chico network, and the regular players can take advantage of it, especially during the first months.
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