The recent interest in tournament-style poker has fueled interest in banked casino games, such as Caribbean stud poker.
In addition to the betting element of the game, Caribbean stud has a lottery-like progressive jackpot, just like the slots.
Originally developed for Caribbean cruise ships, Caribbean stud poker is based on five-card stud poker and is played on a blackjack-style table.
Unlike card room poker, players do not compete against each other. Rather, they must beat the dealer, as with jackpot and Let It Ride poker.
Players are dealt five cards face down after placing their ante bets — a minimum of $5 in most casinos — and their $1 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 a schedule similar to a video poker table.
Whether or not the player’s hand beats the dealer’s, he wins the following payouts if he bet the progressive pool:
Full house, $75
4 of a kind, $100
Straight flush, 10 percent of progressive pool
Royal flush, 100 percent of pool