|The Lounge | Champions | The Wire | Schedule | Audio | Arcade | The Top Ten | Historical | Email | Video|
Simple Jacks or Better Strategy Tutorial
Statistical Arbitrage strategy applied to Video Poker
Jacks or Better is a popular video poker game available at many online casinos. When collecting casino matched deposit bonuses, it counts towards wagering requirements for most online casinos, has a high payout, and a large jackpot.
This article will show readers how to calculate and maximise their expected return when using Jacks or Better to clear Casino bonuses. In effect, this is a statistical arbitrage strategy similar to that used by Casinos to maintain a house edge against players.
Readers who do not already know how to play Jacks or Better are advised to read this tutorial covering the basics.
Simple Optimal Strategy
CSBS favours a simple Jacks or Better strategy as it allows a faster rate of play with minimal expected loss. 5 coins should be played per hand as this maximises the payout from a Royal Flush.
This simple strategy has a 99.46% payout. To use the it, find all the ways to play a possible hand from the list below, and select the one that is highest. A high card is one that is a Jack or better (i.e. Jack, Queen, King or Ace).
To execute the strategy, players simply play the initial hand that is highest in this list:
Expected Returns - Intercasino US Example
Before claiming any casino deposit bonuses, it is important to understand the terms and conditions, and any wagering requirements. As an example, we shall consider claiming the Intercasino US $90 monthly deposit bonus, and demonstrate how to calculate the expected return.
At time of writing, Intercasino US offer a $90 monthly deposit bonus. This means that playerss depositing $90 will receive a $90 bonus into their account. (Intercasino US credits this immediately upon deposit, but other casinos may act differently).
The terms and conditions state that players must wager an aggregate total of 25 times the bonus in the casino before they can withdraw the bonus money. For example, a player who deposits $90 and receives a $90 bonus must then wager an aggregate total of $2,250 before they can cash out.
A player using the Simple Strategy would expect a payout of 99.46% which is equivalent to a loss of 0.0054%. Therefore, if they wager the full $2,250 wager requirement they would expect a loss of $2,250 * 0.0054 = $12.15.
Since the player received a $90 deposit bonus, their expected profit is therefore - $90.00-$12.15 = $77.85.
Problems to consider
There are some additional considerations that players may want to consider before taking advantage of these bonuses. A few are listed here:
Ben Willets is an enthuisiastic gambler and runs the popular Casino and Sports Betting - Even the Odds Website (http://www.financialcharting.com/casino-sports-betting-strategies/).
Future of casino gambling in SE Mass. the topic at Gaming Commission meeting ... - The Patriot Ledger
More states find bets on casino gambling aren't paying off as hoped - Crain's Cleveland Business (blog)
The Secret of Betting Dont
Football Handicapping List
This will not be a long ad to buy our picks, but it will be a reminder to have all your ducks lined up so you, not us, are ready for the season. On our site we have several articles that cover most of the checklist below.
Sports Betting and Money Management
Your bankroll must be protected at all costs, a good bankroll will get you thru the ups and downs of sports wagering.You must think of Sports Wagering in the very same light as you would Stock Market investments.
Gambling Addiction 101
A lot many of us know something or the other about gambling, must have at some point or the other have indulged in it in some or the other form. A trip to Las Vegas takes us right into the heart of the matter although the start might be as simple as a game of poker with friends while waiting for the school bus.
Just The Best Online Gambling, Casinos, Poker, Sports Book
BlackJack, Slots, Roulette, Video Poker, Bonus Slots, Stud Poker, Texas Hold em Free Money and Freerolls, All types of sports betting. Does this interest you? Read on!Is lady luck with you? Vegas, Atlantic City Etc.
Take Your Online Poker Game to the Next Level
Playing Poker online can be quite satisfying, and financially rewarding, if one uses the best possible online poker strategies. Some online poker players simply rush into games and hands without thinking about their options.
Becoming a Consistent Winner at Online Low-Limit Texas Hold 'Em
Start with Small Stakes and Play Tight, Tight, and More TightStart SmallBegin playing with small stakes. This might seem obvious to most but my experience has shown me two things.
How to Win at Online Slots Games
Being a winning slot machine player is to some extent impossible. All slot machines are specifically designed in order to give the house a long term edge, so the house will always come out ahead if you play long enough.
The Secrets of the Field
Online Roulette - A Brief History
The term "Roulette" is French and in essence it means "small wheel". While it may seem that because "Roulette" is a French word that the game itself comes from France, but this is not necessarily true.
John Ascuaga's Nugget Casino Reviewed by Thehooks
The Club Cal Neva sports book is located on the bottom floor of the Nugget Casino. Down stairs there is a nice bar, bingo parlor, horse bet racing section, a deli, and many big screens to watch the games.
Many gamblers have come across the term "Offshore Gambling", but are not entirely sure what it means. A casino that deals with offshore gambling is one that basically operates outside the jurisdiction of a given country or it can be an online casino that has its servers in a country where online gambling is not prohibited.
Avoiding Tilt While Playing Online Poker
As many experts have said, poker is a game that must be viewed as one continuous session that lasts a lifetime. If one can keep this simple statement in mind, it can make the short-term variances, or luck, less painful when the underdog wins.
The Eternal Allure of Gambling
I just spent three days in the land of milk and money - Las Vegas. There is something refreshingly honest about the place: it's all about money and it knows it.
Play Online Baccarat Game
Baccarat - the game of the rich and famous - the game of high-flyers, Hollywood stars and oil barons!Until recently, only the highest class casinos offered baccarat, and only their richest clients could afford the table minimums. No wonder the name conjours up an image of glamour and expensive cigars, diamonds and vintage cognac!The good news is that you no longer have to be a multi-millionaire to savor the excitement of baccarat - with online casinos you can play online baccarat game anytime, anywhere!Baccarat has fascinated high-class gamblers for centuries.
American Gambling Basics
Casinos have always been a destination for the wealthy and the famous, however, these days they are hoping to be a regular stopover. But the gambling cannot be confined to one spot.
The Healthy Gambler
In our day and age gambling is very popular. The problem is that many still see it as being wrong.
Gambling Interesting Facts
SoccerbettingIs there such thing as "kangtao" or surewin tips?I have seen alot of people debating over the issues of this "kangtao" or surewin tips. In actual fact there"IS" however very few.
Earn Money Playing Slots...or not
Yay, what a life would that be - sitting behind the fancy slot machine, hitting buttons, sipping Bud Light and constantly cashing out big bucks, or coins. Sure, we know that casinos (even online casinos, yes) take their "edge" and earn hideous profits, but we don't think about it when we step into a local casino or log on to our favourite online casino.
Why Online Poker is Better Than Land Based Poker
Online Poker has become the greatest hit in the online gambling industry, being current cash cow and source of income for many people involved. It provides an unique opportunity for the world's top players, who enjoy poker action against each other or any player without leaving home.
Section Site Map - Submit News - Feedback - Comments - Advertise with Us
Copyright © 2006 Luminati Inc. All rights reserved.