Bookmark Website  | Free Registration  | The Team
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

Introduction

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:

  • Full house or better
  • 4 to a royal flush
  • Straight, three of a kind, or flush
  • 4 to a straight flush
  • Two pair
  • High pair (i.e. pair of Jacks, Queens, Kings or Aces)

  • 3 to a royal flush
  • 4 to a flush
  • Low pair (i.e. pair of Tens or lower)

  • 4 to an outside straight
  • 2 suited high cards
  • 3 to a straight flush
  • 2 unsuited high cards (if more than 2 pick then pick lowest 2)
  • Suited 10/J, 10/Q, or 10/K
  • One high card
  • Discard everything
  • 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:

    • Neteller users must pay $1.00 to withdraw. This is an additional cost reducing the expected return to $76.85.

    • The expected return is only an estimate. Players are not guaranteed to win every month, though if they hit a Royal Flush then they could make a lot more than $77.85.

    • Some casinos will allow players to withdraw their deposits before they have even started working through the wager requirements. CSBS does not recommend this as it can lead to players being banned for abusing the promotions.

    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/).


    MORE RESOURCES:

    Chalkbeat Colorado

    Ballot measure to allow casino gambling at racetracks gets green light
    The Denver Post
    A measure proposing to legalize casino gambling at the Arapahoe Park racetrack in Aurora received the green light Monday from Colorado Secretary of State Scott Gessler to appear on the November ballot . Based on a random sample of the 136,800 ...
    Yea or neigh on Initiative 135?Westword (blog)

    all 6 news articles »


    State should hold its horses on casino gambling
    Glens Falls Post-Star
    Moody's Investment Services recently downgraded the gambling industry from “stable” to “negative.” Eleven of the 15 states that have casino gambling have shown year over year declines in revenues. Moody's predicts revenues reported by states will ...



    Genting bets on New York casino gambling
    MiamiHerald.com
    Malaysian gaming giant Genting Group — stymied so far in its bid to bring casino gambling to Miami — is pushing hard in New York, where it is competing to win casino licenses under a 2013 law that cleared the way for full-fledged gambling in the state.

    and more »


    NBCNews.com

    Editorial: Chasing the fool's gold of casino gambling
    SILive.com
    This Tuesday, Oct. 12, 2010 file photo shows the Trump Plaza Hotel Casino in Atlantic City, N.J. The owners of the Trump Plaza casino in Atlantic City say they expect to shut it down in mid-September. Trump Entertainment Resorts tells The Associated ...
    Casino Expansion Proposal Riding On North-South Political DealNJ Spotlight
    Atlantic City: Casinos, gambling and the economyDigiNews
    Opinion: Atlantic City casino shake-out could be devastating to troubled cityNJ.com
    NorthJersey.com -New York Times -Washington Post
    all 265 news articles »


    Boston Globe

    Casino gambling, sick time, bottle bill and gas tax questions make ...
    MassLive.com
    BOSTON — Questions on casino gambling, mandatory sick leave, the bottle bill and a gas tax increase will all go before Massachusetts voters in November. Secretary of State William Galvin announced Thursday that the questions will go on the ballot in ...
    Ballot question backers face one more deadlineBoston Herald
    Mass. Announces Order Of Ballot QuestionsWAMC
    4 Ballot Questions Before Mass. VotersNew England Public Radio

    all 50 news articles »


    NorthJersey.com

    Sweeney says NJ voters could decide whether to expand casino gambling ...
    The Star-Ledger
    TRENTON — State Senate President Stephen Sweeney said there could be a referendum on the ballot next November asking New Jersey voters to expand casino gambling to the northern part of the state, according to a report by The Record. Sweeney ...
    NJ Senate president open to north Jersey casinosDailyrecord.com
    The Record: North Jersey casinosNorthJersey.com

    all 31 news articles »


    Dog racing, once doomed and propped up by casino gambling, comes to ...
    al.com
    MIAMI, Florida -- A mural-sized photograph at Flagler Dog Track celebrates the good old days, decades gone: Men and women in their finest clothes lean against the fence to catch a glimpse of the greyhounds, the stands emblazoned with red, white and ...



    Longmeadow Town Manager Stephen Crane says repeal of casino gambling ...
    MassLive.com
    LONGMEADOW — Longmeadow Town Manager Stephen Crane, in response to a question on the matter, has offered his thoughts on the effect of the Massachusetts' Supreme Judicial Court's recent decision to allow state voters to decide the legality of ...



    Dog racing dying with spread of casino gambling
    GamingTodaySlotsToday
    But, that was before the spread of casino gambling. Now, casinos are feeling the impact of over-abundance while most dog tracks have been shuttered. Lack of attendance and a growing concern over the treatment and health of the animals caused most ...

    and more »


    Boston Globe

    Sweetheart Deal: Casino Gambling, East Boston, And Mohegan Sun
    WGBH NEWS
    So, call me jealous since I live in the Back Bay and not Eastie, but I don't get why it's such a great thing that Mayor Marty Walsh has shaken down Mohegan Sun for $18 million a year to hand over to just one neighborhood for “improvements” when frankly ...
    Sources: Boston has verbal agreement for 'host-like' surrounding community ...MassLive.com
    Walsh: Casino deal at hand with MoheganNECN

    all 92 news articles »

    Google News


    Advertisement



    Section Site Map - Submit News - Feedback - Comments - Advertise with Us

    Copyright 2006 Luminati Inc. All rights reserved.