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:

    Boston Business Journal

    Stop gaming debate on casino gambling
    Lowell Sun
    With the general election just two weeks away, the four referendum questions on the state ballot are getting almost as much attention as the governor's race. And among those four, the one seeking the repeal of the state's Casino Gambling Law seems to ...
    Casino firms spend heavily to fight repeal of lawseattlepi.com
    With Ballot Question 3, Massachusetts Voters Have a Choice On CasinosWGBH NEWS

    all 24 news articles »


    Richmond Times-Dispatch (blog)

    McElroy: Virginia should legalize casino gambling
    Richmond Times-Dispatch (blog)
    If Virginia really wants dramatic change, then legalize casino gambling. To those who oppose gambling for religious or ethical reasons, I fully respect your beliefs. Others will say gambling brings in crime and can destroy families as well as preying ...

    and more »


    DU Clarion

    Amendment 68: Casino Gambling at Arapahoe Park
    Aurora Sentinel
    Arapahoe Park casino _Perr Voters will decide whether to allow casino gambling at a horse racetrack in Aurora, and two other locations in the future, with the promise that the taxes raised will funnel $114 million a year to public schools. It's a high ...
    Local school officials lukewarm on Amendment 68Glenwood Springs Post Independent
    Let's Vote: 2014 Midterm ElectionsDU Clarion
    CASB opposes Amendment 68La Junta Tribune Democrat
    GamingTodaySlotsToday
    all 16 news articles »


    Virginia's status as holdout on casino gambling hurt Colonial Downs
    Washington Post
    Virginia is one of nine states that does not have legalized casino gambling. Virginia was once β€œthe center of racing during Colonial days,” according to Terance Rephann, a University of Virginia economist. In recent years, the track offered 30 days of ...

    and more »


    Colorado weighs gambling expansion at racetracks
    KXRM
    DENVER (AP) -- Colorado voters must decide whether to allow casino gambling at a horse racetrack in suburban Denver, and two other locations in the future, with the promise that it will funnel $114 million a year to public schools. Amendment 68 is a ...

    and more »


    wwlp.com

    WMass residents react to new casino gambling research
    wwlp.com
    In Springfield, MGM promises to bring more than 3,000 permanent jobs should casino gambling remain legal in Massachusetts, but that has some residents questioning who will get those jobs. β€œI don't think it's going to help the economy at all. I mean ...
    With casino vote, Springfield's fortune at stakeBoston Globe

    all 4 news articles »


    Ex-Meadowlands Sports Complex chief urges swift action on North Jersey ...
    NorthJersey.com
    Jim Kirkos, president of the Meadowlands Regional Chamber of Commerce, said that while he and other local officials support North Jersey casino gambling, β€œa casino is subordinate to a convention center.” A number of speakers agreed that the sports ...

    and more »


    New Hampshire Magazine

    The real impact of casino gambling in NH
    New Hampshire Magazine
    As someone who spends nearly every hour of every day thinking, talking, writing about politics, you can take it from me: your vote this fall will not repeal Obamacare or keep it, it will not lower your taxes or increase them on the rich, it won't stop ...



    Kansas City Star

    Mass. Bishops: Casino Gambling Is a Bad Bet
    National Catholic Register
    BOSTON β€” Led by Cardinal Sean O'Malley of Boston, the Catholic bishops in Massachusetts are urging voters to support a ballot measure this November that would repeal a 2011 law that legalized casino gambling in the Bay State. As of now, not a single ...
    Study: Gambling industry worth $240B, 1.7M jobsReno Gazette Journal
    Casino Mogul Says Experience, Not Gambling, Is KeyABC News

    all 552 news articles »


    The Republican - masslive.com

    Massachusetts gubernatorial candidates spar on casino gambling, education ...
    The Republican - masslive.com
    SPRINGFIELD β€” The five candidates for governor debated topics from global warming to casino gambling in their first televised post-primary debate, held at CityStage in Springfield. Democrat Martha Coakley, Republican Charlie Baker and independents ...

    and more »

    Google News


    Advertisement



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

    Copyright © 2006 Luminati Inc. All rights reserved.