Powerhouse Poker Wizard Of Odds

Wheel Poker is an easy-to-understand video poker variation. The player may play normally, if he wishes, in either three-play or five-play mode. However, if the player bets six coins per hand, then he will be eligible to spin the prize wheel if he gets a four of a kind on the draw. Nov 30, 2019 - Blackjack, poker and other beatable casino games. See more ideas about Casino games, Poker and Professional references.

Scouting the machines that pay the best

By Henry Tamburin

A frustrating part of video poker for most players is the dizzying array of different pay tables that they’ll find in casinos for their favorite video poker game. For example, there are at least 11 different pay tables for Deuces Wild and seven for Double Double Bonus. Many players are confused and don’t know which pay table for which game is the best to play. Fortunately, two products (one is free) can lead you to the game with the best return.

As always, I want to remind you that the “best” video pokers are the ones that have the highest return (or Expected Value or EV). EV is the expected number of coins you will win on a five-coin wager, assuming an infinite number of hands. It also assumes that you play every hand perfectly (which is not very difficult if you bring along a strategy card when you play). The EV for a game is expressed as a percentage; therefore, if a game has a 99.54% EV, it means in the long run if you play every hand perfectly, you can expect a return of 99.54% of all the money you bet. There are many video poker games that have EVs over 99%; the secret is to know which games they are (and their corresponding pay tables) and then to learn the playing strategy for the game.

Let’s focus on the first step, namely, how to know what the return is of a game by looking at its pay table. One neat product that will help you do this is the free Video Poker Cheat Sheet that you will find on this site: http://wizardofodds.com/pdf/video-poker-cheat-sheet.pdf. Michael (Wizard of Odds) Shackleford has summarized the EVs for different video poker games based on the pay schedules. He lists common pay schedules for 16 different video poker games. (For example, Jacks or Better, Bonus Poker, Bonus Poker Deluxe, Double Bonus, Double Double Bonus, etc.) At the bottom of each game’s pay schedule is its EV.

For example, the Cheat Sheet lists 11 different pay schedules for Deuces Wild that range from a high of 100.76% EV to a low of 94.82% EV. Three other pay schedules come in with EVs over 99.4%. It behooves you if you want to play Deuces Wild to find and play the pay schedules that have the highest EV. (Remember: The casino manager isn’t going to take by the hand and point you to the 99.96% EV Deuces Wild game. It’s your responsibility as a player to find this game and play it, as opposed to a Deuces Wild game that has an inferior pay schedule and lower EV.)

The Video Poker Cheat Sheet is a pdf file that you can print using your computer and home printer. The Cheat Sheet is a six-page report that you can use for reference to determine which pay schedule (for each of the 16 games covered in the report) has the highest EV.

Wizard

If you don’t want to carry a report with you into a casino, I have a second more compact product for you to consider, The Frugal Video Poker Scouting Guide by Jean Scott and Victor Nacht. This 33 page spiral-bound book is only 7 inches long by 3.5 inches wide so it fits conveniently in pocket or purse. It contains nearly 200 pay schedules for 37 of the most popular video poker games, and it contains the EVs for each pay schedule (for a single line game, Multi-Strike, and Super Times Pay). In addition, the book contains information on each games volatility (i.e., bankroll swings), and the break-even point on progressive royal flush games. The book is easy to carry, easy to use, and it will help you pin point which games have the highest returns and are the best ones to play. (The book retails for $19.99, a small price to pay for this handy resource. You can read more about it on my web store at www.smartgaming.com).

Wizard

Here’s another way to know which games have the highest EVs when you are scouting the machines in a casino. The popular video poker strategy cards by Dancer/Daily have a few common pay schedules printed on the card with the corresponding EVs. For example, the Jacks or Better strategy card has the pay schedules, and their corresponding EVs, for 9/6, 8/6, 9/5, and 8/5 games. Therefore, when you take the pocket strategy card with you into the casino, you’ll not only have the playing strategy for your favorite game but also the EVs for the more popular pay schedules.

There is one more tool you can use that tells you whether your favorite casino offers any full pay (i.e., highest EV) video poker games. Just go to vpfree2.com, click on “Casinos With Video Poker” on the bottom of the page, and then select the region you are interested (e.g., Las Vegas, East, Midwest, etc), and you’ll obtain a table that lists all the casinos in that region and the full pay video poker games that they offer.

With the above tools, you have no excuse not to find and play the best video poker games in your favorite casino.

Tamburin’s Tip of the Month

Sometimes you’ll discover that a casino may not have a good pay schedule for Jacks or Better (JOB). For example, many casinos only offer 8/5 JOB with a 97.30% EV. Before you sit down and play that game, check the pay schedules for Bonus Poker (or check vpfree2.com beforehand). If you find an 8/5 BP pay schedule, you should consider playing that game vs. the 8/5 JOB. (The reason is because the EV for 8/5 BP is 99.17%, which is greater than the 97.30% EV for the 8/5 JOB game. Also, you can use the JOB playing strategy when playing 8/5 Bonus Poker with very little decrease in EV.)

————————————————————————————————————-

Henry Tamburin is a blackjack and video poker expert. He is the host of the smartgaming.com website and the editor of the Blackjack Insider newsletter (for a free three-month subscription, visit www.bjinsider.com/freetrial). For a free copy of his Casino Gambling Catalog, which contains books, strategy cards, and software for casino players, call toll free 1-888-353-3234, or visit the web store at smartgaming.com.

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Caribbean Stud Poker

The game is based on Five-card Stud Poker, where you play individually against the house, therefore, one deck of 52 cards is used.

For an initial stake or Ante, players receive five cards face down whilst the dealer receives four cards face down and one card face up.

You have two options: If you do not think you can beat the dealer’s hand you may fold and forfeit your Ante. If you think you can beat the dealer’s hand and elect to continue, you are required to have an additional bet, which must be twice your Ante. The dealer requires an Ace and King (which is the smallest possible hand of play), or a pair or higher to make a hand or to open. The dealer then compares their hand against each individual players and the highest poker hand wins.

Winning hands receive a payment of even money on the Ante and payments will be made as per the payout odds on the Bet. If the dealer does not open, all remaining Ante bets are paid even money and each additional Bet is void.

Progressive jackpot

Caribbean Stud Poker also has a jackpot bet which can be placed by the players. Before each game and prior to the dealing of any cards you have the opportunity to participate in the displayed jackpot prize. To do this, place your jackpot wager onto the jackpot betting area adjacent to the regular betting boxes.

This makes you eligible for a jackpot prize, in addition to the regular payment made to a winning bet. You receive a jackpot payout on a qualifying hand regardless of whether the dealer opens or not.

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    Regret Matching.

    Regret matching (RM) is an algorithm that seeks to minimise regret about its decisions at each step/move of a game. As the name suggests, it learns from past behaviours to inform future decisions by favouring the action it regretted not having taken previously.

    In this model, there is both positive regret and negative regret. Where negative regret is defined as you would expect; the regret of having taken a particular action in a particular situation. It means the agent would have done better had it not chosen this action in this situation.

    Garry Kasparov realises his mistake against Viswanathan Anand.

    Positive regret is also as you would expect; it is a mechanism by which the agent tracks actions that resulted in a positive outcome. (I personally think it should be called something else, but whatever.)

    After each game that the Agent plays against itself, the negative and positive regrets that it just experienced in the latest game are added to the summed totals across all other games it has played and it’s new strategy is computed.

    To put it in simple terms, via probabilities, it favours actions that in the past have resulted in positive outcomes and avoids actions that have resulted in negative ones.

    Alongside other learning mechanisms, human beings learn through regret — we will attempt something and if it fails and incurs a negative emotional response, we’ll track this regret and avoid the attempt next time. Using the game of ‘Scissors-Paper-Rock(SPR)’ as an example, if we presented Rock when the opponent’s gesture is Paper, we regret not having chosen Scissor.

    This model moves toward a Nash Equilibrium in a Zero-Sum Game, which for those not versed in game theory is just game where each agent’s win or loss is exactly balanced by the loss or win of the other agent. For example, Scissors, Paper, Rock, is a Zero-Sum Game. When you beat your opponent, you win 1, they lose -1, which totals Zero.

    In the following section, we formalise SPR as a mathematical problem, then we explain the Regret Matching while walking through a Python program that finds Nash Equilibrium strategy in SPR by RM. Regret Matching is not the holistic algorithm currently beating Professional Poker Players, but it is the foundation of that Algorithm.

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