For example, take the wizard's strategy generator:
Video Poker Strategy Calculator - Wizard of Odds
Select Jacks or Better and set the Royal to 0 and you get something like:
2 Pair or better
4 SF but not Ace high
High Pair
4 Flush
KQJT offsuit
Pair
4 Straight no gaps
3 SF no gaps or 2 high cards or more
AKQJ offsuit
3 Flush 1 high card or more
KQs, KJs ,QJs
4 Straight Ace high
3 SF with 1 high card
AKs, AQs, AJs
KQJ9 offsuit
3 SF one gap
KQJ offsuit
2 High Cards
1 High Card
3 SF two gaps
draw 5
Wizard shows an EV of 0.979491 and a Variance of 3.72 .
Now, you actually do get royals even with this strategy, so you have to add that back in:
For EV (return/cycle):
800/77,594.06=0.01
For Variance ((return-mean)^2/cycle):
(799)^2/77,594.06=8.23
So, the actual EV is 0.989491 and Variance is 11.95 .
You're only giving up about a half of a percent to maxEV strategy which you will easily make up when you consider longevity, mailers, tax benefits, down time for handpays, better "luck" at drawings, etc. The reduced variance and increased net edge also means a reduced bankroll requirment.
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Posted by: nightoftheiguana2000@yahoo.com
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