Caribbean Poker
Tips
Many Caribbean Poker players incorrectly advise that A-K-J-8-3 is the borderline hand for raising on an ace/king.
The advice they give is to raise with this hand or better and fold with less, ignoring the dealer's up card.
In fact it is unwise to ignore the dealer's up card.
If you had this hand and the dealer had a queen showing your expected loss would be 1.17108 units,
which is much worse than losing 1 unit by folding.
Many question have been asked about 'playing blind' or always raising regardless of what your hand is.
This is not an advisable strategy if you don't have a qualifying hand!
The dealer will qualify 56.3% of the time,
thus the expected return by raising when you have nothing is .563*(-3) + .437*(+1) = -1.252 which is much less than the -1 you would have by folding.
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