There are at least four published basic playing strategies which when followed will result in a casino's edge of about 5.2 percent. These strategies were developed by Lenny Frome (Expert Strategy for Caribbean Stud Poker), Olaf Vaneura (S7nart Casino Gambling), Stanley Ko (Mastering the Game of Caribbean Stud Poker), and Peter Griffin and John M. Gwynn, Jr. (in their paper, "An Analysis of Caribbean Stud Poker"). Although the recommended strategies by these authors differ slightly in complexity, here is a simple basic playing strategy to get you started:

Make the call bet if:
You have at least a pair or higher.
You have at least an Ace, King, and one of your other cards is the same as the dealer's up card.

If you have neither of the above, your best bet is to fold.
It is possible to mathematically calculate when the progressive jackpot is worth our while-when we as players have positive rather than negative expectation. In games which require a $1 ante bet, the progressive jackpot needs to be about $280,000 in order for players to have a positive expectation. Given a choice it is obviously to your advantage to play this game at a casino where the jackpot exceeds $280,000. The bottom line is to shop around, call a few casinos ahead of time, and play Caribbean Stud poker at the casino that has the highest jackpot.

One final note: Even though the probability is very, very slim that two players at the same table would be dealt royal flushes during the same deal, if it occurred and they both had made the jackpot bet, then casinos have been known to either split the jackpot between the two players, or award the jackpot to the player farthest to the dealer's left while the other player will be awarded the reseeded jackpot (which most likely will be considerably lower in value)