So far in this guide you have learned how video poker started and grew. You have learned the basics of video poker play including return, house edge, and variance. You have learned about how randomness actually works while playing at the casino. You now know how to determine your bankroll size. You may even know what specific video poker game (or games) you want to play. If you do not, you have some idea how different video poker games behave and their major characteristics.
That's a pretty lengthy list for a beginner, but it can be shortened considerably by taking all those three card straight flushes -- open, inside, double inside, with high cards, without high cards -- and lumping them together just below four high cards. That'll cost you a few tenths of a percent, but when you're comfortable with the rest of the strategy, you can start breaking down the categories for more expert play.
Elsewhere on this site I show you how to figure your average loss for an hour of play. In summary, you multiply the house edge by the bet size by the number of rounds per hour. On a 9/6 quarter Jacks or Better machine with proper strategy, that would be 0.5% x $1.25 (remember we're playing 5 coins at a time) x 400 hands per hour = $2.50 per hour. Not bad. Except that the formula doesn't work for video poker in the short term. That's because you'll hit the royal only once every 66 hours on average, and while you're waiting for the royal, the return on the game isn't ~99.5%, it's ~97.5%. So you're more likely to lose 2.5% in the short term rather than 0.5%. So we can expect our hourly loss to be closer to $6.25/hour than $1.25/hour while we're waiting for the royal. Still, $6.25/hour is pretty cheap. On a slot machine your loss would be closer to $40 an hour. So you can see why I'm so eager to switch you from slots to VP.
So it really pays to hunt out the good machines! But it's actually pretty easy, because the readers of a website called VPFree2 scout out the best machines and post their locations on the site. Using that site you can see that you can there are 9/6 Jacks or Better machines on the Strip at Cosmopolitan, New York New York, Riviera, Treasure Island, and others. And in downtown and off-strip casinos, the good games are more common, and available at lower denominations.
You won't get rich from video poker even if a machine pays 100%+. At a fast 600 hands per hour, and $1.25 per hand ($0.25 x 5 coins), that's $750 wagered per hour. If you play perfectly (no mistakes) and realize your 0.77% advantage, that's $5.78/hr. on average. You'll also need several thousand dollars of capital to fund the losses you'll suffer while waiting to hit the royal flush. Yes, if you were capitalized you could play at higher denominations, except 100%+ machines are rarely found at anything but quarters and below.
You learned in chapter 3.4 that the variance of a multiple play game increases as the number of lines played increases. The variance of a single play game is lower than the variance of a three play game. The variance of a five play game is higher than the variance of a three play game, and so on. In this section you will find out specific bankroll sizes for a couple of games at a different number plays for each game.
Of course, you don’t actually have to memorize the strategies in order to play video poker reasonably well. Even if you want to play optimally, you can use visual aids whilst playing online. This is much simpler than trying to play from memory. However, as you play a particular machine more and more, you’ll find yourself relying on these ‘cheat sheets’ less and less. Instead, you’ll begin to notice that you have a better handle on the strategies needed to win on each different type of different video poker game.
The fourth part, finding a liberal pay table, requires some combination of online research and good old walking. A great site for identifying the loose video poker at every casino in Las Vegas, and most of the country, is vpfree2.com. However, any video poker player worth his weight in quarters can identify a loose pay table on sight. Let's take Jacks or Better, for example. All the pays except the flush and full house are usually the same. In any video poker game, it is usually the middle hands that vary. The following table shows what the expected return of the game is for common Jacks or Better pay tables, assuming optimal player strategy.
To get a better understanding of video poker, it is necessary to look back at its history. The first video poker games sprung up in the 1970s. These were physical machines, emerging during the same era as personal computers. The first such machines came from Fortune Bell Company. However, it wasn’t until 1979 that video poker machines began to breach the mainstream.
The play is simple: You're dealt five cards. You decide which ones to keep by tapping the pictures on the screen or pressing buttons on the console. Then you hit the DRAW button and you get replacement cards for the cards you didn't keep. You win if you wind up with a traditional poker hand like two pair, straight, flush, etc. (We'll explain these below for those new to poker.) The amount you win per hand depends on the paytable of the machine you're playing. Here's a sample paytable.