Video poker offers some of the best odds in the casino. It's a good alternative to slot machines since you still have the chance of hitting a big jackpot, but you're about five times more likely to actually get it. Slot players should seriously consider graduating to video poker, because they're much more likely to win that way. The only catch is that to enjoy the good odds, you have to learn the proper strategy. If you just guess then you could easily do worse than with slots. But you came to the right place, because we'll cover strategy here.
You may have heard the adage that the "house always has the advantage." Video poker is an exception to that rule. If you look for the most liberal pay tables, and play them properly, you can have a thin advantage. Some pay tables, which are slightly in the machine's favor, can return over 100%, if you factor in incentives such as cash back, free play, mailers, and other comps.
If you choose the machine on the right, you'll lose your money six times faster! And your chances of winning will be far less. If the reason isn't obvious then consider this: If the player is getting back 99.54% and 97.29%, that means the casino is keeping 0.46% and 2.71%. The casino profit on the second machine is 2.71 ÷ 0.46 = 5.9 times higher.
Think about how normal video poker play goes. After depositing your initial amount, you start playing hand after hand. Most often you lose your bet. The next most frequent occurrence is to simply get your bet returned by hitting a high pair (or sometimes two pairs) that returns 1 for 1. You will also hit other higher paying but less frequent hands. In each case, however, unless you hit a royal flush or other very high paying hand such as four aces with a kicker, the amount you win is not enough to cash out and be considered a good win for the day. Instead, all of these lesser wins are really just extra money that allows you to play a few more hands in order to try to win the jackpot sized hand(s).
Video poker started to appear in 1989 when the Card Bell was developed. This game was a poker machine that paid players instantly by using combinations such as a straight, a flush and so on. In the improved design of the machine, the Skill Draw, a major feature was added — the Hold. The Hold feature has become an integral part of the video poker game of today.
Take 9-6 Double Double Bonus Poker, which returns 98.98 percent with its own special strategy. If you use 9-6 Jacks or Better strategy, the average return is 98.44 percent. For 9-6 Bonus Poker Deluxe, specialize strategy brings 99.64 percent, and JB strategy brings 99.61, while 8-5 Bonus Poker has the same strategy as 9-6 JB and returns 99.16 percent.
Two important points to remember: Don't overbet your bankroll, and if a machine is available at which you feel comfortable playing the maximum number of coins, do so. If you are sitting down to play with $20, you don't belong at a $1 machine that will take up to $5 at a time. It is better to play five quarters at a time than one dollar at a time. Though video poker machines pay back a high percentage of the money put into them, the payouts are volatile. It is not unusual to go five or ten or more consecutive hands with no payout. Don't play at a level at which you do not have the funds to ride out a streak.
Practicing video poker strategy by using a computer program or smartphone / tablet app is far more effective than practicing manually as described in section 7.2. The only real problems that might get in the way of you doing so are that you need a computer or smartphone / tablet and you need the program or application. As mentioned previously, there are several good video poker programs and applications available. They are also quite reasonably priced. If you do not have a video poker application, I strongly suggest you purchase one as soon as you can. You can practice manually for a while until you receive it, so you will not be just sitting around and doing nothing while you wait.
Two major factors determine the characteristics of a video poker game. They are the payback, which can also be stated as return or calculated from the house edge, and the variance or volatility. We examined how payback (or return) and house edge are inter-related in the last section. In this section we will look at the other half of what defines a video poker game – variance or volatility.
There are two popular types of video poker games. The most popular video poker games offer a single player poker experience, including 5-card draw poker games, and can be found in most online or land-based casinos. This type includes Jacks or Better, Tens or Better, Joker Poker, Deuces Wild, Joked and Deuces Wild and Bonus Poker among others. The second type is a casino poker game that involves the player and the dealer, such as Caribbean Stud poker, which can only be found online. Each game has its own gaming procedure and rules.
Video Poker is a game that requires skill and it bridges the gap between slot machines and table games for many players. In most casinos video poker machines, when played correctly, offer a lower house edge than the slot machines. Over the last few years, video poker has been gaining in popularity and the casinos are adding more machines to the gaming floor. When video poker machines first appeared on the casino floors in the late 1970’s the only game offered was Jacks or Better draw poker. Today there are over 100 variations of video poker.
Double Bonus Poker takes Bonus Poker one step farther than previous games presented in this guide and doubles the bonuses for all four of a kind hands. In Double Bonus Poker a hand of four aces pays 160 for one rather than 80 for one. A hand consisting of four 2s, 3s or 4s pays 80 for one rather than 40 for one. Even a hand of four 5s through Kings pays 50 for one rather than 25 for one. Double Bonus Poker is also one of the very few live casino or online video poker games where the full pay version of the game returns more than 100 percent.
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.
Obviously, the more you bet, the more you will win for any given hand. With one exception, the win for any given hand and bet is proportional to the amount bet. However, notice that for a royal flush the win is 1000 for a bet of four coins and 4000 for a bet of 5 coins. The disproportionately high payoff of 800 per coin bet for a royal flush, with a five coins bet, is what economists would call an economy of scale. You will see this in almost every video poker game. If you don't bet the maximum number of coins, the cost of being short-changed on a royal amounts to about 2% of money bet, which is a lot. The wise video poker player will always bet max coins per hand.
After studying this payout and odds table, it is notable that there is an inequality between the odds and the payouts of some hands despite the fact a Full House is more likely to happen than a straight or a flush, but pays more than these two hands. It is clear from the pay table that hands that are not likely going to happen pay more while hands that are more likely to happen pay less. Despite this, the game is in the favor of the player, which is why it can be only found online or at big land-based casinos. You are surely not going to find them in bars or other small gambling venues.
As you have learned in the first chapter, one of the main reasons for the popularity of video poker is it usually has a considerably higher payback than slot machines. In fact some games return more than 100 percent for a skilled player. Regardless of which video poker game you play, achieving the long term return percentage is dependent on getting your fair share of royal flushes. By a royal flush I mean the royal flush that really counts – the natural royal flush that is formed without the aid of a wild card. These generally pay 4,000 credits for a five-credit bet or 800 for 1.