There are several different versions of video poker, all of which come with extremely favourable odds for the player (even positive expectation by some estimates). See which variants present the best edge with our overview of video poker variants (along with pay-tables). All pay-outs are calculated according to betting five credits and assume ‘optimal’ play.
So far we have only learned about single play video poker games. You bet your credits, you push the deal button and one hand is dealt. You decide which cards of that hand you want to hold and press another button. New cards are dealt to replace the discards. You are now ready to play the next hand. These games are called single play games because you play one hand at a time.
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.
Stick to the proper way of how to play video poker as well as video poker strategy and you won't necessarily be able to become a professional video poker player, but if you're looking for the one casino game besides traditional poker where you can get positive expected value, or at least a very low house advantage giving you hours of play for a very small investment, video poker may be your game.
The popularity of these machines increased until they were an absolute must in any land-based casino. Now, almost every single casino on the Vegas Strip offers its players a number of video slot machines. In the 1990s, with the huge breakthrough in technology, video poker games started to offer better gaming quality and more variations of the game were introduced.
Unlike slot machines, video poker games allow players to have a say in the game they chose to play. Like slot machines, randomness is also involved. The instant the “Bet Max Credits” or the “Deal / Draw” button is pressed the five cards to be dealt are determined based on a random process. After the cards to be held are selected by the video poker player, the cards that replace those not held are also determined by a random process at the instant the “Deal/Draw” button is pressed.
Video poker is a very volatile game, about four times as much as blackjack. In any form of gambling, short-term results mostly depend on normal mathematical randomness (what some might call luck). However, in the long run, results mostly depend on skill. If you play a game with a return of 100.76% perfectly, that does not mean that you will have a 0.76% profit every time you play. The 100.76% is an EXPECTED return. Much in the same way, if you flip a coin ten million times, the expected number of tails will be five million, but it is unlikely you will hit five million on the nose. Actual results will vary significantly from expectations, but the more you play, the closer your actual return percentage will get to the expected return.
Despite the importance of finding the best machines, most players don't. That's why casinos can offer both decent and lousy machines in the same casino and be confident that gamers will still play the lousy ones. They have to keep some good machines, otherwise they'd lose all the players who know what they're doing. But most of the machines will be bad, and most gamers will play them anyway. Heck, in Vegas even casinos and supermarkets have video poker, with absolutely terrible paytables, but people will still play them rather than going across the street to a casino where they can get seven times better odds. Go figure.