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.
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).
Prior to this chapter you have learned everything you need to know about video poker in order to begin live casino play. You now know how the various dierent video poker games work. You learned about bankroll sizes. You learned about strategy charts; how they are developed and how they are used for live casino play. You now have all the tools you need to become a successful player of live casino video poker – or even online video poker for that matter.
Each card in the Jacks or Better category has a distinct value. A 3 can only count as a 3, a king can only count as a king, and so forth. The lone exception is the ace which can count as the lowest or highest card in a straight or straight flush. Each game in the Wild Card category has one or more cards which can count as a card of any rank or suit. They are called wild cards and hence the name of the category. In the game called Deuces Wild, each deuce (2) is wild. Each can be used as any other card in the deck when it is advantageous to do so. In a Joker Poker video poker game, the joker is the wild card.
The same games that players can enjoy in brick-and-mortar establishment are also available at online sites. Video poker games offer the same great odds and exciting, strategic gameplay whether you play them in person, or if you opt for video poker online instead. This makes them an excellent choice for any online gamblers who like playing games where they have an input on every hand.
The best video poker machines, played skillfully, offer odds that rival any table game. The basic game, Jacks or Better, in its full-pay version returns 99.5 percent with optimal play over the long haul. Other machines, especially some versions of Deuces Wild, offer a positive expectation to the player -- that is, over the long haul, they'll return more than 100 percent with optimal play.
Find the good games. The VP games with the best paytables are findable, but they're rare. Naturally the casinos prefer that you play the stingier machines. In general, the Strip casinos have the worst machines, and everywhere else it's better -- off-strip, downtown, and locals casinos. But while good machines are rare on the Strip, some do exist. VPFree2 can help you find the good-paying machines.
It is not enough to just know the payback of a video poker machine. In order to achieve the maximum return, you must play the game using a set mathematical strategy. It is very important that you learn the strategy for each game and play them correctly. Making a few mistakes in strategy when playing can increase the house edge against you. Each video poker game has its own strategy. For example, you can not use the strategy for Jacks or Better when playing Deuces Wild.
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.
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.
Right after learning the proper strategy, the most important thing about playing video poker is to choose a machine with a good paytable! Here are some pictures I just took in the same casino, same style game, same denomination. The only thing that's different is the paytables. The first one pays 9 & 6 for the full house and flush respectively, and the second one pays only 8 & 5 for those hands.
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.