Each VP variety and paytable has its own strategy. The strategy for Jacks or Better is different from that for Deuces Wild, and within each style of machine, each paytable can have its own strategy. Learning all those strategies is tedious, so I recommend you figure out which video poker game you like best, and then learn the strategy for it. If you get bored with that game then you can learn another strategy at that time. For now, let's start out with an lesson on Full-Pay Jacks or Better. I chose this game because:
You learned in chapter 3.5 that progressive video poker has one (the royal flush) or more (other high paying hands such as a four of a kind) jackpots that increase as the game is played. You also learned that as the progressive jackpot increases, the strategy to play video poker changes so that more of the close decisions are decided in favor of saving for the higher paying and less frequent jackpot hand rather than some more frequent but lower paying hands.
To be clear, Bovada's not perfect. Once they got duped by a vendor (Betsoft) who provided progressive slots whose jackpots weren't winnable. When I discovered this I alerted Bovada, and they pulled all the Betsoft games from the site, but I thought they were slow to do so and didn't offer proper restitution to affected players. Still, even with this incident, their overall history is better than most; as just one example, there are many other casinos still offering Betsoft's questionable games.
The Jacks or Better category is named for the lowest paying winning hand – a pair of jacks or better. Each game in the Jacks or Better category has a pay table with all the same winning hands as the original Si Redd produced game. They are the royal flush, straight flush, four of a kind, full house, flush, straight, three of a kind, two pairs, and a high pair of jacks or better. The games also all play similar to the table game of draw poker, that is, five cards are dealt, the player can discard any or all of them and the discards are replaced with new cards.
You will also learn the layout and importance of the pay table, as well as how to properly bet while playing video poker. You will learn and understand payback, return, house (and player) edge. You will learn about the implications of variance, sometimes called volatility. You will also learn what the term random really means when playing video poker.
One nice thing about video poker is you can know the return of the machine even before you start playing. On a typical video poker game, the casino's average profit on each play is about 3%. That's called the house edge. The return is the part that's returned to the player. So if the casino gets 3% of all money bet, the players get back 97% of all money bet. The return on a video poker machine is determined by the paytable. Just compare the paytable to the list at Wizard of Odds and you'll see that, for example, the Jacks or Better paytable above means that the return on that machine is 99.54%. If the paytable showed only 8 coins for the full house and only 5 for the flush, it would be a 97.3% machine.
These games can be enjoyed at land-based casinos on video poker machines that look a lot like slot machines. Online casinos also offer video poker as all the major software developers have their own variants players can enjoy online through their computers in the comfort of their own home. Most of the video poker versions adopt the 5-card poker game rules as players will get 5 cards and they will choose to discard cards and get replacement cards in order to form the final poker hand. The only difference is that there are no wagering rounds in between the dealt cards as players will only place a wager at the beginning.
A straight is a hand with consecutive ranks, like 9? 7? 10? 8? 6?. Notice again that the cards don't have to appear in order. The order of face cards, from lowest to highest, is Jack, Queen, King, Ace, which we abbreviate J, Q, K, A. An ace can also count as 1, to complete a straight where the other cards are 2, 3, 4, and 5. But it can't count as both a low and a high card, e.g., Q K A 2 3.
Well, the charts on our site are on roughly accurate to within 0.1% of perfect play. So, if you find that game that returns 100.5%, you would be actually earning about 100.4% with our charts - not too bad. Not many charts get much closer than 0.1% because they would have to be extremely long and complicated to explain the subtle differences in rare hands.