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.
There are three viable ways to play this hand: keep the low pair, keep the three to the royal, or keep the four to the flush. Some beginners might also suggest keeping the low pair with the ace kicker. In real draw poker, you sometimes should keep a kicker, but NEVER in video poker. In this case, we can see the low pair is listed 9th, the three to the royal is listed 7th, and 4 to a flush comes in at 8th. The three to the royal is listed highest of the three, making it the best play.
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.
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.
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.
The way video poker strategies are usually expressed is a list of hands you might get on the deal, in order from best to worst. For any given hand, look up all viable ways to play it on the list and go with the one that is listed first. If you don't see a play listed, like suited 10/A, then never play it. Here is such a strategy for Jacks or Better.
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.
Why do casinos offer games that can be beaten? Because only a very small percentage of players know the basics of proper play. Enough mistakes are made that the casinos actually pay out 2 to 4 percent less than the expectation for skilled players. In competitive markets, casinos walk a tightrope between two choices -- offering a pay table so good that the best players can expect to make a profit in the long term, or offering lower pay tables and risk driving away the weaker players who are the casino's bread-and-butter customers. In less-competitive markets, where the demand for space to play is great, casinos will offer lower-paying machines because they will be played despite the low payoffs.
Actually, this is somewhat of a trick question. If you are talking about a relatively short amount of play, the answer is yes they can do better than players using a proper strategy. As with all things based on randomness, it is possible that someone who plays hunches or bases their hold decisions on the flow of the game can do better than a player how strictly follows the proper strategy in the short term. In the long run, however, the player who uses the strategy will always come out ahead.
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.