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.
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.
Double Jackpot Poker is similar to Double Double Bonus Poker because there is a kicker included in the pay table. Four aces with a king, queen or jack pays 800 for 1. Four kings, queens or jacks with an ace, king, queen, or jack pays 400 for 1. A hand with two pairs pays 2 for 1. The full-pay (8/5 meaning a full house pays 8 for 1 and a flush pays 5 for 1) version is the only one to be covered in this guide. It returns 99.63 percent with perfect play and has a variance of 22.4.
Typically, slow and steady is the name of the game in casinos. However, with video poker games, most experts recommend playing the maximum amount of coins for each spin. This increases the number of ways in which you can win each time. However, it’s important to note that bankroll management is also key. Don’t play five coins on a video poker machine which is out of your comfort zone. If necessary, move down to a cheaper slot.
Use a player card, and know the benefits of doing so. Casinos reward points for every penny bet in any machine, and those points can be redeemed for free play or comps. Free play rebates usually run from 0.1% to 0.33%. There are lots of other benefits for using a player card, like discretionary comps, free play mailers, drawings, and tournaments. If you don't use a card, there will be no evidence trail that you played, so you'll never get any of the freebies. This advice goes for any form of gambling. Finally, contrary to popular myth, the machines don't pay worse if you put in a card. The odds are the same whether you use a player card or not.
Video Poker belongs to the small number of casino games, where thousands of players manage not just to make a living playing it, but to end up in possession of tremendous amounts of money. At the same time, tens of thousands of players around the world are in possession of sufficient knowledge of the game, so that they are able to have an astonishing experience during casino vacations, while also being able to take advantage of other benefits – and all that at a much lesser price than retail.
Often when you hold four cards and throw away one, the new card is the same value as the one you threw away. For example, let's say you have 9, 9, 2, 2, 5, you throw away the five, and then you get another five. This might seem to happen way more often than it should. But that's an illusion caused by the human tendency to look for patterns. A good example of how easily our perception can be fooled is to take the awareness test, where you watch a short video and count the number of passes the white team makes. Most people fail. I did.
The minimum hand you need to win is a pair of Jacks. So in this hand we'll hold the Jack, hoping that we'll draw another Jack. We hold the Jack by tapping the picture of the Jack on the screen, or pressing the button for it on the console. Then we'll tap the DRAW button to get four new cards, hoping that one of them is a Jack to match the Jack we held.
All possible resulting hands and pays for a hold of just the ace of hearts must be calculated. The same must then be done for a save of just the 3 of spades, the 4 of hearts, the 5 of clubs, and the king of diamonds. Then the same must be done for each possible hold of two cards. Then the same is done for holds of three cards. The same is done for holds of four cards. Finally the return for a hold of all five cards is calculated. The returns are then compared in order to select the best possible hold (in terms of money returned). The results for each of the over two and a half million possible hands are summarized in order to develop the strategy.
It contained the games that I was specifically looking for, which were Jacks or Better and Deuces Wild; but also contains a total of 23 different poker games - some of which I hadn't played before, but will play in the future after trying them out on WinPoker. I believe that it does have the majority of games included that you see at casinos: Bonus Poker, Double Bonus Poker, etc.
So far we have looked at low variance and moderate variance video poker games. Low variance games have the advantage of a smaller bankroll size requirement and relatively simple video poker strategy. This comes at the cost of playing a somewhat boring game. Moderate variance video poker games are more exciting to play because they have more high paying winning hands. The excitement factor is offset, however, by higher bankroll requirements and somewhat more complex playing strategy.
Online video poker was introduced to casinos in the 1970s as a single-player equivalent to table poker. At the time, it was a bit of a technological marvel and quickly became popular. Today, the game is still played widely for its simple rules, low house edge and the possibility of big wins. Our step-by-step guide will steer you through the rules and variants of video poker so you can get the most out of this exciting casino game.
Video Poker is based on the game of draw poker and has virtually the same rules except that you are not playing against any other players. The machine deals five cards on the screen. The player then has the option of drawing up to five new cards. (In some instances you may not want to draw any new cards) You keep the cards you want to keep by pushing the “hold” button that corresponds to the card on the screen. When you have made your choice you hit the “deal” button and the cards you discarded will be replaced by new cards. Your win or loss is determined by the outcome after of your final hand after you hit the draw button. How much you win is based on the pay table that is posted on the front of the machine.
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.