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.
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.
Obviously, the more you bet, the more you will win for any given hand. With one exception, the win for any given hand and bet is proportional to the amount bet. However, notice that for a royal flush the win is 1000 for a bet of four coins and 4000 for a bet of 5 coins. The disproportionately high payoff of 800 per coin bet for a royal flush, with a five coins bet, is what economists would call an economy of scale. You will see this in almost every video poker game. If you don't bet the maximum number of coins, the cost of being short-changed on a royal amounts to about 2% of money bet, which is a lot. The wise video poker player will always bet max coins per hand.
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.
The minimum paying hand is the poker hand that players will have to achieve to be eligible to claim a payout. It differs from one game to another depending on the rules of the game as well as the other features. For example, if a game has a wild card or cards, it will have a higher minimum paying hand, which could be as high as 3 of a kind. This means that if players do not get a three of a kind, they will not qualify for a win. For a Jacks or Better, the minimum hand is a pair of Jacks. For Tens or Better, it is a pair of Jacks, but most games that do not have extra features, the minimum hand is a pair of Jacks.
Progressive games are different than any other type of game presented in this chapter of the guide. Any of the other games presented can be played at any time. The bankroll requirements will be the same. The variance will be the same. The strategy will be the same. They will all be the same regardless of when you start playing the game. They will be the same regardless of how long you play the game. Bankroll size, variance, and strategy will never change for the duration of your play because nothing about the game changes. Each winning hand pays the same for each hand on which it occurs.
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.