You may have heard the adage that the "house always has the advantage." Video poker is an exception to that rule. If you look for the most liberal pay tables, and play them properly, you can have a thin advantage. Some pay tables, which are slightly in the machine's favor, can return over 100%, if you factor in incentives such as cash back, free play, mailers, and other comps.
The play is simple: You're dealt five cards. You decide which ones to keep by tapping the pictures on the screen or pressing buttons on the console. Then you hit the DRAW button and you get replacement cards for the cards you didn't keep. You win if you wind up with a traditional poker hand like two pair, straight, flush, etc. (We'll explain these below for those new to poker.) The amount you win per hand depends on the paytable of the machine you're playing. Here's a sample paytable.
There are several different versions of video poker, all of which come with extremely favourable odds for the player (even positive expectation by some estimates). See which variants present the best edge with our overview of video poker variants (along with pay-tables). All pay-outs are calculated according to betting five credits and assume ‘optimal’ play.
In the early 1970s, when video poker was introduced and was still struggling for acceptance, the machines were usually referred to as "poker slots." And video poker has a lot in common with slot machines. They are easy to use, requiring no interaction with a dealer or with other players. Card combinations, like slot reels, are governed by a random-number generator.
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:
After they place the wager, they will click on a button that says “Deal.” They will then get a poker hand that consists of 5 cards. Players will look at these cards and then decide which cards they want to hold and which cards they want to discard. They can choose the cards they want to hold by clicking on the cards themselves or the button that says “Hold” under each card. When they are done choosing the cards, they will click on “Draw.” They will then get replacement cards for the cards they did not hold which will form the final 5-card poker hand. Players will then be paid according to the paytable of the game and the bet that they have placed at the beginning.
4. Play Deuces Wild and turn the tables – While Jacks or Better may be the most common video poker game, players can actually gain nearly a 1 percent edge on a full pay Deuces Wild machine. Look for games that pay 9 coins for a straight flush and 5 for four of a kind. Play perfect Basic Strategy and suddenly you’re in the driver’s seat. A variation is an 11/4 machine, also a nice option for good players — with a miniscule house edge of only .004 percent.
Because video poker is basically the integration of poker and slot machines, its history can be traced back to the invention of the slot machines itself. Charles Fey is the father of the slot machine. His slot machines had numbers on it and not poker hands. These coin-operated machines were developed in the U.S. in the 1800s and were very popular in saloons and cigar stores, especially in San Francisco.
As you learned in section 6.2, the arrangement of a video poker strategy chart is different. The list contains the card(s) to hold in the first five card hand that you are dealt. The top line contains the cards to hold that give the highest average return. Each line below that has the cards to hold that will produce the next highest average return. This continues until the player is better off discarding the entire first hand rather than holding anything at all.