It is not enough to just know the payback of a video poker machine. In order to achieve the maximum return, you must play the game using a set mathematical strategy. It is very important that you learn the strategy for each game and play them correctly. Making a few mistakes in strategy when playing can increase the house edge against you. Each video poker game has its own strategy. For example, you can not use the strategy for Jacks or Better when playing Deuces Wild.
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.
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.
Playing hunches or streaks may work for a hand or two (or possibly even a session or two), but far more often these tactics will not work. In fact, by employing these types of playing strategies, you will end up giving the casino even more of your hard earned money than you need to. Only by using mathematically derived video poker playing strategies will you get every cent you can from your video poker play over the long run.
The denomination of a video poker game is the amount of money that is counted as one credit. Game denominations can run from as little as one cent up to $100 or more. That is quite a range! Obviously the denomination of the game you play will impact you bankroll requirements. In most cases the impact of the game’s denomination on your bankroll is fairly straight forward. In other cases, not so much. Let’s take a look.
Absolutely fantastic software for anybody who loves video poker (such as I do). All of the most popular games are on it and it has triple play and five play. You can set it in a mode that warns you every time you don't play the optimal strategy (if you want to). I bought it a couple of weeks ago and have been playing it every night for relaxation and education. I highly highly recommend it.
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.
The strategy when playing video poker online starts when you choose which of your initial cards you want to hold, and which you would like to discard. Once you’ve locked in your selections, the cards you’ve chosen to discard will be replaced with new cards from the deck. The resulting hand will be final, and if you’ve made a winning combination of cards, you will receive your payout before moving on to your next hand.

So all this is another reason why I advertise Bovada, and have done so for over ten years.  They use industry-standard software, it's absolutely fair, and players get their payouts, consistently.  I have a choice in whom I advertise, so I purposefully picked a casino with a good reputation where I'm confident my readers will have a good experience.
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.
The strategy when playing video poker online starts when you choose which of your initial cards you want to hold, and which you would like to discard. Once you’ve locked in your selections, the cards you’ve chosen to discard will be replaced with new cards from the deck. The resulting hand will be final, and if you’ve made a winning combination of cards, you will receive your payout before moving on to your next hand.
But video poker adds something slot machines don't have -- an element of skill. Players have decisions to make that affect the outcome. And because cards are required to be dealt from a randomly shuffled 52-card deck -- or 53 cards, in the case of Joker's Wild machines -- the possible combinations are known, the frequency of the combinations can be calculated, and an optimal playing strategy can be devised. In fact, when Missouri riverboats opened under a law that forbade games of chance, casinos were allowed to offer video poker, as a game of skill, even though slots, as games of chance, had to wait until voters changed the law.
Winning a slot machine jackpot is based solely on luck. You put your money in the machine, hit the spin button and hope that Lady Luck will invite you to dance. There are no decisions to make that will change the outcome of the spin. On the other hand, many table games require skill and the decisions you make can determine whether you win or lose. Most table games when played properly have a lower house edge than the slot machines. Knowledgeable Blackjack players know that learning basic strategy will reduce the house edge to less than one percent.
The strategy below is the Wizard's simplified strategy for Jacks or Better.  You give up just a tiny part of the return (99.46% instead of 99.54%) and in exchange you get a strategy that's much, much easier to learn and remember than the perfect strategy.  The 0.08% penalty costs you only $0.60 per hour of play on average, assuming a quarter machine played at 600 hands per hour.
The strategy below is the Wizard's simplified strategy for Jacks or Better.  You give up just a tiny part of the return (99.46% instead of 99.54%) and in exchange you get a strategy that's much, much easier to learn and remember than the perfect strategy.  The 0.08% penalty costs you only $0.60 per hour of play on average, assuming a quarter machine played at 600 hands per hour.
JOKER POKER – Also know as ‘Joker’s Wild’, is played with a deck containing 53 cards in which one of them is a joker and can be used as any card when drawn. The lowest possible winning hand is a pair of kings, and Five of a Kind and a Wild Royal Flush are added to the the mix just as with Deuces Wild. Again, if the pay table is set correctly, the player actually has a 0.64 percent edge over the house with perfect strategy. There are also self-explanatory sub-variations of Joker Poker known as Kings or Better, or Two Pairs or Better.
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.

But that is where the similarity with random slot machine play ends. The video poker player has total control over the initial five cards that have been dealt. It is his or her choice what to do with those five cards. The decisions about whether to keep all of them, discard all of them, or anything in between is totally theirs. It is actually totally yours. After all, you are the one reading and learning from this guide.
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In the right circumstances, however, the player sometimes will break up a flush, a straight, or a pair of jacks or better. If you do not have one of the "always keep" hands, use the following list. Possible predraw hands are listed in order. Find the highest listing that fits your predraw hand, and discard any cards that do not fit the hand. For example, if your hand includes jack of spades, jack of diamonds, 10 of diamonds, 9 of diamonds, and 8 of diamonds, you have four cards to an open straight flush in diamonds, and you also have a pair of jacks or better. The four-card open straight flush is higher on the list than the pair of jacks or better, so you would discard the jack of spades and draw to the four-card straight flush. You are giving up the certain 1-for-1 payoff for a pair of jacks, but you have a chance at a straight flush with either a queen or 7 of diamonds, could draw a flush with any other diamond, or still could finish with a pair of jacks by drawing the jack of either clubs or hearts.

Video poker offers some of the best odds in the casino. It's a good alternative to slot machines since you still have the chance of hitting a big jackpot, but you're about five times more likely to actually get it.  Slot players should seriously consider graduating to video poker, because they're much more likely to win that way.  The only catch is that to enjoy the good odds, you have to learn the proper strategy.  If you just guess then you could easily do worse than with slots.  But you came to the right place, because we'll cover strategy here.
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. 

So far you have learned from this chapter the personalities of low variance, moderate variance and high variance video poker games. From this information you should have been able to narrow down the type of video poker game you want to play. You then learned about the importance of the denomination of the game you intend to play. With that information firmly in place, let us now take a look at how multiple play games work and some of the pluses and minuses of playing this type of video poker game. In chapter 3.4 you were presented an overview of how multiple play video poker games work. In chapter 4.4 you learned about bankroll requirements for playing multiple play video poker. Now you can supplement that information with what you will learn in this section. By combining everything, you should have a pretty good idea if you would like playing multiple play video poker or if you would rather stick to a single play game.
In the early 1980s, Si Redd and his new International Gaming Technology entered into a licensing agreement with Bally's Manufacturing that gave IGT exclusive rights to manufacture video poker machines. Few people recognized the potential at the time, but that gave IGT the boost it needed to become Bally's main competitor in producing electronic gaming devices. Today IGT and Bally's both produce video poker machines, and their machines take up most of the floor space devoted to electronic gaming devices across the country.
6. Pair of jacks or better. Discard the remaining three cards. Sometimes players who are used to playing table poker want to keep a high-card "kicker" to the pair -- for example, holding an ace along with two queens. Don't hold a kicker in video poker; give yourself the maximum chance to draw a third high card, or even a full house or four of a kind.
6. Avoid this common three-card strategy – Some players keep three cards in an attempt to draw a straight or a flush. This is a losing proposition and should be avoided. Even if you hit a straight or a flush, you’ll have lost too much with this play to make it profitable. Practice Basic Strategy to have a shot at winning. Three cards to a straight flush, however, is a different proposition and should be played as outlined in the list in No. 2.

By now you have all the knowledge you need in order to begin your successful journey playing video poker. You know about how the pay table gives you important information about the characteristics of each game. You understand the importance of having an adequate bankroll and how to determine the proper size of that bankroll. You understand what a strategy chart is and how the video poker strategy is developed in order to allow you, the video poker player, to extract everything that you can from the casinos. You know how to use a strategy chart in order to obtain those results.
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