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:
Right after learning the proper strategy, the most important thing about playing video poker is to choose a machine with a good paytable! Here are some pictures I just took in the same casino, same style game, same denomination. The only thing that's different is the paytables. The first one pays 9 & 6 for the full house and flush respectively, and the second one pays only 8 & 5 for those hands.
The wild card is a feature that is offered at some, but not all, of the video poker variants. The wild card is always the Joker or the Deuce. This wild card can be substituted for any other card from the deck in order to help players achieve a winning poker hand. In Deuces Wild, for example, the wild card is the 2, which is where name of the game comes from. Another game is Joker Wild, where the Joker is the wild card. Some games might have more than one wild card, such as Joker and Deuces Wild. In this game, the 2 and the Joker are wild cards.
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.
Once I put $100 into a $0.25 machine and played it for a while. I played it down to zero credits, and then I hit Four of a Kind, which saved me. I played that down to zero again, and then I hit Four of a Kind again. I played it down to zero credits a third time, and then hit Four of a Kind a third time! But that was the end of my luck. I didn't get it a fourth time, I just went bust. Still, that was pretty unusual.
You can usually sign up for these clubs online or by visiting a club booth at the specific casino. Then, when you visit your casino make sure you bring your card and you can usually place them into a card reader slot. Depending on the casino you can rack up points for different things. For example, at one casino you may earn points for the hours you play, or the amount of money that you bet while playing. Then, a certain number of points will give you an amount of money. At one casino, 100 points may give you $1.00. As you gain more points you may be able to pay for things like meals.
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.
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.