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.
As you learned in chapter one, this game and others that followed were developed to satisfy the gambling public’s quest for larger jackpots. Jacks or Better has only the royal flush as a true jackpot. In that game any four of a kind pays enough for you to play 25 additional hands so they are not really jackpots, although it really helps out. Bonus Poker on the other hand pays 80 for one for four aces. On a quarter machine this amounts to $100 with five credits played. While this is not a huge jackpot, it is enough to make you feel like you have won something substantial and you may even decide to stop playing at that point with what you consider a nice win for the session. Also, where the royal flush happens only once every 40,000 hands or so, four aces will occur roughly once every 5,100 hands, which is eight times as often. Playing at a rate of 500 hands per hour, the Bonus Poker player will get four aces once every 10 hours of play, on average.
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.
Holding cards based on what you feel is correct or holding based on the flow of the cards are both technically strategies. But the video poker game manufacturers set up pay tables based on the math of the game so the casinos will be sure to make a profit from them. Therefore in order for you to make the most of your video poker playing experience, you need to use a strategy that is based on the same math.
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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.
So far you have learned how video poker started and grew. You have learned the basics of video poker play including return, house edge, and variance. You have learned how randomness actually works. You have also learned about several categories of video poker games that are available today. Plus you now know some methods of determining how large a bankroll you will need to play your video poker game of choice.
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.
There are two popular types of video poker games. The most popular video poker games offer a single player poker experience, including 5-card draw poker games, and can be found in most online or land-based casinos. This type includes Jacks or Better, Tens or Better, Joker Poker, Deuces Wild, Joked and Deuces Wild and Bonus Poker among others. The second type is a casino poker game that involves the player and the dealer, such as Caribbean Stud poker, which can only be found online. Each game has its own gaming procedure and rules.
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.
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.
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.