Elsewhere on this site I show you how to figure your average loss for an hour of play. In summary, you multiply the house edge by the bet size by the number of rounds per hour. On a 9/6 quarter Jacks or Better machine with proper strategy, that would be 0.5% x $1.25 (remember we're playing 5 coins at a time) x 400 hands per hour = $2.50 per hour. Not bad. Except that the formula doesn't work for video poker in the short term. That's because you'll hit the royal only once every 66 hours on average, and while you're waiting for the royal, the return on the game isn't ~99.5%, it's ~97.5%. So you're more likely to lose 2.5% in the short term rather than 0.5%. So we can expect our hourly loss to be closer to $6.25/hour than $1.25/hour while we're waiting for the royal. Still, $6.25/hour is pretty cheap. On a slot machine your loss would be closer to $40 an hour. So you can see why I'm so eager to switch you from slots to VP.
You learned in chapter 3.5 that progressive video poker has one (the royal flush) or more (other high paying hands such as a four of a kind) jackpots that increase as the game is played. You also learned that as the progressive jackpot increases, the strategy to play video poker changes so that more of the close decisions are decided in favor of saving for the higher paying and less frequent jackpot hand rather than some more frequent but lower paying hands.
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.
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.
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.
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.