You will also learn the layout and importance of the pay table, as well as how to properly bet while playing video poker. You will learn and understand payback, return, house (and player) edge. You will learn about the implications of variance, sometimes called volatility. You will also learn what the term random really means when playing video poker.
In most versions of video poker, you will use an electronic interface to bet on a virtually-generated straight poker hand. You begin by making a wager of up to five ‘coins’ (the value of which depend on the game and chosen settings). The more money you are happy to wager, the more you can win. Usually, your winnings are simply multiplied by the amount of cash you gamble, although you may receive a bonus lift if you go the whole hog with five coins.
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.
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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.
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Video poker made its entry to the casino in the seventies; and is today one of the most popular forms of gambling. For the player who likes a game of skill, a low house edge, the possibility of large wins, and the anonymity of playing alone there is nothing else that can compare to video poker. The rules of video poker are simple; you play 1 to 5 coins, the machine give you five cards, you choose which to hold and which to discard, the machine replaces your discards and pays you off according to the value of your hand.
The popularity of these machines increased until they were an absolute must in any land-based casino. Now, almost every single casino on the Vegas Strip offers its players a number of video slot machines. In the 1990s, with the huge breakthrough in technology, video poker games started to offer better gaming quality and more variations of the game were introduced.
Video Poker play is relatively straight forward. The play of the game has similarities to other casino games, but it is definitely more complex than playing slot machines. To properly play a slot machine, you simply bet an appropriate amount to maximize your return from the game and either pull the handle or hit a spin button. There is nothing else to so. While it may be true that some slot machines have a button to immediately stop the spinning and go to the final result, pressing this button does not change the outcome; it only helps you lose your money a bit faster.
Practicing video poker strategy by using a computer program or smartphone / tablet app is far more effective than practicing manually as described in section 7.2. The only real problems that might get in the way of you doing so are that you need a computer or smartphone / tablet and you need the program or application. As mentioned previously, there are several good video poker programs and applications available. They are also quite reasonably priced. If you do not have a video poker application, I strongly suggest you purchase one as soon as you can. You can practice manually for a while until you receive it, so you will not be just sitting around and doing nothing while you wait.
There are five columns in the paytable because your winnings depend on whether you played 1, 2, 3, 4, or 5 coins. Note that there's a bonus for the Royal Flush. Instead of winning 1250 coins (5 coins x 250), you win 4000 coins. So you should always play five coins ("Max Bet") when playing video poker. If you can't afford to play five coins at a time, switch to a lower-denomination machine. (Yes, this is opposite of our advice about slots, and that's because the penalty for not playing max coins in video poker is greater.)
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Since the explosion of video poker popularity in the late 1970s and again when it went online in the 1990s, the casino industry has developed fairly rapidly. Primarily, the progression of casino games that can be played remotely has revolutionised the way we interact with casino games. This is just as true for video poker games as it is for any other casino favourite. From playing free online video poker to learn the ropes, to playing on your mobile in just a few taps, the changes in recent years have had a huge impact on the game.
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.
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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.
You learned in chapter 3.4 that the variance of a multiple play game increases as the number of lines played increases. The variance of a single play game is lower than the variance of a three play game. The variance of a five play game is higher than the variance of a three play game, and so on. In this section you will find out specific bankroll sizes for a couple of games at a different number plays for each game.