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 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.
As you have learned in the first chapter, one of the main reasons for the popularity of video poker is it usually has a considerably higher payback than slot machines. In fact some games return more than 100 percent for a skilled player. Regardless of which video poker game you play, achieving the long term return percentage is dependent on getting your fair share of royal flushes. By a royal flush I mean the royal flush that really counts – the natural royal flush that is formed without the aid of a wild card. These generally pay 4,000 credits for a five-credit bet or 800 for 1.
Multi-hand video poker games have become popular at online casinos in recent years. This allows you to play up to 100 hands at one from the draw. If, for example, you hold two aces before the draw and play 100 hands, you can play all 100 hands with two aces and three newly drawn cards. This is very beneficial if you are dealt a winning hand before the draw.
I am spending time on this topic for a very good reason. Open straights and straight flushes are always listed higher in a strategy chart because they can be filled in more ways than an inside straight / straight flush. Therefore it is important that you know the difference when you play so you do not inadvertently consider an inside straight / straight flush as though it was open.
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.
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.
This is well worth the price. It helped me to improve my game within the first day of playing (One example: did you know that if you are dealt 2 pairs in Deuces Wild, you should keep only 1 of the pairs and draw 3 cards? You are better off to go for 3-of-a-kind or even 4-of-a-kind than trying for the Full House). It can let you know when you make a mistake, and analyze your play for each game with percentage of correct plays, how much you would have won/lost if you had made all correct plays, and other information.
Double Jackpot Poker is similar to Double Double Bonus Poker because there is a kicker included in the pay table. Four aces with a king, queen or jack pays 800 for 1. Four kings, queens or jacks with an ace, king, queen, or jack pays 400 for 1. A hand with two pairs pays 2 for 1. The full-pay (8/5 meaning a full house pays 8 for 1 and a flush pays 5 for 1) version is the only one to be covered in this guide. It returns 99.63 percent with perfect play and has a variance of 22.4.
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.
We probably won't make the straight flush, but all the occasional times with a hand like this that we turn it into a regular flush, regular straight, or three of a kind -- along with the infrequent straight flush -- make holding the three to a straight flush a better play than throwing everything away and hoping for a miracle from five brand-new cards.