There are several different versions of video poker, all of which come with extremely favourable odds for the player (even positive expectation by some estimates). See which variants present the best edge with our overview of video poker variants (along with pay-tables). All pay-outs are calculated according to betting five credits and assume ‘optimal’ play.
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.
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.

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 pay back calculations on all of the pay tables listed on this site are based on the fact that every hand will be played with the correct strategy to achieve the highest possible return. Holding the right cards on every hand is the only way to do this and while this might seem obvious many players still do not follow any strategy when they play video poker.
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.
Paytable: This is the table on the poker screen that shows you how much each hand in a poker game is worth. As previously stated, you'll want to choose a table that has the best paytable, meaning the highest payout for a win. Each paytable will show you how many coins you'll get in return for winning a hand from one coin played to up to five coins played.
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.
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Each card in the Jacks or Better category has a distinct value. A 3 can only count as a 3, a king can only count as a king, and so forth. The lone exception is the ace which can count as the lowest or highest card in a straight or straight flush. Each game in the Wild Card category has one or more cards which can count as a card of any rank or suit. They are called wild cards and hence the name of the category. In the game called Deuces Wild, each deuce (2) is wild. Each can be used as any other card in the deck when it is advantageous to do so. In a Joker Poker video poker game, the joker is the wild card.


Since there are a lot of games that offer different paying hands, gamble features and wild cards, it is essential to check the rules and the paytable of the video poker game before you start playing. Knowing the minimum paying hand is quite important. The names of some video poker games might give you a clue, such as Tens or Better (a pair of tens is the minimum hand) and Jacks or Better (a pair of jacks is the minimum hand). For other games, it is essential to check the paytable and know the minimum paying hand because it will affect your decisions during the game. 

The best video poker machines, played skillfully, offer odds that rival any table game. The basic game, Jacks or Better, in its full-pay version returns 99.5 percent with optimal play over the long haul. Other machines, especially some versions of Deuces Wild, offer a positive expectation to the player -- that is, over the long haul, they'll return more than 100 percent with optimal play.
Caribbean Stud poker is also a 5-card poker game but players must beat a dealer. In this game, players will also place an Ante bet before they are dealt the cards. They will then get 5 cards facing up, while the dealer will get 4 cards facing down and 1 card facing up. Players will then decide if they want to fold or if they wish to call. If they call, they will place another bet that is equal to twice the original bet. If they call, the dealer’s final poker card will be revealed and the showdown will take place. In order for the dealer’s hand to qualify, it has to at least have an Ace and a King. If the hand does not qualify, the player will win regardless of his hand. Some games might also offer a progressive jackpot that is triggered when players achieve a royal flush.
Why do casinos offer games that can be beaten? Because only a very small percentage of players know the basics of proper play. Enough mistakes are made that the casinos actually pay out 2 to 4 percent less than the expectation for skilled players. In competitive markets, casinos walk a tightrope between two choices -- offering a pay table so good that the best players can expect to make a profit in the long term, or offering lower pay tables and risk driving away the weaker players who are the casino's bread-and-butter customers. In less-competitive markets, where the demand for space to play is great, casinos will offer lower-paying machines because they will be played despite the low payoffs.
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.
The strategy below is the Wizard's simplified strategy for Jacks or Better.  You give up just a tiny part of the return (99.46% instead of 99.54%) and in exchange you get a strategy that's much, much easier to learn and remember than the perfect strategy.  The 0.08% penalty costs you only $0.60 per hour of play on average, assuming a quarter machine played at 600 hands per hour.
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.
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