After studying this payout and odds table, it is notable that there is an inequality between the odds and the payouts of some hands despite the fact a Full House is more likely to happen than a straight or a flush, but pays more than these two hands. It is clear from the pay table that hands that are not likely going to happen pay more while hands that are more likely to happen pay less. Despite this, the game is in the favor of the player, which is why it can be only found online or at big land-based casinos. You are surely not going to find them in bars or other small gambling venues.
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.
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.
Following on from the lists above let's take a look at the reasoning behind each of the points. First the do's. The first two points cover learning the best pay table variations for your favorite games and finding them. By playing the best variations you give yourself a good starting point even before you make your first bet. Of course to get the most out of the good pay tables you need to play max coins on every hand and play with perfect strategy.
To get a better understanding of video poker, it is necessary to look back at its history. The first video poker games sprung up in the 1970s. These were physical machines, emerging during the same era as personal computers. The first such machines came from Fortune Bell Company. However, it wasn’t until 1979 that video poker machines began to breach the mainstream.
Obviously, the more you bet, the more you will win for any given hand. With one exception, the win for any given hand and bet is proportional to the amount bet. However, notice that for a royal flush the win is 1000 for a bet of four coins and 4000 for a bet of 5 coins. The disproportionately high payoff of 800 per coin bet for a royal flush, with a five coins bet, is what economists would call an economy of scale. You will see this in almost every video poker game. If you don't bet the maximum number of coins, the cost of being short-changed on a royal amounts to about 2% of money bet, which is a lot. The wise video poker player will always bet max coins per hand.
Not all video poker games are created equal, and it pays to do a little looking around. If you have several online casinos where you like to play, take the time to check pay tables before you start wagering. Those who play in brick-and-mortar casinos should do the same – I’ve often found higher and lower pay tables on the same game in different areas of one casino.
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.
The differences can be quite large. If one site has 9-6 Double Double Bonus Poker (98.98 percent return with expert play), another has 9-5 DDB (97.97 percent) and a third has 8-5 DDB (96.79 percent), think about what that means: In casino No. 1, the house expects to keep $1.02 per $100 in wagers, casino No. 2 expects to keep $2.03 and casino No. 3 expects to keep $3.21.
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.
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.