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.
Because video poker is basically the integration of poker and slot machines, its history can be traced back to the invention of the slot machines itself. Charles Fey is the father of the slot machine. His slot machines had numbers on it and not poker hands. These coin-operated machines were developed in the U.S. in the 1800s and were very popular in saloons and cigar stores, especially in San Francisco.
The Jacks or Better category is named for the lowest paying winning hand – a pair of jacks or better. Each game in the Jacks or Better category has a pay table with all the same winning hands as the original Si Redd produced game. They are the royal flush, straight flush, four of a kind, full house, flush, straight, three of a kind, two pairs, and a high pair of jacks or better. The games also all play similar to the table game of draw poker, that is, five cards are dealt, the player can discard any or all of them and the discards are replaced with new cards.
We have taken great strides in creating an algorithm that helps determine the best video poker bonuses for players to take advantage of online. This bonus table takes into account several factors, including wagering requirements, the amount offered, whether the casino is reputable or not, and more. Based on these criteria, we feel the best video poker bonuses are below.
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 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.