In this chapter you learned how video poker strategy charts are created. The process is very computationally intense. By using the math of video poker to create a strategy that maximizes the return of every hand, the resultant strategy will have the highest return possible. You also learned that while there may be scores of lines in a strategy chart, the charts are straightforward to use. In order to properly use a strategy chart the video poker player must know the relative amount paid for each different hand. They must also know how to determine whether a straight or straight flush is a fully open or an inside hand. Having learned how to use a video poker strategy chart, you are ready to learn how to practice playing video poker in order to learn how to play without having to check a strategy chart for each hand. You will learn how to do this in chapter 7.
We think video poker games are far superior to slot machines for various reasons. The most important of these reasons is the better odds that are offered. The best slot machine in a casino probably only has a 94% or a 95% payback percentage. Most video poker games start with that kind of payback percentage, and a huge percentage of these games offer better payouts than that.
It contained the games that I was specifically looking for, which were Jacks or Better and Deuces Wild; but also contains a total of 23 different poker games - some of which I hadn't played before, but will play in the future after trying them out on WinPoker. I believe that it does have the majority of games included that you see at casinos: Bonus Poker, Double Bonus Poker, etc.
The denomination of a video poker game is the amount of money that is counted as one credit. Game denominations can run from as little as one cent up to $100 or more. That is quite a range! Obviously the denomination of the game you play will impact you bankroll requirements. In most cases the impact of the game’s denomination on your bankroll is fairly straight forward. In other cases, not so much. Let’s take a look.
But video poker adds something slot machines don't have -- an element of skill. Players have decisions to make that affect the outcome. And because cards are required to be dealt from a randomly shuffled 52-card deck -- or 53 cards, in the case of Joker's Wild machines -- the possible combinations are known, the frequency of the combinations can be calculated, and an optimal playing strategy can be devised. In fact, when Missouri riverboats opened under a law that forbade games of chance, casinos were allowed to offer video poker, as a game of skill, even though slots, as games of chance, had to wait until voters changed the law.
Strategy for the game of blackjack involves knowing when to take one of four possible actions based on the two cards you are dealt. The four actions are “stand” (play the two cards you are dealt as is), “hit” (take another card to try to better your two cards), “pair split” (if you have two cards of the same rank, make two separate hands out of them by adding another same size bet), or “double down” or simply “double” (add a bet equal to the original bet and take just one additional card). The only information you have to make this decision is your two cards and the card the dealer puts face up.
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.
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.
The process of listing hands with an ever lower average return continues until the average return for the hand is less than the average return for a totally new hand. The word “Redraw” or words to that effect are placed at this point in the strategy chart. This means you will get a higher return by totally replacing your hand than by trying to make something of it. The strategy chart is now complete.