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 don'ts are mainly related to making sure you do not end up losing more than you can afford when playing. If you have lost your daily budget it is important to call it quits for the day. Chasing your losses is a bad idea as it can lead to even more losses. You should also avoid drinking too many alcoholic beverages as this can lead to making strategy mistakes and bad decisions.
Know how to play a basic game. Video poker is simple and similar to regular poker in that you are aiming for a hand that will give you the most return. To play video poker you will tap on the cards you wish to keep or on a button on the console, and then draw cards you wish to replace. You win by having a traditional poker hand, and the amount you win is determined by the machine you are playing on.
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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.
Enough Americans have an easy familiarity with the rank of poker hands that video poker has become one of the most popular casino games. As gambling markets mature and players become more experienced, the demand for video poker has tended to become stronger. In Nevada, casinos with a clientele of locals devote more than 50 percent of slot space to video poker, and there are video poker bars that offer few other gambling options. The major resorts that cater to tourists turn a lower percentage of space to video poker, about 10 percent to 15 percent. That's about the percentage you'll find in other United States gaming destinations. In Missouri, as soon as voters allowed games of chance, about 80 percent of slot space was turned over to reel slots.
There are five columns in the paytable because your winnings depend on whether you played 1, 2, 3, 4, or 5 coins. Note that there's a bonus for the Royal Flush. Instead of winning 1250 coins (5 coins x 250), you win 4000 coins. So you should always play five coins ("Max Bet") when playing video poker. If you can't afford to play five coins at a time, switch to a lower-denomination machine. (Yes, this is opposite of our advice about slots, and that's because the penalty for not playing max coins in video poker is greater.)
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.
One nice thing about video poker is you can know the return of the machine even before you start playing. On a typical video poker game, the casino's average profit on each play is about 3%. That's called the house edge. The return is the part that's returned to the player. So if the casino gets 3% of all money bet, the players get back 97% of all money bet. The return on a video poker machine is determined by the paytable. Just compare the paytable to the list at Wizard of Odds and you'll see that, for example, the Jacks or Better paytable above means that the return on that machine is 99.54%. If the paytable showed only 8 coins for the full house and only 5 for the flush, it would be a 97.3% machine.
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.
But that is where the similarity with random slot machine play ends. The video poker player has total control over the initial five cards that have been dealt. It is his or her choice what to do with those five cards. The decisions about whether to keep all of them, discard all of them, or anything in between is totally theirs. It is actually totally yours. After all, you are the one reading and learning from this guide.
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.
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.