You learned in chapter 3.4 that the variance of a multiple play game increases as the number of lines played increases. The variance of a single play game is lower than the variance of a three play game. The variance of a five play game is higher than the variance of a three play game, and so on. In this section you will find out specific bankroll sizes for a couple of games at a different number plays for each game.
Video poker started to appear in 1989 when the Card Bell was developed. This game was a poker machine that paid players instantly by using combinations such as a straight, a flush and so on. In the improved design of the machine, the Skill Draw, a major feature was added — the Hold. The Hold feature has become an integral part of the video poker game of today.
Winning hands can often be gambled via a ‘higher or lower’ game. UK players will be familiar with this concept as it was used in the popular 70s/80s quiz show ‘Play Your Cards Right’. A single card is dealt and the player must guess if the next card in sequence will be higher or lower. If they choose correctly, their prize is doubled. Choose incorrectly, and all winnings for that hand are lost. Players can usually gamble in this way up to five times in succession.
Actually, this is somewhat of a trick question. If you are talking about a relatively short amount of play, the answer is yes they can do better than players using a proper strategy. As with all things based on randomness, it is possible that someone who plays hunches or bases their hold decisions on the flow of the game can do better than a player how strictly follows the proper strategy in the short term. In the long run, however, the player who uses the strategy will always come out ahead.
Think about how normal video poker play goes. After depositing your initial amount, you start playing hand after hand. Most often you lose your bet. The next most frequent occurrence is to simply get your bet returned by hitting a high pair (or sometimes two pairs) that returns 1 for 1. You will also hit other higher paying but less frequent hands. In each case, however, unless you hit a royal flush or other very high paying hand such as four aces with a kicker, the amount you win is not enough to cash out and be considered a good win for the day. Instead, all of these lesser wins are really just extra money that allows you to play a few more hands in order to try to win the jackpot sized hand(s).
We probably won't make the straight flush, but all the occasional times with a hand like this that we turn it into a regular flush, regular straight, or three of a kind -- along with the infrequent straight flush -- make holding the three to a straight flush a better play than throwing everything away and hoping for a miracle from five brand-new cards.
A straight is a hand with consecutive ranks, like 9? 7? 10? 8? 6?. Notice again that the cards don't have to appear in order. The order of face cards, from lowest to highest, is Jack, Queen, King, Ace, which we abbreviate J, Q, K, A. An ace can also count as 1, to complete a straight where the other cards are 2, 3, 4, and 5. But it can't count as both a low and a high card, e.g., Q K A 2 3.
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.
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.
Video poker is a very volatile game, about four times as much as blackjack. In any form of gambling, short-term results mostly depend on normal mathematical randomness (what some might call luck). However, in the long run, results mostly depend on skill. If you play a game with a return of 100.76% perfectly, that does not mean that you will have a 0.76% profit every time you play. The 100.76% is an EXPECTED return. Much in the same way, if you flip a coin ten million times, the expected number of tails will be five million, but it is unlikely you will hit five million on the nose. Actual results will vary significantly from expectations, but the more you play, the closer your actual return percentage will get to the expected return.