Prior to this chapter you have learned everything you need to know about video poker in order to begin live casino or online play. You now know how the various different video poker games work. You learned about bankroll sizes. You learned about strategy charts; how they are developed and how they are used for live casino and online play. You now have all the tools you need to become a successful player of live casino video poker or online video poker for that matter, as all of the information in the guide applies to either.
Pick a game. There are dozens of different video-poker games in casinos. Different games will have different rate of returns, meaning some games, if you win, will give you a higher percentage of your money back and others will give you a lower percentage. A "9/6 Jacks or Better" paytable is the best because the rate of return is 99.54%, meaning the casino only keeps .46% of your money.[1]
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.
Two major factors determine the characteristics of a video poker game. They are the payback, which can also be stated as return or calculated from the house edge, and the variance or volatility. We examined how payback (or return) and house edge are inter-related in the last section. In this section we will look at the other half of what defines a video poker game – variance or volatility.
Like most great casino games, online video poker takes a simple concept that requires a combination of luck and skill. Players who enjoy video poker games are often very passionate about playing these machines. But to get the best odds possible, you’ll need to have a deep knowledge of video poker strategy. This can help you to increase your chances of winning on a consistent basis.
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