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.
Obviously, the more you bet, the more you will win for any given hand. With one exception, the win for any given hand and bet is proportional to the amount bet. However, notice that for a royal flush the win is 1000 for a bet of four coins and 4000 for a bet of 5 coins. The disproportionately high payoff of 800 per coin bet for a royal flush, with a five coins bet, is what economists would call an economy of scale. You will see this in almost every video poker game. If you don't bet the maximum number of coins, the cost of being short-changed on a royal amounts to about 2% of money bet, which is a lot. The wise video poker player will always bet max coins per hand.
Right after learning the proper strategy, the most important thing about playing video poker is to choose a machine with a good paytable! Here are some pictures I just took in the same casino, same style game, same denomination. The only thing that's different is the paytables. The first one pays 9 & 6 for the full house and flush respectively, and the second one pays only 8 & 5 for those hands.
The game that you should learn first is Jacks or Better. Most of the other games are variations of this one. Although space does not allow me to give you the complete strategy in this article, you can find free strategy charts at The Wizard of Odds for Jacks or Better, Deuces Wild, Double Bonus Poker, and more. Sites like Video Poker Trainer allow you to practice playing online and will correct you when you deviate from the optimal strategy.
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.
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.
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.
If you’re a fan of playing casino games on mobile – and let’s face it, we all are – then you’ll be happy to hear that video poker lends itself perfectly to mobiles and tablets. This is partly due to the fact that the graphics look even better when crammed into a smaller screen. It’s also because providers understand how much players enjoy not just one or two, but a large variety of games. From video poker classics to variants referencing modern pop culture, there are tonnes of video poker games available at hundreds of casino.
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.
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.
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.
There are several different ways to develop a video poker playing strategy. It could be tailored to favor hitting royal flushes. A strategy developed in this way could be useful in video poker tournaments where the participant has a limited amount of time to get a high score in order to win. This type of strategy would see a greater number of royal flushes. It would however also see a smaller return to the player because smaller winning hands would be sacrificed in favor of holding for a royal flush.
Play with five coins. Each video poker machine gives you the option to insert five coins, and to best optimize your chances of winning more, you should play five coins, or max bet. On each play table you should see a chart that shows how many coins you will receive when winning a certain hand of poker. If you play five coins on a Jacks or Better table you can get 45 coins for a full house instead of nine coins. You also will receive a bonus for Royal Flush with a max bet.
Video poker also made one of its great development steps with the emergence of online gambling, as video poker became one of the most popular games in the online world. This transition enabled millions of players to enjoy the game, especially those who did not have a nearby land-based casino or a gambling venue they could visit in order to enjoy a game of video poker. The Internet industry provided players with countless versions of video poker. Some of the leading names in the business are Microgaming, Playtech, Cryptologic, IGT and Betsoft Gaming. These different versions started to include bonus rounds, gamble features, special features, wild cards and more.
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.