Video Poker: Why People Lose More Than They Should

Ask any casino executive and they'll tell you that video poker is a real money maker for the house. Yet, many video poker games feature a house edge of less than one percent, and others still can actually yield over a 100% payback if the player uses an optimal playing strategy. Thus, the question needs to be asked: How can these to seemingly contradictory facts be reconciled?

The answer lies in the fact that the optimal strategy for many video poker games is counter-intuitive. Sure, there are plenty of hands that everyone plays optimally; if someone is dealt the As Ks Qs Js 3h, for instance, you will search long and hard before you find a video poker player who would insist on discarding four and keeping the three of hearts. But there are are myriad hands where what would appear to be the correct strategy actually costs the player money. And in some cases this loss can be significant.

To better illustrate let's look at a game that most of us are familiar with; Jacks or Better. At first glance this game looks like a breeze to play. There are only nine hands that qualify for a payback, and it's usually pretty easy to tell when you have a draw to one of those nine hands. Yet everyday video poker players across the nation are throwing money away by making poor (yet 'intuitively correct') playing decisions. Let's look at a few different hands, and see how the optimal strategy varies from the intuitively correct strategy.

Mistake 1) Keeping 'Ace-face card-face card' instead of just holding the two face cards.

You see this play made all the time, and yet few players know what a disaster it really is. The idea behind keeping the ace is that you have a better chance of making an ace-high straight, and you also have three high cards that you can try to pair up on the draw. However, by keeping the ace you're eliminating your chances of making four of a kind or a full house, and reducing your chances of making two pair. The slight gain you receive through your increased chances of making a straight don't begin to compensate for these other significant losses.

Mistake 2) Not trying enough long shot draws at the straight flush.

The straight flush may be the most misunderstood hand in Jacks or Better. It doesn't come around very often, and it doesn't have the sex appeal of the royal flush, and as a result most players neglect it. When dealt a hand like the 9c 7c 5c 3s 2d many players will simply discard all five and redraw. The assumption here is that the straight flush will almost never come in, so they would rather 'cut their losses' and try to pick up a big pair on the redraw.

Again, this makes sense at first glance. Yet what is forgotten in this kind of analysis is that by keeping the 9c 7c 5c the player also has a chance at a straight or a flush. Now it's true that a draw like this isn't a real moneymaker. But it will still pay more, in the long run, than drawing five new cards.

Mistake 3) Keeping a suited AT as opposed to just keeping the ace.

This is one of the most common mistakes made by video poker players at Jacks or Better. Now I'll be the first to admit that holding the ace and the ten is far more fun then just drawing to the ace. After all, when you hold the ace and the ten you have at least a small chance of something really good happening; namely, hitting the royal on the draw. You also have a better chance of making a straight or a flush. Yet as with the hand we examined in Mistake #1 these gains do not outweigh your decreased chances of making four of a kind, three of a kind or a big pair. If you want to play optimally you'll have to discard that ten; I know it's tough, but it must be done!

These are three of the most vivid examples of poor play, although there are plenty of other mistakes that a video poker player frequently makes in the course of a playing session. If your goal is to reduce the house edge as much as possible I recommend picking up a book that contains charts detailing the finer points of optimal play. There are a number of books like this out on the market, and they're definitely worth the sticker price. Pore over the charts, and compare the plays they recommend with the plays you're currently making. I guarantee it will be a real eye-opening experience.

Guy Downs has been an advantage gambler for eight years. You can find more of his video poker advice at http://www.ilovevideopoker.com

In The News:


Google News
Updated : Sat, 11 Oct 2008 11:50:43 GMT

Morgan Stanley, Goldman May Gain Investment From US Treasury - Bloomberg


Wall Street Journal Blogs
Morgan Stanley, Goldman May Gain Investment From US Treasury
Bloomberg - 7 hours ago
By Christine Harper Oct. 11 (Bloomberg) -- Morgan Stanley and Goldman Sachs Group Inc., the biggest independent US investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson's plan to buy stakes in financial institutions, ...
As Stock Falls, Morgan Looks to Japanese Bank New York Times
Morgan Stanley hangs on Mitsubishi's $9bn pledge guardian.co.uk
Forbes - New York Post - New York Times Blogs - Barron's
all 895 news articles

Publ.Date : Sat, 11 Oct 2008 04:30:39 GMT

Palin violated ethics law, inquiry concludes - International Herald Tribune


Washington Post
Palin violated ethics law, inquiry concludes
International Herald Tribune - 1 hour ago
By Serge F. Kovaleski NEW YORK: Sarah Palin, the Republican vice-presidential candidate, abused her powers as governor of Alaska by pressuring subordinates to try to get her former brother-in-law, a state trooper, fired, according to an investigation ...
Palin ethics lapse cited Los Angeles Times
Alaska probe finds Palin 'abused her power' Indian Express
Baltimore Sun - Boston Globe - New York Times - Reuters
all 4,043 news articles

Publ.Date : Sat, 11 Oct 2008 09:58:28 GMT

Thai protest leaders released on bail, vow new rallies - AFP


GulfNews
Thai protest leaders released on bail, vow new rallies
AFP - 20 hours ago
BANGKOK (AFP) - Leaders of Thai anti-government protests were granted bail Friday after surrendering to police and immediately vowed new rallies, raising fears of mounting turmoil days after deadly street clashes.
Video: Raw Video: Tear Gas Fired at Thai Protestors AssociatedPress
PAD leaders surrender to Thailand police United Press International
The Associated Press - Washington Post - New York Times - International Herald Tribune
all 2,495 news articles

Publ.Date : Fri, 10 Oct 2008 15:31:03 GMT

McCain calms supporters, urges respect for Obama - Los Angeles Times


The Associated Press
McCain calms supporters, urges respect for Obama
Los Angeles Times - 2 hours ago
'NO MA'AM': Sen. John McCain takes a question from a supporter who called Democratic rival Barack Obama an Arab at a town hall meeting in Lakeville, Minn.
McCain-Palin's hot rhetoric risks GOP backlash San Francisco Chronicle
McCain Lauds and Attacks Obama in Same Day New York Times
Boston Globe - Washington Post - Minneapolis Star Tribune - Reuters
all 460 news articles

Publ.Date : Sat, 11 Oct 2008 09:04:20 GMT

Stevens's Reputation 'Sterling,' Powell Says - Washington Post


Washington Post
Stevens's Reputation 'Sterling,' Powell Says
Washington Post - 8 hours ago
By Del Quentin Wilber Former secretary of state Colin L. Powell told jurors in the corruption trial of Sen. Ted Stevens yesterday that the powerful Alaska Republican had a "sterling" reputation among the nation's military and political leaders.
Reporter's Notebook: Powell Takes the Stand for Stevens FOXNews
Powell says Sen. Stevens' integrity "sterling" Reuters
CNN - Kansas City infoZine - The Miami Herald - ABC News
all 2,865 news articles

Publ.Date : Sat, 11 Oct 2008 03:13:53 GMT

Paulson Indicates Need to Purchase Bank Equity `Soon as We Can' - Bloomberg


Ottawa Citizen
Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'
Bloomberg - 7 hours ago
By John Brinsley and Rebecca Christie Oct. 11 (Bloomberg) -- US Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial markets will remain volatile.
US to buy shares in struggling banks Los Angeles Times
Obama welcomes Paulson plan to buy equity in firms Reuters
MarketWatch - International Herald Tribune - Bizjournals.com - Washington Post
all 2,114 news articles

Publ.Date : Sat, 11 Oct 2008 04:21:05 GMT

Mugabe Hands Ministries to His Party - New York Times


Voice of America
Mugabe Hands Ministries to His Party
New York Times - 52 minutes ago
By CELIA DUGGER JOHANNESBURG - In a step likely to lead to the collapse of a painstakingly negotiated power-sharing deal, Zimbabwe's Robert Mugabe, in office for 28 years, has unilaterally declared that his party will retain the most powerful ...
Mugabe 'gives Zanu-PF key posts' BBC News
Zimbabwe's Mugabe hands key ministries to his party Reuters
United Press International - AFP - Aljazeera.net - The Associated Press
all 1,687 news articles

Publ.Date : Sat, 11 Oct 2008 10:57:49 GMT

Clickbank Content
Earn Money With Surveys


PARLOT::Ebooks, Scripts, Websites, and more...

Adsense websites

Handicapping the NFL Pre-season

It never ceases to amaze me just how many sports... Read More

Slot Machines - Good and Bad Locations

Although no one will ever truly know where the casinos... Read More

The Truth Behind The Limits: What Minimum and Maximum Bets Are About

Have you ever thought about the reason behind the existence... Read More

As Poker Goes Hollywood Hansen is Seen as Icon

In People magazine's December 2004 issue, Gus Hansen was voted... Read More

Poker Aces ? how to play them

Poker Aces refers to two aces dealt pre-flop. It is... Read More

Tips On How To Gamble

How would you like to have your name on a... Read More

Gambling Stories 101

A win at a gambling table can be fun narrating.... Read More

You Can Make Poker Less Painful (or--A Pain in the Arse can be Removed ...without Surgery)

As you will read in this article, the removal of... Read More

How to Play Two Pairs in Draw

The most perplexing holding in draw poker is two pairs.... Read More

Understanding The Logistics of Poker Tournaments

Tournaments are poker competitions where all of the players play... Read More

How To Have The Most Fun Playing Holdem Poker At Home

Holdem poker is taking the country by storm as one... Read More

Gambling Addiction Affects More Then Just The Compulsive Gambler

At one point in time our society believed that gambling... Read More

Roulette: The Game of Remarkable Comebacks

In casino gambling, sometimes even the most knowledgable players turn... Read More

The Secret of Protecting Your Pass Line Bet

Pssst...! Wanna know a secret?How about the secret of protecting... Read More

Online Poker Gambling Sees Tremendous Growth

Online poker gambling at casinos and poker rooms is one... Read More

Craps 101: What You Need to Know About

Alternatively called as Hazard, Craps has been here since centuries.... Read More

Online Gambling Casinos - Wear Your Thinking Cap and Prosper

I receive many emails each week from people who deposited... Read More

Asian Gambling Basics

Gambling became popular in China in the last phase of... Read More

Please Help My Husband, Wife, Partner, Spouse, or Other Family Member to Stop Gambling

It doesn't matter whether you are the husband, wife, partner,... Read More

Online Poker Satellites - How to Turn as Little as $1 into Millions

What do Dr. Vic Fey, an obstetrician from Clinton, Oklahoma,... Read More

Types of Poker Players

Most poker players fall into one of four categories, and... Read More

Women Gambling 101

There is a fundamental difference in the outlook of men... Read More

The Other World Series: The 2005 World Series Of Poker

Growing up, the American dream for many boys was playing... Read More

Heres Texas Hold em for Poker Lovers

Texas hold'em is the most popular of the community card... Read More

The Rise Of Online Poker And Why This Could Spell Disaster For The Inexperienced Gambler

The growth in online poker has been phenomenal over the... Read More