Video Poker House Edge

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House Edge Explained for Poker, Blackjack & 10+ Casino Games Shankar Nath on March 1, 2020 March 2, 2020 Leave a Comment on House Edge Explained for Poker, Blackjack & 10+ Casino Games A house edge is a mathematical advantage that the casino has over you if you play long enough. Video poker machines offer a low house edge, often less than 1%. In fact, some 'full pay' machines have been known to pay greater than 100% expectation, meaning no house edge exists. Instead, a player. For video poker the statistical advantage varies depending on the particular machine, but generally this game can be very player friendly - house edge less than 3% is not uncommon and some are less than 1% - if played with expert strategy. You have learned the basics of video poker play including return, house edge, and variance. You have learned about how randomness actually works while playing at the casino. You now know how to determine your bankroll size. You may even know what specific video poker game (or games) you want to play. The house edge is roughly 3% which means you get back 97% of what you bet. The returns are determined by the pay-table, which varies depending on the variant played. Some games like Jacks or Better have a return as high as 99.54%. The bottom line is to choose video poker games with a good pay-table. Video Poker Hands.

ThatDonGuy

Thanks ThatDonGuy, but could the removal of the Ante Bonus swing the edge from player 3.48% to house 3.833% ? Seems a rather huge swing for a bonus that doesn't pay all that often.

Well, I did find a problem - I was using the wrong number of hands when determining whether to play or fold a given hand.
I still get a house edge, but it's 'only' 1.8022%. When I put the ante bonus back in, I get the numbers the Wizard gets - a player edge of 3.483% with one card shown, and a house edge of 3.373% with no cards shown.ThatDonGuy

Video Poker House Edge Casino

If the dealer shows a 2 through Jack: always play - of the 1128 possible pairs of down cards, there are at most 132 ways the dealer can have a qualifying hand (6 pairs of Aces, 6 pairs of Kings, 6 pairs of Queens, 3 pairs of the up card, 3 ways to make a straight flush, 45 ways to make a straight (e.g. with a 6 showing, 16 8-7s, 16 7-5s, 16 5-4s, minus the three straight flushes), and 63 ways to make a flush)

I may be misinterpreting your description, but it seems there some additional ways the dealer can qualify. What about a single Ace, King, or Queen - that would be 12 more. And what about any pair of the two down cards, not just K, Q, A?
Thanks for the analysis!

Video Poker House Edge Water

I may be misinterpreting your description, but it seems there some additional ways the dealer can qualify. What about a single Ace, King, or Queen - that would be 12 more. And what about any pair of the two down cards, not just K, Q, A?

Good question.
Here's what I get for having a Jack face up:
Of the 1275 possible pairs of down cards ('didn't you say 1128?' Yes, but that assumes you are looking at a specific 3-card player hand)

3 are pairs of Jacks
72 are other pairs (12 ranks; for each, there are 6 different pairs)
144 are Jack and something else (for each of the 3 remaining Jacks, there are 4 Aces, 4 Kings, .., 4 2s)
176 are Ace and something besides Ace and Jack (which have already been counted - for each of the 4 Aces, there are 4 Kings, 4 Queens, 4 10s, .., 4 2s)
160 are King and something besides Ace, King, and Jack
144 are Queen and something besides Ace, King, Queen, and Jack
16 are 10/9 (which makes a Jack-high straight)
35 are the same suit as the face-up Jack that have not already been counted (there are 66 total, but the 11 with an Ace, the 10 others with a King, the 9 others with a Queen, and 10/9 have already been counted)

3 are pairs of Jacks
72 are other pairs (12 ranks; for each, there are 6 different pairs)
144 are Jack and something else (for each of the 3 remaining Jacks, there are 4 Aces, 4 Kings, .., 4 2s)
176 are Ace and something besides Ace and Jack (which have already been counted - for each of the 4 Aces, there are 4 Kings, 4 Queens, 4 10s, .., 4 2s)
160 are King and something besides Ace, King, and Jack
144 are Queen and something besides Ace, King, Queen, and Jack
16 are 10/9 (which makes a Jack-high straight)
35 are the same suit as the face-up Jack that have not already been counted (there are 66 total, but the 11 with an Ace, the 10 others with a King, the 9 others with a Queen, and 10/9 have already been counted)
This is 750 qualifying hands; the other 525 do not.

This is 750 qualifying hands; the other 525 do not.

So why would I always make the Play wager in this case? If I have a non-qualifying hand, and dealer shows a Jack, the strategy says to make the Play wager, hoping the dealer won't qualify. But based on your numbers it looks like the dealer will qualify 750/1275 times and I would lose more often than not.ThatDonGuy

So why would I always make the Play wager in this case? If I have a non-qualifying hand, and dealer shows a Jack, the strategy says to make the Play wager, hoping the dealer won't qualify. But based on your numbers it looks like the dealer will qualify 750/1275 times and I would lose more often than not.

If you fold, you lose 1.
If you play with a non-qualifying hand, then you lose 2 750/1275 of the time and you win 1 525/1275 of the time, which is an expected loss of 975/1275, which is a better result than a loss of 1.

If you fold, you lose 1.
United games affiliate review. If you play with a non-qualifying hand, then you lose 2 750/1275 of the time and you win 1 525/1275 of the time, which is an expected loss of 975/1275, which is a better result than a loss of 1.

It certainly is! Thanks!Eliot Richardson did an analysis of strategy and House Edge for 'hole card exposure' for 3-card poker and published it in his book. I'm not finding his book in my office - can someone quote from his book please?

Video Poker House Edge Chart

Here is what I get for the strategy if the dealer shows a card:
If the dealer shows an Ace: play A9 or better
If the dealer shows a King: play K9 or better
If the dealer shows a Queen: play Q9 or better
If the dealer shows a 2 through Jack: always play - of the 1128 possible pairs of down cards, there are at most 132 ways the dealer can have a qualifying hand (6 pairs of Aces, 6 pairs of Kings, 6 pairs of Queens, 3 pairs of the up card, 3 ways to make a straight flush, 45 ways to make a straight (e.g. with a 6 showing, 16 8-7s, 16 7-5s, 16 5-4s, minus the three straight flushes), and 63 ways to make a flush)

I did this three years ago, Combination Analysis results for 3CP, delear show 1 card, WITHOUT ante bonus, raise if equal or better than X92( X is dealer's upcard, Q, K or ACE).
I proposed the X92 strategy as well but it may NOT the optimum strategy. Anyone can verify it ? gordonm888 ?
See image : https://ibb.co/52DjWwy

I did this three years ago, Combination Analysis results for 3CP, delear show 1 card, WITHOUT ante bonus, raise if equal or better than X92( X is dealer's upcard, Q, K or ACE).
I proposed the X92 strategy as well but it may NOT the optimum strategy.

What is your strategy if X is not Queen or higher? If it's 'always raise,' then I can confirm your strategy.

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I've heard it described many ways. Some people say it's 'A place to have fun' others say its 'Disneyland for adults'. No matter what you think a casino is, keep this in mind. A casino is a business. BIG BUSINESS!! Bob Stupak, the former owner of Vegas World Casino, told US and World Report, 'Its our duty to extract as much money from the customer as we can and send them home with a smile on their face.'

So, how does the casino go about extracting money from you? Do they Cheat you?
NO!

They don't have to cheat because except for Blackjack and Video Poker, every Casino game has a built-in profit on every bet. This is known as the House Edge or Casino Advantage.

Every bet you make has a certain probability of winning or losing. If you bet on the flip of a coin, the probability of heads or tails is 50-50. This would be an even money bet. If you bet a dollar and was paid a dollar when you won, you would be paid TRUE ODDS. However, if the casino only paid you 95 cents every time you won instead of a dollar the House edge would be 2.5%. Simply put, The house edge is the difference between the true odds and the odds that the casino pays you when you win.

Look at this It shows the Casino's advantage for different casino games. All are fixed except for Blackjack and Video Poker. These two games actually can have a positive payback depending on the skill of the player and the rules or payback table.

Video Poker House Edge Without Strategy

Look at the game of Roulette. You will see that the house edge is 5.26% for the double zero game. This is how we figure the edge. In the game, there are 36 numbers plus the 0 and 00. The odds of you winning is one in 38 or 37 to 1. If you win the casino pays you 35 for your dollar bet. You keep your original dollar and are paid an additional $35 returning $36. The difference is two dollars (38 minus 36). Divide the $2 by 38 which is the true odds and you come up with the house edge of 5.26%. So you could actually cover all the numbers on the layout and still lose money. These are great odds for the house but not for you. Games like Roulette, Craps, Big Six a have a fixed percentage because one roll or spin will never change the outcome. There will always be 38 numbers on a roulette layout and 12 numbers on a pair of dice.

Blackjack is in a different category because every time a card comes out of the shoe, it changes the makeup of the cards remaining. The advantage can shift from player to house depending on which cards have been played and the Skill in which you play your cards. Video Poker also is based on skill. If you play the perfect strategy, there are actually some games that have a positive return based on their pay table.

From the above chart, you can see why a casino does not have to cheat to make money. Does that mean you will lose every time? No of course not. If you did you wouldn't keep coming back. However, in the long run, the casino will win on negative expectation games.

Until Next time remember:
Luck comes and goes...Knowledge Stays Forever. Top 5 gambling sites.