- Can You Make Money Playing Video Poker
- Making Money At Online Poker
- Can You Make Money Playing Video Poker Online
- Can You Make Money Playing Video Poker At A
Many different paths carry first-timers to the poker table. Some come to poker via other card games, while others find poker after having sampled other gambling games in the casino such as blackjack, craps, or roulette. Sports bettors also sometimes wander from the sportsbook over to the poker room and find themselves in a game — and perhaps find poker intriguing thanks to the sports-resembling competition the game provides.
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Those who stick with the game do so for many reasons as well, although most are motivated by the prospect of making a profit at poker. Especially those who win at first — which happens quite a lot — will keep playing to try to win more, with some even being encouraged to think about winning a lot more and perhaps even to become professional poker players.
But while poker is a game that rewards skill, luck plays a role, too. Those who initially win at poker likely do so in part because of getting dealt good cards, hitting draws when they need to and avoiding others' hitting theirs. Only those who take some time to learn poker strategy and gain experience are usually able to sustain that success over longer periods.
In other words, the short answer to the question 'Can I make money playing poker?' is obviously that you can, but you also need to be willing to put in the work to increase your skills and have an advantage over your opponents. The fact is, while it's certainly possible to win at a single cash game session or go deep and win a lot in a single tournament, only a small percentage of players remain profitable long term, and invariably those players are better skilled than those who do not.
Let's look a little more closely at the question, however, by asking a few other questions addressing factors that will affect the likelihood of your being able to make money at poker as well as how much money you can make.
1. What is your win rate?
The generic term 'win rate' is used to refer to how much someone is winning at poker over a given period of time or hands played, although in truth the term is also used when referring to how much a player is losing, too. A player with a positive win rate is profiting at poker while a player with a negative win rate is not. Calculating your win rate is done differently in cash games and in tournaments.
In cash games, a win rate is usually expressed as the amount won per hour or 100 hands. In no-limit hold'em or pot-limit Omaha, the unit of measurement is often converted to big blinds — e.g., in a $1/$2 NLHE game, making a profit of $10 = winning 5 big blinds.
Meanwhile in limit hold'em, stud games, and others with fixed-limit betting the amount won is usually measured by the number of 'big bets' it represents. For instance, in a limit hold'em game where the small bet is $2 (preflop and flop) and the big bet is $4 (turn and river), a player who makes $100 is said to have won 25 'big bets.' (Somewhat confusingly, both 'big blinds' and 'big bets' are often abbreviated as 'BB.')
Meanwhile in tournaments a win rate is usually expressed as a player's 'return on investment' or 'ROI.' Divide your profits by your expenses and multiply by 100, and you get a percentage representing your ROI. For instance, if you spend $200 in buy-ins and cash for $220 total, your ROI is $20 (the profit) / $200 = 0.1 * 100 = 10%.
Obviously if your win rate or ROI is negative, you aren't making money playing poker. But even if you enjoy a positive win rate or ROI, you need to consider other expenses related to playing poker and look at whether or not your winnings are exceeding them. If it costs you $10 in gas every night to get to and from a poker room and you're only averaging winning $5 per session, your win rate is positive but you aren't making money. Or if you spend $10,000 over the course of a year traveling to poker tournaments but only have an ROI good enough to earn you $8,000 worth of cashes during that time, you're technically 'winning at poker' but losing money overall.
The biggest point to take away here is that if you are interested in making money at poker and don't keep track of your wins and losses, start doing so right now. Find out what your win rate or ROI is, take into account other possible expenses associated with playing poker, then you'll see whether or not you are making money at poker. You'll also likely be encouraged to sharpen your study of the game in order to try to increase your profit if you're winning (or to become profitable if you're losing).
2. How much do you play?
Another question to ask when addressing the larger question of whether or not you can make money playing poker is to consider just how much poker you're playing.
If you're strictly a recreational player who only joins a home game once per week or who plays online poker for an hour or two here and there, you can still win at poker but only a limited amount. Also, those who play poker only sparingly aren't necessarily gaining experience and knowledge that will help them build their skills and win more consistently.
A number of serious players who put in a lot of 'volume' at the tables are able to increase their profit steadily even if their win rates are somewhat low. Most tend to consider cash games a more reliable way to make money at poker given the higher variance of poker tournaments.
If you think about it, in most poker tournaments only the top 10 or 15 percent of finishers enjoy any profit at all, so it logically follows that the majority of players finish out of the money most of the time they play. Really only the most successful tournament players are able to cash enough to sustain an ROI as high as 10 or 20 percent (or more), with most who are profitable sitting in the 5-10 percent range.
That means when playing tournaments even good players lose money more often than they win money. But when they win they win enough to more than make up for the losses, sometimes hitting especially big scores when finishing at a final table or winning the entire tournament and getting back 10, 20, 50, or even 100 times the buy-in.
Cash games tend to be less volatile that way, although even there good players will frequently have losing sessions. They may even have more losing sessions than winning ones, although they manage to enjoy larger profits than losses, generally speaking, and thus have positive win rates. Even so, if you don't practice sound bankroll management, you can experience one very bad cash game session and lose everything you've won and then some.
Once you've figured out your win rate, you can think about how much you need to play in order to make a desired amount over a given period of time.
You should also try to gauge what is the best amount of time to play poker for you in order to increase your chances of remaining profitable. Some are better of playing, say, only 10-20 hours per week than 40-50 hours per week, or shorter sessions instead of long ones, because they have trouble focusing and thus playing well over longer periods. Meanwhile others can put in those extra hours and not suffer as a result.
3. What stakes are you playing (and are they right for you)?
Probably the most important question to answer when delving more deeply into whether or not you can make money at poker is to look at the stakes for which you are playing. And — importantly — whether you are choosing well when deciding upon your stakes and sitting down in games in which you can win and win consistently.
One common misconception among new players is that the best way to win more money at poker is to play for higher stakes. A player who wins consistently at the $1/$2 NLHE cash game might imagine simply picking up and moving over to the $10/$20 game will result in winning 10 times as much money, but more often than not such ideas turn out to be foolhardy.
Games of different stakes attract differently skilled players. While the lowest stakes games almost always include the least-skilled and least-experienced, they attract strong players sometimes, too. Similarly, many of the best players can be found in the higher stakes games, but there also will inexperienced or poor players sometimes sitting around the table.
On average, though, the higher the stakes the tougher the games. Thus do the profitable players' win rates actually go down as the buy-ins and/or stakes go up. In online cash games (just to cite one example), NLHE players of the lowest stakes including the 'micros' have been known to sustain win rates of as much as 20-40 BB/100 hands over large sample sizes, while the best players in the higher NLHE games online generally top out at around 3-8 BB/100 hands.
That's one reason to be realistic about moving up in stakes in poker — even if you're great and better than most in the games, you aren't going to win at the same rate you did at the lower stakes.
But you also need to be practical about your own ability as a poker player and recognize when the competition is too tough to beat. As you move around and test out which stakes work for you, continue keeping accurate records and note at which stakes (for cash games) or buy-ins (for tournaments) you are winning most consistently, and where you are winning less or losing.
Sometimes you might find it hard to win in a lower stakes game than in one a notch or two above, simply because of your particular skill set and how well you respond to the styles and tendencies of others. More often, though, there will be a stakes 'threshold' (of sorts) above which you might take shots now and then but probably shouldn't go on a regular basis.
In any case, be honest with yourself and smart with your bankroll, and your chances of making money at poker will increase as a result.
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Professional video poker refers to the practice of trying to make a living
playing video poker instead of just doing it for fun. Those who play
professionally, sometimes known as advantage players, will use a variety of
methods to try to make a living at the game. These days, it's becoming
increasingly more difficult to eke out enough to make ends meet by becoming a
professional video poker player.
Video poker
is one of the most popular games for discerning gamblers. They understand that
there is an advantage to playing the game that combines the best elements of
both slot machines and table games. As a result, it's not unusual for a person
to prefer only video poker when it comes to gambling either at a casino or on a
top legitimate gambling website.
There are those people who dream of pushing that to the next level. After
all, if video poker is a game whereby you can possibly expect a positive income
Angel number 1112. in the short term, why couldn't it be turned into a full-time vocation? Indeed,
a few decades ago, it wasn't too difficult to find those players who did find a
way to make a living playing professional video poker.
Even then, however, it was difficult to become an actual pro playing video
poker. Sadly for those who would like to pursue it, professional video poker has
become more and more difficult to manage. Casinos and online gambling sites are
wise to many of the techniques used and have cracked down on them or removed the
structures that allowed them to happen.
As a result, professional video poker may not be the glamorous way of life
that many people think it to be. But there are still ways to grind your way to a
Tuti fruti game. profit over a long period of time doing nothing but playing video poker. If you
can be persistent and disciplined, you might even be able to use advantage-style
play as either a strong complement to your full-time job or, perhaps, as your
only job.
In the following article, we'll explain what it means to be a professional
video poker player. We will also study the skills you need to acquire to become
a pro in video poker, either in a casino or online (or using both avenues). And
we'll talk honestly about just how difficult it is to make a living through what
most people consider to be nothing more than a friendly diversion.
How Professional Video Poker Compares to Other Professional Poker Games
When you think about professional poker players, you might first think about
those folks who are on television playing Texas hold'em tournaments for high
stakes. As that particular poker game took off in popularity a few decades ago,
many people suddenly found an avenue to make serious money playing what was
previously thought of as a home game or something played in dingy back rooms.
Professional poker became a real job.
If you play video poker at all regularly, you understand the differences
immediately between video poker and that kind of poker. With video poker, you
are not playing against other players. Instead, you are trying to play against
the house, which would be the casino or the website hosting the game.
That means that you are up against the dreaded 'house edge,' which is the
built-in bias in the games that makes sure that the casino makes money. On top
of that, although there are video poker tournaments, the stakes are much too low
for you to expect to make a living from them alone. In addition, you would have
to travel nonstop to find all these tournaments, which are usually governed more
by luck than skill anyway.
So, how could there be any possibility of anyone playing professional video
poker? Well, first of all, the house edge on most video poker games is minimal.
In fact, there are some video poker variations which, if you play the game with
utmost skill, can actually be beaten, meaning that you would have the edge over
the house.
Although those games are rare, there are a lot of video poker games where the
house edge is less than 1%. By combining that small house edge with the
possibility of gaining rewards from casinos from frequent play, the player could
have a reasonable expectation of a positive outcome. If they could parlay that
advantage over a long period of time, a video poker player could conceivably
make enough money from it to carve out enough to live.
Video poker is unlike hold'em or other table game versions of poker in that
you have to grind out earnings. A hold'em player can conceivably make enough
from a single tournament win to cover their entire year's earnings. They can
also expect ancillary money from endorsements to help pay the bills.
By contrast, video poker on the professional level is far less glamorous. It
also requires a greater time commitment and serious discipline.
You have to not only learn how to play, but you must also research the
machines and promotions that will help you earn money. Even then, you are not
guaranteed positive results, as video poker is prone to swings of momentum.
Still, video poker offers you the advantage of knowing exactly how much you
can expect from each machine that you play, at least on an average. That is
because the probabilities of making winning hands never change. The pay tables
which are included with every machine allow you to know how much each winning
hand pays.
So, in that way, there is less guesswork in professional video poker than in
the table game versions. The variables that you have to deal with are restricted
to the different policies of casinos and the bonuses you might be able to
extract from them to help your bottom line.
But we're getting ahead of ourselves here. First, you have to learn how to
play video poker at a level that allows you to get the maximum out of every
variation that you play. And that means understanding the pay tables and payback
percentages.
Pay Tables and Payback Percentages for Professional Play
Video poker is an easy game to learn at the most basic level so that you can
play it recreationally. It's basically a computerized simulation of five-card
draw poker. You get a five-card deal, have one chance to improve it on the draw,
and hope you can make the best possible winning hand.
But the pay tables are what set the game apart and what professional players
know how to exploit. The pay tables show you how much you can expect to receive
from each winning hand. They also combine with the probabilities to yield
something known as the payback percentage.
The payback percentage is basically the figure that separates one variation
of video poker from another. If the machine has a payback percentage of 99% or
better, it's a competitive one and one that could conceivably be used for
professional play. If it's over 100%, it means that you can actually expect to
make a profit playing the game with perfect play (more on that below).
Here is what we mean by pay tables and payback percentages. The following is
the pay table for what's known as the full-pay version of the game called
Jacks or Better, a common video poker variation. By full-pay, we mean the
game with the highest payback percentage attached to it.
9/6 Jacks or Better Pay Table
Coins/Hands | 1 coin | 2 coins | 3 coins | 4 coins | 5 coins |
---|---|---|---|---|---|
Royal flush | 250 | 500 | 750 | 1000 | 4000* |
Straight flush | 50 | 100 | 150 | 200 | 250 |
Four of a kind | 25 | 50 | 75 | 100 | 125 |
Full house | 9 | 18 | 27 | 36 | 45 |
Flush | 6 | 12 | 18 | 24 | 30 |
Straight | 4 | 8 | 12 | 16 | 20 |
Three of a kind | 3 | 6 | 9 | 12 | 15 |
Two pairs | 2 | 4 | 6 | 8 | 10 |
Jacks or better | 1 | 2 | 3 | 4 | 5 |
That pay table might not mean that much to an amateur player, but a
professional player will be able to tell by the amounts that are included for
each winning hand that the machine in question contains a payback percentage of
99.54%. On average, $10,000 played through that machine would return the player
$9,954.
That obviously is a $46 loss. You wouldn't think that would make the game
suitable for a professional video poker player. But you have to consider that
there are other ways to make money from bonuses and casino perks that can easily
make up that difference and allow you to, in a way, turn a profit.
What's more interesting is that there are actually video poker games that
will return you more than 100%. Here is a brief rundown of those games that
return over that 100% threshold in their full-pay versions:
Game | Payback Percentage |
---|---|
Loose Deuces | 100.97 |
Downtown Deuces | 100.92 |
Deuces Wild | 100.76 |
Joker Poker | 100.64 |
Double Bonus | 100.17 |
Super Bonus Deuces Wild | 100.13 |
Double Double Bonus | 100.07 |
If you can find those machines, which, as we will explain to you, is not
easy, you can legitimately hope to make a profit based on the game alone. When
you add in any extras that you might get, you can start to imagine how you can
get ahead as a professional
Learning Video Poker Skills
The only way that you can hope to make a living playing professional video
poker is if you can play the game without making any mistakes. You might think
that just because you have a handle on Five-Card Draw and understand how to make
winning hands, that you can do this; but it's much harder than you would think.
Let's look at an example hand. Say that you received the following five cards
on the deal:
In that hand, you have the seeds of many possible winning hands. There is a
pair, four cards to a flush, and three cards to a royal flush. How do you decide
which cards to hold?
Well, to do it properly, you'd have to compute the chances of making each of
those possible winning hands based on the cards remaining in the deck. You would
then have to measure those possibilities against the possible payouts for each
of those winning hands. That is a lot of math to do on the spot.
The right play is to keep the jack, queen, and king of hearts. What makes it
the right play? It's the play that is expected to earn you the most money if you
were to play that hand many, many times.
Here's a secret: Even professional video poker players don't know how to do
all of that calculating. But they have gained the knowledge about how to make
these decisions from experts and computer programs that have already done the
mathematical work for them. And they can make these decisions in a split second,
which is also crucial in amassing your profits.
How do you acquire these skills? Here are the two ways that you can do it.
Video Poker Training Software
This software approximates what it would be like to play video poker in a
casino or online at a gambling website. You play out the hands just as you would
as if you were playing for real. In fact, you can even simulate having a
bankroll so that you can see how much ahead or behind you will be playing the
game over time.
The software will improve your play by alerting you when you're making a
mistake. For example, imagine if you were playing that hand that we showed you
above and decided to keep the two fives. If you did, the software would show you
the mistake and demonstrate to you what the proper play should be.
It's important to realize that the free video poker software that you might
find for your phone or tablet might not be good enough if you want to progress
to the professional level. That's because those free versions usually offer a
limited supply of pay tables from which to play. You might be able to find free
software that is attuned to Jacks or Better, for example, since it's the most
commonly-found video poker variation.
But it might not give you access to the games that offer over 100% payback
percentage that we showed you above. That means that you might have to pay for a
software version. It might cost you a little, but it's the best way to get the
comprehensive teaching that you'll need to be an advantage player.
Before even considering trying to play at a professional level, you must know
exactly which plays are the right ones for every possible situation thrown at
you by the video poker variation you're playing. With video poker software, you
can work out every possible combination of cards over and over. After practicing
with this software for a good stretch, you might be able to attain perfect play.
Strategy Cards
A strategy card, sometimes referred to as a strategy chart, can be found for
most major variations of video poker. And, like video poker trainers, it allows
a player to partake of the information without having to figure everything out
mathematically on their own.
Basically, a strategy card allows you to compare your hand to a ranked list
of card combinations that you might receive on the deal. Once you see the
highest-ranked combination that matches what you have, you know what is
essential to your hand. You can simply discard the cards that aren't essential.
Again, going back to our previous example, you might receive that deal and
consult a strategy card. And you will come upon these three entries on the list:
- Three cards to a royal flush
- Four cards to a flush
- Pair of 10s or lower
Since the 'three cards to a royal flush' is on top of the list and you have
those three cards, you know what you can discard. If you don't see any matches
on the entirety of the list, you know that the right play is to discard all five
cards that you've been dealt.
With strategy cards, you really have to memorize them to get the most effect.
Conceivably, you could bring them with you to consult, but that would draw
instant scrutiny from the casino. Not only that, you need to play fast to be a
professional video poker player, and looking at a card with every deal would
prevent you from doing that.
Especially with bonus games and wild card games, you are talking about many
different combinations that you would have to memorize. That can take a lot of
time. But it will pay off if you can make the right decisions every single hand
in your quest to be an advantage player.
Playing Fast
Knowing what decisions should be made about what to hold and what to discard
while playing video poker will help make you a professional. But you also have
to be able to make those calls in a hurry. Almost instantly, you have to be able
to hit the buttons and be ready for the next hand.
This is especially true when you're playing those games which eliminate the
house edge. Think about it: If you're making about just a couple of pennies per
hand or so on average, you'll need to play as many hands as possible to push the
profits as high as possible.
As a result, speed is one of the skills that you absolutely have to possess
if you are going to become a professional. There really can't be any thinking to
slow you down. You'll have to automatically process the deal and spit out the
right play in a matter of seconds.
Casino Bonuses
When planning to be a professional video poker player, you can't simply
concentrate on learning skills for gameplay. You also have to learn how to
exploit the bonuses offered by casinos. This is as crucial to becoming a pro as
learning how to play the game fast and smart.
Every casino is different in terms of the rate at which they offer their
bonuses.
Most will offer a point system for those players who sign up for a club
card. They will then offer points based on how much a player puts through a
machine.
These points can then come back to a player in a number of ways. The player
might get free play from it, which, obviously, will be a boost to their bottom
line. But those points can come back to a player in a variety of ways.
For example, casinos sometimes offer monthly promotions that go to players
who are considered high rollers. Or they might offer something called
bounce-back, which means that the player will get free play the next time they
come in based on what they played in their last session. The casino can come up
with many ways to offer these kinds of bonuses.
In many cases, these bonuses can make the difference between profit and no
profit. Especially if you can't find a machine with a positive payback
percentage, you will need to get these bonuses.
Occasionally, the casino will offer non-monetary bonuses that can help a
player recoup some of their potential losses. For example, you might receive the
following from the casino:
- Food: The casino might offer you free dinners,
or at least coupons for discounts, at one of their dining establishments. - Lodging: This can especially come into play if
you find yourself travelling to a casino out of the area in search of the
best machines. Getting to stay at a hotel-casino for free can help to cut
some of the costs. - Event Tickets: You might not think of this as
being attached to your bottom line, but getting tickets to top-of-the-line
events can be a perk that might make a rough stretch playing video poker
worthwhile.
Bonuses in Online Video Poker
Over the past decade or so, the popularity of video poker that is played
online has risen dramatically. An entire industry has grown up around the
concept of online casinos and sportsbooks. These establishments can offer most of the same betting
opportunities that you can find at brick-and-mortar establishments, yet they can
bring it all to you in the comfort of your own home.
Video poker is a perfect fit for online play. The screen on a tablet or
smartphone or even a personal computer can be made to resemble exactly what you
would see on the screen of a video poker machine. And the gameplay can be
rendered with the same type of software that is found in video poker machines
and allows for random results with each deal of the simulated cards.
The people who operate online casinos are eager for the business of gamblers
using the web. As a result, they will often offer aggressive promotions to try
to draw these gamblers into the fold. If you're trying to become a video poker
professional and want to get some of your action online, you'll need to take
advantage of these offers.
Initial Deposit Bonuses
The most common offer that you will see online from gambling websites is one
that adds some percentage of your initial deposit as free play. For example, you
might see an offer that will add 50% to a deposit that you make. If you were to
make an initial deposit of $1,000 for video poker play, you would get an extra
$500 in your account for video poker.
In this way, you can immediately get a nice boost and improve your bottom
line, mitigating your losses and perhaps adding to your winnings with the extra
play. Most of these offers are one-time only, but there's no rule that says you
can't sign up for multiple sites to take advantage of the deposit bonus up for
grabs at each one.
After a while, you might exhaust the possibilities of one-time bonuses for
signing on to play video poker. But sites will come looking for you if you
haven't played with them for a while. And they will try to entice you with
something that is known as a reload bonus.
Reload Bonus
Can You Make Money Playing Video Poker
Reload bonuses work the same way as initial deposit bonuses. They'll likely
include a minimum deposit and a maximum amount for the bonus that you can earn.
The good news is that some online establishments will allow you to use the
reload bonus multiple times, as opposed to the initial deposit bonus which is
allowed just once.
If you can find a site that allows you to reload and gives a nice bonus each
time, you can start to make up for any house edge that the video poker games
might have. And you will need to do this with online video poker since they
generally do not offer the types of games that have a payback percentage of over
100%.
Most of these bonus offers require a rollover before you
can collect your winnings. A rollover is usually expressed as a multiplier, and
it refers to how much action you have to put through the site before you are
allowed to withdraw the funds associated with the bonus. It's essentially a way
for the website to keep you from taking the money and running.
The rollover is always applied to the amount of the deposit plus the amount
of the bonus. Suppose, as we said above, that you found a site that gave you a
50% bonus on an initial deposit of $1,000. Therefore, the rollover multiplier
would be applied to $1,500, which is the initial deposit of $1,000 added to the
bonus of $500.
Now, let's say that the rollover requirement is 20x. 20 times $1,500 is
$30,000. That is the amount of action that you would have to play at that online
casino before you could withdraw any winnings that came from the deposit or the
bonus.
That might seem like a lot, but remember that the action also takes into
account the bets that are made with any winnings. For example, you might hit a
$1,000 winning hand along the way, and that total, once you put it back in the
site in video poker bets, would count toward the total even though it didn't
require you to put in extra money.
Still, you would ideally like to find the sites that offer bonuses with the
lowest rollover requirements attached to them. That would ensure that you can
collect your earnings and move on the next bonus in a timely fashion. And that
would boost your overall bottom line.
Difficulties in Becoming a Professional Video Poker Player
Based on what you've read above, you might think that it's simple to become a
professional video poker player. After all, there are machines where you can
expect to make money by learning perfect play. There are bonuses by which you
can then add to your winnings on top of that.
About two decades ago, professional video poker was indeed a realistic
profession. That was the time where people first started to explore the
mathematical aspects of the game and thereby learned the right and wrong play
for every possible hand that they received. On top of that, casinos weren't yet
accustomed to some of the methods used by players to both seek out the best
machines and earn the top bonuses.
Needless to say, casinos have caught up and are getting wiser all the time.
It's their job to protect their assets, and they simply can't allow a whole slew
of people to take money from them by simply memorizing some holds and discards.
As a result, the opportunities for professional video poker players to thrive
have dwindled.
Before embarking upon the possibility of turning pro at video poker, you need
to realize the drawbacks to this potential way of life. Here are some of the
things that you need to consider.
Scarcity of Good Machines
We told you above about the machines that pay out payback percentages of
higher than 100 percent. These are the machines that are the ultimate
destination for video poker players. Alas, they are becoming harder and harder
to locate.
Making Money At Online Poker
Professional video poker players know about the site known as
vpFREE2. This is a site which keeps up to
date with every video poker machine in the country. It gives you the locations
of the machines, and how many of each are at a particular site.
This is a crucial tool for those who wish to become pros, but it doesn't have
very good news these days for those who want to find advantageous machines. At
the last check, all of the machines with pay tables yielding over 100% payback
percentage are located in Nevada.
This can be a distressing fact to those who are located elsewhere hoping to
become professional video poker players. The gambling laws in the United States
have allowed for casinos to show up in just about every state. Yet the gamblers
who are playing video poker in those states won't be able to find the most
lucrative video poker machines without travelling to Nevada.
For many budding video poker professionals, that might be a journey that they
are willing to make. After all, Nevada, especially Las Vegas, is where most of
the gambling action takes place. But others who wish to stay near their home
base won't be able to do much better than 99% machines, which means that they
will always be fighting against the house edge.
Denomination Limitations
Most video poker machines give you the opportunity to choose a denomination.
The denomination, which can run anywhere from a penny up to something more
extravagant like a dollar or several dollars, represents a single unit of
betting on the machine. Other machines have the denomination set beforehand.
So, let's say that you are in Nevada and wish to play one of those
high-paying video poker games we mentioned above. When you locate them, you'll
be disappointed to find that the games are limited to the quarter, or 25-cent,
denomination. And that severely limits your chances of making big profits.
Think about it: If you have a game that gives you a positive expectation, you
would be better-served betting a lot to really take advantage of it. If you
could find a 5-dollar denomination Loose Deuces game, you could really churn out
serious profits.
But a quarter machine will limit your chances. Even playing at a rapid speed,
on average you will likely be able to crank out winnings per hour that barely
meet the status of minimum wage. And that's not a very glamorous notion.
Again, casinos have become wise to what it takes for video poker players to
earn big winnings. Limiting the denomination will make players think twice about
taking on the positive expectation machines. Their other option is to go with
negative-expectation machines which are open to higher denominations, which puts
the edge right back to the house.
Bonus Restrictions
Once again, this is an area where the casinos have smartened up and realized
how they were getting burned in the past by video poker players. Many of the
machines that bring in 100% or higher payback percentage are severely restricted
by casinos in terms of the points that you earn while playing them. And that
means fewer bonuses for you.
Can You Make Money Playing Video Poker Online
You can see the conundrum that these policies present. On the one hand, you
have to be located in Nevada to play these most beneficial games. But their
appeal is limited by the small bonuses and denominations associated with them.
Or you can try to grind your way through the negative-expectation games in
the hopes of staying close to even long enough to earn excellent free play and
bonuses. But your profit margin would remain razor-thin.
Big Hand Bias
You might notice on the pay table above how much the royal flush pays in
comparison to the other winning hands. In normal play, big hands, as rare as
they are, account for a couple percentage points in terms of payback. That means
that you need to hit them at an average rate for you to return something close
to the usual percentage.
When you're talking about a royal flush (ten through ace of the same suit),
it comes up on an average of once every 40,000 hands or so. But you have to
remember that just because you haven't hit it in 39,999 hands, it doesn't mean
that you'll get it that next hand you play. Video poker machines don't work that
way, as every deal and draw are fresh and random with no connection to what has
come before on that machine.
As a result, if you struggle for a while to get some of the rare, high-paying
hands, your chances of making the quoted percentage will dwindle. You might be
on the lucky side and hit more than average, in which case you'll be ahead of
the game. But if you don't, you'll need to have a significant bankroll in place
to survive.
Bankroll management is one of the areas that many budding professional video
poker players don't realize is important. You can't just go into a casino with a
couple hundred dollars in an effort to become a pro. You need a significant
amount in reserve to keep you afloat in order to sustain the rough patches that
will inevitably come your way.
Lifestyle Concerns
You might be able to tell from reading all of this that professional video
poker is not the exciting, thrill-a-minute experience that table-game poker can
be on the professional level. It's a grind, one that might not be for everyone.
And there is no guarantee that you will be successful enough to make the living
you desire.
Certainly, it would take an exceptional advantage player to make a salary
playing the game that would be on the high side of average. Because of the way
that casinos have put in their built-in restrictions to video poker players
winning big through gameplay and bonuses, it takes a great deal of skill,
diligence, and patience to even make an average salary playing the game.
Those who do often have to spend a serious amount of time either playing in a
casino or online. They also must spend a lot of time researching different
machines and bonuses that might be available to them at different locations. The
time demands for becoming a professional video poker player are tough for the
average person to handle without becoming disenchanted with it.
Can You Make Money Playing Video Poker At A
On top of that, it's hard to imagine someone sustaining personal
relationships with family and friends due to these time constraints. It takes a
certain kind of person to want to embark on what has become an increasingly
difficult career path. As a result, you shouldn't enter into this decision
without really thinking about everything that comes with it.
Conclusion
Professional video poker is a career that can be achieved with an extreme
amount of effort and skill. But the dedication that it takes, compared to the
somewhat meager financial rewards that it normally brings, might not be worth
it. It's best to use the lessons applied here to play the game on a recreational
or hobbyist level unless you're really aware of everything that goes into being
a pro.