How to adjust your budget in Video Poker
Banrkoll size and Risk of Ruin in Video Poker
One of the most important aspects of video poker is the ability to manage your bankroll. On one hand, you want to manage your money and make it last just as you would with any other game in the casino. On the other hand, you will actually want to bet the max in some circumstances to improve your winnings. While that sounds like a bit of a contradiction, let’s walk you through it.
Stick to a Budget
The first thing you should do is to set a budget right off the bat and stick to it. This is something that many casino players don’t do and then they find themselves out of the game quickly. If you are spending an afternoon playing online, set an amount that you’re comfortable with and don’t go over that. Treat it like any other form of entertainment. The only difference is, with this one you might actually win money back.
Bet the Max
So on one hand you have to set a budget when you are playing video poker, but on the other hand we are going to tell you to bet the max. What gives? Don’t worry, we’re not trying to mess with your head. There’s a keen strategy to it.
In video poker, you can bet one to five coins or credits with each hand. The more you bet, the bigger your winnings are going to be. However, what you have to keep in mind with the game of video poker are the paytables. Many games will offer a bonus depending on if you hit certain hands and that’s where you want to cash in. To hit those bonuses, you usually need to be betting the max.
For example, let’s say you decided to play Joker Poker. You may have heard that it has a tantalizing expected return of 100.65%. However, to get that return you’ll have to be betting the max; the numbers are lower if you’re betting just one credit per hand. That’s why it’s important to bet the max.
Drop it Down
So now that you understand why it’s important to bet the max, you may want to drop down your amounts. For example, if you were starting with $50 and were planning to play $1 per hand, but now you’ll have to play $5 per hand, you can see why your money might go quickly. What you’ll want to do is stick with the same $50 but play a smaller amount per hand while still playing the max. Drop it down to something like 25 cents a hand and go from there.
Get Familiar with the Numbers
To get a better idea of the risk of ruin, it’s important to understand what numbers you’re working with. How frequently are you expected to hit any type of a winning hand? What are your odds of hitting a Royal Flush? And what do you get paid when you hit those hands? All of that information can be studied and learned through books, resources online, or YouTube videos. Any way you study, it is something with which you should be very familiar if you want to improve your chances of winning.