High Stakes Video Poker Online
People who play high limit video poker online are willing to wager large sums of money in exchange for a chance to win impressive paydays. While low-play versions can still be worth an investment, any savvy gamer knows that the top-end machines offer a greater potential reward.
This article will focus on the pros and cons of online high limit video poker, and we’ll also provide a formula for calculating how much you can expect to spend in an hour of gaming. While the information contained in this article won’t make you an automatic winner, I do hope that it will give you a greater understanding of video poker, one of the best bets in any casino.
Finding High Limit Video Poker Games Online
Searching for high limit online video poker is easier than you might think. Internet casinos want to make their products as appealing as possible to a wide range of customers, so almost any reputable establishment will offer both high and low limit machines.
When you visit your favorite online casino, take a few minutes and browse through the selection of video poker games. You’ll notice that some machines require more money per hand than others, plus their pay tables offer a larger reward. These are the high limit machines.
Calculating Hourly Wins and Losses
Some casino patrons seem to fly by the seat of their pants when it comes to wins and losses, while others have their estimates down to a science. For those who want to add a sense of order and predictability to their video poker gaming experience, I present this helpful formula.
In order to determine how much money you can expect to lose in an hour of playing video poker online, you need to multiply the average bet size times the number of bets per hour times the house edge.
For the purposes of this example, let’s assume a player is able to complete 600 hands of video poker per hour (veteran players can range from 700 to an impressive 1200 per hour). And since they’re playing with high limits, let’s also assume that they’re wagering a maximum bet of $50 per hand on a game of 9/6 Jacks or Better. The theoretical return would be 99.5% under these circumstances, giving the house an edge of .5%.
Six-hundred bets per hour at $50 per hand equal $30,000. This total multiplied by the house edge of .5% equals $1500, which would be your expected loss in an hour of play. These are high roller numbers to be sure, but keep in mind that hitting a couple of top hands can turn your expected loss into a major payout.
Importance of Bankroll Management With High Limit Video Poker
Managing your bankroll is an important part of any trip to the casino, and even high rollers have a limit to the amount of money they can lose. If you want to maximize your fun and keep from winding up in debt, I suggest heeding my advice in this section.
The primary key to bankroll management is to determine how much money you can afford to lose during a video poker session. It’s important to be honest with yourself; otherwise, you may not have enough cash available when the mortgage payment becomes due.
In the previous example involving Jacks or Better, we estimated that a player would lose $1500 per hour playing perfect strategy at $50 per hand. If your bankroll was $5000, this means you would be able to play for over three hours before depleting your funds. If you were hoping to get six hours of entertainment out of your visit to the casino, then you’ll need to lower the amount of money spent per hand. Playing $25 per hand would result in losses of $750 per hour, which means you could expect to play for over six hours.
Just remember, managing your bankroll is all about calculating what you want versus what you can afford. Since online casinos will already have your credit card or other payment option on file, it’s easy to deposit even more money with a few clicks of the mouse. While this might be satisfying in the short term, remember that it can prove disastrous in the long term. Set a limit and stick to it.
High Limits and TITO Technology
It may sound trivial, but some players are turned off of high limit video poker because they don’t like the idea of sitting there and feeding hundreds of coins into the machine. This isn’t a concern at the lower limit machines, but the high-roller video poker games can require up to $100 per wager. Luckily, the casinos have come up with a number of options.
In some land-based casinos, they have special coins that are worth $50 and even $100 each. Simply visit the cashier, get a box filled with these tokens, and play video poker until you’re satisfied. Oddly enough, you might expect to be watched by a casino employee, as these coins are rare.
The second and more common option involves what is known as TITO technology. This stands for “ticket-in ticket-out.” Basically, the player receives a ticket with their cash balance, allowing them to play high limit video poker machines without dealing with coins or cash. Winnings are also recorded on the ticket, so the player can make a quick visit to the cashier to receive their money.
Most casinos use TITO technology in the modern era of gambling, as it reduces the amount of money handled and cuts down on instances of theft. If you play high limit video poker online, this won’t be a concern. The casino will keep track of your account balance at all times, which means you’ll never have to worry about coins, tickets, and any other cumbersome system.
Playing high limit video poker online requires patience, solid strategy, and nerves of steel. Dropping in $50 or $100 per hand will test your resolve in more ways than one, especially during sessions where the royal flush proves especially elusive. It’s worth your time, though, as video poker is the rare casino game where players can actually hold a statistical advantage over the house.