As table minimums continue to be ridiculously high in many places ($15 craps at the El Cortez? Really?), I have shifted a lot of my play to video poker. I'm mostly OK with VP, but it does tend to get tedious after a few hours and I find the "carnival variations" to be more exciting and entertaining. Which variations (if any) provide the best expected return? I know that I'm not going to get comparable paybacks to traditional video poker, but are there games that at least offer better payback odds than traditional slots?
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You ask a very good question and it’s much easier to ask than it is to answer!
There are several dozen varieties of what I think you mean by “carnival variations.” Possibly the most famous one is Ultimate X, of which there are at least eight different versions. Each is different, with its own idiosyncrasies and strategies.
Even if you were concentrating on a single version -- say, Ultimate X Gold -- perhaps 10 different games are offered (Jacks or Better, Bonus Poker, Double Bonus Poker, etc.) and each has a number of different pay schedules. The strategy for each of these variations (there are many dozens of game-and-pay-schedule combinations) is different from the others and every one requires skill to play. Further, the skill required to play UXG well is very different from the skills required to play, say, the myriad versions of Ultimate X Bonus Streak.
No “standard” mix of carnival games is offered at all casinos. Each has its own mix with its own pay schedules. However much I write about the many variations of UXG, the game is found in relatively few casinos. And just knowing that a particular pay schedule of, say, Double Double Bonus UXG returns 98.4% doesn’t mean that the game is worth that much to you. This game returns perhaps 50% if all the multipliers are at their minimum and 220% if they're all at their maximum, with possibly 3,000 different unique combinations of multipliers. The correct strategy for each of these combinations is somewhat different. No human (not even Rainman!) can play all of these combinations accurately. And this is just one pay schedule for one game in one game type. Each error you make takes away from the expected return. Unless you’re playing perfectly, that 98.4% figure is an unobtainable goal.
We haven’t even spoken yet about Dream Card, Face Card Frenzy, Lucky 8 Wheel Poker, Quick Quads, or Super Times Pay Wheel Poker. Among others.
There is some hope of understanding these games. Most, though not all, video poker variations have been developed by videopoker.com. If you go to their website, you can play many of these variations to see if you like them. The website is free to visit, but comes with a lot of commercials. If you sign up for the Gold membership, $8.95 a month or $79.95 a year, you get to play these games without the ads. For many of the games, they tell you the return on a particular game, allow you to change pay schedules, and give you a rudimentary red-light/green-light correction on whether you've played a particular hand correctly.
Their Pro Membership gives you a much fuller computer correction for many, though not all, of these games.
So the information you seek is available, but they're all games of skill and you’ll have to work to get good. (I’ve been playing video poker for 30 years and am still learning!) I know of no way to spoon feed you this information so that you can absorb and apply it without a lot of work on your part. That’s just the nature of the game.
The regular video poker games, which you describe as tedious, tend to be much easier to learn. Most have one strategy per game that allows you to come much closer to mastery than the ones with hundreds or thousands of different strategies for playing one particular game.
Have fun!
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