Video poker combines the thrill of gambling with strategic decision-making, but even skilled players face periods of ups and downs. To succeed long-term, it’s crucial to understand three key concepts: variance, risk of ruin, and bankroll management.
What is Variance in Video Poker?
Variance describes how frequently and dramatically your bankroll fluctuates while playing. Some games have bigger but less frequent payouts (high variance), while others offer smaller, more consistent payouts (low variance).
- High-variance: Big wins are rare, causing larger bankroll swings (e.g., Double Bonus Poker).
- Low-variance games provide steadier returns and smaller swings (like Jacks or Better).
Choosing a game aligned with your risk tolerance ensures an enjoyable experience and better bankroll longevity.
Understanding Risk of Ruin: Protecting Your Bankroll
“Risk of Ruin” refers to the probability you’ll lose your entire bankroll before you achieve significant winnings (like a Royal Flush). It’s influenced by three factors:
- Game variance: Higher variance increases swings and potential risk.
- Bankroll size: A smaller bankroll naturally carries greater risk.
- Bet Size per Hand: Larger bets increase your chance of running out of money quickly.
For example, betting $5 per hand on a high-variance game with only a $100 bankroll poses a higher risk of ruin compared to betting $1 per hand on a lower-variance game.
Managing your risk of ruin is essential—it helps you stay in the game long enough to benefit from optimal strategy.
Bankroll Management Tips: How to Minimize Your Risk
Proper bankroll management directly influences your long-term success in video poker. Follow these critical tips:
- Set Strict Limits: Always define how much you’re comfortable risking before each session.
- Choose Appropriate Bet Sizes: Adjust your stakes according to your bankroll—smaller bets mean longer gameplay and lower risk.
- Match Game Variance to Your Bankroll: Beginners and players with limited bankrolls should stick to lower-variance games.
- Use Optimal Strategy: Mistakes significantly increase your effective risk of ruin. Always follow basic strategy guidelines to maintain the lowest house edge possible.
Choosing the Right Game: Variance and Bankroll Recommendations
Use this quick guide to select video poker games based on your bankroll and comfort with risk:
| Variance Level | Recommended for | Example Games |
|---|---|---|
| Low | Beginners, cautious players | Jacks or Better (9/6) |
| Medium | Intermediate players with moderate bankrolls | Bonus Poker |
| High | Experienced players with substantial bankrolls | Double Bonus, Triple Double Bonus |
For more detailed game selection guidance, explore our Jacks or Better strategy overview and Deuces Wild strategies.
Why Bankroll Management Matters in Video Poker
Proper bankroll management is more than a conservative measure—it’s the cornerstone of a successful long-term approach to video poker. A disciplined bankroll strategy reduces the likelihood of going broke, ensuring you can withstand temporary downturns while working towards positive expected returns.
Ultimately, variance, risk of ruin, and bankroll management aren’t just abstract concepts—they’re practical tools you should master to improve your enjoyment and success at video poker.