When playing a poker game you will usually find that you have a variety of options available to you in terms of different ways to play and ways to approach just about every hand. At the same time, you will have a huge range of different terms to learn and information to gather about how the game itself works.
Being able to understand everything you are being told and taught as the game goes on is very important – in fact, understanding the terms out there is as important as actually understanding the game on its own!
One term that you will hear a lot is House Advantage, and with online poker you will probably hear it even more than normal. If you are always looking to maximize the chances of victory in any game of poker you will need to know how to manage house advantage, and what it actually entails.
If house advantage stays still, it can actually affect the kind of winnings that you will get – what you need to do then is understand how these changes take place. Each video poker game is a bit different, so always read the rules back.
House advantage, in the simplest terms, is the average amount of money that you will stand to win or lose on a specific bet. This is based on a specific percentage of that bet. So if you are playing in a game with a house advantage of 5% you will get roughly $0.95 for every $1 bet that you make.
This higher the house advantage is, the less the chances you have of actually winning overall because you always running at a minor loss thanks to the advantage provided to the house. It can seem a little unfair, of course, but that’s online gaming!
You also need to understand volatility; this is how spread you are from the average that you are. For example if you are playing roulette the volatility can be extremely low – with other games like slots you will find that volatility is far higher and this can in turn damage your chances of success in various ways.
This means that house advantage will probably stay at the same level throughout but it will also cause you to go through some rather major swings. It can be confusing at first, but it’s something you’ll get used to.