Five Card Draw Tips

The average winning hand in five-card draw is much higher than the average winning hand in five-card stud. Keep this in mind when you're deciding whether you think your hand will win.
The only real information you get about other players' hands is how they bet and how many cards they take. A player discarding three must be working with no better than a pair. A player discarding two may have three of a kind (or a pair and a high card). A player discarding one may have two pair, or may be trying to finish a flush or straight. A player who stands pat (taking no cards) usually has a strong hand or is bluffing.

Draw to pairs and 4 card straight flushes. Only draw to 4 card flushes and 4 card outside straights when pot odds justify it. There are only 9 ways to make a flush and 8 ways to make a straight, so in order for pot odds to justify the wager, you must be able to win about 6 times what you will have to wager.
Remember J, Q, K, A and A, 2, 3, 4 are inside straights, these hands can only be filled on one end.