Do you wish to understand odds and for this you first need to understand how the game is played. The game of keno employs 80 balls that are numbered 1 through 80. During each draw the house draws 20 balls at random and displays their numbers on video screen or digital boards, called keno boards. The results of the draw are also displayed on video screens that are located throughout the casino and in the keno lounge pay off depending on various modes of play.
The object of the keno game is to choose numbers that are direct hits. These twenty numbers are on balls which are drawn randomly from a hopper. The balls are mixed together and then read by a casino dealer. If you are playing online, then the numbers will more than likely be selected by a RNG, which is simply an acronym for a computerized program known as a random number generator.
The Best Odds
Do you know your best Odds when it comes to playing keno. Each casino has its own casino brochure which helps you decide how much to bet on each ticket.
Finding straight out the best odds is harder than you would think. There is currently no information about the best keno odds in Australia. That includes the optimal amount of number (spots) to choose, size of bets, if jackpots play a part and if the odds of different online keno sites changes from site to site.
Deals in Live Casinos
In live casinos, video keno tends to be a better deal than the slower, more labour-intensive traditional game where you fill out physical cards and wait for each drawing. However, the best deals of all are usually found at online casinos, where keno often has the same great odds you’d find from online slots or table games. As a rule of thumb, live keno games might typically return 70%-80% to a player, while video keno will often return over 90%. The best online games surpass 95% on occasion.
The reason for this is simple. In your local area, one or two casinos might dominate the gaming landscape. On the Internet, a website has to compete against dozens, maybe hundreds, of competitors (depending on location). They have to offer better odds or they lose their customers.
As an example of how the odds work. Suppose in an online keno game, there are different house edges and different payouts depending on the exact number of spots you’re playing. Imagine you’ve played the maximum number of spots allowed: 15.
Here are the payouts for hitting each number of spots; as a reminder, keno odds are expressed “for one,” meaning that a payout of 1 means you’ll only be getting your money back (as you originally spent 1 unit to play).
3 Spots: 0.5
4 Spots: 0.5
5 Spots: 1
6 Spots: 2
7 Spots: 5
8 Spots: 15
9 Spots: 50
10 Spots: 150
11 Spots: 300
12 Spots: 600
13 Spots: 1,200
14 Spots: 2,500
15 Spots: 10,000
The overall return for the player is 94.39%, for a house edge of 5.61%. There are a few other interesting statistics we can gather from this:
- The player will get at least something back approximately 80% of the time. However, that includes times when the player only receives half of their bet back. If we eliminate those, the player will at least break even about 31% of the time.
- The player will make a profit (win 2 or more units) only about 13% of the time.
- The most common outcome is hitting 4 spots (25%) followed by hitting 3 spots (24%), meaning the player will get half a unit back about half of the time.
- The odds of hitting one of the jackpot payouts are, of course, pretty slim. You’ll hit the full 15 spots about once every 428 billion hands. But several other outcomes are also very unlikely; you’ll hit 14 spots once every 2.85 billion hands, 13 spots once in 48 million, and 12 spots once every 1.5 million times you play.
- On the bright side, you’ll usually hit something when you play; you should only find yourself hitting zero spots once every 125 draws.
How to Increase Your Odds of Winning
It may seem that the key is to play as many numbers as you can and as cheaply as you can. However, one drawback of playing as many numbers as possible is that the more numbers you mark the more you have to get exactly dead on in order for you to score anything. The biggest mistake made by beginning players is playing too many numbers at first and this is one way that the casinos can suck your money away from you.
When it comes to keno there is only one universal truth – the odds are the same no matter what you play. The payoffs are set such that in dollar terms the house percentage is pretty much the same regardless of how many numbers are won.
Payouts in lotteries, bingo and keno vary depending on the number of tickets sold in each game, but the keno pay out is $2 million-less than a quarter of the odds against the house.
Sometimes there is bonus for making off a lot of numbers (such as 15) if you hit a certain number. In most casinos, that winning bonus number is the number 0. If you happen to be in a casino and there are keno games offering a bonus, then your best winning strategy is to play the bonus number (or numbers) as often as you can.
A woman in Australia has beat 1 in 53 billion odds to win Keno twice in 12 months – with the same eight numbers. http://tf.to/c65A
— Australian Herald (@australiaherald) January 7, 2011