Everyone wants to know what the odds of winning are to any game that requires you to pay money to play. So just what are the odds to keno you may be asking. Well the odds in keno all depends on how many spots you are betting and how much you bet. It is possible to place a $1 bet and walk away with thousands more. Something you should remember is that keno is a lotto style game, the numbers are drawn randomly and any one of the 80 numbers can be picked at any time.
What are the odds of Keno Spots?
If you play a single spot in keno, your odds of hitting are 3-to-1 against. Play two spots and you are about 16-to-1 against to hit.
If you play three spots, your odds of hitting all three are 71-to-1 and of hitting two about 6-to-1. For four spots, you are 325-to-1 against to hit all four and 22-to-1 to hit three.
Hitting five spots out of five is a 1,550-to-1 long shot, four out of five is 81-to-1 and three out of five is 11-to-1. The odds of going six for six are 7,752-to-1, while five out of six is 322-to-1 and four out of six is 34-to-1.
For seven spots, a clean sweep will happen very rarely, at 40,978-to-1, but you are 18-to-1 to get at least four out of the seven. Eight out of eight is 230,114-to-1 against with an 11-to-1 chance of hitting at least four. Chances of hitting all the spots when picking nine or more numbers gets into the astronomical range. Many people like to play a middle amount of numbers, like seven, eight or nine. This allows a chance at a big price depending on the rules, but it can still result in a decent payout if you only catch a few spots.
What is the House Edge in Keno?
The House edge in keno will depend on the payout odds for each number of spots relative to their true odds. However, the worst edge is almost always for picking one spot, which is usually about a 25 percent edge for the House. Most other numbers of spots fall in the five percent to eight percent range.
You should look at a few different keno sites to see which ones offer the best payout odds for the amount of spots you like to play. This will result in the lowest House edge.
How to Calculate Keno Odds?
Keno Odds Calculator
A keno odds calculator is a gamblers tool for identifying his odds of winning. Basically what you do is input how many numbers you want to play, the calculator will do the rest of the work and tell you what your odds are. There are many different keno odds calculators that are available for use online, the vast majority of them are free to use. The way you interpret the odds is all up to you and your logic.
Keno Odds Formula
If you are a numbers person then calculating the odds of winning at keno should be simple for you. However if you are one of the majority that does not completely understand the formula for figuring odds for keno or any gambling game you may want to consider using an odds calculator. They are easy to find online. If you are one for figuring out what the odds are for yourself, then you can also find different formulas that will explain how to use them. Be careful when choosing your odds formula some of them have jargon that only professional mathematicians will understand and will just leave you with a massive headache.
Are there any best Keno odds?
If you ask anyone that is familiar with calculating odds and how a lottery works, they are certain to tell you that keno has the worse odds of winning out of any game in a casino. The more numbers you select, the greater the payout but the less chance you have of hitting you minimum winning combination.
Typically, selecting three spots in Keno gives you two winning combinations; 2 hits or 3 hits.
With the odds of winning by selecting three spots on a Keno game being 1 in 20 your chances may be good but the potential gains are low. Selecting 10 spots gives you six possible winning combinations (5 hits, 6 hits, 7 hits, 8 hits, 9 hits and 10 hits) but a lower chance of getting a winning combination.
The odds of winning on a 10-spot card are 1 in 253 but can deliver better returns.
The probability of winning the jackpot (all twenty spots) are virtually impossible at 1 in 3.5 quintillion.
Most Keno players stick to less than 10 spots per card with those wanting to play the best game of probabilities, playing 4,5 or 6 spot games. The odds of a win on this number of potential hits is around 1 in 5.
However this fact seems to not discourage people from betting and playing the game.
Many people that play keno enjoy playing because of the thought of betting just a dollar and matching all of their numbers will allow them to walk away with thousands or more. This is more alluring than playing blackjack and winning smaller amounts on a regular basis. If you want to know what the best keno odds are then you should consider playing only the keno games that has a very low house average.
The lower the house average the better your chances of gaining more. The typical house average is around 15% to 20% which typically is also the odds of the game. If you can find a keno game that pays less than 15% you should definitely play it.
What are the payout limits if I win?
Keno Agents have set payout limits, which determine the amount of Keno winnings to be paid as cash to the customer, with any balance paid via cheque. Game results are available from the Keno Agent or online at keno.com.au. You can also check the Keno game screens available at all Keno Agents for game results. When a ticket is presented for payment on the day of purchase, any outstanding unplayed games will be cancelled and refunded. Winnings are paid on the presentation of the printed receipt ticket only. It is your responsibility to check your Keno ticket for completeness and accuracy before the commencement of the game as the payment of wins is based upon the numbers on the printed receipt ticket. The Keno operator is not liable for a player’s failure to check their Keno receipt ticket.