1. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice
  2. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  3. Join our $5,000 Cash Giveaway!

    Win Cash by Posting and Inviting New Members!

Keno Odds Are Not Good - What's The Attraction?

Discussion in 'Keno Forum' started by TEACH (AlSpath), Feb 19, 2015.

  1. TEACH (AlSpath)

    TEACH (AlSpath) Active Member Founding Member

    Joined:
    Dec 29, 2014
    Likes:
    142
    Occupation:
    Poker Instructor
    Location:
    Maryland USA
    Odds (from wizardofodds)

    In 2001 I did a survey of every live keno casino game in Las Vegas. The returns ranged from 65% to 80%. In other words, the house edge was 20% to 35%, making live keno among the worst bets you can make in Las Vegas.

    In 2012 I did a similar survey of live keno in Laughlin, which showed a range of return of 50% to 74%.

    In 2008 I did a survey of video keno in San Diego. The returns ranged from 84% to 95%. While the odds are much better in video keno than live keno, keep in mind that the rate of play on a machine is about 50 times faster. Assuming the same bet size per game, you can expect to lose more per hour playing video keno.

    Source: http://wizardofodds.com/games/keno/

    keno1.jpg
     
  2. Jesper Svensson

    Jesper Svensson Member

    Joined:
    Apr 9, 2015
    Likes:
    0
    In my country it is 50% pay out, not very good. But people play it, I buy one sometimes. Most put in 5 dollars only. The attraction is not the odds, wich is remote. But IF you win the bigger, you can stop play, it can be millions, in some more populated countries a lottery can pay out billion.
    The chanse of the jackpott of 100 million is very remote, the chanse you die on the way to the bank is greater. But people know THERE ARE WINNERS.

    People without a fortune and no chanse in life to get very rich, it is not too irrational to by a ticket. It is a Dream for only a few dollars.
     
  3. Tony Baloney

    Tony Baloney Member Lineage to Founders

    Joined:
    Mar 31, 2015
    Likes:
    21
    Occupation:
    Robbing casinos
    Location:
    Third Base
    Where I live, some numbskull about 7 years ago, took these Keno spot ten numbers: 30 31 32 33 34 35 36 37 38 39 and the idiot collected $3M. The casino still promotes this dude's lucky day.
     
  4. Jesper Svensson

    Jesper Svensson Member

    Joined:
    Apr 9, 2015
    Likes:
    0
    I check every day for a post in the "Advanced Play (keno)!:D
     
  5. Mickey Crimm

    Mickey Crimm Well-Known Member

    Joined:
    May 15, 2015
    Likes:
    176
    Advantageous situations can be found in video keno progressvies....but you won't find them in Nevada. The only advantage play I ever had in video keno in Nevada was when John Ascuagua's Nugget had a promotion about 10 years ago where you got paid double for the top line hit. You had to play at least five numbers. I had to find a five spot payscale that was top heavy. The promotion was supposed to last for two months. About a week into it they disqualified the five spot. So I moved up to the six spot. A few days later they cancelled the promotion altogether as other people had the same idea as me.
     
  6. Scotchtape

    Scotchtape New Member

    Joined:
    Aug 4, 2017
    Likes:
    0
    Location:
    Las Vegas
    The keno lounge GoldenNugget in Laughlin had a terrific birthday promo in the past, excellent advantage play.
     

Share This Page