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Keno Game Odds
Generally speaking, the game of keno does not offer very good odds for the player. This, however, is a comparison between keno and other games found at casinos. It might be unfair to examine keno in this context, since it bears little resemblance in terms of odds or actual game play to most card and table games. It might be better compared to state lotteries because that is basically how the game it set up. A player picks nine to fifteen numbers out of 80 to come up, with twenty numbered balls being drawn. The more numbers matched means higher stake won, with all of your numbers coming up winning the jackpot. Because there are so many numbers involved (over twice as many as a roulette wheel), the odds are literally sky high - also similar to lotteries. Depending on where you play, the house edge can vary between 25 and 40 percent. Winning a keno jackpot is on pace with winning a state lottery jackpot, where the odds regularly climb into the millions.
Usually, keno games found at land casinos start at $2 a ticket
and have you pick nine numbers out of 80. The odds of you picking
all nine are a little more than 1.3 million to one, and jackpots
usually cap out at $250,000. The allure of the game is largely
rooted in the potentially large reward for small amount wagered.
So why do casinos have Keno if it carries such poor odds?
Casinos have Keno games for a couple reasons:
. To diversify their selection of games. It appeals to a different
type of player than the craps or baccarat player because anyone
can understand its simple rules. As you would expect, it's popular
with lottery buffs.
. It makes a nice profit for the house. Keno lounges usually occupy a considerable amount of space on the casino floor. To ensure a decent monetary return per square foot, casino operators require a hefty house advantage.
Keno at Online Casinos
Playing Keno at online casinos is almost identical to the version
found at land casinos with a few exceptions:
. Players choose a minimum of ten numbers, sometimes as many as
fifteen.
. The jackpots usually aren't as high as $250,000.
. Tickets can be purchased for as little as $1.00
. The time in between games is short, so you can play more games in less time.
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