Understand Keno Probabilities & Odds
There is no absolute, hands down, 100% reliable strategy for conquering online Keno odds. Whether you play on land or on the web, Keno odds are indelible. By this we mean that no human factor, tactical maneuvering or systematic approach to the game will influence its outcome. This is true of casino games like Roulette, Craps and Slots, but untrue of popular card games like Blackjack and Poker, wherein player decisions can put the odds in their favor to a greater or lesser degree.
The unchangeable nature of Keno odds can make the game either more frustrating or more exciting. For some, the inability to control the game is unnerving. For others, the challenge of knowing everything one can possibly know about the game and developing a system for working within its confines is exhilarating.
Part of that knowledge, of course, involves Keno odds: What are they? How are they determined? If/how can they be manipulated? Payouts, game variations and the house edge all play a role in establishing Keno odds. The Casinobest.co.uk Keno Odds Guide breaks down Keno math and explains the inner workings of the game in bite size bits. Read on for more information on basic Keno math, Keno odds and how to win Keno!
WHERE TO PLAY ONLINE KENO
Understand Keno Odds – House Edge Definition
To start, let’s talk about the house edge. In simple terms, the house edge definition is a percentage the house takes/claims on each bet placed. Winning bets on every casino game are paid off at less than the true odds in order to pay the house. The claiming of this percentage on wins is one way casinos make profit.
In terms of both the casino and internet casino house advantage for Keno, this percentage typically hovers somewhere around 15%. Translation: a player can expect to keep about 85% of every winning bet he makes. The 15% that goes to the casino is the house edge.
Understand Keno Odds – Minimize Your Losses
When considering how to win Keno, look at the ways you can minimize your losses.
- Employ a betting system that slows down your loss rate. This increases your game’s longevity and puts you in a good position to win small jackpots that are less lucrative but more frequent. Betting five squares instead of 14 may prevent you from winning the jackpot, but it will also prevent you from losing your shirt!
- Play at internet casinos. The overhead costs of internet casinos are lower than those of live casinos so their house edges are also lower. Better still, they offer casino bonuses and promotions that land casinos don’t. Keno odds may give the house some of your money, but free bonus cash and comp points mean you also get some of its.
Understand Keno Odds – Max Bets
The average player doesn’t have the budget to bet the max on every single game. There’s no shame in this. It means only that players must truly understand Keno odds.
The most common bet is five squares on the standard eighty square card. If you place this bet, there is a 27% chance that all five of your numbers will be picked. Conversely, there is a 22% chance that none of your numbers will be chosen.
This comparison demonstrates a simple fact: Keno odds always favor of the house. Nearly a quarter of the time you will have absolutely nothing in your hand. Half of the time you will get some combination of numbers. The remaining 25% of the time, you’ll be paid for your five number bet. As was mentioned above, however, be aware that the win on your five number bet will likely not be enormous. Instead, it will be enough to keep you in the game.
Understand Keno Odds – Keno Odds Charts
Most people want to learn how to win Keno in order to satisfy their dream of becoming an instant millionaire. Indeed, this can happen; but it’s a long shot. You will typically have to match 14 numbers in order to collect a major jackpot. This works out to 1 in 389 million chances of making it big. Below is a Keno odds chart that outlines the probabilities and odds against hitting your picks when playing between 1 and 10 numbers.
|# of Picks||Catch||Probability||Odds to 1||# of Picks||Catch||Probability||Odds to 1|
|1 pick||0||0.75||0.3333||8 picks||0||0.0883||10.3294|
As you can see, the Keno probabilities on a win decrease in proportion to the total numbers picked and matched. It’s also no surprise that the two picks with the highest Keno probabilities pay out the least. We’re sticking to our story, though, and suggesting you think of the long-term and play for the smaller, sustainable wins. Good luck!