Finding The Best Odds in Keno
When playing any casino game, it is important that you try to find the best odds possible, and the bets possible so that you have the best chance to end your session as a winner. The same rules apply both to online casino and live casinos. In fact, finding the best odds is even easier at an online casino as the information is readily available on the internet for all the major software platforms.
Why is it important to find the best odds? Well, because a house edge is factored into every casino game, you need to have as good a chance as possible to beat the casino. Now, if you have the choice of a casino with a 1% house edge or a casino with a 2% house edge, you would always choose the casino with the 1% house edge, because as long as you win 51.1% of the time, you have a profit, but you need to win 52.1% of the time to make a profit, which is slightly more difficult. Make things easy for yourself by finding the best odds.
When playing keno, finding the best odds is a tricky thing to do, because different casinos have different pay tables, giving you different odds on various combinations of bets. So the first thing to do when you are looking for the best odds for keno is shop around. For example, let’s say you like to pick 5 numbers on a keno slip and you want to play keno at the casino. You have the choice of two casinos in your area, Casino A and Casino B. You decide to look at the odds both casinos for for a 5 spot bet on keno to a $1 stake.
Casino A
Catch 0 – 0
Catch 1 – 0
Catch 2 – 0
Catch 3 – $1
Catch 4 – $15
Catch 5 – $700
Casino B
Catch 0 – 0
Catch 1 – 0
Catch 2 – $1
Catch 3 – $2
Catch 4 – $15
Catch 5 – $700
Obviously you would choose to bet at Casino B, because you only need to catch two numbers to get your stake back, and if you catch 3, you make a profit of $1, while at Casino A catching 3 numbers means you get your money back. The odds of catching 2 numbers on a 5 spot bet is 27%, while catching 3 is just over 8%.
So do your research first, and check out the casinos’ pay table for keno to ensure you get the best odds available. And, of course, you need to know the chances for every catch on various spots. To do that, you can use the following table and compare what the house pays to the actual chance of it hitting. For example, if the chance of catching 3 numbers on a bet is 33%, you would be looking to find a casino that pays as close to 2-1 as possible. Use the table below to help you work out how close each casino is to paying the expected value.
Spots Played Catches Chance of Catching
1 spot 0 75.00%
1 25.00%
2 spots 0 56.00%
1 38.00%
2 6.00%
3 spots 0 42.00%
1 43.00%
2 14.00%
3 1.00%
4 spots 0 31.00%
1 43.00%
2 21.00%
3 4.00%
4 0.30%
5 spots 0 23.00%
1 41.00%
2 27.00%
3 8.00%
4 1.20%
5 0.07%
6 spots 0 17.00%
1 36.00%
2 31.00%
3 13.00%
4 2.90%
5 0.30%
6 0.01%
7 spots 0 12.00%
1 32.00%
2 33.00%
3 17.50%
4 5.20%
5 0.90%
6 0.07%
7 0.002%
8 spots 0 8.90%
1 27.00%
2 33.00%
3 21.00%
4 8.00%
5 1.80%
6 0.20%
7 0.02%
8 0.0004%
9 spots 0 6.00%
1 22.00%
2 32.00%
3 25.00%
4 11.40%
5 3.30%
6 0.57%
7 0.06%
8 0.003%
9 0.0000024%
10 spots 0 4.60%
1 18.00%
2 30.00%
3 27.00%
4 15.00%
5 5.10%
6 1.20%
7 0.16%
8 0.01%
9 0.00061%
10 0.000011%
It is also worth bearing in mind that some casinos pay a bonus if you select a large amount of numbers and manage to catch none of them. For example, it might pay out a ‘stake back’ bonus if you play a 10 spot and catch 0 numbers, because there is only a 4.6% chance of that happening. If you can find a casino that offers a bonus on keno, you should almost always play that, as long as the odds are on par with the other pay tables offered by casinos.
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