Keno Odds

Ask any enthusiastic casino gamer about Keno odds and they will probably have no answer to give. This is because each casino (whether the traditional land based casino establishment or one purely online) will make its own pay tables and betting options that dramatically alter the odds of winning or losing. For instance, the “house edge” for a game of Keno might be as low as 4% or as high as 35%. This is significant because it varies so differently from the other non-slot games statistics which tend to range from a house edge of less than 1% to no more than 5%.

Do the Keno odds demonstrate that this is a game to avoid? Not at all, it just shows that every single casino can basically establish its own set of odds, and it is the responsibility of the player to determine what the prizes are for winning tickets and what their chances of winning are as well.

To get a very simple understanding of the odds, the player just needs to know that payments are usually based on how many correct numbers are selected by the player in relation to the numbers drawn by the casino. Generally, the payments will increase with each corresponding number because the common casino award system uses a base rate multiplier to calculate the prize.

So, this could mean that a player who selects all twenty numbers and who also happens to choose those correctly, which in Keno odds is estimated around 1 in 3.5 quintillion (yes, that is an actual number), would receive a massive prize payment. What is more likely, however, is that a player will get around one to seven of these numbers, and their reward will vary according to the way they placed a wager on the numbers selected.

Tickets in a game of Keno can be “straight”, “combinations”, or “king” and this is how the prize payments are determined and distributed.