Pushfordealer
Pushfordealer
Joined: Feb 25, 2021
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DeMango
October 14th, 2021 at 7:40:32 AM permalink
Hello!

Whatís the best number of picks in keno in terms of returns in the long run?

Thank you
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
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October 14th, 2021 at 8:06:47 AM permalink
Quote: Pushfordealer

Hello!

Whatís the best number of picks in keno in terms of returns in the long run?

Thank you
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Zero.

Seriously, one of my "Ten Rules of Gambling" (which include "Don't bet money you cannot afford to lose," "There is no such thing as a guaranteed system," "Don't play 6-5 blackjack," and "Don't play triple-zero roulette") is, "Don't Play Keno." (Originally, Keno was such a bad game that it was actually Rules 1, 3, and 5, just to get the point across.) The last time I looked, the best play in live-action (i.e. not on a machine) keno was 1 spot, and that had a house edge of 25%, but I think this was back in the days when the maximum payout was $25,000; I'm pretty sure machines have a much better return than this.

Other than that, it depends on the pay tables; I don't think this has an easy answer that applies universally.
TinMan
TinMan
Joined: Nov 17, 2009
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Dieter
October 14th, 2021 at 8:54:55 AM permalink
Iíve never played Keno but I think thereís an argument to be made for live Keno. If youíre betting small (I think mon bets can be $1) and there are only 10-15 bets resolved per hour (I have no idea if this is accurate but Iím pretty sure there arenít 100 games per hour live), your expected loss is going to be much lower than BJ at $5/hand for 150 hands per hour.

I used to think sports betting was foolish. 4.5% house edge! (I believe thatís accurate for a -110 line) Thatís 5-10x higher than any decent BJ game. It took me a few years to appreciate that one $50 sports bet at 4.5% house edge followed up by watching a game and enjoying the highs and lows and drama for 2-3 hours is an infinitely better bet for my bankroll than 2-3 hours of $10 blackjack
If anyone gives you 10,000 to 1 on anything, you take it. If John Mellencamp ever wins an Oscar, I am going to be a very rich dude.
Dieter
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Dieter
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October 14th, 2021 at 9:03:34 AM permalink
There is also an argument for machine keno, if a suitable progressive is involved.

You will have to do your own math in this case, and it will inform your decision on the number of spots to pick.

Straight machine keno is probably a losing play.
May the cards fall in your favor.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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October 14th, 2021 at 10:32:30 AM permalink
Different numbers of spots on different machines can slightly vary in the percentage of pay backs. Most keno machines hold about 9% you can find some with better paybacks.

In general, keno is a bad bet, but it's probably better than the average slot machine payback.

Many modern keno machines can be played super fast.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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