The game of Keno is a gambling game that has a rich tradition owing its origins to ancient China. It is very similar in structure to an actual lottery, and it has one of the largest house edges in the pantheon of gambling games (a house edge is basically another way of saying that the casino or gambling house has an advantage over the player, and in the game of keno, that advantage can reach up to roughly 35%).
Nevertheless, despite the often high house edge, it remains a wildly popular game all over the world and especially in Australia. One of the reasons for this is that because it has such a lopsided house advantage, it can also pay out huge to the player, and often, once a player gets a taste of a big victory, that’s all it takes for him or her to be hooked.
However, it bears saying that if high stakes gambling with only a small probability of a big payout is not your bag of chips, then you might want to stick to a game with less of a house edge, such as blackjack or something of that ilk.
One thing regarding keno is that it is growing in popularity, especially in the world of online gambling. Casinos all over the world have been offering it up as an online option for years now, and in fact, it is one of the most popular games in the online market. But how is the game of keno played?
To begin, the way keno works is that, much like bingo, there will be a device, or receptacle that houses 80 balls. In this device, there is typically a blowing mechanism that will blow the balls all around to mix them up. Think of the last time you saw a lottery drawing with one of those gratuitous, beautiful women standing next to the glass case with all of the numbered balls blowing around and mixing up inside of it. That’s pretty much what keno is.
The machine then selects 20 balls at random which are removed from the glass container and sorted single file into a chute. In order for a player to play this game, they must have picked up a designated keno card from the game area. This card will typically have 80 numbered boxes on in, and the player must select up to 20 of these numbers, usually marked in pen or pencil.
The numbers that the player marks represent the bet that they are making. For instance, if a player marks the boxes that say five, 73, two, 63 and one, respectively, then the bet that they are making says that hopefully one or all of those numbers will appear on the drawing of the 20 numbered balls.
The more numbers that come up within the group of numbers that the player wagered, the more the bet will payout. For instance, if the player matches one of the numbers from his bet to the actual drawing, then it will pay less than if the player matched two or more numbers.
There are many different kinds of bets in the game of keno, and there is even an option to select 20 numbers and wager that none of those numbers will be selected. You might think that this bet would happen often, but in reality, the probability of none of the 20 numbers that the player selected come up is very small, so if that bet is won, then the payout is rather large.
One little fun fact about keno is that if a player selects 20 numbers in his or her wager on a bet that says all of those numbers will be drawn, it is the closest thing to a statistical impossibility in the entire universe of gambling bets. You actually have a better chance of being struck by lightning inside of the casino at the exact moment you place that bet than you do at winning the actual bet. In all of the years that keno has been played, and we are talking about several thousand years, this bet has never been won once.
In the world of online casino keno, the rules are the same, but the only major difference is the way in which the bets are carried out. One of the main differences is that you can play the game online for free. Granted, there will be no money won because you, as a player, are not placing any bets, but the fun factor is still there, and this function also allows you as the player to practice before you make your actual bets. This is beneficial because it allows the player to get a feel for the game before diving in.
Once you feel like you are ready, then there are plenty of options for real money online casino keno. Just like in a real casino, the house edge is exactly the same depending on how you bet. This means that if you place a certain bet in a live casino, then the house edge will be the exact same if you place the same bet in the online version.
It is important to note that different online casinos will have different payout structures and rules of how and when you can make bets, but they don’t vary too much, as the structure of keno is universal all over the world, but it is a good idea to know the payout structure of each online casino keno game before you dive right into betting.
It is also good to remember that once you start playing online casino keno for real money, the payouts aren’t going to come like a windfall. That’s just the nature of the game and its probability structure. Be sure that when you are gambling, you only make your bankroll as big as what you are prepared to lose. In other words, when gambling, it is never the gambler’s intention to lose money, but the wise gambler is always prepared for the very real possibility.