If you’ve ever played any kind of casino game, you’ll likely have heardabout the house edge. That is the cut that all casinos take from their games. After all, casinos need to make money somehow, and you can’t expect them to pay out constantly!
This concept of the house edge even applies to seemingly simple games like keno. Keno is a game that’s similar to lotteries. You pick a set of numbers, and a machine will then randomly select winning numbers from a set series in its programming.
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However, let’s focus on keno and its house edge and what you need to know.
House edges to expect in keno
The fact is keno house edges will differ from game to game, establishment to establishment, and so on. Keno is a game that works to pretty simple odds. However, when you start thinking about how much a casino, online or otherwise, will retain from the money you put in, you need to look at things on an individual basis.
For that reason, let’s take a look at a couple of sample figures. Some statistics show that the higher the number of balls you pick in a round of keno, the more likely it is you will get a return. That isn’t always going to follow.
However, some research shows that the house edge on a ‘pick 10’ game may be, say, 86%, while a smaller ‘pick 3’ game may be 84%. There doesn’t seem to be much of a difference, but you have to consider how this all works in practice.
Anything more than 5% in house edge is likely to be weighted in favor of the casino. However, that tends to be the standard. Just as you’d look at the ‘return to player’ (RTP) of a slot game online, you’d look at the house edge in keno and analyze how much money you’re likely to make back over a lifetime of play.
Is this a good way to measure your wins?
Not always. The house edge in keno will generally tell you how likely it is that a keno game will pay you during its run. That doesn’t always act as a good indicator as to whether or not you are going to get big wins, or whether or not you will win regularly.
Therefore, our advice would really be to keep check on the various games providers out there and to make your own luck! Keno will vary from casino to casino.
If you don’t find that keno is working in your favor too often, remember there are stacks of other great games out there you can play online which might give you a bit more of a shot at some big prizes.