Keno is the Ultimate Luck-Based Game

There are basically two kinds of gambling games in this world - those based on luck and those based on skill. The true gamble - the ultimate risk - is on a luck-based game. Games like slot machines and roulette are games of chance in which the only aptitude you need is figuring out the rules and understanding the pay schedule. Keno is another popular luck-based game. If you're feeling lucky, keno could be just what you're looking for. Keno is fun and entertaining but it comes with a big proviso - the house edge in keno is very high, which means the odds for the player are very low.

Keno is great if you've been gambling for a while and you need to give your brain a rest. Games like blackjack and poker require a fair amount of concentration; keno is a breath of fresh air after the intensity of the skill-based games. Despite the odds, keno is enjoyable and a great distraction. It also is a great way to have a big thrill with only a little money; a small bet can go a long way in keno� if you're lucky.

You're Fighting the Odds in Keno, But it Could be Worth the Battle

So what about the odds? The payouts for keno are based on how many numbers you choose and how many of those numbers are drawn multiplied by the bet you've placed. Simply put, the more numbers that get picked by the computer (that you have chosen beforehand), the more money you win. The big prize will come your way if you hit all 20 numbers that are drawn and the odds of hitting the jackpot are so impossible that they're along the lines of 1 in 3 quintillion. What that means is that if every person on earth (and there are a few billion people on earth) played keno for the jackpot every day, there would be only one jackpot winner every few thousand years. Not great odds, any way you look at it.

The Odds Are Better in Online Keno

The good news is that the odds in online keno are much better than in casino keno. The payout percentage in a real casino is about 70% (pretty lame) but online you can find payouts of about 90% or even a bit more. You can probably find many sites that supply the lists of odds, but that's the long and short of it in a nutshell. The bottom line is that no one plays keno for the odds; that'd be dumb. People know and love and play keno because it's fun, easy, quick, and, yes, no matter what, there's always the chance of winning a whole lot of money.