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Online keno is - in terms of odds - one of the worst games in the casino. However, if you simply must play this game, we have put together a keno odds calculator so you can make yourself aware of just how bad it really is.
Here is an example: Traditionally, if you only pick one number, hitting that number pays 3 to 1. So, if you select "1" from the drop down menu and enter "0" for 0 hits and "3" for 1 hit, and click calculate, the program will return 0.75. That means that the house edge is 25% and you should expect to lose $25 for every $100 wagered.
Webmaster launches new keno odds calculator to help players
Jan Balslev Pedersen and his colleagues at Online-Casinos.com have a flair for figures, and that led this week to the site's launch of a useful player protective measure applicable to the popular game of keno.
"Online keno is - in terms of odds - one of the worst games in the casino," says Pedersen. "Despite this, there are many players who like the game, and my colleagues and I therefore decided to introduce a facility to help them to avoid getting hammered too hard.
The purpose of our new calculator is to help the players locate the best - or more correct 'least bad' keno bets."
Applying math and programming skills, the team developed a copyrighted unique tool that allows players to calculate the odds on up to 20 keno numbers picked, and this is available to players at no charge on the Online-Casinos.com site (www.online-casinos.com/keno/keno-calculator.asp.)
Pedersen said that the principle behind the concept is simple but elegant: "We took the keno outcome probabilities and put those numbers into our keno odds calculator. For every possible number of spots played in keno there is a probability of each outcome and the odds against that outcome happening. For example: you have roughly a 71-1 shot at hitting 3-numbers picked, while you are almost 85 percent likely to catch only 0 or 1 on the same keno ticket."
Thus far the calculator has proved to be a popular addition to the site, motivating Pedersen to develop further player aids: "We hope to be able to offer more free educational gambling programs in the future, as this will bring us to where we want to be with Online-Casinos," he says.
Using the calculator is simple; the player uses a pull-down menu to select the number of picks from 1 to 20, entering how much each hit pays. By clicking the "Calculate" button the total expected return for the game will appear, giving the player the choice of looking elsewhere or playing with a good knowledge of what the chances of winning are.
Pedersen quoted a typical example: Traditionally, if only one number is picked, hitting that number pays 3 to 1. So, by selecting "1" from the drop down menu and entering "0" for 0 hits and "3" for 1 hit, this will calculate a return of 0.75. That means that the house edge is 25 percent and the player can expect to lose $25 for every $100 wagered.