Video Keno Payouts
In this Article we Present to You an Extensive list of the Most Commonly Used Terminology in Keno!
Today, you can play keno both offline as well as online. If you are new to Keno, you would do well to know the different terms used in the game. What is an ‘all or nothing’? Or a ‘ball game’? What does someone mean when he uses the term ‘buy-in tournament’? This article provides a glossary of these and some other terms used in Keno.
- If you want a better chance to win at Keno spend your time with an online game rather than a live casino game. Payouts at live casinos range from about 60% to 70%; probably the worst payout percentage in the house. Payout percentages at most online Keno games are significantly higher.
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The Most Important Keno Terms to Know
Keno Odds & Probabilities: One of the great things about keno is that the odds of any particular outcome occuring do not change. As long as the keno game has 80 numbers to choose from and 20 numbers are drawn the odds and probablilities are always the same.
Keno: This is today’s version of an ancient Chinese lottery. You get to draw 20 numbers out of a total of 80 (nowadays the total is 120), and you win if you are able to correctly guess the numbers drawn.
All or Nothing: This is a term used in Keno to represent a ticket that pays only if you draw all the numbers picked, or if you draw none of the numbers picked.
Ball Game: This is the most common form of Keno nowadays. In this form of the game, plastic balls represent the numbers.
Blank: This is a term used to represent an unused Keno ticket.
Blower: The blower is part of the machine that is used to dispense the plastic balls used in Keno. With the blower, the game operator can force the balls into a tube, using air.
Buy-in Tournament: This is a type of Keno tournament where you have to pay a pre-determined fee upfront. Once you pay the fee, you are eligible to play in a specific number of games or play a set number of tickets. In a buy-in tournament, you get to keep any money you win.
Cage: The cage is no longer used in Keno games today. Basically, it was a wire cage used in the earlier days to hold Keno balls. Today, you mostly find plastic hoppers. The term ‘cage’ also denotes a specific area in a casino where only employees are allowed, and where you can find Keno workers.
Catch: This is a term used to denote a number that you have called in a Keno game.
Catch-all: This is a type of Keno game where you have to get all the numbers marked on your ticket. Another game is Catch-zero, where you must ensure you do not get any of the numbers that you have marked on your ticket.
Close: This is a term used to identify that period in time when the casino stops writing any more Keno tickets. The time period usually stretches from just prior to the draw till immediately after the draw.
Fractional Rate Ticket: This term is used to represent a ticket that you can play for a fraction of the standard rate.
High End Ticket: This term is used to refer to a Keno ticket that pays you more if you catch a high number of spots. However, if you catch a lower number of spots compared to the standard ticket, you win less or even no money.
High Roller Ticket: This is a Keno ticket whose minimum pricing is high.
House Edge: This term is used to represent the percentage of bets that the house, i.e. the casino, can hope to win over time. The standard house edge is 30%, though this number is not necessarily the same for all casinos.
Keno Glossary – Summing Up
The above are some of the terms that you will encounter when you start playing Keno. You would do well to read up more about the large number of terms related to Keno before going ahead and trying your luck at the game. We have further glossary lists on our site so check them out!
Jacks or Better is the video poker game on which all other games are based. Understanding this pay table is one of the first things any prospective player should undertake. Here’s an example of a Jacks or Better pay table:
We want to point out a couple of things about the pay table above. First of all, notice the disproportionately higher payout for the royal flush when you bet 5 coins. See how it pays out 250 to 1 for every bet of fewer than 5 coins? But then it pays out 800 to 1 for the royal flush.
The next 2 payouts that are especially important are the payouts for the full house and the flush, in this case, 9 and 6. This is the best version of Jacks or Better that you’ll find. Pros call this a “full pay” game, or a 9/6 Jacks or Better game.
Based on the payoff amounts above, if you play with optimal strategy, this game offers you a 99.54% payback percentage. That’s the amount that the machine pays back in the long run, based on the odds of hitting these hands compared with the payoffs for these hands.
But this is not the most common Jacks or Better pay table. You’ll also see 8/5 games, 7/5 games, and even 6/5 games. Each of these has lower payouts for those hands, and correspondingly lower payback percentages.
Here’s a table listing the most common pay tables for Jacks or Better along with the payback percentage for each if you play with optimal strategy:
- 9/6
- 99.54%
- 8/6
- 98.39%
- 7/5
- 96.15%
Video Keno Odds And Payouts
If you know anything about slot machines, you’ll notice that even the worst pay table at Jacks or Better video poker offers a better payback percentage than most slot machine games.
Las Vegas Keno Payout Table
Unfortunately, other video poker games don’t necessarily make it so easy to determine the payback percentage. That’s because they vary the payoffs for more hands than just the full house and the flush. We’ll take a look at some of these other games and their pay tables below.