Daily Keno - Should I Play Daily Keno?
Casino keno has the highest edge of any game in the casino - 25% or more. Playing daily keno, therefore, is not necessarily a good idea.
Casino keno has the highest edge of any game in the casino - 25% or more. Playing daily keno, therefore, is not necessarily a good idea. The good thing about daily keno is that it's played very slowly, and for as little as one dollar a pop. If you are almost out of cash at a casino, you can always hang out in the daily keno lounge and play one dollar Keno games. For as little as one dollar, you will have the chance of winning up to $250,000, or smaller amounts).
If you are playing daily keno online, the odds are much better. For instance, the Pick 13 at Captain Cooks Casino offers a lucrative return of 96.54%. Of course, the pace is also much faster, so you could still end up losing more cash by playing on the Internet even though the odds are better, because you are placing so many more daily keno bets.
Gambling authors are famous for saying that you should never play daily Keno because the casino’s edge is so high. Arthur Reber says in his book, The New Gambler's Bible: "I wouldn't play it with Monopoly money, and I hope you never will." Although I think he wrote a fantastic book, I have to disagree with him on this.
It’s not so bad to blow a dollar on a daily Keno ticket for a chance to win quarter million dollars. At least you only end up losing a dollar. Most people know that if they are going to spend time at the casino, they're going to lose some money. Keno’s house edge is high, but playing a few inexpensive games is certainly not going to bankrupt you.
You don't need to get an excellent expected return on every dollar you spend - for example, there’s no expected return when you tip a dealer. It's just a percentage of the cash you know you are going to give up when you go to the casino. You can choose to think of your daily Keno money the same way – it’s the price you pay to have a fun time. As long as you realise how bad the odds are and you are comfortable losing any cash you gamble on Keno, I trust you to make the right own decisions on whether or how to gamble your own money.