keno system

[darkydog2002]

dont laugh but the wife wants to know if anyone has a keno system.she loves a game or 2.

[becareful]

:lol:

Sorry - couldn't help myself!

Seriously Keno is a lot like Roulette - in the long run the house will ALWAYS win but there are a few fun "doubling" type systems that will work most days (but in long run you will lose money). Important thing to note is that this should be treated as fun only so always have a loss limit and walk away if you lose that much (also a good idea to have a target and walk away if you win that amount).

Keno rules & payouts vary a bit depending on who is running the game (eg. NSW clubs different from ACT clubs different from VIC clubs, etc). If your version of Keno offers Odds/Evens or High/Low betting then you can bet on these options doubling bet after each loss and reverting to start bet after a win (like the doubling system on Red/Black in roulette). Alternatively you can use a similar system betting a single number (as this usually pays $3 on win you don't need to double after every bet).

Note that KENO odds are worse than Roulette so you are more likely to lose with these systems on Keno than you are with Roulette - that is why they are definitely for fun only and you must stick to your limits.

Important thing is to HAVE FUN and don't get upset if you do lose because it will happen sooner or later!

[darkydog2002]

thanks becareful.i will let her know your thoughts on the matter but whether she takes a bit of notice is another matter.god dont you just love them.

[Hammers]

Here's my keno system.
I'm in the club and pull out a lobster to play keno.
I then remember that $20 can buy me 8 schooners and I say to myself "what is more enjoyable; 8 delicious cold schooners of Black Old or cheering for number 69 like a dill for 25 minutes?"
As the last coldie slides down my gullet I am sure I have made the right choice.

[becareful]

Darkydog,

Yes - I have a wife, 2 daughters and a dog. No prizes for guessing which is the only one who listens to me! :smile:

[Mark]

Hey becareful I can beat that, a wife, 2 daughters (teen & pre-teen) & 2 dogs, both female !!!

HELP

[becareful]

My sympathies Mark! At least our dog is (or was) a male!

[woof43]

Hi, If you gain an understanding of how to apply staking to negative result producing games, such as keno and roulette and learn discipline, your road to success in fertile games such as racing can be assured.

If you look at playing keno , you first need to find which number provides the least edge to the club, that number is playing the 3 spot game.
Now the payoff for the 3 spot is $44 so what first needs to do is look at if when i increase investment when does my profit become exhausted in this game.
The basic staking method is to increase your unit of investment after each loss, this will provide us with the maximum number of plays before we exhaust any chance of recouping our losses the formula you use is 44 times 2 minus 1= 87
87 squared + 87 /2 =3828
so after 87 games i will have invested 3,828 dollars and if i have not won in any of those 87 games its impossible to recoup my loss and show a profit.
Now if i change this strategy to investing 1 unit until the 42 game then add another unit so now i'm investing 2 units , then at the 63 rd game i add another unit and so on I will be able to play 193 games using this simple staking mathod an if i win in one game i will show a profit.
(playing the same numbers in every game)
after the 193 games if i have not had one win my investment would have been a loss of 2,205 ...
The reason i posted this message is to uncover the blinkers to whats possible even in negative producing games.
Think how this may work in a game as roulette where there is a slight human bias, the spinning of the wheel and speed of ball
But imagine how productive it becomes investing in trifectas...

<font size=-1>[ This Message was edited by: woof43 on 2003-01-01 18:01 ]</font>

[bond007]

Whoa...Are we talking Keno as run in clubs by real people taking real balls out or the computer generated ones you see in clubs and TABs?

If people aren't aware, the computer generated Keno games are NOT delivered at the same odds as an 'organic' game. They are programmed along the same lines as a poker machine where there's a set take out (higher for Keno than the pokies, by the way) and a set of high-low parameters that are worked within.

Fundamentally, if it's time to pay (i.e. above the high parameter) then the payout at that time will be increased.

Cheers
John

[woof43]

Hi John , I hope i wasn't giving the impression that you can develop a system to profit from a negative expectation game.
But there are a number strategies that one can use to extend the number of betting series in the hope of finding a winner.

<font size=-1>[ This Message was edited by: woof43 on 2003-01-02 20:40 ]</font>

[becareful]

John,

Not sure whether this is true of all computer generated games but the one run by S.A. Lotteries (played in South Australia and also in ACT via ACTTAB) is run with same odds as the "organic" game. The numbers are generated by a random number generator and there is no fixed take out - the take is just determined by the odds (eg. if playing 1-spot then you have a 25% chance of winning each game but the payout is only $3 so the house take is 25%). As woof43 correctly pointed out the 3-spot gives the lowest house take figure (the high-spot games have the biggest house advantage which is why they are promoted more than the low spot games). However the odds are still pretty poor so I wouldn't recommend playing it at all except purely for some fun.