The online gambling industry is growing exponentially. According to Grand View Research, the online gambling market registered a valuation of USD 63.53 billion in 2022 and is expected to keep expanding at an annual growth rate almost of 12% for the next seven years.
The main reason behind the exponential growth of online gambling is that every day, more and more people discover that they can play their favorite casino games from their mobile devices without even leaving the house. They can win real money while having fun if they are lucky enough.
At first, online casinos offered only the most typical casino games, such as roulette, slots, blackjack, or poker. But over time, the business expanded, and nowadays, it is possible to access a wide-ranging gallery of games.
The expanse of games available in online casinos played a crucial role in expanding the business because it attracted many people who would not gamble at roulette but could enjoy playing the lottery-like game, such as Keno.
This article will discuss how to gamble online and become an expert by understanding keno odds and other strategies to win real money.
What is exactly Keno?
If you need clarification about how to play Keno online, keep reading to learn more about this exciting game. Keno is a form of lottery that is offered in most land-based casinos, as well as in online gambling sites.
The game consists in placing a wager on numbers from 1 to 80 and checking if they match the 20 numbers later drawn randomly. The prizes are calculated considering how many numbers each player manages to reach.
In most cases, online casinos pay bigger prizes than land-based ones and offer players the best promotions and bonuses.
Since Keno is quite a simple game, almost everyone can play it and enjoy having a great time during the game. But if you want to become an expert, besides knowing about the game’s basic rules, you should research Keno odds to improve your chances of winning.
Getting to be a pro
Websites such as ESPN often offer their readers information about odds that is very helpful to improve their chances of winning real money.
In most cases, Keno’s odds differ from game to game since they are affected by the number of numbers you pick and the number of balls drawn. First, you should know that your winning chances of playing Keno depend on the game paytable, which can be entirely different for each casino.
So, learning about each game paytable becomes crucial to determining if playing that specific game of Keno is convenient.
After finding the best paytable, consider your odds at that specific game. Keno games usually have 80 numbered balls. Every number or spot you choose on your card is called a catch when it matches a drawn number. Since only 20 balls are removed during a Keno game, you can estimate that each number in your card has a 25% chance of showing up in a randomly drawn ball.
With that information, you must investigate to get the best Keno payouts to recover your expenses. Payouts are very different between casinos and states. For instance, according to the New York Times, the New York state will start offering Keno games. They expect to bring 180 million dollars in its first year of operation, a solution to the local deficit in public accounts.
How much a state can rise through offering a Keno game to its citizen is related to the paytable provided to its customers. So, it is all about getting the right balance between having enough chances to recover your money and improving your chances to win.
In conclusion, Keno is an easy and fun game to play. It has been with us for many decades. It is currently available in an online version that allows players worldwide to get connected from the comfort of their houses and access hours of entertainment through their mobile devices.
