Las Vegas Gambling Tips: Video Keno – Part Ten
On The Town With Vegas Vic
By: Victor H. Royer
Welcome to Las Vegas! My name is Victor H. Royer, but everyone just calls me Vegas Vic. I was named after that famous neon sign in Downtown Las Vegas, that cowboy with the hat on top of the Pioneer Club, always waving his hand and beckoning to his long love, Sassy Sally, on the other side of the street. I will be writing a few articles for AccessVegas.com, so I hope you enjoy them.
Video Keno – Part Ten
This article is continued from our last column.
Video Keno Strategy Continued.
While Video Keno is not necessarily among the best games that may be available — odds wise when seen from that perspective — it isn’t one of the worst games either. There are many video poker versions, for example, whose payback percentages are a lot worse than those in Video Keno, while the odds of winning something are thousands of times longer than their comparable cash-equivalent wins in Video Keno. And that’s a fact, as indisputable as any math expert wishes to make it. The point here is that no matter how “bad” the game may appear from the mathematical perspective, even a game that holds 8.03% for the house — or whatever such a house hold percentage may be — it also has to pay out 91.07% of the money cycled through it (or whatever that percentage may be on the game, comparatively speaking). Although it is always better to look for and play games whose programs allow them to pay back more, it isn’t the only factor to be considered in any strategy and — most importantly — nothing in such programs excludes the possibility, or the viability, of actually having a strategy for such games.
Therefore, anyone who says that there can’t be any strategy for negative expectation games isn’t wholly able to grasp the big picture, and is mostly mired in a singularly-limited and highly dogmatic mis-understanding of what the objective of gambling games is. The objective of all gambling games is: To have fun, and, To make money. That’s it. One doesn’t necessarily exclude the other, although either can be practiced without the other. Consequently, strategies for casino games whose in-built house withholding percentages are inflexible — such as machine games where the programs are not manufactured with the possibility of more than 100% payback based on skills, of which all Video Keno games are such a version — such strategies must be based in the exploitation of short-term slices of the overall game reality, and the ability to maximize profitable yield and limit the exposure to losses.
Such strategies are possible even for games whose basic programs don’t allow them to “pay back” equally, or greater than 100%. These games are not “unfair” games, they are simply casino games designed to produce revenue for the owners. Players, therefore, must be able to play such games in short bursts — relative to the life of the machine’s program — whereby the player can use and exploit some of the oddities of anomalistic behavior of random events. Video Keno offers perhaps the clearest example of such oddities, and they do produce financial results over and above the general negative-expectation nature of the game.
Click to read Video Keno – Part Ten (Continued)
Victor H. Royer, known as Vegas Vic, is the author of 42 books. Mostly known for books, articles, and columns on casino games and gambling, he is also the author of New Casino Slots, Great Gamblers: True Stories and Amazing Facts, The Great American Joke Book, as well as his works of Fiction, which include: Another Day, and the Western: Riders on the Wind. Versatile and multitalented, Royer is the creator, producer, and host of the Web-TV show Great Casino Slots, now showing at www.LasVegasLiveTV.com. He also composes music and performs under the names Glenn Diamond, Pappy Jones, Hans Dorfmann, and Miguel Armandaiz. For more information, please visit him at www.MoreCasinoDeals.com and www.GamingAuthor.com. Sign up for the Insider Advantage Newsletter at: http://www.accessvegas.com/membership
His books can be ordered through this website, by following the links provided
(c) Copyright 2016 Victor H. Royer. All rights reserved. For syndication purposes, contact GSR Holdings Inc. at: [email protected]
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