- Joined
- Jan 30, 2018
I still cannot believe BMJ has gotten into Keno. Though I shouldn't be surprised he'd choose the table game with the literal worst odds -- on par with slots for how much edge the house has up on you.
Here's some resources from the Wizard of Odds regarding Keno:
Notably, the house edge for virtually all forms of Keno are near or above 10%, which is atrociously bad when you consider perfectly played blackjack has a house edge of about 0.5%
I like rolling dice, so If I want to have fun, I play craps. Preferably at a table with a very low minimum bet (ideally $5 or less). When played optimally, craps has a variable house edge. A simple pass line bet with no odds has a house edge of about 1.5%. A simple don't pass line bet has a house edge of about 1.4%. However, you can reduce the house edge to about 0.4% if you take or lay odds. However this comes at greater risk, since the reduction in house edge is directly proportional to the greater the multiplier of odds you're allowed to take. This is because betting on odds pays at true value rather than casino value. Some casinos only let you take/lay 2x your initial bet, others will let you take upwards of 10x. The higher the multiplier, the greater the reduction. It all depends on the casino's rules for the tables and how comfortable you are with risk.
That being said, the game with the best odds in the casino that you can play at-will is anything PVP, usually Texas Hold'em. Since you're not playing against the house, there is no house edge. The only rub is the house takes a rake so as not to lose money hosting the tables.
But in my opinion the absolute best bang for your buck is to enter a Texas Hold'em tournament with zero to one re-buys. You pay a flat fee to enter the tournament and are given certain amount of chips. If re-buys are allowed, you can pay an additional fee when you're felted that grants another certain amount of chips. If you get felted again, you're out. If you made it far enough, you'll win prize money.
It's important to remember when gambling that you can win in the short run if you're smart about leaving while you're ahead. But in the long run, the house always wins.
Here's some resources from the Wizard of Odds regarding Keno:
Notably, the house edge for virtually all forms of Keno are near or above 10%, which is atrociously bad when you consider perfectly played blackjack has a house edge of about 0.5%
I like rolling dice, so If I want to have fun, I play craps. Preferably at a table with a very low minimum bet (ideally $5 or less). When played optimally, craps has a variable house edge. A simple pass line bet with no odds has a house edge of about 1.5%. A simple don't pass line bet has a house edge of about 1.4%. However, you can reduce the house edge to about 0.4% if you take or lay odds. However this comes at greater risk, since the reduction in house edge is directly proportional to the greater the multiplier of odds you're allowed to take. This is because betting on odds pays at true value rather than casino value. Some casinos only let you take/lay 2x your initial bet, others will let you take upwards of 10x. The higher the multiplier, the greater the reduction. It all depends on the casino's rules for the tables and how comfortable you are with risk.
That being said, the game with the best odds in the casino that you can play at-will is anything PVP, usually Texas Hold'em. Since you're not playing against the house, there is no house edge. The only rub is the house takes a rake so as not to lose money hosting the tables.
But in my opinion the absolute best bang for your buck is to enter a Texas Hold'em tournament with zero to one re-buys. You pay a flat fee to enter the tournament and are given certain amount of chips. If re-buys are allowed, you can pay an additional fee when you're felted that grants another certain amount of chips. If you get felted again, you're out. If you made it far enough, you'll win prize money.
It's important to remember when gambling that you can win in the short run if you're smart about leaving while you're ahead. But in the long run, the house always wins.
