How to Gamble for a Living: The Keno Board

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All research and interviews in how_to_win are original and exclusive. All screenshots of bets were provided by those being interviewed.

 

That's an 80 Cent bet.

 

When I started my how_to_win blog on here I first published Part 1 of my How to Gamble for a Living series I expected to write just 3 parts. Since then the journey has become a fascinating one to explore to the point that I made the decision to continue it indefinitely, writing it in shorter and more specific posts.

 

Here's the link to Part 1.

 

In Part 1, I interviewed 3 people who gambled for a living successfully, and asked the subjects of the interview to give me each a game plan for how to be successful. In essence, I was looking for an answer to the question of whether or not this can be taught.

 

The man I knew as Louis “The Analytical” had chosen Limbo as his game and for those of you who would like a look at the results of following a professional  gambler’s advice- check out this similar piece.

 

Next up was “Mr T”. He’d given me a game plan and I’d put it to the test.

 

Keno. If you don’t know the game- it’s a gambling game that allows you - at least this is it’s setup on the site Mr T uses - to pick between 1 and 10 numbers on a board of 40. Your payout is determined by how many tiles you picked and how many of those match the ten numbers that the game throws. It’s also determined by your chosen “risk” level. On low risk - hitting even just one tile pays 1.1x your bet. On high risk you need to hit a minimum of four tiles which pays 3.5x your bet.

 

Here is a comparison of low risk vs high risk odds:

LOW RISK

1 / 0x

2 / 1.10x

3 / 1.20x

4 / 1.30x

5 / 1.80x

6 / 3.5x

7 / 13x

8 / 50x

9 / 250x

10 / 1000x

HIGH RISK

1 / 0x

2 / 0x

3 / 0x

4 / 3.50x

5 / 8x

6 / 13x

7 / 63x

8 / 500x

9 / 800x

10 / 1000x

“High risk. Always high risk. I don’t always  play 10 tiles but mostly that’s my go to.”

 

High risk it is then.

 

T’s recommendation / game plan for me was to bet one two-hundredth of my bankroll.

 

“If you don’t get any massive hits within the first 100 or 200 bets then double your bet. When exactly depends on how much you’ve won or lost on the middle-range hits. If you’re profiting still after 100 rolls then double. If not then wait another hundred rolls and double if and when your luck changes.”

 

I set to work and tried this a few times.

 

The very first time it doubled the bankroll without too much difficulty.

 

It also didn’t take a massive multiplier to do so. The highest that it hit was x13 - but the x3.5s and x8s kept it workable until the uptick.

 

I repeated this 2 more times - each time doubling the bankroll again. Again no massive hits.

 

On the 4th attempt I was sure it would fail. The dip was getting worrying - but all of a sudden as if on cue I hit a x63 multiplier and that was all it took.

I carried on and upped my bet exponentially the experiment was done and I had my graphs so I figured I’d bet the now not-so-tiny amount and hope for a big hit.

Again I hit a 63x in no time. This drastically changed the graph and instead of doubling my bankroll it raised it to x10 the starting amount.

 

I then raised my bet again and didn’t stick to the method - figuring I’d try and pull out a significant amount while I was at it - and busted shortly afterwards. That was just a bit of fun and all on me.

After playing with this method and watching the numbers I noticed patterns. A sort of intuition washed over me and I was able to predict with a very basic level of accuracy which bets would hit.

The appeal of Keno as a game it seems- is that you don't have to "aim" for a massive multiplier to hit one. You can be "aiming" for x63 or even higher and not always "lose". A large bet on a game of dice or limbo aiming for x500 will have only a 0.198% chance of hitting. The same large bet on keno will still have at least a 14% chance of hitting a lower multiplier.

 

I give this method a who knows out of 100. Results may vary... But there's far more to the keno board than luck. It takes patience and a lot of calculating observation.

Regulation and Society adoption

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