Keno tournaments are becoming increasingly prevalent online and in casino cities throughout the world.
Keno is not a new game. In fact, it has been present in casinos since the video slot machines became common, and there were human-operated games before that that were quite similar. Keno is essentially a lottery game. The player selects a series of numbers and hopes to match numbers selected randomly by the machine. A player needs to match all numbers to hit the jackpot, but smaller series pay out too.
Keno is a game of chance and one with a high rate of failure. The allure of a keno tournament is that it often provides various benefits, such as free tickets and a progressive pot, to offset the expected losses. It only makes sense if the player is serious about keno, however, since the financial commitment usually ranges from $100 to $500.
Tournaments used to be a once-in-a-while occurrence, but they have proven quite successful with online casinos and the brick-and-mortar shops have taken notice. In fact, there are at least a dozen high-profile keno tournaments taking place in August in casinos in Las Vegas, Atlantic City, London and Sydney.
Strategy for Coming out Ahead
For players not familiar with keno tournaments or how to play keno in general, there are some important concepts to keep in mind.
Most keno tournaments do not require the player to pay in advance, but they do require the player to reach certain participation levels in order to be eligible for the various rewards. For instance, the August tournament at the California Hotel in Las Vegas requires participants to wager $500 in order to be part of the leaderboard from which the tournament prize pool is distributed.
Not having to pay $500 up front is a big advantage because the player can actually use any winnings made during the tournament. In theory, a player could purchase just that $5 initial ticket and win enough to cover his or her requirement for the entire tournament. As these tournaments go, players who meet the mark will usually walk away with a 50 percent return of losses at least due to how many participants will cut their losses early.