#1
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Keno EV Question
Whats the total EV of betting a 3 spot in Keno with a payscale like this:
# Hits Payout(per 1 bet) 0 - 0 1 - 0 2 - 2 3 - 45 If also posible how high would 3 for 3 have to pay to make this a break even game, my buddy said 47 and I bet him a $20 that it would have to higher but I am not really sure how to figure it out. Thanks in advance any help is appreciated. |
#2
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Re: Keno EV Question
Assuming this is a standard "draw 20 out of 80" Keno game:
There are 80C3 = 82160 tickets you might play. Of these, 60C3 = 34,220 will miss entirely. 20C1*60C2 = 35,400 will hit 1 number. 20C2*60C1 = 11,400 will hit 2 numbers. 20C3 = 1,140 will hit all 3 numbers. Your return on your money is (11400*2+1140*45)/82160 ~ 90.2%, a lot worse than roulette, but better than some other keno bets. To break even, you require a payoff P such that 11400*2+1140*P = 82160, or 52.07 units. Congratulations on being $20 richer. How much of that are you tipping? |
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