Understanding volatility in keno

Understanding volatility in kenoIf you’re looking to master a game like keno it’s essential you have a good understanding of all the relevant keno terminology. While this may seem like an overwhelming task, when you know where to begin and what to focus on it becomes very doable. A good place for anyone new to keno to start is by understanding volatility in keno.

One of the biggest misconceptions when it comes to the term volatility is that most people mistakenly assume it refers only to slots. The truth, and what players who are new to keno need to understand, is that volatility can be used for other games as well. Volatility is a particularly important term when it comes to online keno.

The term volatility is used to refer to two things. Firstly, games which are described as having volatility can have a very high payout. However this does not occur frequently. Secondly, games with volatility could offer more frequent payouts or even no payout. Games with volatility either have a high volatility or a low volatility.  Essentially, volatility is a way of describing how payouts fluctuate.

It’s essential that players have a good understanding of volatility in keno as this will help a player make better and more well-informed decisions. As mentioned, games either have a high volatility or a low volatility.

Games with a high volatility are the most risky. These are games in which a player either wins a large sum or the player loses an equally large sum. With such games, it’s rare to find a player who wins or loosely a moderate amount.

Games with a low volatility are for those who aren’t such risk takers. These games payout smaller amounts than high volatility but they tend to do so much more frequently. The appeal of these games lies not only in the steady payouts but also in the fact that a player doesn’t have to bet too much to take part.

Just like with slots, with keno the casino determines the volatility by referring to the payout table. In the case of keno the payout table is derived from the slots which the player marks on the keno card.  It’s therefore important for players to keep in mind that the payout table varies according to the number of numbers or slots chosen by the player.

It is for this reason that when comparing the volatility of two keno games it’s important that the payout tables are for the same number of slots. That’s the only way to fairly compare the volatility of two keno games. Generally payout tables consisting of 15 slots are compared as most casinos allow players to choose a maximum of 15 numbers.

As an example, let’s say we’re comparing a high volatility and a low volatility game. The high volatility games offer much greater payouts. This is often the appeal of these games. It’s not uncommon to find a high volatility game paying out 25,000 for getting 12 out of the 15 keno numbers; for getting 13 out of the 15 keno numbers a player could expect to get 50,000 and for getting 14 out of the 15 keno numbers players can expect a payout as high as 100,000.

For a keno game with low volatility, one could expect to get 600 for getting 12 out of the 15 keno numbers; 1,200 for getting 13 out of 15 keno number and only 2,500 for players who get 14 out of 14 keno numbers. While the payouts of high volatility keno games are far more appealing it’s important for players to keep in mind that is it rare to get 12 or more matching keno numbers.

It is for this reason that many players find low volatility games a safer bet and would prefer not to take the risk that is required of them when playing high volatility games.

The bottom line, high volatility refers to games which payout potentially life changing sums but do so infrequently. Low volatility games, on the other hand, payout smaller amounts but do so much more frequently.

Players who are looking to play keno for fun probably want to stick with low volatility games.  Players who love the adrenaline rush and the thrill of taking risks are more suited for high volatility games.

Volatility is something most players tend to overlook. Few players realize just how crucial volatility can be to the outcome of their game. When deciding whether high volatility or low volatility games suit a player best, it’s important to keep a significant different in mind.

While high volatility games tend to offer a higher payout, it’s important that players understand that with such games the minimum payout requirement rends to be higher.

This means that with a high volatility game, a player would often have to get 5 out of the 15 keno numbers to qualify for even a small payout. Generally with low volatility games, a player would need to get a few numbers to qualify for a minimum payout. Most casinos would only require 3 out of the 15 numbers for a payout with low volatility games.

Having an understanding of how volatility can affect one’s keno game and likelihood of winning is essential for all players regardless of how experienced they may be. Once one understands how volatility works it’s very simple to pick out which games are high volatility and which are low volatility.

Choosing volatility depends largely on one’s bankroll as well as one’s playing style. The more of a risk taking adrenaline junkie one is, the more one would be suited to high volatility. Low volatility games, on the other hand, are suited for beginners and those who are just looking to have a good time. The important thing players need to keep in mind is that choosing volatility is a personal thing.

It’s essential that players keep in mind that there is no right or wrong volatility.  The best a player can do is try a high volatility and low volatility game. That’s the best way a player can get a sense of the most suitable games for him/her.

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