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Nevada Numbers

Introduction

Nevada Numbers is a game offered at different keno lounges around Nevada. I've been told a few times that Nevada Numbers is a lottery and not keno, but what makes the difference I don't know. Mathematically they are the same.
 

  • For $2 player picks 5 numbers from 1 to 80.
  • At 6:00 PM every day 5 numbers are also picked from 1 to 80. These shall serve as the winning numbers at all casinos.
  • The ticket pays according to table 1 below.
  • The progressive shall reset to $5,000,000 and go up by 25% of money bet.

The following is the pay table.

 

Table 1

Catch Pays
5 Progressive
4 $2,000
3 $20
2 $2
1 $1
0 0

The next table shows the number of combinations for each number of catches, the probability, and return based on the theoretical average winning jackpot of $17,020,008.

 

Return Table

Catch Combinations Probability Pays Return
5 1 0.00000004 17020008 0.353993
4 375 0.00001560 2000 0.015599
3 27750 0.00115433 20 0.011543
2 675250 0.02808858 2 0.028089
1 6077250 0.25279725 1 0.126399
0 17259390 0.71794420 0 0
Total 24040016 1 0 0.535623

The lower right cell shows an average return of 53.56%, or a house edge of 46.44%. This is a long-term return. At any given moment the return is 18.16% plus 2.08% for each $1,000,000 in the meter. For the odds to switch to the player's favor the jackpot would need to pass $39,347,282.

This game may sound like a terrible bet but it isn't the worst. The Las Vegas Hilton offers a Million Dollar keno game with a return of only 43.05%. However as far as I know the worst bet in Las Vegas in any game is the "Millionaire Keno" game at Harrah's and the Rio, which is a pick-10 with a return of 39.99%.

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