Gamblepalooza – What A Weekend!

Gamblepalooza is done.  Mark & Dr. Mike are returning to San Diego, others returning to Cincinnati, Chicago, and New Jersey. Cousin Vito & Mikey9’s are back in CT to get this week’s report on it.  And Eric Rosenthal and Ed O’Connor are probably preparing to share their expertise for one of many interviews or articles up next.

I am so happy to have met some great people.  Not only great in terms of gambling knowledge and experience, but really friendly people.

Highlights:

Lots of craps was played.

The Centrale meet-up in the Fox Tower was a wonderful time to drink and chat.

I finally met two couples from Connecticut who follow NETimeGambling.

The Keno Breakfast was a lot of fun at the Veranda Cafe. The only win I had all weekend!

The Group Slot Pull – those are $100 Wheel of Fortune Slots.

The Group Slot Pull  – even though we didn’t win, it sure was fun and brought the 40+ of us together in the High Limit Slot room – to the dismay of the Foxwoods staff.

Meeting with the original ZorkFest Gang- Jay & his wife, Han, Michelle (and others I’m sure I forgot)

Special Thanks

Cousin Vito & Eric Rosenthal – for getting the first get-together started  and planned including the great room rates for a weekend. Great job gentlemen.

Amanda & Ianna – we all know who the foundations are behind the above, previously mentioned characters.

Foxwoods & Staff – a great group of people who gave this group the service and amenities one would expect from a first class resort.

I hope it happens again next year.  Meanwhile, next in our sites is  ZorkFest 2018 in Las Vegas, Nevada – Memorial Day.

Keno 101

The odds in video keno are about as bad as slot machines – or worse. I have often wondered why anyone would ever play it – live or video. Generally, people who play keno are willing to buck long odds to have a chance for a big payout – like the lottery. To me, it’s about as exciting as watching paint dry.

But, everyone looks out a different window.  Whatever floats your boat.  To each his own……  You get what I’m saying.

One day, I was playing next to someone who ALWAYS plays keno.  I looked and he had just hit for $16,000!  I was happy for him – but still not enough for me to switch from a more skilled game such as video poker.

So, here’s a little refresher course, or Keno 101 if you’ve never played.

Old Chinese Keno Ticket

Old Chinese Keno Ticket

Keno is believed to date back to China in the 1st century AD when characters from one of Confucius` poems were used, rather than numbers, in the matrix. The object of the game to choose from one (1) to ten (10) numbers between one and eighty, in hope that some or all will be randomly selected by the centralized computer. Keno is a simple game of luck, much like most lottery games, where the player chooses numbers and hope as many as possible match those randomly drawn by a hopper or machine. According to The Wizard of Odds, Michael Shackelford, the odds are much better in video keno than live keno, keep in mind that the rate of play on a machine is about 50 times faster. Assuming the same bet size per game, you can expect to lose more per hour playing video keno.

Mr. Shackelford goes on to say on his site “….If you must play keno, the only skill is choosing where to play to play and then how many numbers to choose. It makes no difference which numbers who actually choose. Contrary to popular myth, legitimate keno games, like those in Las Vegas, are fair and every ball has a 1 in 80 chance of being drawn each game”

There are other reasons to play Keno.

  1. Video Keno can be slowed by the speed button.
  2. You don’t have to interact with others.
  3. While the odds are poor, the game can be a slower alternative if your casino visit gets off to a horrible start.
  4. Playing video keno at a bar can be an easy way of getting free drinks at a lower rate of betting.th
  5. Finally – it’s not brain surgery.  No need to practice the strategy – there is none.  Some will have a different opinion, but it’s basically “bet, pick the numbers, and let the balls be randomly chosen.”

According to Al Moe of All About Gambling, the most popular Video Keno game is Caveman Bingo, offers a bonus payoff.  After choosing your numbers, three of your non-chosen numbers will be marked with a big spotted dinosaur egg. If you have eggs that match any of the 20 numbers the machine chooses, the payoff is multiplied.

Caveman Keno

Caveman Keno

One matching egg pays the standard payoff, two matching eggs (they hatch as they go) pays 4 to 1, and if all three eggs match the payoff is 8 to 1 (some older machines are actually 10 to 1).  Al states that with the 8x multiplier the overall payoff is close to 96-percent, a very good game, which is actually better than most penny through dollar slots!  Something to consider.Keno CT
Live Keno can be found in every New England state (yes, even in Vermont). Connecticut is the latest to add live Keno to restaurants and stores. Each state’s Lottery system runs these games.  Foxwoods seems to be the only casino still offering live keno.

You might give it a try.  Just passing the time might make you a few unexpected bucks at Keno.

That’s all for now.

Binbin

Massachusetts Gaming – Will KENO Success Translate to Online Gaming?

mass lottery

Mass lottery

The Massachusetts Lottery has shown this year that it is one of the most successful lotteries in the country.

Without casinos, Massachusetts residents have had to dabble in the lottery system’s KENO offerings.  Any given day, a group of friends can be found at the bar, elbow to elbow, longtime pals, waiting for the next Keno drawing on the TV screens, as they’ve done hundreds of times before. The wait is never long. Keno drawings come every four minutes, a drumbeat of betting opportunities that make the lottery game an enduring staple of Massachusetts gambling and pub culture.

Customers play a round of keno at Daybreak Doughnuts in Bridgeport

For more information on KENO and the Lottery, check out our previous posts below:

KENO 101 

Lottery & Scratch Tickets – Exercise of Hope or Futility?

Keno — the random numbers game offered in many convenience stores and 1,200 bars and restaurants across the state — rang up $900 million in sales last fiscal year, with sales climbing 20 percent since 2010.

That makes Massachusetts the country’s leading Keno purveyor by far, accounting for almost one-quarter of all Keno sales in the United States. Only New York comes close, but even with nearly three times the population, it falls short by $90 million.

But now the Mass Lottery has its eye on a new endeavor – Online Gaming.

Online Gamer

Online Gamer

According to WGCB in Springfield, there’s a strong effort underway to bring online gaming to Massachusetts, stemming from the Massachusetts Lottery Commission which said it’s a way to reach out to a younger market.

Stephen Crosby, the Massachusetts Gaming Commission chairman, said “We need to make sure the online gaming environment is as safe and secure as the bricks and mortar environment [casinos].”  The chairman additionally observed that online gaming must be properly regulated to make sure all games are fair, that players are the proper age, and that no one is “cooking the books.”

A few states have been looking into it with a very cautious stance due to regulations and who would do the regulating.  Many states involved in the process look to the state’s Lottery to manage online gaming.  Internet gambling revenue is increasing in at least two of the three states that currently offer it – New Jersey, Delaware and Nevada,

Internet gambling revenue in Delaware, Nevada and New Jersey badly missed initial forecasts, which themselves were overly aggressive,” said Chris Krafcik, research director for Gambling Compliance, which tracks gambling legislation nationwide.

Sheldon Adelson

Sheldon Adelson

The industry still faces some nagging issues, as well as looming threats – including an effort in Congress to ban Internet gambling nationwide. The Restoration of America’s Wire Act has been introduced in both chambers this year, backed by billionaire casino mogul Sheldon Adelson, and could come up for a hearing next month.  With a new administration leaning more right than ever in the last ten years, and a lame duck presidency now, legislation efforts need to improve dramatically or face a possible dead end for all.

Proponents of online gaming in Massachusetts said it’s time to open a new gambling frontier , lottery games offered around the clock on mobile devices and computers.  The MGC wants to make sure the playing field is a level one when it comes to gaming.

“We want to hear from licensees to see how it affects them but trying to find a way for millennials to engage is trending online so we’ll have to see how it develops,” said Bruce Stebbins.  He referred to the heavy investments land casino operators have made in the state, and assured all concerned that the Commission does not want to undermine the local economy, and will therefore be attentive to make sure the land operators are treated fairly with the advent of the new genres of gaming technology.Daily-Fantasy-Sports

 

The Massachusetts Lottery Commission has already lobbied for permission to offer more online options in order to attract the younger millennial demographic so important to the future viability of the institution.  Recent reviews have indicated that a sharp decline in revenue is likely unless online products are offered as well.

 

In any case, a new frontier is exactly where this is going.  With the merger of FanDuel & DraftKings regarding Fantasy Sport Betting, regulations will be needed to watch for monopolies and an even playing field for all players.  But, if successful, the Massachusetts model could be the one other states follow.

Only time will tell – but time doesn’t appear to be on internet gambling’s side.

Binbin