Keno taxes

Sep 14, 2010 7:05 AM

Sixes are no doubt one of the most popular tickets that are played at the modern keno game, perhaps along with 8-spots and 4-spots. Probably one of the reasons it is popular is that it is an even number, thus it is easy to combine to make simple way tickets.

In addition the tax laws requiring reporting of wins place the one dollar 6-spot in that geography where it is the highest possible (in many cases) non-reportable winner. The margin is slim however, so if tax reporting is a concern of yours, then play your way sixes on half price ways. Same if you are combining sixes and fives on a ticket, since a full price five hit plus a half price six hit will put you in reportable territory.

Five-spots are in their own right quite popular, probably the most popular odd number ticket after the 3-spot. In my opinion the 5-spot is the smallest keno ticket worth playing and I do play lots of them and I have hit quite a few in my playing experience. They are also good to play in tournaments; by some standards they are probably the best tournament ticket to play, especially if the price is right.

This week we look at an old way ticket I used to play, the 5-way-6 and 6-way-5. First let’s take a peek at how we might find such a ticket. Let us note that the ticket cannot be an 11-spot ticket because six plus five is 11 and that would mean that there would have to be the same number of sixes as fives.

On our desired ticket we would have six fives and five sixes, not the same number. So let’s look first at tickets with 12 numbers on them.

How about 3-2-2-2-2-1? Too many fives right off the bat. How about 3-3-2-2-2-1? Again, too many fives.

Let’s try 4-3-3-2-2-2. Well that works but I am not happy with it because the 4 only works with the sixes so it is kind of an incomplete ticket for me. What about 4-4-2-2-1-1? Well that may be it. Nope, too many sixes.

Hmmm so far we have just found one ticket that fits our bill, 4-3-3-2-2-2.

To be continued next week.