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Those crazy 8-spots!

Feb 17, 2004 1:20 AM

This week and for the next few weeks we’ll talk about playing the 8-spot ticket. The eight spot is one of the most popular tickets played, most probably because it is the easiest way at most Keno games to hit the limit with a ticket costing less than $5.00.

Eight spot players must be made of stern stuff, because hitting a solid eight is not that easy. The odds against a solid eight are 230,115 for 1. Since the odds against getting hit by a lightning bolt are about a million to one or so (in a year’s time), if you play one eight spot per year you are about 5 times as likely to hit your eight as you are to get hit by lighting. On the other hand, if you play 10 games per day, 5 days per week, you’ll have about one chance in 88 of hitting your ticket solid, and if you are playing a dollar per game, you will have played $2,600 worth of Keno. You will also have about one chance in 2.4 of hitting a seven out of 8, and you should have hit about 6 six out of eights and about 47 five out of eights. Here are the odds for one against any catch on the eight spot:

0 / 8  11.33
1 / 8 3.75
2 / 8 3.05
3 / 8 4.66
4 / 8 12.27
5 / 8 54.64
6 / 8 422.53
7 / 8 6,232.27
8 / 8 230,114.61

Let’s take a typical $1 eight spot and break it down in terms of how much money is paid on each catch:

 

8 SPOT TICKET

PRICE= $1.00

Catch Pay Pay per Catch
0 / 8 $0.00 $0.0000
1 / 8 $0.00 $0.0000
2 / 8 $0.00 $0.0000
3 / 8 $0.00 $0.0000
4 / 8 $0.00 $0.0000
5 / 8 $9.00 $0.1647
6 / 8 $95.00 $0.2248
7 / 8 $1480.00 $0.2375
8 / 8 $18000.00 $0.0782

HOUSE PC= 29.47%

FREQUENCY OF WINS= 47.99

AVERAGE WINNER= $33.85

The house percentage tells you how much the house will win per ticket played, in this case about 29½ cents per ticket. If you look around, you will find eight spots that are much better than this, and also some that are worse. An eight spot that pays on five or more pays some sort of winner once every 47.99 games, so you can see that you have to be patient if you play eight spots! On the other hand, when you do win the average winner is a quite high $33.85, which is some compensation for your patience!

You can see that about 8 cents of all the money paid out on this eight spots goes to the lucky solid eight winner. If you don’t hit a solid eight, you have to think about this 8% or so as a tax that you are paying to the winner. (The casino doesn’t keep it.) This amount on the top end is exceeded only by the five spot on most regular rate Keno games, and this fact must color your playing strategy if you are playing eights. You can also see that the majority of the money paid out on eight spots are on catches of 6/8 and 7/8, so that you have to hit your share of these to stay in action. This will also color a prudent playing strategy.

Well that’s it for this week, good luck! I’ll see you in line!