Keno vs Lottery: Understanding the Differences
Keno and Lotto games are two popular forms of gambling that have been enjoyed by many Australians generations. Even if Lottery and Keno game history are both originated in Ancient China and told to be thousands of years old, there are several important differences between the two that need to be highlighted.
In this article, we will compare the rules, odds, game play, pros, and cons of Keno and Lottery games. Whether you are a seasoned player or just starting out, this article will help you better understand the differences between these two popular forms of gambling and make an informed decision about which is right for you.
|Gameplay||Players choose a set of numbers and hope they match the numbers drawn.||Players choose a set of numbers and hope they match the numbers drawn.|
|Numbers||Players typically choose up to 20 numbers from a pool of 80 or more.||Players choose a smaller set of numbers from a pool of typically 40 or fewer.|
|Speed of Play||Draws happen very frequently, several times and hour.||Draws are less frequent, leading to longer waits between opportunities to win.|
|Cost||Betting amounts can vary widely, with some games allowing for wagers as low as a few cents.||Lottery ticket prices are typically fixed and not dependent on the amount wagered.|
|Odds of Winning||Keno odds depend on the number of spots selected and the paytable used, but can range from around 1 in 4 to 1 in over 20 million.||Lottery odds depend on the specific game and number of tickets sold, but are often in the range of 1 in several million to 1 in over a billion.|
|Prize Structure||Keno prizes depend on the game variant chosen and the amount wagered but can be up to $20 million.||Lottery jackpots are usually higher as their draws occur less frequently and some of them can be rolled over until won.|
|Biggest Payout in Australia||$7.9 million||$160 million|
|Availability||Available in almost all Australian territories to play online as well as in kiosks and casinos. Players must be +18 years old.||Available in almost all Australian territories to play online as well as in kiosks and casinos. Players must be +18 years old.|
|Taxation||Prizes can be paid out in a lump sum or annuity payments spread over several years.||Lottery prizes are typically paid out in a lump sum, although some games offer annuity options.|
In conclusion, both Keno and Lottery have their own unique features and characteristics. Understanding the differences between the two can help players make an informed decision about which game is right for them. Whether playing for fun or hoping to win big, it is important to always play responsibly and within one’s means.
|PROS||Fast pace, potential for higher odds of winning. Higher entertainment factor.||Chance to win life-changing jackpot amounts. Possibility to play in syndicates.|
|CONS||Winning amounts tend to be smaller than in lottery due to the high frequency of the draws.||Lower odds of winning the jackpot.|
What is the main difference between Keno and Lotto games?
Keno games can be played several times an hour, while lotteries are typically played once a week.
What is better: Keno or Lottery?
The answer to this question depends on personal preference. Some players may enjoy the fast pace and social aspect of Keno, while others may prefer the chance to win large sums of money through the lottery.
Do Keno and Lottery games have the same rules?
No, the rules for Keno and Lottery games can vary. In general, the objective is to match numbers selected by the player to the numbers drawn, but the specific mechanics of the games can be different.
Which game offers bigger jackpots: Keno or Lottery?
Lotteries often offer larger jackpots than Keno games, with the odds of winning the jackpot typically lower in lotteries. However, this can vary depending on the specific lottery and the size of the pool of players.