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Aggregate Prize Money

 

Each keno blank carries the legend, "$50,000 limit to aggregate players each games," or in some instances the figure given is $25,000, depending on the casino and the grand prize money it offers. What this means in plain English is that the casino is liable for a total payoff of $50,000 on any one games, not an individual payoff. If two players happen to catch enough numbers for each to collect $50,000, they'll have to split that $50,000 between them. No total payout on any one keno games will exceed this amount, except for the progressive payouts, which states ambiguously on the ticket, "Progressive limit $200,000 maximum." This means the same thing as the aggregate payout, and the casino will pay each winning player in one games his portion of that progressive payout. If it's the limit of $200,000 and two players have won, each will get $100,000.

By having this rule, the casinos lower their risk even further, though there really is no need for them to do this. I never heard of any case where two players were able to claim the top prize, and even if that's happened, it wouldn't make more than a dent in the casino's profits from keno.

I had written in a previous edition that the casinos in Nevada could give $50,000 or even $100,000 as their top prize and still not be hurt. Well, that day has arrived with the standard $50,000 payouts and enhanced progressive payouts amounting to as much as a quarter of a million dollars. With the progressive payouts the casino takes no risk either, for to move from $50,000 up to $200,000 takes a lot of games in which no one has claimed the grand prize, and the casino has more than made back its money by the time someone is fortunate enough to win the $250,000.

When someone does win that kind of money, the casino gets a further benefit in the way of publicity. More and more players will flock to that games, hoping that lightning will strike twice. No matter which way they slice the keno pie, the casino operators get the biggest portion for themselves.

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Online Poker Guru Tips
It's true that in any given session the best of players can get unlucky. Going into the final day of the 1981 world championship of online poker games, Bobby Baldwin of Tulsa, Oklahoma, had a substantial lead over the eight other surviving players. Within a couple of hours he had two hands beat when his opponents outdrew him on the final card on 21-to-1 shots. Suddenly he was out of the tournament. Coincidentally, in both hands Baldwin's opponent needed one of the two remaining queens among the 44 unseen cards, and he got it.
 
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