Tuesday 21 June 2016

The Two Keno Games Rule The Roost

Keno #1417 remains the top pick although it has been officially retired from the OLG Outstanding Prize List as of today. Regardless, its sister game is ranked second so don't worry about buying the wrong game.

Although the game only offers 5 winning tickets of prizes greater than $100, the total prize money available to be won for prizes of $100 or greater is 33% of the original amount with only 15% of the tickets left to sell. This yields a ratio of 2.14. The game offers a small prize revenue percentage of 54.8% which is not good. CL66's current top pick is 7-11-21. As much as he would not buy a Keno ticket, I would not buy one for that game. Although the top prize ratio for that game is 1.21 (4th best), the small prize percentage for the game is the third worst for any game at 45.6%. Only one of the original grand prizes (7 in total) of $100,000 remains with an estimated 11% of the float. That is about what one would expect but almost any other game is going to give you more churn. So, Keno has better churn and it offers a better turnover of lower prizes. CL66 likes the game due to the quantity of middling prizes which his evaluation method rewards. Mine does not.

It is perhaps a good time to remind any new readers that none of these games are actually good choices. When one surrenders 30-40% to the house, it's a losing proposition for all but the few. We play these games for fun and try to make the best choice from a list of poor ones.




Complete Game Ratings As Of June 16th

Rank Cost Game # Score
1 $3.00 Keno 1417 617.1
2 $3.00 Keno 1418 490.9
3 $10.00 Platinum 1888 471.1
4 $3.00 More Lucky Lines 1836 447.2
5 $3.00 Crossword 1866 445.0
6 $4.00 Cash For Life 1171 442.0
7 $30.00 250M Golden 1782 436.3
8 $5.00 Cross Tripler 1872 431.7
9 $5.00 Triple Crown 1882 430.9
10 $5.00 Ruby 7's 1885 430.7
11 $5.00 High Roller 1874 428.2
12 $3.00 PacMan Slots 1867 427.6
13 $3.00 Cash Card 1876 426.0
14 $10.00 Diamond 1781 425.5
15 $2.00 Double Dollar 1837 422.2
16 $5.00 Bingo Doubler 1873 422.3
17 $5.00 Black Pearls 1880 422.3
18 $20.00 Extreme 1780 419.7
19 $5.00 7 11 21 1868 412.1
20 $1.00 Bacon Bits 1860 411.3
21 $3.00 Scrabble 1886 410.3
23 $10.00 Lucky Aces 1856 408.7
24 $2.00 Lucky Dog 1859 396.7
25 $3.00 Bingo 3020 394.1
26 $5.00 Bingo Doubler 1850 357.5
26 $10.00 Mega Money 1878 349.6
27 $2.00 Walking Dead 1877 348.4
28 $1.00 Hit 100 1849 330.2
29 $3.00 QFG Crossword 3213 303.6


Comings and Goings

Money Multiplier was retired with one Grand Prize and 10% of its float left. 

New to the list is Lucky Aces. This is a $10 game available only in Ontario. I rate it low due to its small prize availability. It does offer 9.7% of the total game revenue to prize winners of more than $100 and less than the Grand Prize of $250,000, which is the 4th best of any game. My approach does not reward that kind of game, but if that's what you're looking for, jump in. 

In total there are 101 million tickets available for sale. 


Personal Play

Nineteen Keno tickets returned three winners totaling $15. Blechh!


Post Script

In response to a poster this week, CL66 has again raised this notion of winning tickets never being in circulation after a game is deactivated. I disagree with the logic. Although once a game is deactivated it is possible that some game tickets will never be printed or that an unsold winning ticket could be returned to the OLG by a retailer, none of that changes what an individual's chance is of winning. We cannot know if that happens or someone like Randy buys a ticket and has it slip under his car seat. The odds of winning remain the same regardless of these unknowable factors. It could just as likely be true that the last print run for a game is never authorized and that all the outstanding winning tickets are available for sale. In that case one's odds would improve.

A CBC article http://bit.ly/28LqSPZ reports that the OLG's sales were down $260 m last year. They put this down to more jackpots being won earlier thereby reducing the number of draws with $50 million or more jackpots. That makes sense to me but I'm wondering where the growth is in other business lines? They are coming out hard trying to market to youth and young mothers. I'm going to take a look at how PlayOLG is doing versus the OLG's blue sky forecasts. I'm afraid that the OLG remains under the illusion that if they market their product better, their profits will improve. I don't see their product as being that elastic. The more the demographics shift and the more they squeeze existing players, the worse it's going to be for their bottom line. Further, the more they market their product the more likely they are to end up defending themselves against this kind of law suit http://bit.ly/28MtlfB . I personally do not see the merit of such suits but if one presents oneself as being all things to all people, one cannot be surprised is someone finds that they fell down on one of those commitments. 

It's summer today. Enjoy. 

Doug




Thursday 9 June 2016

It's a Keno Bonanza

The retirement of Fruit Explosion has resulted in both current Keno games moving to the top of the list. The game of choice is the old version #1417. You have to be quick as the game has been recalled which means that all you will be able to find are loose tickets.

The game offers two remaining Grand Prizes from the five original prizes with an estimated 16% of its float (800,000 tickets). The game is also strong on Top Prizes with a positive Top Prize ratio of over 2 which is why the game is so highly rated. This is a good game and once it's gone, the potential heir apparent is significantly lower rated.




Note: The image above is for game 1418. Game 1417 is red.



Rank Cost Game # Score
1 $3.00 Keno 1417 583.7
2 $3.00 Keno 1418 452.7
3 $10.00 Platinum 1888 436.6
4 $5.00 Money Mult 1845 430.2
5 $30.00 250M Golden 1782 427.8
6 $5.00 Triple Crown 1882 424.8
7 $3.00 Crossword 1866 419.8
8 $3.00 More Lucky Lines 1836 413.7
9 $4.00 Cash For Life 1171 409.6
10 $5.00 Cross Tripler 1872 408.1
11 $5.00 Ruby 7's 1885 405.1
12 $3.00 Scrabble 1886 402.5
13 $5.00 Bingo Doubler 1873 400.6
14 $3.00 PacMan Slots 1867 398.4
15 $5.00 High Roller 1874 396.1
16 $2.00 Double Dollar 1837 395.5
17 $10.00 Diamond 1781 394.5
18 $5.00 7 11 21 1868 391.5
19 $20.00 Extreme 1780 392.0
20 $2.00 Walking Dead 1877 390.2
21 $2.00 Lucky Dog 1859 389.9
22 $3.00 Bingo 3020 388.5
23 $5.00 Black Pearls 1880 387.0
24 $1.00 Bacon Bits 1860 383.0
25 $3.00 Cash Card 1876 377.4
26 $3.00 QFG Crossword 3213 339.9
27 $5.00 Bingo Doubler 1850 332.4
28 $10.00 Mega Money 1878 326.6
29 $1.00 Hit 100 1849 317.4

Comings and Goings

Spring cleaning has begun at the OLG with two Bingo Games, Lucky Lines, Fruit Explosion, Cross Tripler, and Wild 10's all being retired. All the games were at the point where they should have been retired. Two Grand Prizes totaling $125,000 went into the OLG coffers. 

New to the inventory are $5 Ruby 7's (rated 11th of 29), Scrabble (rated 12th), and Bingo Doubler (13th). Those are ratings that one would expect which means that any one of them has the potential to move up the list. 

Personal Play

Thirteen Keno 1417 tickets returned four winners totaling $18. 

Post Script

Happy to see that the workers at the Rideau Carlton Raceway and the OLG have agreed to binding arbitration to settle their differences. Hats off to the workers who endured a long winter and a couple of upsetting situations before getting this far. 

The town of Callander is asking that it receive a portion of the funding that will go to North Bay from a future casino. Their argument is that the OLG will approve a single casino for the zone and their citizens will be frequenting the casino in North Bay which means that they will experience a portion of the social costs associated with gambling. The OLG has, not surprisingly, suggested that they go jump in Lake Nipissing. 

I have noted the comments over time about a certain Pro-Line player in Innisfil who seems to be cashing big time on Pro Line. The whole thing makes no sense to me as an individual who is betting the way this chap is would be much better served by an off shore account rather than accepting lousy odds on multi-game parlays. Can anyone shed any light on what is going on there?

Another commentator posited that CL66's ratings do not place enough emphasis on Grand Prizes or their lack thereof. In response, CL66 posted detail about how his evaluation system works. The formula I use is the product of the value of all Top Prizes left to be claimed versus the number of Top Prize tickets and the percentage of revenue dedicated to Small Prizes. Because there is much more variance for the first factor, my ratings end up being mostly influenced by Top Prize availability. 

CL66 has explained before why he supports his method. As a reader, you can choose which one best reflects your personal preferences. Vive la difference!

Doug