I stopped briefly at PS today and saw this Keno 1 cent progressive
close to the eastern exit. Assuming a max 50 cent bet, and 10 numbers
selected.
5 hits: $2.50
6 hits: $11.50
7 hits: $71.00
8 hits: $500.00
9 hits: $2000.00
10 hits: $13,754.00
The expected long run return is 89%. On average, you'll hit 10 out of
10 numbers once in 8,911,711 games played. At 50 cents a game, the
total cost of 8.911,711 games is $4,455,855.50. Even so, this
particular Keno game has better odds than most of the paper Keno, but I
think this example illustrates the reasons for VPPappy's humorous
quotes.