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The percentage of any given wager that the casino is statistically expected to retain over the long run. A high house edge is bad for players but good for the casino. Keno has a house edge of approximately 30percent, which makes it higher than average. A loophole in the legal system allowed gambling, but not lotteries. As keno was a lottery, operators cleverly changed the name to Racehorse Keno and said it was a racing game, thus making it legal. The numbers of the keno card correlated with horses and the drawing was called the ‘race’.
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