Greece

Keno in Greece

Once again, players will have to be residents of Greece in order to participate in any game found within this site as well as to claim any potential winnings. This game is provided by a national company known as OPAP S.A. Personal details such as banking information, full name and current address will all be required along with an active telephone number. One interesting feature to point out is that any tax liabilities are automatically withheld according to governmental regulations. Players will not be liable for such obligations themselves. This takes much of the guesswork out of the gameplay. If you are curious to learn more about specific thresholds, it is always a good idea to consult with the proper official authorities. Participants have up to three months to claim any winnings. Once this time period expires, any profits will be considered null and void. It is also possible to apply for an official certificate denoting a victory if this is desired.

OPAP: Kino in Grecia

Leading grey market casino operators admit the money Greece generates for them through lottery games falls in the €210 million and €260 million space. This significant disparity is primarily due to no clear visibility of Greece’s online casino market size.

OPAP (opap.gr), a monopoly operator, has had to usurp a lot of setbacks in recent years, thanks to the competition emanating from the offshore casino markets. And the new tax introduced on gambling winnings, and also the impact the economic crisis has had on Greeks are to be blamed.

The Greece gaming sector is a closed market where the state controls 34 percent of OPAP. The state owns Hellenic State Lottery as well, along with owning a stake and/or managing several other casinos in the country.

The Greek’s gaming turnover revolves around four primary gaming products: horseracing, OPAP games, casinos and state lotteries. The online turnover is not in the picture yet. The country has eight casinos in the capital city of Athens, and in other major cities such as Thessaloniki.

Focusing on lotteries, there are primarily three lotteries, which includes Instant Lottery S.A., Greek State Lottery, and Greek Organization of Football Prognostics. OPAP is unsurprisingly the biggest lottery firm in Greece – it also comes within the top five on a global platform.

OPAP, in 2000, procured a two decades-long exclusive right to manage some of the sports betting and lottery games in Greece. It was offered complete concession to operate the nine current sports betting and numerical lottery games. Also, OPAP had the right to refuse to manage certain lottery games, such as Greece keno, and choose the games it would like to control.

In 2013, Hellenic Republic Asset Development Fund (HRADF) placed Greek Lotteries and OPAP’s rights out in the open by setting up a transparent, competitive and open two-stage auction. By the way, HRADF was set up in 2012 to manage Greek assets’ privatisation process.

The license available for auction covered exclusive rights to create, run, circulate, manage and promote Greek lotteries. This included all future and current instant and draw-based lotteries conducted offline using physical tickets. The Greek Lotteries up for auction were Popular Lottery, National Lottery, Housing State Lottery, European Lottery, etc. The license period was 12 years and which could not be transferred to another individual or entity.

The Greek version of keno can be played any day of the week between 09:00 in the morning and 23:55 in the evening. Of course, it is also possible to purchase a ticket by visiting an official vendor. In terms of online gameplay, participants are allowed to choose between one and twelve numbers. There are also different rates of return depending upon how many numbers are selected. 190 individual draws will take place every day and the promoters claim that more than 8,500 players win at least €50 euros. So, these odds do indeed appear to be quite enticing.

How Does it Work

There is another option only available through the official Greek website. This is simply referred to as a live draw. In this instance, one can participate in a match and watch the numbers selected via a streaming flash video portal. This is the very same configuration that would be present at a pub or a similar public location which offers keno. Several features are displayed. The number of the game is illustrated immediately above the numerical grid as well as the elapsed time. In the event that a game is not yet in session, a progress bar denotes how much time is remaining until the next tournament begins. This can be a very handy feature for those who are looking to accurately time their next match. It is also possible to access these features through the use of a mobile phone application. This can be downloaded directly from the website although it may be possible to perform a search through iTunes or the Google Store. In terms of a smartphone app, please keep in mind that you will need to have a strong connection in order to play a game of keno. 3G and 4G speeds are preferable, as all pertinent information will update nearly instantaneously.

Some players are more interested in discovering past statistics so that these can be used to mould a future strategy. In such a case, it is possible to view the last six games by clicking on the “statistics” icon located on the left-hand side of the homepage. A separate section highlights the odds of winning a specific amount. For example, correctly choosing 12 numbers will entitle a player winnings of no less than €1 million euros (please note that as mentioned previously, this is before taxes are applied). However, these odds are progressively different as the correct guesses increase. Some examples are listed in the table below:

Two numbers correctly chosen out of four played are associated with winnings up to €50 euros.
Three or more correct numbers out of six can provide a maximum profit of €800 euros.
At least four correct numbers out of nine can equate to up to €20,000 euros.
In the event that you decide to play between ten and twelve numbers, you will also be rewarded in the event that none are chosen correctly. In fact, you can win up to €500,000 euros if you play twelve numbers and none are selected during a single round. This is obviously due to the fact that such instances are exceedingly rare.

A Look at the Odds

These odds are sometimes referred to as rates of return. An example is warranted here. Let’s imagine for a moment that you have chosen to play 12 numbers are six are guessed correctly. In this instance, your rate or return is five times whatever your initial stake. This rate will naturally increase as the number of correctly selected numbers rises. The reason why this is important is that it enables you to choose the strategy best suited for your needs. If you decide to play for the jackpot, choosing 12 numbers is obviously logical. However, many play online keno as a means to enjoy smaller and yet more frequent winnings. In such a case, they might instead opt to play fewer numbers, as the rate of return tends to be slightly higher.

One final option to mention is known as Keno Bonus. This bonus is associated with the last number drawn during each competition. You can select a box which simply reads “bonus”. Assuming that the 20th number drawn is the one which you had initially selected, you have a chance to substantially increase your aggregate winnings. These are in addition to any other profits that you may have gained from guessing the other digits correctly. However, Keno Bonus functions even if your other selections were not associated with any type of reward. If your 20th number matches that associated with the 20th pick, you can still accrue to tidy sum which can be used towards additional matches or simply enjoyed as a profit. If you are curious to learn more about this type of bonus as well as the increments associated with the amount of numbers chosen, it is a good idea to consult with the bonus pay table found within the official website.

Please keep in mind that this website is initially offered in Greek. You will need to navigate to the top left-hand corner of the main page and select the English language icon in order to further understand the rules and regulations associated with this type of keno. Unfortunately, the terms and conditions are only available in Greek (at the time of this article). In the event that you have any additional queries, it could be wise to contact a customer service representative. There is also a section devoted to frequently asked questions and these are intended to address common issues such as payouts, registration requirements, tax liabilities and the types of keno games offered. If you happen to have access to this website or you are a resident of Greece, why not take a closer look? Lets play keno online by fully appreciating the options at your disposal.