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The KACHING Report will be delayed + update to my "proposed" challenge idea from a while ago...

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Last Edited: March 13, 2009, 2:50 pm

The KACHING Report will be delayed slightly today.  I very likely won't be slow playing tomorrow, so I'm getting some tickets today.  I'll more than likely make YouTube videos from those tickets....that's the reason for the delay.

Remember the challenge idea I came up with a while ago in my blog posts (when I got my "lottery selector")?  Well......I've been tinkering around and think I might have come up with an idea that I call "Billionaire Hot Streak".  No, no real money will be awarded in the challenge (which would be a blog challenge).

Here's the details:

You would pick 9 numbers from 1-60.  13 numbers would be drawn.  One way you could win is by matching 0, 5, 6, 7, 8, or all 9 of your numbers.

(Proposed payout structure for the "overall" (0, 5, 6, 7, 8, or 9 of 13) category):

9 -- \$4,000 (odds 1 in 40,515)

8 -- \$200 (odds 1 in 2,617)

7 -- \$20 (odds 1 in 280.4)

6 -- \$7 (odds 1 in 47.9)

5 -- \$1 (odds 1 in 12.8)

0 -- \$3 (odds 1 in 36.7)

Note that matching overall of the 13 numbers is one way to win.....but, why would I call this "Billionaire Hot Streak" if that's the only way to win (and the payouts as they are)?  You can win if you can put together a "hot streak" starting with the first drawn number and go all the way up to the 9th drawn number (of 13).  Here's what I mean with a proposed payout structure....

Match all 9 of the 1st 9 numbers drawn:  \$1,000,000,000 (odds 1 in 14,783,140,000)

Match all 8 of the 1st 8 numbers drawn:  \$100,000,000 (odds 1 in 2,558,620,000)

Match all 7 of the 1st 7 numbers drawn:  \$10,000,000 (odds 1 in 386,206,920)

Match all 6 of the 1st 6 numbers drawn:  \$1,000,000 (odds 1 in 50,063,863)

Match all 5 of the 1st 5 numbers drawn:  \$100,000 (odds 1 in 5,461,512)

Match all 4 of the 1st 4 numbers drawn:  \$10,000 (odds 1 in 487,635)

Match all 3 of the 1st 3 numbers drawn:  \$1,000 (odds 1 in 34,220)

Match both of the 1st 2 numbers drawn:  \$100 (odds 1 in 1,770)

Match the 1st number drawn:  \$10 (odds 1 in 60)

Now, a "hot streak" MUST start with the 1st number drawn and continue until you get a number that doesn't match what you have on your ticket.  There cannot be any breaks or start with the 2nd number or beyond.  Also, you may match the numbers in any order (they don't have to be in numerical order as on your ticket).

For example:

1-4-7-13-24-39-45-56-60

If the 1st 2 numbers drawn (in order) are 56 and 7.....you'd win \$100 for matching the 1st 2 numbers drawn (a "hot streak" of 2).  If all 9 of those numbers on your ticket are the 1st 9 numbers drawn (remember, they can be in any order -- just as long as they are the very 1st 9 numbers drawn), you'd complete the billionaire hot streak of 9 and become a (virtual) billionaire!

BTW, the odds came from here.  For odds that came out in scientific notation, I inputted them (the scientific notation numbers) into Microsoft Excel and that's where I get those odds.  (I hope those odds are right...)

What do you think of the idea?  Are the payouts right?  Too high?  Too low?

Remember....I'm just looking to have fun with this idea.  There won't be any real money payouts or anything like that.

Until next time, may you hit big on your tickets.....or, if you're playing Maddog's challenges, hopefully you'll hit big there too (and if I do decide to go forward with this blog challenge.....please do keep playing Maddog's challenges.....they're awesome. )

Entry #111