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Indiana Lottery has limit for Pick 3 and Pick 4 Numbers

Topic closed. 43 replies. Last post 11 years ago by dvdiva.

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four4me's avatar - gate1
MD
United States
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June 18, 2003
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Posted: August 27, 2005, 10:34 am - IP Logged

I don't know if people really understand the gravity of this situation if you were a bookie would you continiously take bets on the same number all day long knowing if it hit that you couldn't pay off on the number. Well the lottery is acting as a bookie also. They could probably afford to pay out on a number a few times that was heavily bet but they aren't going to get themselves in a situation where their payout exceeds a certain amount.

Now if your a popular number better, that is know ahead of time that some numbers like 000 999 666 or1212 or whatever are going to be sold out, then get the number ahead of time.

 

    Avatar
    New Mexico
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    Posted: August 27, 2005, 10:56 am - IP Logged

    I don't know if people really understand the gravity of this situation if you were a bookie would you continiously take bets on the same number all day long knowing if it hit that you couldn't pay off on the number. Well the lottery is acting as a bookie also. They could probably afford to pay out on a number a few times that was heavily bet but they aren't going to get themselves in a situation where their payout exceeds a certain amount.

    Now if your a popular number better, that is know ahead of time that some numbers like 000 999 666 or1212 or whatever are going to be sold out, then get the number ahead of time.

     

    Seems to me that should just about take care of the matter for the people who feel strongly about a number.  If they do there's probably nothing to keep them from buying it several days in advance.

    How much the lottery pays out, gross, to players isn't something of much interest.  It's what it pays out to particular players, specific ones.... us, that matters, I'd think.

    Jack

    Absorb the good, ignore the bad, weigh the ugly.

    It's about number behavior.

    Egos don't count.

     

    Dedicated to the memory of Big Loooser

     

      four4me's avatar - gate1
      MD
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      Posted: August 27, 2005, 11:38 am - IP Logged

      That's right Rip serious lottery players allready know this and probably aren't one bit surprised if the hit the teller and ask for a number that been cut off they probably say to themselves i shoulda got this number yesterday oh well and go about getting the other picks they might have. Casual lottery players or people who only buy numbers once in a while are probably dumfounded by them telling them that a numbers been cut off like they haven't a clue as to how the lottery operates.

      For instance Libradave posted these numbers for today.

      Today is the 239 day of the year, with 126 Days left in the year.
      I'll bet these two numbers will get some heavy play today all over the country because a lot of people go by this sort of thing. And if they get to the store and get told they have been cut of will probably be angry. Mad because they think the lottery is somehow trying to deprive them a chance to win. But a serious lottery player will have gotten these numbers yesterday. And today will buy 240 and 125 for tomorrow. 
        LosingJeff's avatar - flower
        Greenfield
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        Posted: August 27, 2005, 3:39 pm - IP Logged

        Of course there are limits! I could have told anyone that. After spending nearly 90,000 dollars in seven years on combos and not even winning a straight combo is totally ridiculous! As a matter of fact, I average one off on the pick 4 combo every other day in Indiana, but never a win. You think thats bad try the scratch offs.  I was in excellent shape before I started playing this Hoser Lottery. I have a question for the folks at the Hoosier Lottery----why are the payouts tremendously low compared to all the other States? Even lower than States that are twice as small. Can anyone at the Hoosier Lottery tell me why you dont offer .50 cent bets like the other States--is it because you cant make enough money that way--just what is the reason. Cant poor people play too? By the way I would like to get my 57 percent back that you say goes back to players. If so, Id be about 57,000 dollars richer today and not bankrupt. No wonder we lead the Nation in Bankruptcy! I am one person who is tired of the people getting a raw deal here. Clean it up and give us a honest game---if the Lottery is running an honest game then it shouldnt be a problem to go back to using balls; that wont happen-you would loose to much money. Computers are one more way to make sure the State doesnt have to pay a dime! Its a shame that someone living in their home State has to drive to Kentucky, Ohio or Illinois to buy tickets----u know, States that use balls! My question to the Hoosier Lottery-----Why are payouts so low? Dont tell us no one is buying tickets, cause last year you had booming sales according to the media. That excuse wont work. Its time someone answered these questions. Its time the taxpayers held officials accountable for their actions. God knows Indiana needs accountability in all aspects of Government.

        Signed---A concerned citizen!

          johnph77's avatar - avatar
          CA
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          Posted: August 27, 2005, 4:28 pm - IP Logged

          I don't know if people really understand the gravity of this situation if you were a bookie would you continiously take bets on the same number all day long knowing if it hit that you couldn't pay off on the number. Well the lottery is acting as a bookie also. They could probably afford to pay out on a number a few times that was heavily bet but they aren't going to get themselves in a situation where their payout exceeds a certain amount.

          Now if your a popular number better, that is know ahead of time that some numbers like 000 999 666 or1212 or whatever are going to be sold out, then get the number ahead of time.

           

          Are you trying to tell me a state doesn't have enough money in the lottery float to pay off a hit on a popular number in a Pick 3 or 4 game? Please! It looks bad on the bottom line for one day. And the people who play that number are going to play it day after day with no adverse effect on income. Any cutoff is BS - sorry for the language inference, but that's how I feel.

          Bookies are and always have been private enterprises without state tax resources. No comparison there.

          Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

          Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

           =^.^=

            JAP69's avatar - alas
            South Carolina
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            Posted: August 27, 2005, 4:39 pm - IP Logged

            There has been a case where a state lottery had a no limit on plays. One time a number hit which was widely played and the lottery had to borrow money to make the payoff. They went to pari mutuel after that. I think it was Mass.

            MAGA

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              Columbia City, Indiana
              United States
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              December 9, 2003
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              Posted: August 27, 2005, 4:52 pm - IP Logged

              From the article:

              "Let's say this afternoon 10,000 people went out and bet 1134 because someone kept pitching that number in a newspaper column, and they all won. The total prize payout would be $50 million. That would be a staggering hit for the lottery, enough to break the bank, so to speak. It would amount to one quarter of the profits that the lottery makes in an entire year."

              This last statement would imply that Hoosier Lottery profits hover in the neighborhood of $200M per year. Nothing could be further from the truth. Last year, they boasted record sales of almost $800M and, according to their annual report, nearly $500M in profits. $223M of that simply vanished, and no one knows where that money went, but what's even more disturbing is that no one wants to find out, with the notable exceptions of LosingJeff and me. Our own elected officials, those charged with the duty of protecting us from predators like The Hoosier Lottery, turn a deaf ear when confronted with this issue. The FBI wouldn't even look at our file, because they "don't want to ruffle anyone's feathers" at the state level.

              The Hoosier Lottery is NOT a state agency, but a private corporation, as stipulated in IC 4-30-3-1. As such, it enjoys benefits which aren't available to agencies of the state. For example, as a privately-held corporation, The Hoosier Lottery is not subject to state audit and accounting procedures. Consequently, they have never been audited, so any figures they publish for general viewing are meaningless and probably fictitious.

              Andrew Reed is a pathological liar. It's very easy to tell when he's lying, because either his lips move or his signature appears below the phrase, "Warmest Regards."

              These crooks must be stopped. 

               

               

               

               

               

              Come, Pinky; we must prepare for tomorrow night...

              Jim

                Avatar
                New Mexico
                United States
                Member #12305
                March 10, 2005
                2984 Posts
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                Posted: August 27, 2005, 5:05 pm - IP Logged

                Of course there are limits! I could have told anyone that. After spending nearly 90,000 dollars in seven years on combos and not even winning a straight combo is totally ridiculous! As a matter of fact, I average one off on the pick 4 combo every other day in Indiana, but never a win. You think thats bad try the scratch offs.  I was in excellent shape before I started playing this Hoser Lottery. I have a question for the folks at the Hoosier Lottery----why are the payouts tremendously low compared to all the other States? Even lower than States that are twice as small. Can anyone at the Hoosier Lottery tell me why you dont offer .50 cent bets like the other States--is it because you cant make enough money that way--just what is the reason. Cant poor people play too? By the way I would like to get my 57 percent back that you say goes back to players. If so, Id be about 57,000 dollars richer today and not bankrupt. No wonder we lead the Nation in Bankruptcy! I am one person who is tired of the people getting a raw deal here. Clean it up and give us a honest game---if the Lottery is running an honest game then it shouldnt be a problem to go back to using balls; that wont happen-you would loose to much money. Computers are one more way to make sure the State doesnt have to pay a dime! Its a shame that someone living in their home State has to drive to Kentucky, Ohio or Illinois to buy tickets----u know, States that use balls! My question to the Hoosier Lottery-----Why are payouts so low? Dont tell us no one is buying tickets, cause last year you had booming sales according to the media. That excuse wont work. Its time someone answered these questions. Its time the taxpayers held officials accountable for their actions. God knows Indiana needs accountability in all aspects of Government.

                Signed---A concerned citizen!

                losingjeff:

                An interesting, almost amazing post.

                Interesting, almost amazing post.

                "After spending nearly 90,000 dollars in seven years on combos and not even winning a straight combo is totally ridiculous!"

                I'd certainly agree with you on that.

                "By the way I would like to get my 57 percent back that you say goes back to players. If so, Id be about 57,000 dollars richer today and not bankrupt."

                Everyone has a bad day once in a while.

                "Its a shame that someone living in their home State has to drive to Kentucky, Ohio or Illinois to buy tickets----u know, States that use balls! "

                Hope you're doing better over there.

                I've noticed sometimes it helps me to take a break from gambling for a while.  Helps me to get some distance from things.  Gives old Mama Fortune an opportunity to get her smile back.

                Jack

                 

                Absorb the good, ignore the bad, weigh the ugly.

                It's about number behavior.

                Egos don't count.

                 

                Dedicated to the memory of Big Loooser

                 

                  four4me's avatar - gate1
                  MD
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                  June 18, 2003
                  8361 Posts
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                  Posted: August 27, 2005, 5:09 pm - IP Logged

                  I don't know if people really understand the gravity of this situation if you were a bookie would you continiously take bets on the same number all day long knowing if it hit that you couldn't pay off on the number. Well the lottery is acting as a bookie also. They could probably afford to pay out on a number a few times that was heavily bet but they aren't going to get themselves in a situation where their payout exceeds a certain amount.

                  Now if your a popular number better, that is know ahead of time that some numbers like 000 999 666 or1212 or whatever are going to be sold out, then get the number ahead of time.

                   

                  Are you trying to tell me a state doesn't have enough money in the lottery float to pay off a hit on a popular number in a Pick 3 or 4 game? Please! It looks bad on the bottom line for one day. And the people who play that number are going to play it day after day with no adverse effect on income. Any cutoff is BS - sorry for the language inference, but that's how I feel.

                  Bookies are and always have been private enterprises without state tax resources. No comparison there.

                  Call it whatever you wan't i'm not happy the lottery does this either. If you read what i wrote the lottery is acting as the bookie. Everyone either knows a bookie or knows somone who does. Now if the bookie on the corner woln't take bets on certain numbers what makes you think that the lottery is going to go over or out of their way and take a chance of having to pay out more than they deemed they would. Look i like to play certain numbers i know are usually sold out. That is if i go right now this minute and try and get say 666 for tonight it is probably cut of . This means that somewhere in the neighborhood of 2500 to 3000 people decided that they were going to play that number. When the 3000 th person bought that ticket it got cut off. But wait an minute i bought that ticket yesterday so i'm in the game. Now there might be 20/30 numbers or so that go through this routine every day. Get bet to the threshold limit. People who play those numbers know it and act on it. If those are some of the numbers they know are usually cut off then the get prepaired and purchase them ahead of time. What so hard about doing that.

                  Now back to the lotterys being or not being able to pay off. Of cource they can pay off on a heavly bet number but supposing 666 hit today and again tomorrow and again next week and there was no threshold limit. Even with a threshold limit the lottery profit margin decreases dramatically and if there were no measures in place to prevent 10 or 20 thousand people from betting the same number then the lottery would end up having to fold up. If your running a lottery buisness your job is to make money for the state not bankrupt it. What's so hard to understand about that. 

                   

                    Avatar
                    New Mexico
                    United States
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                    March 10, 2005
                    2984 Posts
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                    Posted: August 27, 2005, 5:13 pm - IP Logged

                    From the article:

                    "Let's say this afternoon 10,000 people went out and bet 1134 because someone kept pitching that number in a newspaper column, and they all won. The total prize payout would be $50 million. That would be a staggering hit for the lottery, enough to break the bank, so to speak. It would amount to one quarter of the profits that the lottery makes in an entire year."

                    This last statement would imply that Hoosier Lottery profits hover in the neighborhood of $200M per year. Nothing could be further from the truth. Last year, they boasted record sales of almost $800M and, according to their annual report, nearly $500M in profits. $223M of that simply vanished, and no one knows where that money went, but what's even more disturbing is that no one wants to find out, with the notable exceptions of LosingJeff and me. Our own elected officials, those charged with the duty of protecting us from predators like The Hoosier Lottery, turn a deaf ear when confronted with this issue. The FBI wouldn't even look at our file, because they "don't want to ruffle anyone's feathers" at the state level.

                    The Hoosier Lottery is NOT a state agency, but a private corporation, as stipulated in IC 4-30-3-1. As such, it enjoys benefits which aren't available to agencies of the state. For example, as a privately-held corporation, The Hoosier Lottery is not subject to state audit and accounting procedures. Consequently, they have never been audited, so any figures they publish for general viewing are meaningless and probably fictitious.

                    Andrew Reed is a pathological liar. It's very easy to tell when he's lying, because either his lips move or his signature appears below the phrase, "Warmest Regards."

                    These crooks must be stopped. 

                     

                     

                     

                     

                     

                    You might give some thought to a class action suit.  Maybe some sort of writ of mandamus to live up to their claims.

                    Meanwhile, might want to give some thought to trying to stop the gamblers for a while.  Losingjeff just kept right on coming up to the 90K mark.  Pausing after maybe 10K for a breather might have him out of bankruptcy.

                    Jack

                    Absorb the good, ignore the bad, weigh the ugly.

                    It's about number behavior.

                    Egos don't count.

                     

                    Dedicated to the memory of Big Loooser

                     

                      LosingJeff's avatar - flower
                      Greenfield
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                      Posted: August 27, 2005, 5:23 pm - IP Logged

                      Amazing---90,000 dollars equivocates to about 2 million numbers. There aint but 10,000 numbers in the whole pic 4 sample. Amazing! Cant win a straight combo playing 2 million numbers in a 10,000 number field----you suppose something aint right! Duh! Of course, the Lottery could probably give me some reason why.

                        LosingJeff's avatar - flower
                        Greenfield
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                        Posted: August 27, 2005, 5:24 pm - IP Logged

                        Impossible without intervention!

                          LosingJeff's avatar - flower
                          Greenfield
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                          Posted: August 27, 2005, 5:28 pm - IP Logged

                          This past week the Hoosier Lottery had one day where they paid 1 whopping winner for the whole day on a straight pic 3---thats right, one winner for both midday and evening draws combined.  The payouts are beyond ridiculously small! Just go to the website and compare this past months payouts to other States and you will see the disparity. What is going on?

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
                            New Jersey
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                            Posted: August 27, 2005, 6:09 pm - IP Logged

                            I totally agree Jeff, and I'm so sorry that you live in a state that refuses to do what it takes to energize its player base.  Computerized drawings are a large reason for the horrible state of affairs at the Indiana Lottery.

                             

                            Check the State Lottery Report Card
                            What grade did your lottery earn?

                             

                            Sign the Petition for True Lottery Drawings
                            Help eliminate computerized drawings!

                              Avatar

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                              Posted: August 27, 2005, 8:39 pm - IP Logged

                              Where I am, the prize on Pickit games is not fixed. This means you should avoid playing straight years, etc. As far as I know there was never any cutoff but it would be nice to know which #s are NOT heavily played, those are ones that (under a purely random game scenario) should be played ONLY, as the prize would be more than average. When I matched 5 of 5 a few years ago the prize was so small that I didn't even get to see my name in red scrolling letters at the local Bowling Alley! I would NOT have traded the jackpot for the chance to have avoided playing the "overplayed" numbers, but aside from that I think it would be good to be able to go to a website shortly before the drawing and play the "unpopular" #s.

                              Thus when they have cutoffs it's because the prize IS fixed and too many winners would mean a loss for the State.