|Posted: December 20, 2009, 11:41 am - IP Logged|
Some things to consider. I read a post on here recently asking is it a good idea to play one number many times for one drawing....
- Virginia Pick-4 is a fixed payout. In nj it is pari-mutuel. If the total prize pool in nj were $100K for the Pick-4 then playing any more than 20 times would not increase that player's winnings! Even 60 tickets would pay that much. In VA there is no such situation although I have heard of States cutting off numbers that got overplayed. The VA Lottery site does mention this!
- Pick-4 prizes would require tax withheld. Pick-3 doesn't. Many players play several Pick-3 and then I guess they cash them in all different locations? I've never seen this - only stacks of losing tickets with the same #. Most Stores will complain even if you bring 2 tickets that they don't have the cash on hand.
-A STR payout on the 4 should be $2500 for .50, $5000 for $1, so 20x$5000=$100000, so he played 20 of $1 STR bets; when they say $5000 they mean for a $1 bet.
-If you believe the drawings are completely random, then it doesn't make a difference to play $20 on 1 number or 20 or 40 different for .50 or $1 because the only diff. is you win more often but smaller prizes. Under that belief (random) it's not worth playing and should stick to Pick-5 and above.
-If you believe the drawings can be predicted, or you have a really good #, play just that one several times instead of several different. Only one is going to win!