Welcome Guest
You last visited December 9, 2016, 8:24 am
All times shown are
Eastern Time (GMT-5:00)

Powerball Power Play variable multiplier to return in January

Topic closed. 35 replies. Last post 3 years ago by jamella724.

 Page 2 of 3
Texas
United States
Member #55889
October 23, 2007
5611 Posts
Offline
 Posted: October 24, 2013, 10:33 am - IP Logged

I don't blame you TnT, when ever we go to Texas I always multi-draw there state games.

Funny. Before Texas got Powerball, I would drive up to Ok to buy PB tics.

Before they changed the Hot Lotto matrix, I was contemplating driving up there to play it. Now the odds on that game are worse than Texas Lotto.

CAN'T WIN IF YOU'RE NOT IN

A DOLLAR AND A DREAM (OR \$2)

Indiana
United States
Member #129225
June 13, 2012
546 Posts
Offline
 Posted: October 24, 2013, 10:50 am - IP Logged

I think one of the best and easiest things Powerball can change is to increase the prize for 1 + 1.  I think it's pretty strange to have a separate prize level for 1 + 1 when it awards the exact same prize as 0 + 1.

I couldn't agree more!  I hit the 1+1 often and it is discouraging that it pays the same as just the powerball number.

Happyland
United States
Member #146344
September 1, 2013
1129 Posts
Offline
 Posted: October 24, 2013, 12:16 pm - IP Logged

Hi LottoMetro,

Based on your chart it looks like the 4 + 1 will be going down from 40,000 to 28,000. Since I always play Powerball with the powerplay it looks like that is a big letdown. When I play I'm always hoping for at least a lower tier prize since winning the jackpot or the 2nd prize is so impossible. The other increases seem very small and they are going to lower the 1+1 and 0 + 1 to 11 dollars instead of 12 dollars. I'm not sure what the prizes will be if the multiplier is 3 or 4.

Yes, JonD is right....the payouts I posted would not be what you receive if you won. It was simply a weighted average of payouts (basically, from the lottery's perspective). If you played this over time your average winnings would be about this much because of how often the multiplier appears. As mentioned, I suspect that although the change mostly changes the variability of lower prizes, it is to being reinstituted to compensate for the lackluster Powerplay sales which increase the liability of higher prizes. True, 1 cent difference in expectancy is really not signficant, but over a period of several years it will add up.

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

2016: -48.28% (13 tickets) ||
P&L % = Total Win(\$)/Total Wager(\$) - 1

Idaho
United States
Member #94283
July 17, 2010
2284 Posts
Offline
 Posted: October 24, 2013, 1:15 pm - IP Logged

The only way this will be kinda sorta ok with me is if the 5+0 is also multiplied.  I have a feeling PB is a little worried about MM's potential 5M payoff at the 5+0 level and is scrambling to cut their losses by implementing something like it.

If I'm wrong and the 5+0 will not be multiplied, then it sucks.  lol

United States
Member #93164
June 23, 2010
1325 Posts
Offline
 Posted: October 24, 2013, 2:04 pm - IP Logged

Good luck to the people purchasing the Powerplay playing Powerball.

Marquette, MI
United States
Member #20541
August 20, 2005
705 Posts
Offline
 Posted: October 24, 2013, 7:17 pm - IP Logged

Well now they are giving Megamillions a break and making people consider buying 2 PB tickets for \$4 instead of the powerplay

New Member
NEW YORK CITY
United States
Member #146761
September 13, 2013
43 Posts
Offline
 Posted: October 24, 2013, 10:22 pm - IP Logged

Thanks for the update

Zeta Reticuli Star System
United States
Member #30470
January 17, 2006
10353 Posts
Offline
 Posted: October 24, 2013, 11:49 pm - IP Logged

From the OP:

"The return of the Power Play variable multiplier is expected to be popular with our Powerball players," said Lottery Executive Director Todd Rucci.

Translation,

We're not selling near the \$3 tickets we thought we would and to try to get people to play the Powerplay - and thus an extra dollar per ticket, we're brining back the multiplier.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

Mcminnville, Oregon
United States
Member #3013
December 13, 2003
3052 Posts
Offline
 Posted: October 24, 2013, 11:53 pm - IP Logged

If I read it right their not changing the 5+0 prize from \$2 million so it only affects the \$10,000 prize and lower so they are not going to be head to head with mega millions on that level.-weshar75

New York, NY
United States
Member #13514
April 7, 2005
235 Posts
Offline
 Posted: October 25, 2013, 11:31 am - IP Logged

I guess with Mega Millions making hteir game change, Powerball had to come up with something to stay in the loop.

NEW YORK
United States
Member #90535
April 29, 2010
11982 Posts
Offline
 Posted: October 25, 2013, 2:26 pm - IP Logged

Risking \$2 to win \$5 Million playing Mega Millions?

VS.

Risking \$3 to win \$2 Million playing Powerball?

PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

The Quantum Master
West Concord, MN
United States
Member #21
December 7, 2001
3675 Posts
Offline
 Posted: October 25, 2013, 4:31 pm - IP Logged

How about changing this multiplier   from   2 x \$1.00 = 1 Play   to   1 x \$1.00 = 1 Play

Maybe we'll play again.

Presented 'AS IS' and for Entertainment Purposes Only.
Any gain or loss is your responsibility.

Order is a Subset of Chaos
Knowledge is Beyond Belief
Wisdom is Not Censored
Douglas Paul Smallish
Jehocifer

Happyland
United States
Member #146344
September 1, 2013
1129 Posts
Offline
 Posted: October 25, 2013, 4:46 pm - IP Logged

Risking \$2 to win \$5 Million playing Mega Millions?

VS.

Risking \$3 to win \$2 Million playing Powerball?

More like:

Risking \$2 to win \$5 million with odds of 1 in 46,230,510 playing Mega Millions

vs.

Risking \$3 to win \$2 million with odds of 1 in 5,153,633 playing Powerball

The odds of winning \$1 million in MM are 1 in 18,492,204 and because the "5x" multiplier has odds of 1 in 2.5, the result is conditional. 60% of the time your prize will be less than \$5 million. Using a weighted multiplier and dividing by cost, the 2nd prize for MM is worth ~10.5 cents versus ~12.9 cents in Powerball. So really, it's not as great as it seems

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

2016: -48.28% (13 tickets) ||
P&L % = Total Win(\$)/Total Wager(\$) - 1

NEW YORK
United States
Member #90535
April 29, 2010
11982 Posts
Offline
 Posted: October 25, 2013, 5:22 pm - IP Logged

More like:

Risking \$2 to win \$5 million with odds of 1 in 46,230,510 playing Mega Millions

vs.

Risking \$3 to win \$2 million with odds of 1 in 5,153,633 playing Powerball

The odds of winning \$1 million in MM are 1 in 18,492,204 and because the "5x" multiplier has odds of 1 in 2.5, the result is conditional. 60% of the time your prize will be less than \$5 million. Using a weighted multiplier and dividing by cost, the 2nd prize for MM is worth ~10.5 cents versus ~12.9 cents in Powerball. So really, it's not as great as it seems

I forgot everything about the odds of winning MM. Did you know that lottery players spent \$1.5 Billion US dollars trying to win a \$640 Million Mega Millions jackpot? I contributed \$1 to the pool of losers and winners.

PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

NEW YORK
United States
Member #90535
April 29, 2010
11982 Posts
Offline
 Posted: October 25, 2013, 5:35 pm - IP Logged

How about changing this multiplier   from   2 x \$1.00 = 1 Play   to   1 x \$1.00 = 1 Play

Maybe we'll play again.

I bought a \$2 Mega Millions quick pick ticket with Megaplier today. I have spent \$3 for a powerball ticket with Powerplay too. I won zero dollars.

PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

 Page 2 of 3