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Powerball Power Play variable multiplier to return in January

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

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THRIFTY's avatar - great seal_obverse.jpg
NEW YORK
United States
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April 29, 2010
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Posted: October 25, 2013, 5:42 pm - IP Logged

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

I wonder why each lottery is offering thousands of games with no real value to lottery players. They want us to spend money on the lottery everyday.

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    Jon D's avatar - calotterylogo
    Los Angeles, California
    United States
    Member #103813
    January 5, 2011
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    Posted: October 25, 2013, 7:20 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 Wink

    I've said it before, I'm not a fan of either Megaplier or Powerplay, but it seems like Megaplier may be the lesser of two evils.

    Both Megaplier and Powerplay are side bets that return ~50% and when combined with the base wager increase 2nd thru 9th prizes total return:

    MM from 17.42% to 33.68% with Megaplier
    PB from 18.02% to 28.67% with Powerplay
    New PB with variable multiplier: increases from 18.02% to 28.47% with Powerplay. Less than 1% difference, essentially a wash. The small difference coming from the need to create simple ball draw equivalent multiplier ratios:
    2x - 5/10
    3x - 3/10
    4x - 1/10
    5x - 1/10

    Powerball is really limited in their options, which is why they couldn't do the 2nd prize with variable multiplier. They don't have the margin. They would either need to have even more ridiculous multiplier odds, or increase the price of Powerplay to $2, both would be bad PR moves. So they just did what they did.

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
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      March 24, 2001
      19895 Posts
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      Posted: October 26, 2013, 12:34 pm - IP Logged

      I wonder why each lottery is offering thousands of games with no real value to lottery players. They want us to spend money on the lottery everyday.

      Most states offer only 5-10 online games and maybe 50 scratch-off games, unless you're traveling all over the country you'll never see more than a hundred of them. 

      These games aren't suppose offer any real value, they are only meant to be an entertaining way to get rid of your money and maybe end up with some extra cash if you're real lucky.

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       

        mypiemaster's avatar - 2015021003pileofcash
        JACKPOT HUNTER

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        Posted: October 28, 2013, 8:34 am - IP Logged

        Hmmm...sounds like PB is having "MULTIPLIER ENVY".

        Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

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          TheOtherOne's avatar - Lottery-027.jpg
          Nashville, TN
          United States
          Member #86739
          February 9, 2010
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          Posted: October 28, 2013, 11:07 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.

          This!

          It seems every time I've hit the pb since the increase, it includes on white ball.

          Yay! I win nothing extra.

          Even if it added a buck or 2 to the $4 it would be better than nothing.

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            Texas
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            September 4, 2012
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            Posted: November 17, 2013, 4:56 am - IP Logged

            I wonder if the said changes brought increase in ticket sales? Did they increase in prize? I hope they can  make changes that the players will love. I think some changes happen just to say that there's something new.