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Iowa and Minnesota lotteries kick off new multi-state game

Topic closed. 25 replies. Last post 3 years ago by JADELottery.

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Zeta Reticuli Star System
United States
Member #30470
January 17, 2006
10344 Posts
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Posted: January 28, 2014, 6:50 pm - IP Logged

This games stinks.

The Illinois version is called Hit or Miss and it's a $2 ticket with 4 drawings a day.

The most common result is you have 5, 6, or 7 hits which pays nothing, but on the bsck of the playslip it makes it look like everything pays, they omit 5, 6, or 7 hits in the pay chart.

To make it simple, I track it with a make believe ticket of 1, 2, 3, 4, 5, 6, 19, 20, 21 2, 23, 24.

(You can use any set of 12 numbers and track it and get the same results.)

Most days playing every drawing the result would have been - $8.

One time it was + $2 and real or on paper I never saw a bigger win that that.

This is a lottery equivalent of poker players getting inexperienced people to play Lo-ball - "Oh, I'll play, I always get bad cards"- so then they go into a pot with a pair of Kings.

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

Lep

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.

    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
    Massachusetts
    United States
    Member #37433
    April 14, 2006
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    Posted: January 28, 2014, 7:41 pm - IP Logged

    I was curious why someone would play this new game with horrible odds if they lived in Iowa and could play Iowa's $100,000 Cash Game which was a daily game and top prize odds were about 6 times better. So I went to Iowa lottery website and saw to my disbelief that they stopped offering Cash 5 in Jan 25, 2014.  Below were the odds of the discontinued Iowa's $100,000 Cash Game. Chair I hope Iowa people reject the new game or else other states follow suit and discontinue their Cash 5 type games in favor of games with much greater odds against the players. 

    Prizes and Odds

    Match PrizeOdds
    5*$100,0001 in 324,632
    4$1001 in 2,164
    3$51 in 74
    2$11 in 8

    Overall Odds: 1 in 7.20

    That money's gone fo ever

      Todd's avatar - Cylon 2.gif
      Chief Bottle Washer
      New Jersey
      United States
      Member #1
      May 31, 2000
      23259 Posts
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      Posted: January 28, 2014, 7:43 pm - IP Logged

      I was curious why someone would play this new game with horrible odds if they lived in Iowa and could play Iowa's $100,000 Cash Game which was a daily game and top prize odds were about 6 times better. So I went to Iowa lottery website and saw to my disbelief that they stopped offering Cash 5 in Jan 25, 2014.  Below were the odds of the discontinued Iowa's $100,000 Cash Game. Chair I hope Iowa people reject the new game or else other states follow suit and discontinue their Cash 5 type games in favor of games with much greater odds against the players. 

      Prizes and Odds

      Match PrizeOdds
      5*$100,0001 in 324,632
      4$1001 in 2,164
      3$51 in 74
      2$11 in 8

      Overall Odds: 1 in 7.20

      The news story here already mentions that the Cash Game ended Saturday.

       

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

       

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

        maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
        Massachusetts
        United States
        Member #37433
        April 14, 2006
        2747 Posts
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        Posted: January 28, 2014, 7:50 pm - IP Logged

        The news story here already mentions that the Cash Game ended Saturday.

        Oops. My bad. I didn't read the whole article that you provided for us. I also hope that this trend of dropping Cash 5 type games will not catch on. Some of us hope to win a jp in this lifetime.

        That money's gone fo ever

          Jon D's avatar - calotterylogo
          Los Angeles, California
          United States
          Member #103813
          January 5, 2011
          1530 Posts
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          Posted: January 28, 2014, 8:37 pm - IP Logged

          I was curious why someone would play this new game with horrible odds if they lived in Iowa and could play Iowa's $100,000 Cash Game which was a daily game and top prize odds were about 6 times better. So I went to Iowa lottery website and saw to my disbelief that they stopped offering Cash 5 in Jan 25, 2014.  Below were the odds of the discontinued Iowa's $100,000 Cash Game. Chair I hope Iowa people reject the new game or else other states follow suit and discontinue their Cash 5 type games in favor of games with much greater odds against the players. 

          Prizes and Odds

          Match PrizeOdds
          5*$100,0001 in 324,632
          4$1001 in 2,164
          3$51 in 74
          2$11 in 8

          Overall Odds: 1 in 7.20

          Not sure why Iowa cancelled their Cash 5 game. Are they downsizing or the lottery is disfavored there?

          In TX, IL and MN the All or Nothing type game was in addition to their Cash 5 and other existing lotto games.

          As for why someone would play, to me it's kind of like a Scratch game payouts in an online game: You get better overall odds of 1 in 4.5 and total payout of 60% which is better than most lotto games. And it has a lot more prize tiers, 12, compared to typically 3 or 4 like lotto games.(except JP games with 9) It's the combination of odds, prize structure and overall return that has to be considered. 

          Top prize odds are harder than cash 5, but better than lotto, so it really fits in the middle of those two. Actually it is closer to some scratch games top prize odds. But you'll get better typical return with AoN than either of those on your way to chasing the jackpot.

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
            United States
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            Posted: January 28, 2014, 10:19 pm - IP Logged

            Not sure why Iowa cancelled their Cash 5 game. Are they downsizing or the lottery is disfavored there?

            In TX, IL and MN the All or Nothing type game was in addition to their Cash 5 and other existing lotto games.

            As for why someone would play, to me it's kind of like a Scratch game payouts in an online game: You get better overall odds of 1 in 4.5 and total payout of 60% which is better than most lotto games. And it has a lot more prize tiers, 12, compared to typically 3 or 4 like lotto games.(except JP games with 9) It's the combination of odds, prize structure and overall return that has to be considered. 

            Top prize odds are harder than cash 5, but better than lotto, so it really fits in the middle of those two. Actually it is closer to some scratch games top prize odds. But you'll get better typical return with AoN than either of those on your way to chasing the jackpot.

            I'm sure if the game was generating healthy profits it would still be intact.  Lotteries are in the business of running popular games in order to generate profits for the state.  If a game is not popular, it will likely be canceled.

            When I say that a game must generate profits, I am not saying the game is so awarding too much in prizes.  All games are meticulously designed so that the prizes will not bankrupt the game or the lottery.  I am saying that the game must be popular, and that it sells enough tickets each drawing to justify its existence.

            Perhaps the Iowa Lottery could have redesigned their Cash 5 game to generate more sales.  That would be my personal approach, because I believe a Pick 5 game should be available in every state.  But I am not privy to the inner workings of the Iowa Lottery, and maybe there was a good reason to cancel the game.

             

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

             

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

              RedStang's avatar - tallman zps6gf4inoc.jpg
              NY
              United States
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              January 21, 2012
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              Posted: January 29, 2014, 1:03 am - IP Logged

              I'm sure if the game was generating healthy profits it would still be intact.  Lotteries are in the business of running popular games in order to generate profits for the state.  If a game is not popular, it will likely be canceled.

              When I say that a game must generate profits, I am not saying the game is so awarding too much in prizes.  All games are meticulously designed so that the prizes will not bankrupt the game or the lottery.  I am saying that the game must be popular, and that it sells enough tickets each drawing to justify its existence.

              Perhaps the Iowa Lottery could have redesigned their Cash 5 game to generate more sales.  That would be my personal approach, because I believe a Pick 5 game should be available in every state.  But I am not privy to the inner workings of the Iowa Lottery, and maybe there was a good reason to cancel the game.

              Yup Here's a good recent example: 

              Ark. Lottery Million Dollar Raffle loses $284,000

                dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                Oklahoma
                United States
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                November 12, 2009
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                Posted: January 29, 2014, 9:27 am - IP Logged

                I wish they'd bring this All or Nothing game to California. Our draw games are so stale. Unhappy

                They can axe the awful Daily Derby and put this in its place.(or course it would be pari-mutuel AoN)

                Oklahoma needs some new games too and they wonder why lottery sales are downBang Head

                I Love Pink & Green 1908

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
                  United States
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                  May 31, 2000
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                  Posted: January 29, 2014, 9:28 am - IP Logged

                  News reports from Minnesota indicate that already on the first day (Tuesday) 7 people won the $1,000 second prize, and the game paid out 90 percent of its sales for that day.  Not bad for players!

                   

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

                   

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

                    Jon D's avatar - calotterylogo
                    Los Angeles, California
                    United States
                    Member #103813
                    January 5, 2011
                    1530 Posts
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                    Posted: January 29, 2014, 9:53 am - IP Logged

                    News reports from Minnesota indicate that already on the first day (Tuesday) 7 people won the $1,000 second prize, and the game paid out 90 percent of its sales for that day.  Not bad for players!

                    Hurray for Minnesotans! Cheers

                    I guess that "Fellow Optimists of Minnesota" stuff must be working! Thumbs Up

                      JADELottery's avatar - MeAtWork 03.PNG
                      The Quantum Master
                      West Concord, MN
                      United States
                      Member #21
                      December 7, 2001
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                      Posted: January 30, 2014, 8:24 am - IP Logged

                      Played a total of $15.00, only down $6.00; not too bad.

                      Maybe play a little more after a few more drawings.

                      Need to see the number patterns for a bit.

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