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Lottery pool can't be a business in Tennessee

Topic closed. 32 replies. Last post 2 years ago by Thegreenpirate.

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TnTicketlosers's avatar - Lottery-065.jpg

United States
Member #71120
February 19, 2009
1209 Posts
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Posted: June 11, 2014, 12:37 am - IP Logged

All the arguments that arise,statements that are made,the complaints,or whatever ,Tennessee lottery is a joke in this country,everyone knows it,nothing will ever be done about it.Just keep your money because you wont now or ever win here.I see it everyday.

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19831 Posts
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    Posted: June 11, 2014, 1:43 am - IP Logged

    I THINK OHIO IS CHEATING ON THEIR GAME CLASSIC LOTTO THAT HAS NOT BEEN HIT IN ALMOST 4 YEARS!!! CHEATING AZZES!!!!

    I suppose when someone does win you'll claim it was an inside job in spite of the fact during the entire history of the game there have only been a handful of jackpot winners.  I think if matching three paid more like $5 instead of $2 players would take more chances and buy more tickets.

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

      TnTicketlosers's avatar - Lottery-065.jpg

      United States
      Member #71120
      February 19, 2009
      1209 Posts
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      Posted: June 11, 2014, 8:00 am - IP Logged

      Do this country,Tennesseans a favor ,close the doors.

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        19831 Posts
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        Posted: June 11, 2014, 12:48 pm - IP Logged

        Do this country,Tennesseans a favor ,close the doors.

        Players in Tennessee have made their choice, if enough of them weren't playing then the doors would be closed.

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

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19831 Posts
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          Posted: June 11, 2014, 1:27 pm - IP Logged

          Electronic. I wish they'd go back to the LIVE tumbler machines.

          Wrong.  They are mechanical and clips of them are archived at the website for anyone who would like to watch them.

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

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            Kentucky
            United States
            Member #32652
            February 14, 2006
            7322 Posts
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            Posted: June 11, 2014, 2:13 pm - IP Logged

            I suppose when someone does win you'll claim it was an inside job in spite of the fact during the entire history of the game there have only been a handful of jackpot winners.  I think if matching three paid more like $5 instead of $2 players would take more chances and buy more tickets.

            Can't find the actual ticket sales for Classic Lotto by drawing so I can only guess it averages around 300,000 based on the jackpot increases. I did find where Classic lotto had $42.3 million in ticket sales for 2012 and that average is around 275,000 per drawing. Nether figure is enough to expect lots of jackpots and with only a 2% chance of having jackpot winner every drawing, it could be a very long time.

            If the sales are 300,000, at best there should be an average of only six 5 of 6 matches per drawing. Players get better odds and better payoffs playing pick-4 so it should be obvious why the OCL sales are low. Ohio has two other big jackpot games so if they want to increase OCL ticket sales, they could create a must win jackpot level and if not won, distribute the jackpot in the secondary prizes.

              RJOh's avatar - chipmunk
              mid-Ohio
              United States
              Member #9
              March 24, 2001
              19831 Posts
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              Posted: June 11, 2014, 5:10 pm - IP Logged

              Can't find the actual ticket sales for Classic Lotto by drawing so I can only guess it averages around 300,000 based on the jackpot increases. I did find where Classic lotto had $42.3 million in ticket sales for 2012 and that average is around 275,000 per drawing. Nether figure is enough to expect lots of jackpots and with only a 2% chance of having jackpot winner every drawing, it could be a very long time.

              If the sales are 300,000, at best there should be an average of only six 5 of 6 matches per drawing. Players get better odds and better payoffs playing pick-4 so it should be obvious why the OCL sales are low. Ohio has two other big jackpot games so if they want to increase OCL ticket sales, they could create a must win jackpot level and if not won, distribute the jackpot in the secondary prizes.

              "if they want to increase OCL ticket sales, they could create a must win jackpot level and if not won, distribute the jackpot in the secondary prizes."

              Like that Winfall game in Massachusetts where all the big spenders came in at the last minute and brought most of the second tier prizes to win most of the jackpot money.  I think state lottery commissions should have learned a lesson from that, I doubt if that will happen again in the near future.

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

                LottoMetro's avatar - Lottery-024.jpg
                Happyland
                United States
                Member #146344
                September 1, 2013
                1129 Posts
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                Posted: June 11, 2014, 5:29 pm - IP Logged

                "if they want to increase OCL ticket sales, they could create a must win jackpot level and if not won, distribute the jackpot in the secondary prizes."

                Like that Winfall game in Massachusetts where all the big spenders came in at the last minute and brought most of the second tier prizes to win most of the jackpot money.  I think state lottery commissions should have learned a lesson from that, I doubt if that will happen again in the near future.

                Well, the upcoming $5 national game has a similar premise....jackpot capped at $50 million and higher secondary prizes if not won. But, it will never have a Winfall exploit situation due to the odds and cost.

                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

                  RJOh's avatar - chipmunk
                  mid-Ohio
                  United States
                  Member #9
                  March 24, 2001
                  19831 Posts
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                  Posted: June 11, 2014, 6:13 pm - IP Logged

                  Well, the upcoming $5 national game has a similar premise....jackpot capped at $50 million and higher secondary prizes if not won. But, it will never have a Winfall exploit situation due to the odds and cost.

                  Sounds nice but who will be interested in paying $5 for a ticket for a game with a $50M cap when with the promotion Ohio has on for MM buy 2 get 1 free they can buy a ticket for game up to a $100M cap for 67¢?

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
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                    psykomo's avatar - animal shark.jpg

                    United States
                    Member #4877
                    May 30, 2004
                    5124 Posts
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                    Posted: June 11, 2014, 9:01 pm - IP Logged

                    I think the wording of ' he gets his fee OR a share of the winnings' .

                    By this, I assume he would charge people for buying tickets, whether they won or not, and most likely it would be  "not".  But that he would share in the pot if they won anything. 

                    I don't think I would want to participate in his business.

                    shadowlady:

                    I Agree!>>>>>>>>his wording DONE him N & maby he B deported from D state of Tennessee ASAP!!!!!!!!!!!

                    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>!!!!!!!!!!

                      RedStang's avatar - tallman zps6gf4inoc.jpg
                      NY
                      United States
                      Member #121961
                      January 21, 2012
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                      Posted: June 12, 2014, 12:48 am - IP Logged

                      Do this country,Tennesseans a favor ,close the doors.

                      Someone is thankful they didn't close the doors.

                        RJOh's avatar - chipmunk
                        mid-Ohio
                        United States
                        Member #9
                        March 24, 2001
                        19831 Posts
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                        Posted: June 12, 2014, 4:04 pm - IP Logged

                        Someone is thankful they didn't close the doors.

                        You can be sure it wasn't one of those Tennessee losers who said they never buy lottery tickets in state.

                         * you don't need to buy more tickets, just buy a winning ticket * 
                           
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                          Kentucky
                          United States
                          Member #32652
                          February 14, 2006
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                          Posted: June 13, 2014, 5:13 pm - IP Logged

                          "if they want to increase OCL ticket sales, they could create a must win jackpot level and if not won, distribute the jackpot in the secondary prizes."

                          Like that Winfall game in Massachusetts where all the big spenders came in at the last minute and brought most of the second tier prizes to win most of the jackpot money.  I think state lottery commissions should have learned a lesson from that, I doubt if that will happen again in the near future.

                          Don't forget those big spenders were taking a chance nobody but them would win the jackpot. The lottery notified the players when there were roll backs, but one player or group bought enough tickets to trigger a roll back leaving the lottery without enough time to notify all the players.

                          That MM promotion in Ohio shows how that lottery feels about the OCL game.

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                            NEW YORK
                            United States
                            Member #90535
                            April 29, 2010
                            11983 Posts
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                            Posted: June 15, 2014, 1:24 pm - IP Logged

                            Don't forget those big spenders were taking a chance nobody but them would win the jackpot. The lottery notified the players when there were roll backs, but one player or group bought enough tickets to trigger a roll back leaving the lottery without enough time to notify all the players.

                            That MM promotion in Ohio shows how that lottery feels about the OCL game.

                            The lottery is in the business of making money not losing it.

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                              NEW YORK
                              United States
                              Member #90535
                              April 29, 2010
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                              Posted: June 15, 2014, 1:26 pm - IP Logged

                              It's like this in many states, but it's just not every day that you get the Attorney General to issue a formal opinion about it.

                              The lottery belongs to Tennessee state.