Lotto South v Lose for Life

Reply #25

tony95 — Tue, 28 Mar 2006 21:39:47 GMT

As far as being better than one that doesn't exist, there comes a point where your better off just trying your luck at a blackjack table. Assuming you know how to play blackjack correctly, your odds of winning a hand should be 50/50. The odds of winning 14 in a row would be 1 in 16,000. If you start with a $100 bet and double up on every win (1st bet = $100, 2nd = $200, 3rd = $400, etc..) you could take home 1.6 million. Still very long odds, but I would have to stop after winning the first... [ More ]

Reply #24

CASH Only — Tue, 28 Mar 2006 18:31:16 GMT

NY Rotto players are so stupid. They don't know, or don't care, that they are getting RIPPED OFF.

Reply #23

DoctorEw220 — Tue, 28 Mar 2006 17:27:09 GMT

You aren't playing for a maximum of 40 cents on the dollar with NY Lotto. You're playing to win the jackpot.

Reply #22

RJOh — Tue, 28 Mar 2006 17:13:06 GMT

In the real world, the only good lottery game is one that you can play. It's a no-brainier, Lose for Life may not be a great game, but it better than one that doesn't exists. Now if you just dreaming about playing the lotteries, than that's a different world.

Reply #21

tony95 — Tue, 28 Mar 2006 17:09:43 GMT

And my point was that if your going to spend a dollar on a lottery ticket there are better options out there. But hey, if you wanna play Lose for Life that is your choice. Just dont think 1000/wk is going to solve you financial woes, because it is a not a very large amount of money and won't go very far. In fact in 20 years living on 52k a year may put you at or below the poverty line. I wouldn't mind having an extra 36k, but the odds in Lose for Life suck for such a small amount of money.... [ More ]

Reply #20

sirbrad — Tue, 28 Mar 2006 16:37:35 GMT

I said I would lose many financial worries, not all of them. I don't care how much 36k is to you, to me I could utilize that extra money along with my business savvy to generate even more income, and have the free time to relax - as opposed to working all the time in a job I am not happy with. I have no problem living a frugal lifestyle to make money last, especially money that is automatically deposited into my account for LIFE. Some are greedy, and some are grateful for what they get, reg... [ More ]

Reply #19

tony95 — Tue, 28 Mar 2006 15:15:35 GMT

Actually, in Tennessee we had a Win for Life scratch off that i think payed out $1 million dollars over 20 years and I don't think the odds where anywhere near the 5 million to 1 that this goose egg has layed. Oh well, this is my final rant on the subject.

Reply #18

tony95 — Tue, 28 Mar 2006 15:12:32 GMT

One more bash on Lose for Life. Static games like this are boring. I live in Tennessee and when Lotto South reached about 10 million I would starting driving to Kentucky to buy tickets. The higher it went, the more I bought. This gives the player some control over how they play the game. Lose for Life is static and boring, this might as well be a scratch off game with the worst odds ever. Lotto South reached $28 million on it's last run, how exciting was that. I miss Lotto South, but ther... [ More ]

Reply #17

tony95 — Tue, 28 Mar 2006 14:58:39 GMT

Let's say the average player lives 30 years. Thats a average payout of 1.5 million for Lose for Life. The average payout on Lotto South was about 8 million. The odds for Lose for Life are 1 in 5 million and Lotto South 1 in 14 million. If we standardize that it comes to...

1.5m dollars payed out for 5m tickets sold equals 30% payout

8m dollars payed out for 14m tickets sold equals a 57% payout (wow, that's better!)

To put it in different terms Lose for Life (30 cents payback on the... [ More ]

Reply #16

CASH Only — Tue, 28 Mar 2006 14:53:37 GMT

NY Rotto actually is the WORST deal for a lottery game. You are playing for a maximum 40 cents on the dollar, when almost all lottery games pay back at least 50 cents.

It's not how many games you get for $1, it's the payout %.

Reply #15

tony95 — Tue, 28 Mar 2006 14:38:27 GMT

The Win for Life payout is only 52K a year, just a little more than what I make now. After taxes, that's only about 36K. Enough to buy a Ford Explorer or a low-end Lexus like the ES, not anything better. And in about 10 years, 36K wont even buy you that. In 20 years, you'll be lucky to pay your rent with such a pittance. Lotto South was a much better deal for the Players.

Reply #14

Littlemanjen — Tue, 28 Mar 2006 13:27:47 GMT

Isn't the NY Lotto only 50 cents per line though? I think when I was there and bought tickets last year when it was around 40 Mil, I spent 5 bucks and got 10 lines.

Reply #13

sirbrad — Tue, 28 Mar 2006 10:52:24 GMT

You should change your username to lose for life being that is all you say in EVERY post you ever post. When I win lucky for life the only thing I will be losing is many of my financial worries.

Reply #12

CASH Only — Mon, 27 Mar 2006 22:05:01 GMT

If I move, it'll be to Connecticut. The GA lottery has slowly become corrupt with the new Lose for Life without a cash option.

Reply #11

DoubleDown — Mon, 27 Mar 2006 21:54:17 GMT

I like SC lottery. Good payback %

Agree on GA and FL

DD

Reply #10

LOTTOMIKE — Mon, 27 Mar 2006 21:49:19 GMT

i think the southern states have the best lotteries bar none.look at georgia and florida.numbers 1 and 2 for best lotteries in my opinion and i'm sure they'll be plenty who agree.....

Reply #9

konane — Mon, 27 Mar 2006 21:35:03 GMT

Yes I know where Ms. DeFrancisco came from. Our lottery is pretty much a stand alone corporation where she has more options at her disposal of how to run things. I believe that's why things are working so well here ..... she is really doing a good job so far.

Payouts are a trade-off so considering how your lotto is structured it doesn't seem so bad on the outside looking in.

Hey why don't you move to Georgia or one of the southern states? That'll solve your lottery objections... [ More ]

Reply #8

CASH Only — Mon, 27 Mar 2006 19:15:22 GMT

In NY only Rotto is two games/$1. The prize return is a maximum of 40%, which is unacceptable regardless of how many games you get for a dollar.

The NY lottery _is_ part of state government, unlike neighboring Connecticut. I see your point. Your lottery director, Ms DeFrancisco, ran the NY lottery just before moving on to GA.

Reply #7

konane — Mon, 27 Mar 2006 19:10:37 GMT

Aren't NY lottery tickets 2 for $1.00 or am I wrong on the price? If so that seems a somewhat fair trade off for a lesser percentage payoff. Also do you get to select your own numbers or are they quick pick only?

Also isn't the NY lottery part of the state government instead of a stand alone corporation overseen by the state? If so the problem seems with the political system rather than lottery specifically.

Frankly I don't see Win for Life lasting as long as Lotto South either alth... [ More ]

Reply #6

CASH Only — Mon, 27 Mar 2006 18:43:29 GMT

NY Lotto has terrible prizes ($1 for a 3/6 match?) NYers do have a different mindset-many of us (not me) are stupid when it comes to playing the lottery.

The novelty of Lose for Life wore off BEFORE its first booby prize. It certainly will not last as long as Lotto South.

Reply #5

MrBobb — Mon, 27 Mar 2006 15:42:36 GMT

Hey GLC - Please Bring Back Lotto Georgia

Reply #4

DoubleDown — Mon, 27 Mar 2006 15:37:45 GMT

CASH: Didja see where someone in KY hit the win for life Sat

Reply #3

konane — Mon, 27 Mar 2006 15:31:51 GMT

Quote: Originally posted by CASH Only on March 27, 2006 Quote: Originally posted by konane on March 27, 2006 Neither for Georgia.

Lotto Georgia in its original format 6/46 drawn once a week in Georgia by Glenn Burnes or any of the others who draw Mega Millions.

With Lotto Georgia you had a choice of Cash or Annuity.

Lotto GA, Lotto KY, and Lotto VA were all better than Lose for Life. Lotto South needed a bigger matrix and at least one more state.

I've argued the point ad nauseam,... [ More ]

Reply #2

CASH Only — Mon, 27 Mar 2006 15:05:01 GMT

Lotto GA, Lotto KY, and Lotto VA were all better than Lose for Life. Lotto South needed a bigger matrix and at least one more state.

Reply #1

konane — Mon, 27 Mar 2006 15:01:14 GMT

Neither for Georgia.

Lotto Georgia in its original format 6/46 drawn once a week in Georgia by Glenn Burnes or any of the others who draw Mega Millions.

With Lotto Georgia you had a choice of Cash or Annuity.

Lotto South v Lose for Life

CASH Only — Mon, 27 Mar 2006 14:36:15 GMT

Lotto South was replaced last month by Lose for Life. Unlike L4L, all LS winners had a cash option.