Lotto 5/25: New Game Idea

Reply #14

johnph77 — Tue, 13 Feb 2007 04:37:15 GMT

Even if the prizes for 4/5 through 1/5 were free play tickets or $1.00 payouts, a 75% payout percentage would yield a jackpot of only $2,222.00

Reply #13

JimmySand9 — Mon, 12 Feb 2007 20:53:50 GMT

A 5/25 is doable, but not in the manner you suggested. Try going here, it's a useful tool when creating game matrices and prize structures.

Reply #12

RJOh — Sat, 10 Feb 2007 01:38:14 GMT

According to those figures for every 53130 tickets sold at $1 each, there would be one jackpot winner and with a distribution as suggested by rdc137 if the states kept 50% of sales for themselves then the prize pool would be $26,565.

50% for 1 jackpot = $13,283 each

25% for 100 match 4 = $132 each

15% for 1900 match 3 = $2 each

10% for 11400 match 2 = 20 each

*free ticket for 24225 match 1 = (worth $1=$24,225)- a player would be better off to match one than matching two. All the state... [ More ]

Reply #11

johnph77 — Fri, 09 Feb 2007 06:01:28 GMT

Odds chart for 5/25 matrix:

Draw 5

Hit

Possibilities

Odds - 1::

25

5

1

53130.00

4

100

531.30

3

1900

27.96

2

11400

4.66

1

24225

2.19

0

15504

3.43

53130

1.00

gl

j

Reply #10

LckyLary — Thu, 08 Feb 2007 23:34:26 GMT

One thing is they take tax out. When the PB is 100million and the cash option is 50 and the tax on THAt is 20, that leaves 30 million. Most people could live lavishly for the rest of their life with that much. It's about power and security and attention. Also when it's over 100 usually the News keeps mentioning it so more people who weren't thinking about it go play.

I'd definitely try any new game they come out with. The percentages are meant to be of the prize pool total.. so 7.5 percent of... [ More ]

Reply #9

pumpi76 — Thu, 08 Feb 2007 23:17:52 GMT

Some how i don't believe that. So in 1 year there were only 36 winners for that game 6/25? It can't be...But that game has the potential to create 1,920 winners in 1 year...Only 36 winners is 1.8% of the potential winners...

Reply #8

justxploring — Thu, 08 Feb 2007 17:19:49 GMT

I agree, RJOh. However, after so many years of playing without even getting 5/6, I would stop if I hadn't been chasing the same numbers for 12 years. It's become an addiction. I wouldn't kill anyone or rob to get the $4 every Wed Sat, but I have a fear (as crazy as it sounds) of discontinuing to play them. Anyway, my point is that I'd rather share a $25,000 jackpot than no jackpot at all. Even the odds of winning Fantasy 5 here is 1:377,000. I'm one of those players who don't get excit... [ More ]

Reply #7

RJOh — Thu, 08 Feb 2007 17:08:15 GMT

justxploring,

According to West Virgina website during the last year of drawings there were 34 jackpot winners all on different dates. Since they have four drawings per week that's 34 of 208 chances or 3 winners a month. This game would probably work just as well in Florida, but a chance to share a $25,000 jackpot for $1 with odds of 1:177,100 might not look as attractive to Floridians with so many more possible players.

Reply #6

justxploring — Thu, 08 Feb 2007 16:38:51 GMT

I agree. Just like the casinos, the states want to come out ahead all the time. Of course I think it's a great idea! (I wish the 6 number FL lottery didn't change from 6/49 to 6/53!) Regarding the pick-5 game, our Fantasy 5 game now has 36 numbers. Although once in a while you will see just 1 player win, more often than not you will see 2, 3 and more winners. In January seventeen people won a jackpot, since the numbers drawn were so low. RJOh, I've never followed West VA. With only 25 nu... [ More ]

Reply #5

RJOh — Wed, 07 Feb 2007 17:47:43 GMT

Many scratch-off games have these kinds of odds if you consider (5/25=1/5).

Reply #4

pumpi76 — Wed, 07 Feb 2007 17:40:14 GMT

Rdc137, i don't know what you mean by states too small to have their own pick6 game? what do you mean by that?

I thought about the idea before too..I've even wrote it down..But your concept you describe above, there is a mistake i don't think would work..The 1of 5= free ticket option i don't think it will work..I don't think there should be prize for the 1 of 5 option..A game with that option will be too easy having in mind that a 5/25 would be ..I am not sure but the 2 of 5 option should ha... [ More ]

Reply #3

RJOh — Mon, 05 Feb 2007 23:04:37 GMT

The overall odds of winning a prize for such a game is 1:1.4 which means there would be practically no losers except the states. That's the kind of game more lottery players would like to see. West Virginia has a 6/25 game which pays $1 for a 3/6 match. It's jackpot is $25,000 and that is probably as easy of game to win the jackpot as you'll ever see.

Reply #2

johnph77 — Mon, 05 Feb 2007 18:22:24 GMT

Matching 1 of 1 in this game with a free play and no other prizes would be a game payout percentage of 45.60%.

I doubt if you'd find any state in the U.S. willing to offer a game with a payout percentage of 75%.

Nice in theory, but doesn't compute. Sorry.

gl

j

Reply #1

pumpi76 — Mon, 05 Feb 2007 17:07:52 GMT

any 5/25 game I am in favor of it...

Lotto 5/25: New Game Idea

rdc137 — Mon, 29 Jan 2007 23:28:28 GMT

This is a concept for states too small to have their own Pick 6 game. The idea is a Pick 5 of 25 game that would have pari-mutual prizes and a rolldown feature. 75 cents of each dollar would go into the prize pool and be distributed as follows:

Match 5 of 5 = 50% of the prize poolMatch 4 of 5 = 25% of the prize poolMatch 3 of 5 = 15% of the prize poolMatch 2 of 5 = 10% of the prize poolMatch 1 of 5 = free ticketMatch 0 of 5 = no prize

The idea is to create a game with a small number and ge... [ More ]