The Percentage Who Go Bankrupt?

Reply #12

tntea — Sat, 17 Feb 2007 18:37:14 GMT

The online that provides the casino games and sportsbet take in more money. The lottery games do pay out better than the in store games in the states.

I am sure that the casinos online that provide the lottery, keep their banks up. I worried about getting in trouble with all the transfers back to my bank account after winning. I finally got the money settled here and there and have decided not to play online anymore.

I miss it something terribly. But the worries are gone now..

Th... [ More ]

Reply #11

tungsten chef — Sat, 17 Feb 2007 17:53:06 GMT

the online books that do have the daily number games probably figure in all the money they make from every area..casino, sports, lottery. i'm sure if they were losing money big on just the daily games they would change the wager from a minimum of 25 cents to a higher wager or shut them down completely.

Reply #10

LOTTOMIKE — Thu, 15 Feb 2007 07:34:54 GMT

i've wondered this myself.good question....

Reply #9

LottoL — Wed, 14 Feb 2007 08:21:26 GMT

I agree. . .

But I wonder how many of those 97% were up on the plus side at one time or another?

In the long run, it's a loser's game for most players. As for me, I've always had better

luck at casinos in Las Vegas -- playing lotteries has never paid off in a positive way.

Best of Luck!

LottoL

Reply #8

LckyLary — Tue, 13 Feb 2007 04:14:59 GMT

On Numbers games the Lottery usually takes 50 percent (not taxes, just their share!) so your system has to have a hit ratio of 200% of normal (random chance) just to break even! I saw an ad on here for online where Pickits are 25c instead of 50c. If the payouts match the State payouts then a system used with online plays could make good profit with only a slight edge over normal. The catch is, I don't know! How they sell Numbers for 25c is a mystery but I speculate that for Numbers games they do... [ More ]

Reply #7

MADDOG10 — Tue, 13 Feb 2007 02:22:50 GMT

Absolutely agree with this...

Reply #6

LOTTOMIKE — Mon, 12 Feb 2007 13:30:47 GMT

unless you have consistent hits you'll always bust sooner or later.

Reply #5

tntea — Tue, 06 Feb 2007 23:37:15 GMT

Until they get to the point that they will have a reason behind a number they are playing.

Hubby bets ballgames. I will pick a game and he will ask Why? .. He assures me that I need to have a reason behind my picks or it is just plain foolish gambling.

Reply #4

allcash! — Tue, 06 Feb 2007 19:37:58 GMT

I agree

Reply #3

guesser — Tue, 06 Feb 2007 19:34:53 GMT

97% of all folks that visit casinos lose, it's no different here, in the long run.

Reply #2

JAG331 — Tue, 06 Feb 2007 16:10:22 GMT

The lottery is designed to be a losing game...so I'd say most people would have to restock their account at some point.

Reply #1

tntea — Tue, 06 Feb 2007 11:53:13 GMT

If I did it more than once, I would quit...

I had to add to my account when I first started two weeks later...

I went quarter crazy..

The Percentage Who Go Bankrupt?

sfilippo — Tue, 06 Feb 2007 11:01:25 GMT

Is this one too personal? Might be.

I'd say the percentage is right inline with commodity traders and 95% of online players go bust, including me.