% of Lottery Players That Make a Profit

Reply #19

WSN1 — Mon, 19 Feb 2007 00:54:34 GMT

Thanks for your feedback on this poll guesser.

Reply #18

WSN1 — Mon, 19 Feb 2007 00:53:09 GMT

Good info Rjoh!, in P3 50cents for every $1 spent is the odds factor stacked against anyone who places the game and the payout is out is 500 for a $1 bet with 1000 #s.... If the payout is 600 for a exact hit, then it would be 60cents for every $1, now it is probable on a given day that a $100 winner is equivalent to 199 players who got nothing.

Reply #17

RJOh — Sun, 18 Feb 2007 23:56:12 GMT

I just look at the annual reports for a few lotteries and they usually show the amount of sales and the amount paid out in prizes. They usually show for every $1 in sales 40 to 60 was paid out in prizes in all the lotteries, from P3 on up. Either every player got ~ 50 back for every $1 spent or for every player that won $100 there were 199 players who got nothing. It gets even worst when you try to figure the number of losers it takes to pay out a million dollar jackpot.

Reply #16

guesser — Sun, 18 Feb 2007 22:05:44 GMT

You need a choice like this:

'Greater than zero and less than one percent'.

Because I have seen folks win $100 a couple of times, and these guys buy a ticket about once a month.

I go to a Casino about once every two years just to see what's new, and the last three times I have gone I have spent $10 and won $100, so overall, I am a 'winner' in Casino games. I win - I spend about $10 more, and I LEAVE. I have been to the Casinos maybe 8 times total in my life.

Oh - Cripple Creek Colo... [ More ]

Reply #15

WSN1 — Sun, 18 Feb 2007 21:37:16 GMT

Hypersoniq Rjoh, I will have to agree to disagree on this for sure.....Each game type have something in common. It a game of numbers with odds, you can win at each and be profitable. They all have advantages and disadvantages. It only about perspective that gives your potential for success in either game. 38 years is a long time to wait for that one win that will put you over the top, when tomorrow is not promised to any of us. You got to play the odds to be successful in any game, you will ne... [ More ]

Reply #14

WSN1 — Sun, 18 Feb 2007 20:30:10 GMT

Funny!....I get excited when my remaining balance after I get cash out is still in the positive...lol

Reply #13

WSN1 — Sun, 18 Feb 2007 20:28:03 GMT

Justxploring, 3% was my actual vote, I will keep a mental record that one of those 1% votes was a vote for 3%. You have just joined the 3% club.

dK

Reply #12

RJOh — Sun, 18 Feb 2007 20:18:05 GMT

It's doubtful if any player comes out ahead in any lottery game unless he wins the jackpot and if he's playing the pick3 games then that is doubtful too. He might come out ahead winning second prize in the PowerBall or MegaMillions games but less than 1% of the players win those prizes.

Reply #11

hypersoniq — Sun, 18 Feb 2007 20:08:10 GMT

I have backtested enough pick3 and pick4 systems to know that NO system could show a profit for any length of time against PA's venerable collection of evening data. not even v-tracs.

I voted 0%

I prefer longshot games, if I ever match 4+1 on PB I get back over 2x what I spent on all lottery games my entire life up to this point (20 of my 38 years).

Reply #10

justxploring — Sun, 18 Feb 2007 19:15:33 GMT

Not really. I've gotten excited when my money shoots out of an ATM

Reply #9

Coin Toss — Sun, 18 Feb 2007 18:45:57 GMT

Thanks WSN1!

Justxploring

I also think many people (including me) will treat a winning ticket like coins in a slot machine. You know how people get excited when the quarters come flying out and they plug them back in, hoping to win more?

Doesn't it make you wonder when someone puts $1.25 in quarters or $5 in dollars in a video poker machine, gets a pair of jacks, and shouts, I won! I won! - as they get credited exactly what they just put in.

Reply #8

WSN1 — Sun, 18 Feb 2007 18:24:36 GMT

Coin Toss, you a have a great sense of humor

Reply #7

justxploring — Sun, 18 Feb 2007 13:58:17 GMT

I guessed 1% before I even read the other posts. I wanted to check 3% (trying to be a little more optimistic!) but I see lots of people sitting on the benches outside of the markets scratching their tickets, and then they scratch their heads in frustration. Rarely do I see someone walking away with a wad of cash, although I have seen winners at the counter. Last week a woman handed a lottery ticket to a clerk and got $75. That's happened to me too, but only 3 times in over 12 years! So when... [ More ]

Reply #6

kayee — Sun, 18 Feb 2007 05:29:50 GMT

lol

Reply #5

Coin Toss — Sun, 18 Feb 2007 04:52:00 GMT

WSN1

I don't doubt that and I'd go as far to say that when it comes to gamblers and gambling it's even more exaggerated.

In a casino, at a race track:

How you doing?

I'm just about even - translation, I'm down $50 to $250

and on it goes....

Reply #4

WSN1 — Sun, 18 Feb 2007 00:56:38 GMT

Now that's an interesting point, someone told of a study they did in college that states that typically a person will exaggerate success by 20-25

Reply #3

Coin Toss — Sun, 18 Feb 2007 00:28:18 GMT

My vote was 1%, which is a guess.

I don't know the exact number, but I will say that it's very likely that there are a lot less people that make a profit at loto than the number of people who claim to make a profit.

Reply #2

WSN1 — Sat, 17 Feb 2007 22:03:32 GMT

Hmmm, interesting. My hunch has always been 3-5%, I think some people dont like to broadcast it and some that do may down play it a bit either way, for a significant profit. However, a min to a max profit, it could be a little more, like 10-15%. Any other thoughts!

dK

Reply #1

JAP69 — Sat, 17 Feb 2007 21:26:31 GMT

01%

based on prediction page stats

% of Lottery Players That Make a Profit

WSN1 — Sat, 17 Feb 2007 21:15:33 GMT

What Percent of Lottery Players do you think makes a profit playing this game, be it online, offline or combination of both. Be it a casual or serious player. Whether is it a year end profit of $1, $1,000, $10,000, $100,000 or more each year, and what is your rationale for your decision?

dK