The payout on matching 4/5 on michigans Fantasy 5 is too LOW!

Reply #8

Bradly_60 — Mon, 18 Aug 2008 03:59:30 GMT

I actually thought of this as well. Most of the prizes are 10% of the odds. Odds of $1 are about 1 in 10. Odds of $10 are about 1 in 100. The 4 of 5 numbers prize should be around $300 because the odds I believe are 1 in 3300. I don't know why it is so low for.

Brad

Reply #7

ThatScaryChick — Sun, 10 Aug 2008 04:13:23 GMT

I aree it should be a bit higher. I think they should at least payout between $250 to $500.

Reply #6

Stack47 — Sat, 09 Aug 2008 15:37:19 GMT

The payoff percentage in Ohio is about 10% of the odds on all three lower tier prizes. I agree winning $100 for matching 4 of 5 is terrible, but people play because of the large jackpots and smaller second tier prizes help to create larger jackpots. On average, the Michigan jackpots are about 25% higher than in Ohio and not very many jackpot winners will care about the second prize being much lower.

By the way RJ, nice chart and excellent analysis.

Reply #5

RJOh — Sat, 09 Aug 2008 00:22:06 GMT

MI OH

Match 5 JACKPOT JACKPOT

Match 4 $100 $300

Match 3 $10 $10

Match 2 $1 $1

MATCH ODDS WINNING COMBOS EXPECTED PAYOUTS/JACKPOT

5/5 1 : 575757 1

4/5 1 : 3387 170 (MI)$1700 (OH)$51000

3/5 1 : 103 5610 $56100

2/5 1 : 10 59840 $59840

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Both the pick5 games in Michigan and Ohio are 5/39 games. For every $575,757 worth of ticket sold Michigan expects to payout $117,640 and Ohio expect to payout $166,940 in lower tier... [ More ]

Reply #4

JAP69 — Fri, 08 Aug 2008 23:09:34 GMT

Lower tier prizes in jackpot games have always been horrible.

That is why I like the new quinto game that is coming to Pa. $50,000 with many other play options.

Reply #3

JonnyBgood07 — Fri, 08 Aug 2008 23:08:59 GMT

I agree...a thousand seems fair.In CT you only get $300.There's waaaay too much of a gap between that and100,000

Reply #2

Littleoldlady — Fri, 08 Aug 2008 23:04:35 GMT

I think it should be at least 1,000.00

Reply #1

Todd — Fri, 08 Aug 2008 12:58:24 GMT

The payout on matching 4/5 on michigans Fantasy 5 is too LOW!

Steven948 — Fri, 08 Aug 2008 06:53:46 GMT

I mean you match 4 OUT OF 5 NUMBERS just to win 100 bucks(not even enough for gas for a week), when just one more number you wouldve hit at least for a 100 grand.

how many agree with me? it should be 500 bucks at least.