How to calculate odds

Reply #2

Spincognito — Mon, 19 Jan 2009 23:06:26 GMT

Totally excellent explanation!

My suggestion would be to play games that have been out for a while yet still have many of the jackpot tickets available. If a game that offers say 10 $1million dollar prizes has been out for 6 months and only two or three of those top prizes are gone, I am playing that game. Also, if a similar game has been out for nearly two years and has only one or two top prizes left, I surmise then that game must be nearing its end and those last jackpot tix are soon to be... [ More ]

Reply #1

TotallyDavis — Mon, 19 Jan 2009 21:59:44 GMT

You can't, unfortunately.

I live in SC and they are very open and honest about the odds for their scratch off games (though sometimes you won't believe it when you hit a losing streak! grrrrr.....).

However, though they post the total tickets in the run, the total prizes with the value of those prizes, and then even post the remaining top prizes for each ticket (and the dollar value of ALL prizes left), there's still no way to adjust the return/odds because we aren't given sales figures ab... [ More ]

How to calculate odds

Silkroad — Mon, 19 Jan 2009 21:20:32 GMT

My state posts odds online for new scratch-off games. But once the game has been sold for a while, I assume the odds have changed. Is that correct? So, for example, if there were 10 of the top prize available at the beginning, but 6 have been won, how do you calculate the odds for the remaining 4 top prizes? More important, how do you calculate the odds for all remaining prizes as a group? Thanks.