New Lottery

Reply #29

johnb73 — Mon, 15 Nov 2010 19:37:08 GMT

I'm talking about a format where you buy a ballot, not a numbered ticket. All the ballot buyers are assigned a number and the winners are picked from the pool of people who purchased. So you're odds are determined by the number of ballots sold. Think of it like a massive 50/50 draw only the prize would be more like 80 or 90% not 50.

Reply #28

Coin Toss — Fri, 12 Nov 2010 23:56:13 GMT

johnb73,

You're right about playing to win a jackpot and I like the idea you present, but given the current format with one set of winning numbers, how would the top prize be cut in half and the other half be divvied out 20 ways

Reply #27

rdgrnr — Fri, 12 Nov 2010 20:09:59 GMT

I like that idea.

Reply #26

johnb73 — Fri, 12 Nov 2010 15:13:30 GMT

Myself, I don't play the large jackpot lotteries to win a hundred bucks and I don't think anyone else does either. If the ticket sales were large enough they could easily give several million dollar secondary prizes. That would greatly increase your odds of winning a significant prize. If you had a jackpot worth $200 million, why not reduce the jackpot to $100 million, and have 20, $5million secondary prizes.

Reply #25

Winged-Dove — Fri, 12 Nov 2010 01:45:37 GMT

I am sure that there probably is something that could go wrong....

Reply #24

GASMETERGUY — Fri, 12 Nov 2010 01:26:22 GMT

Or we could hold a Price Is Right lottery. Whoever has the closest numbers to the actual numbers drawn without going over, wins the jackpot.

Or wins the chance to pick Door #1? Door #2? Or Door #3 . The money would be behind whichever door was not picked by the winner . Just like they do on television.

What could go wrong

Reply #23

Stack47 — Thu, 11 Nov 2010 21:56:46 GMT

I'm not concerned about lottery profits just know from experience, they won't lower the odds unless it's for a free ticket. The odds against winning MM and PB are exactly the same in every drawings, but the players can get better payoff odds on the same buck by waiting until the jackpot gets higher. $140 million for $1 is better than $12 million for $1 if that's their reason for playing.

For secondary prizes with fixed payoffs nothing changes, but players can get better payoff odds by playing... [ More ]

Reply #22

Jack-C — Thu, 11 Nov 2010 16:56:32 GMT

A number of states do that from time to time.

Reply #21

johnb73 — Thu, 11 Nov 2010 16:53:38 GMT

I'm not really worried about the state maintaining their margin. However, if you sold tickets around the world (internet) your could raise the stakes for everyone and still give better odds. I'm surprised you're concerned about the states take and not about your's.

Reply #20

Stack47 — Thu, 11 Nov 2010 16:44:19 GMT

State lotteries are looking for ways to increase their sales to get get more profits for their state because they already get around a 50% return on most of their games. While larger jackpots in games like PB and MM help states get larger sales, I don't see how offering better odds would help them maintain their profit margin unless the spike in sales was extraordinarily higher.

Reply #19

johnb73 — Thu, 11 Nov 2010 15:08:50 GMT

What if we opened up the lottery to the world! With the power of the internet it would be easy. Massive jackpots, more large prizes per draw, way better odds.

Reply #18

rdgrnr — Thu, 11 Nov 2010 09:11:11 GMT

I think you would have a lot of options and maybe that's the way a national lottery could go.

Different ticket prices for different prize levels and so forth.

And have the vig go to pay down the national debt.

Reply #17

johnb73 — Wed, 10 Nov 2010 23:16:34 GMT

How much are the tickets

Reply #16

johnb73 — Wed, 10 Nov 2010 23:15:11 GMT

The administrator is the government, not one person who works for them. The government is always the biggest beneficiary of the lottery. They supposedly use the money to fund education, healthcare and other government programs.

It seems like we're getting a little off topic, I was just simply asking if there would be any interest in a lottery with better odds for large jackpots. Some of the largest jackpots in the world like Powerball and Euro Millions have astronomical odds of winning.... [ More ]

Reply #15

RJOh — Wed, 10 Nov 2010 23:07:30 GMT

That sounds a lot like Ohio's New Year Raffle. They are selling 500,000 tickets starting with number 000001 and ending with 500000 and on New Year Day 2011, they will pull numbers, not names, and award prizes to the holders of tickets with those numbers. Top prize is $1,000,000.

Reply #14

rdgrnr — Wed, 10 Nov 2010 23:07:27 GMT

I like the concept.

Reply #13

Raven62 — Wed, 10 Nov 2010 21:50:14 GMT

It's the one that's going to Win You all that Money

Reply #12

joker17 — Wed, 10 Nov 2010 21:40:10 GMT

What chart is this one

Reply #11

Raven62 — Wed, 10 Nov 2010 21:30:55 GMT

A phantasm of phantom phantasmagoria for sure...

Reply #10

joker17 — Wed, 10 Nov 2010 21:29:51 GMT

Just because the administratore works for the government doesn't justify him making 25 million or more every week. That's simply too much for such a job. They should pay him something like 50,000 a year, not 25 million a week. That's just rediculous.

Maybe this whole idea of the NEW LOTTERY isn't such a good idea afterall.

Reply #9

johnb73 — Wed, 10 Nov 2010 21:21:40 GMT

The lottery administrator is usually the government and they usually take 50% not 25%! Or if no one wins, closer to 75%! I think this game would appeal to the Powerball players or Mega Millions players, correct me if I'm wrong. And just think, if enough people played, we could make a billionaire over night

Reply #8

Raven62 — Wed, 10 Nov 2010 21:13:00 GMT

Reply #7

joker17 — Wed, 10 Nov 2010 21:05:08 GMT

OK, I got it now.

Yeah, Id go for it. Still, 400,000 is a lot of possibilities to beat. That's like trying to beat the p-3 straight, but 400 times harder. I have a hrad time already with only a 1000 to 1, imagine 400,000 to 1....lol That's why I don't playing the big games, except for once in a blue moon, I'll get a ticket or two. If i can try to beat the p-3 or p-4 on a regular basis, then I can make a comfortable living. I think that is a more reasonable approach and a more realistic goal f... [ More ]

Reply #6

Hermanus104 — Wed, 10 Nov 2010 20:54:13 GMT

This sounds similar to many state raffles, except they have more than one top prize winner.

Reply #5

johnb73 — Wed, 10 Nov 2010 20:47:49 GMT

Yes, they would ramdomly pick your name or they could assign a number to your name. Say 10 million people buy a ticket worth $10. Thats $100 million dollars. The lottery administrator would keep $25 million, have a grand prize of $50 million and 25 secodary prizes of a $1 million each. Your odds of winning at least $1 million would be 26 out of 10,000,000 or 1 in 384,615. Our odds now in the traditional game of 6/49 are 1 in 13,900,000! I like 1 in just under 400 thousand better than 1 in just u... [ More ]

Reply #4

joker17 — Wed, 10 Nov 2010 20:37:15 GMT

You mean they would pick a player instead of drawing numbers? How would they do that? They'd have to randomly pick the serial numbers on the back of your ticket? I don't understand. Or is it that you give them your name and they randomly pick a name?

I don't get it....lol

Reply #3

johnb73 — Wed, 10 Nov 2010 20:30:34 GMT

In most traditional lotteries you try and match radomly drawn numbers. If they picked from the pool of players that purchased, there would never be a carry over, someone would win every draw.

Reply #2

emerald64 — Wed, 10 Nov 2010 20:29:40 GMT

huh ? lol

Reply #1

joker17 — Wed, 10 Nov 2010 20:26:07 GMT

I thought all Lotteries picked it's winners out of a pool of players that purchased a ticket.

New Lottery

johnb73 — Wed, 10 Nov 2010 20:23:15 GMT

How about a lottery that picked its winner out of the pool of players who actually purchased a ticket. Kind of like a super 50/50 draw. Any interest