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Need help figuring this one out

Topic closed. 3 replies. Last post 12 years ago by ayenowitall.

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fast eddie's avatar - lasvegas2
Chicago,IL.
United States
Member #2902
November 29, 2003
1437 Posts
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Posted: December 8, 2004, 8:49 pm - IP Logged

Can someone please answer this question for me. Thanks in advance.

I want to play one pick four number to win $5,000 and was wondering which idea was mathematically better or are they the same?

playing all 676 drawings for the year $1.00 st. which if I hit will pay $5,000

or only playing 28 drawings randomly throughout the year and twenty-four way combo them (cost $24.00 per drawing) which allows you to match your number in any order which also pays $5,000

Which of the two is the better play? Also can you please break it down for me. 

Thanks. fast eddie

 

"Money won is twice as sweet as money earned"

    NBey6's avatar - xmas money.jpg
    $$ Moneymaker $$

    United States
    Member #4290
    April 9, 2004
    16855 Posts
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    Posted: December 8, 2004, 9:05 pm - IP Logged

    I'm no math genius, fast eddie, but if you combo the number and it comes out throughout the amount of drawings you decide to play, you may get multiple hits for the life of your drawings, versus playing straight for $1.00 and getting nothing if the combo comes in, just in a different order than you have it.

    Good Luck and congrats on your prediction board hits!!!!

    "I Am Realistic. I Expect Miracles."  - Dr. Wayne Dyer -

    1:56, 4:05, 6:18, 8:35

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      four4me's avatar - gate1
      MD
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      June 18, 2003
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      Posted: December 8, 2004, 9:23 pm - IP Logged

      if your going to spend 24 dollars why not play 12 numbers 1 dollars straight and 1 dollar boxed. or 24 numbers 50/50

        ayenowitall's avatar - rod serling4.jpg

        United States
        Member #4416
        April 22, 2004
        1075 Posts
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        Posted: December 12, 2004, 5:16 am - IP Logged

        eddie,

        28 x $24 = $672. It would be $4 cheaper to do the twenty-four way combos. You'd also have greater number exposure in each drawing, but you'd only have twenty-eight drawings going for you. That also happens to work out to 672 chances over the span of your drawings, which is four less chances than 676 $1 straight plays. The difference boils down to $4 and the luck of the draw. There's no real advantage of one over the other unless you can analyze the draw history and find some statistical anomaly to exploit.

        Good luck,

        aye'