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IMPORTANT im dumb please help. :)

Topic closed. 3 replies. Last post 12 years ago by johnph77.

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Justin's avatar - hatchap
Stevens Point
United States
Member #6457
August 24, 2004
3030 Posts
Offline
Posted: February 1, 2005, 6:25 pm - IP Logged




FANTASY 5
Odds of Winning and Estimated Prize Payouts

Prize Level

Estimated Prize *

Odds of Winning

5-of-5

$100,000

1:376,992

4-of-5

$100

1:2,432.21

4-of-5
(if no top prize winner)

$850**

1:2,432.21

3-of-5

$10

1:81.07

2-of-5

Free Ticket

1:8.39

Overall Odds: 1:7.58

*The estimated prize payouts to each winner are based on averages of previous payouts. Actual prize amounts may vary depending upon sales and the number of winners in each prize category.

**The 4-of-5 prizes increase when there is no top prize winner.

 

 

Ok, just a couple questions.

First of all

When it says



4-of-5

$100

1:2,432.21



Does that mean if you know one number, then you only have about 2,433 plays to win the jackpot?

What is interesting is a number tends to repeat almost every draw, if this continued, one could wait until it had been about 4-5 draws and then play about 11,000 combos and gain $89,000. of course its very risky, but you get my point. is this correct?

I believe life is about finding someone you cant live without

And showing them how much you care every day of every month of every year

    johnph77's avatar - avatar
    CA
    United States
    Member #2987
    December 10, 2003
    832 Posts
    Offline
    Posted: February 2, 2005, 10:31 am - IP Logged



    The game you cite is a 5/36 lottery, similar to the game of the same name played in Florida. Information from my site - edited:

    09 Aug 03.


    5/36FormulaPossibilitiesOdds - 1::PayoutTotal PayoutPayout Pct
    5((5!/0!)/(5!))x((31!/31!)/(0!))1376,992.00100,000100,00030.80%
    4((5!/1!)/(4!))x((31!/30!)/(1!))1552,431.2110015,50013.86%
    3((5!/2!)/(3!))x((31!/29!)/(2!))4,65081.071046,50013.40%
    2((5!/3!)/(2!))x((31!/28!)/(3!))44,9508.39144,95011.92%
    1((5!/4!)/(1!))x((31!/27!)/(4!))157,3252.40000.00%
    0((5!/5!)/(0!))x((31!/26!)/(5!))169,9112.22000.00%
    Total Winners49,7567.58  206,95054.90%


     






    5/36FormulaPossibilitiesOdds - 1::PayoutTotal PayoutPayout Pct
    5((5!/0!)/(5!))x((31!/31!)/(0!))1376,992.00000.00%
    4((5!/1!)/(4!))x((31!/30!)/(1!))1552,431.21770119,35031.66%
    3((5!/2!)/(3!))x((31!/29!)/(2!))4,65081.071046,50013.40%
    2((5!/3!)/(2!))x((31!/28!)/(3!))44,9508.39144,95011.92%
    1((5!/4!)/(1!))x((31!/27!)/(4!))157,3252.40000.00%
    0((5!/5!)/(0!))x((31!/26!)/(5!))169,9112.22000.00%
    Total Winners49,7557.58  210,80055.92%



    When possibilities are shown it's a different ball game. In every draw there are 155 different ways of hitting 4 of 5 - your ticket will have 4 of 5 drawn numbers (5 different possibilities) and any one of 31 incorrect numbers (31 possibilities). Hence, 155 possibilities of hitting 4 of 5 - and nothing else. Hope this helps.

    gl

    j

    Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

    Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

     =^.^=

      Todd's avatar - Cylon 2.gif
      Chief Bottle Washer
      New Jersey
      United States
      Member #1
      May 31, 2000
      23352 Posts
      Offline
      Posted: February 2, 2005, 11:03 am - IP Logged

      Justin:  The 1 in 2,432 are the odds of winning that particular prize.  Think of it as a measure of how difficult it is to win.  The "1" does not have anything to do with the numbers that you match, it is merely the manner in which the odds of winning that particular prize are expressed.  It's like flipping a coin:  there are two possible outcomes (heads or tails), so each time you flip the coin, your odds are 1 in 2 of getting heads.  The "1" in that equation does not have anything to do with matching a head or tail, it is just the numerator in the mathematical equation, which expresses the odds in mathematical terms.

      johnph77: Interesting that your odds calculation for the 4/5 prize is exactly one off from Justin's Fantasy 5 table.  Is that a typo?

       

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        johnph77's avatar - avatar
        CA
        United States
        Member #2987
        December 10, 2003
        832 Posts
        Offline
        Posted: February 2, 2005, 12:05 pm - IP Logged

        Todd -

        Yep - sure is. TY for pointing this out - I will correct.

        gl

        j

        Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

        Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

         =^.^=