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Powerball Matrix Change?

Topic closed. 17 replies. Last post 12 years ago by CASH Only.

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DoctorEw220's avatar - alien helmet.jpg
Yinzer Country, PA
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Posted: March 21, 2005, 3:49 pm - IP Logged

Read this.



Right Here!l

I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

    weshar75's avatar - Lottery-042.jpg
    Mcminnville, Oregon
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    Posted: March 21, 2005, 4:37 pm - IP Logged

    Since the year for powerball ends in june I bet in july they will increase the odds again or change something but not decrease the odds like the article said in the beginning.

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      New Mexico
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      Posted: March 21, 2005, 5:14 pm - IP Logged

      Nice article.... informative.

      Maybe the ticket for more sales is to increase the jackpot to 300 million, constant, but decrease the chances of anybody winning it to zero.  They lost 400 million in sales this year, the guy said.  Whereas, they're bound to have lost a little something in payouts, too.  They could win both ways by increasing the jackpots, but making sure nobody wins one.  In fact, they could afford to make the jackpots even larger.... maybe half a billion or so that way.

      Jack


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        Posted: March 21, 2005, 5:15 pm - IP Logged

        "Decrease" was referring to the probability of hitting.

        BTW, if MM becomes 5/56 + 1/46, the "ideal" PB matrices would be 5/57 + 1/41.

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          New Mexico
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          Posted: March 21, 2005, 5:22 pm - IP Logged

          BTW, if MM becomes 5/56 + 1/46, the "ideal" PB matrices would be 5/57 + 1/41.

          'Ideal' in what sense? 


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            Posted: March 21, 2005, 5:25 pm - IP Logged

            rip:

            The jackpot odds of the two games would be almost identical.

              dvdiva's avatar - 8ball

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              Posted: March 22, 2005, 5:25 am - IP Logged

              Ouch a 400 million dollar loss in sales thanks to how poorly the game has been going lately. Powerball also needs to dump the lame rules regarding record jackpots. It's not exactly something they have to worry about unless they change the game but having limits on how high a jackpot gets will only dampen sales once a new Megamillions cracks all the Powerball records.



              Sadly the story also quotes some lame professer saying basically with the current odds they should get larger prizes. Same poor math skills must have been working at both multi-state games. I hope that someone can realize the odds better be closer to 1:190 million if they want some jackpots that will drag every one out to take a shot at it.

                LOTTOMIKE's avatar - cash money.jpg
                Tennessee
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                Posted: March 22, 2005, 7:09 am - IP Logged

                its all chance anyway,if you buy the winning ticket its meant to be,the people it'll really be harder on are people picking their own numbers because they'll have a larger set of numbers against them..........


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                  Posted: March 22, 2005, 9:44 am - IP Logged

                  diva:

                  The two largest US lottery jackpots belong to Big Game before it became Mega Millions.

                    dvdiva's avatar - 8ball

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                    Posted: March 22, 2005, 8:04 pm - IP Logged

                    True Cash only but the big game had much fewer states and all were on the east coast. So fewer players to start and fewer players from neighboring states who could cross a state line to play.

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                      Morrison, IL
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                      Posted: March 22, 2005, 8:13 pm - IP Logged

                        Hard to believe those record jackpots were set back when the odds were only 76 million to one.

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                        New Mexico
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                        Posted: March 22, 2005, 8:20 pm - IP Logged

                        It's also hard to believe a person in a management position can talk about 400 mill in 'lost' sales, referring to a product as soft as a lottery ticket.  The assembly lines aren't working two shifts, instead of three turning out tickets.  The overhead's not a fixed one.  The product exists only in the minds of ticket buyers.  Wonder where an organization selling an imaginary product comes off talking about 'losses' in sales.

                        Evidently they had a lot of stray number combinations lying around drawing dust, old models, maybe, in inventory that nobody wanted.  Maybe they should have had a clearance sale on them, knocked prices down to half a buck on last year's numbers.

                        Jack

                          dvdiva's avatar - 8ball

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                          Posted: March 22, 2005, 8:27 pm - IP Logged

                          Yeah it is a product. People either buy tickets or they don't. States expecting a certain amount of money from the lottery have to make up the difference somewhere else (usually more tax) if sales fail to meet expectations.

                          That arguement would be like saying Microsoft or Adobe products should be less then 20$ because the price of pressing cd's is only pennies.

                          Lotteries have far more competition from online gaming and small casino's then in the past. It also doesn't help that people got jaded to jackpots as large as 100 to even 200 million.

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                            New Mexico
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                            Posted: March 22, 2005, 8:56 pm - IP Logged

                            That arguement would be like saying Microsoft or Adobe products should be less then 20$ because the price of pressing cd's is only pennies.
                            Lotteries have far more competition from online gaming and small casino's then in the past.

                            dvdiva:

                            I can't buy your comparison to microsoft.  An overpriced product is still a product.  It goes for what the traffic will bear.  If it doesn't sell at the price, someone will reduce a price and sell it as New and Used on Amazon, or on Ebay, or down at the corner discount store.

                            A lottery ticket, on the other hand, is a non-existent product with an extremely limited shelf-life.  If it doesn't sell for this draw it's vanished from non-existent into something even more final, whatever that might be.

                            Casinos are a better example, I suppose.  But it's the entertainment industry with a price that can be lowered if the folks flock to the one down the road with a $2 blackjack table and penny slot machines.

                            Probably PowerBall can increase the dickens out of sales on the current matrix with a bit of innovative thinking.  But they'd have to reduce the amount of profit they're pulling off the top and put it into larger jackpots in the beginning draws, increasing the sizes more quickly on the early end.  But they'd have to quit thinking inside a box, which they aren't likely to do.

                            When they were arguing about whether to have lotteries in my State, one of the legislators called it a 'voluntary tax on stupidity'.  In a lot of senses he was correct.  But the key word is voluntary.  They're going to have to make that imaginary product more appealing to the eye of the stupid, and that's going to be difficult, since as you've observed, the stupid aren't so enamored of billion dollar jackpot possibilities with the odds a buzzillion to one against them when gas is 8 dollars a gallon.

                            Jack

                              DoctorEw220's avatar - alien helmet.jpg
                              Yinzer Country, PA
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                              Posted: March 23, 2005, 1:05 am - IP Logged

                              she is also forgetting that for adobe and microsoft products, it takes a ton of programmers, such as my aunt angela- i get adobe software for only $50., to write millions, maybe even billions, of lines of code just to make the program function right, and if they mess up on one line of code, the software does not work right.    you also have dealer markup, unless you are an educator. printing CDs at such a small price is only a small fraction of what causes the software to be expensive.

                              I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.