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Figuring the Odds

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Decatur, GA
United States
Member #16487
May 31, 2005
1 Posts
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Posted: May 31, 2005, 3:58 pm - IP Logged

Greetings all!

I'm trying to figure out how to determine which Instant Games (in Georgia) are the best deal. I see where the Georgia Lottery says that, for example, Fast 50 has "Overall Odds of winning" of 4.8. It has a game price of $1, a top prize of $500, and that 104 of 171 of the $500 prizes have been claimed. "#1 DAD" has overall odds of 3.92, with a top prize of $35,000, and 2 of 4 of these prizes have been claimed.

It seems on its face that #1 dad is the better value. But I wonder what "gotchas" I'm missing.

How do you begin to calculate which of the many games are better, and which are for suckers (yes, I know--they're ALL for suckers!)?