Welcome Guest
Log In | Register )
You last visited December 3, 2016, 1:41 am
All times shown are
Eastern Time (GMT-5:00)

40% is not enough!

Topic closed. 55 replies. Last post 11 years ago by CASH Only.

Page 2 of 4
PrintE-mailLink

Would you stop playing if prizes reduced?

Yes [ 20 ]  [57.14%]
No [ 9 ]  [25.71%]
Can't guess [ 6 ]  [17.14%]
Total Valid Votes [ 35 ]  
Discarded Votes [ 3 ]  
emilyg's avatar - cat anm.gif

United States
Member #14
November 9, 2001
31337 Posts
Offline
Posted: June 4, 2005, 7:22 pm - IP Logged

if you're looking for the lottery to set you up for life - you're dreaming.  i would continue playing - it's fun and any extra money is just that.

love to nibble those micey feet.

 

                             

    Rick G's avatar - avatar 1766.jpg
    FEMA Region V Camp #21
    United States
    Member #520
    July 27, 2002
    5699 Posts
    Offline
    Posted: June 4, 2005, 8:33 pm - IP Logged

    Ha, I have to laugh at those who think that lower tier prizes on the jackpot games or scratch-off games are fairer payoff-to-odds than the pick 3 or pick 4.

    Good luck!!!  It might be a good idea to look at the odds on the back of the bet slip or scatch off ticket.

    Buying two tickets does not lower your odds by half.  It lowers your odds by one. Do the math.  The state would love you to think that the second ticket lowered your odds by half, but it hasn't.  It's only lowered your odds by total number of combinations minus the number of combinations you've played.

    This is a statistical fact.

    Posted 4/6:  IL Pick 3 midday and evening until they hit:  555, 347 (str8).


      dvdiva's avatar - 8ball

      United States
      Member #2338
      September 17, 2003
      2063 Posts
      Offline
      Posted: June 4, 2005, 9:19 pm - IP Logged

      If you really care than it would be cash at once and tax free. That's the only way you're getting your money's worth. Otherwise you only get 1/3 of the prize irrigardless of the payout percent.

        Avatar
        New Mexico
        United States
        Member #12305
        March 10, 2005
        2984 Posts
        Offline
        Posted: June 4, 2005, 11:18 pm - IP Logged

        Ha, I have to laugh at those who think that lower tier prizes on the jackpot games or scratch-off games are fairer payoff-to-odds than the pick 3 or pick 4.

        Good luck!!!  It might be a good idea to look at the odds on the back of the bet slip or scatch off ticket.

        Buying two tickets does not lower your odds by half.  It lowers your odds by one. Do the math.  The state would love you to think that the second ticket lowered your odds by half, but it hasn't.  It's only lowered your odds by total number of combinations minus the number of combinations you've played.

        This is a statistical fact.

        Rick:

        Yep, it is a fact.  And reducing the odds by half when those odds are a million to one wouldn't help an awfully lot in any case.  Still, I like the 5 plus ones.  Matter of personal tastes, thinks I.

        Jack

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19816 Posts
          Offline
          Posted: June 5, 2005, 12:14 am - IP Logged

          This question asks if you would stop playing your favorite lottery game if the payout was reduced from 50% (or more) to 40%. Remember NY Lotto has a payout of only 38%-40%.

          I think CASH Only was referring to the percent of tickets sales that goes toward prize money, not the amount of taxes that has to be paid on the prizes.  To me a jackpot of $20M is the same regardless of the number of tickets sold to create the jackpot. $50M or $75M in tickets sales makes no difference to me if I'm willing to buy a ticket.

          RJOh

           * you don't need to buy more tickets, just buy a winning ticket * 
             
                       Evil Looking       

            Avatar

            United States
            Member #1826
            July 11, 2003
            2645 Posts
            Offline
            Posted: June 5, 2005, 1:46 am - IP Logged

            And keep in mind that the lottery brass would probably want to increase the payouts. But the problem lies in NY State legistature. They won't let them increase the payouts. So if you want to complain, complain to your local state congressperson. And complain often.

            (insert signature here)


              United States
              Member #379
              June 5, 2002
              11296 Posts
              Offline
              Posted: June 16, 2005, 11:36 am - IP Logged

              I Agree!


                United States
                Member #379
                June 5, 2002
                11296 Posts
                Offline
                Posted: July 5, 2005, 9:53 am - IP Logged

                Another reason not to play NY Lotto: I have jury duty next week.

                  Maverick's avatar - yinyang
                  USA
                  United States
                  Member #8242
                  October 29, 2004
                  1133 Posts
                  Offline
                  Posted: July 5, 2005, 4:57 pm - IP Logged

                  This question asks if you would stop playing your favorite lottery game if the payout was reduced from 50% (or more) to 40%. Remember NY Lotto has a payout of only 38%-40%.

                  I'd still play I would just not play as often till the jackpots were at playable amounts. The lottery has the upper hand, if you want a chance at big bucks you have to play, people would play if the payout was 20%.

                  Unfortunately, that's very true. It all goes back to why. Because no where else can a person bet only $1 and have a chance at multi-millions.

                    Maverick's avatar - yinyang
                    USA
                    United States
                    Member #8242
                    October 29, 2004
                    1133 Posts
                    Offline
                    Posted: July 5, 2005, 5:00 pm - IP Logged

                    if you're looking for the lottery to set you up for life - you're dreaming.  i would continue playing - it's fun and any extra money is just that.

                    That's good to remember when we get lost in all this lottery mix.

                      Maverick's avatar - yinyang
                      USA
                      United States
                      Member #8242
                      October 29, 2004
                      1133 Posts
                      Offline
                      Posted: July 5, 2005, 5:01 pm - IP Logged

                      Ha, I have to laugh at those who think that lower tier prizes on the jackpot games or scratch-off games are fairer payoff-to-odds than the pick 3 or pick 4.

                      Good luck!!!  It might be a good idea to look at the odds on the back of the bet slip or scatch off ticket.

                      Buying two tickets does not lower your odds by half.  It lowers your odds by one. Do the math.  The state would love you to think that the second ticket lowered your odds by half, but it hasn't.  It's only lowered your odds by total number of combinations minus the number of combinations you've played.

                      This is a statistical fact.

                      I agree.

                        Maverick's avatar - yinyang
                        USA
                        United States
                        Member #8242
                        October 29, 2004
                        1133 Posts
                        Offline
                        Posted: July 5, 2005, 5:03 pm - IP Logged

                        Another reason not to play NY Lotto: I have jury duty next week.

                        Oh c'mon CO. At $42 million+, I know you're gonna play Lep

                          Avatar
                          New Mexico
                          United States
                          Member #12305
                          March 10, 2005
                          2984 Posts
                          Offline
                          Posted: July 5, 2005, 5:05 pm - IP Logged

                          That's good to remember when we get lost in all this lottery mix.

                           

                          That's a fact....

                          I don't know what the penalty is in NY for forgetting to appear for jury duty, but most places the law gets its feelings badly bruised when it happens....  tend to come down hard on that brand of forgetfulness.

                          Jack

                            dvdiva's avatar - 8ball

                            United States
                            Member #2338
                            September 17, 2003
                            2063 Posts
                            Offline
                            Posted: July 6, 2005, 1:53 am - IP Logged

                            Another reason not to play NY Lotto: I have jury duty next week.

                            Oh c'mon CO. At $42 million+, I know you're gonna play Lep

                            Only if they offer a cash prize for it.


                              United States
                              Member #379
                              June 5, 2002
                              11296 Posts
                              Offline
                              Posted: July 6, 2005, 11:18 am - IP Logged

                              I told you I'm not playing.