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CDN Lotto 649 Sets A New Record

Topic closed. 9 replies. Last post 11 years ago by Jake649.

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Canada
Member #2673
November 2, 2003
497 Posts
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Posted: October 22, 2005, 5:41 pm - IP Logged

The Canadian Lotto 649 set a new record for the Oct 22 draw. The $30 million bonus jackpot is the largest ever.

The previous record was $29,140,524 set on Aug 7, 2004. Interesting to note that the previous record was set after the current cap rule was invoked. When the jackpot reaches $25 million, then a larger percentage of the money goes towards lower tier prizes and away from the jackpot. On the Aug 7, 2005 draw a match 4 paid $217. A match 4 normally pays $70 on average. A match 5 paid $6,628 whereas the average payout is $2,026. The match 5+ paid $626,169 whereas the average payout is $151,549.

I do not believe the cap rule is used for bonus draws. Therefore the lower tier prizes will not pay out extra for the Oct 22 bonus draw.

Good luck,
Jake


    United States
    Member #16612
    June 2, 2005
    3493 Posts
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    Posted: October 22, 2005, 6:27 pm - IP Logged

    Wow, I hope someone does win in Canada 6/49 tonight. How come payouts are bigger for lower tier prizes without bonus when it reaches 25 million? How come Canada's lotto must have a cap?

      bellyache's avatar - 64x64a9wg

      United States
      Member #12618
      March 18, 2005
      2060 Posts
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      Posted: October 22, 2005, 6:39 pm - IP Logged

      As I said in another thread about this, if I was closer to the border I would buy a couple of tickets. =)

      Dance like no one is watching.

        dvdiva's avatar - 8ball

        United States
        Member #2338
        September 17, 2003
        2063 Posts
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        Posted: October 22, 2005, 11:48 pm - IP Logged

        They have a 30 million cap rule. Glad to see stupidity isn't limited just to MUSL. On a plus side the Canadians are smart enough to give their prizes in tax-free cash. Smarter than the US in that regard.

          Jake649's avatar - scene sunovermountains.jpg

          Canada
          Member #2673
          November 2, 2003
          497 Posts
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          Posted: October 24, 2005, 6:19 am - IP Logged

          The CDN Lotto 649 has surpassed their previous jackpot record and has set all-time record for any Canadian lottery at $40 million. The previous record was $37.8 million for Super 7 on May 17, 2002.

          Since the jackpot level is now supported by sales and no longer considered a bonus, I will check with lottery officials to see if the $25 million cap rule applies.

          Good luck,
          Jake

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            Canada
            Member #3630
            February 7, 2004
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            Posted: October 24, 2005, 5:56 pm - IP Logged

            Jake649, do you have a lottery pool set up? I have started a $140 pool with a few friends, but I am thinking of merging with other pools or helping organize a bigger online pool.

              Jake649's avatar - scene sunovermountains.jpg

              Canada
              Member #2673
              November 2, 2003
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              Posted: October 24, 2005, 5:59 pm - IP Logged

              I found out that the cap rule does not apply to this $40 million jackpot. Therefore the lower tier prizes will be of average size.

              I also found out that the $40 million jackpot is not a bonus jackpot and therefore not guaranteed to be $40 million. The jackpot level will end up being whatever sales supports. But based upon sales for the previous draw, I estimate that the $40 million level will be exceeded by 2 to 3 million.

               

              Good luck,
              Jake

                Jake649's avatar - scene sunovermountains.jpg

                Canada
                Member #2673
                November 2, 2003
                497 Posts
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                Posted: October 24, 2005, 6:01 pm - IP Logged

                Jake649, do you have a lottery pool set up? I have started a $140 pool with a few friends, but I am thinking of merging with other pools or helping organize a bigger online pool.

                I am in on a couple of pools. By Wednesday, the total ticket value of our pools will be well over $1,000.

                I would be interested in joining one or more of your pools.

                Good luck,
                Jake

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                  Canada
                  Member #3630
                  February 7, 2004
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                  Posted: October 26, 2005, 5:58 am - IP Logged

                  It's probably too late to join existing pools for tonight's $40 million draw, but there is still a 6% chance that the jackpot will roll over again for Saturday. In that event, how do we go about settting up a pool? My idea is that if we get enough players, then we can buy a bunch of 8-number combination plays. For example, if we get 40 members willing to spend C$42 each through Paypal, then we can buy 10 8-number combinations, covering 840 possibilities. The tickets can be scanned and emailed to each member.

                  Probability of no jackpot winner assuming 40 million tickets sold =
                  P(0) = 5.7%
                  P(1) = 16.4%
                  P(2) = 23.4%
                  P(3) = 22.3%
                  P(4) = 16.0%
                  P(5) = 9.1%
                  P(6) = 4.3%
                  P(7) = 1.8%
                  P(8+) = 1% = probability of 8 or more winning tickets splitting the jackpot.
                  Total = 100%

                    Jake649's avatar - scene sunovermountains.jpg

                    Canada
                    Member #2673
                    November 2, 2003
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                    Posted: October 27, 2005, 1:40 pm - IP Logged

                    The CDN Lotto 649 has set all-time record for any Canadian lottery at $54.3 million for the Oct 26, 2005 draw. There was one winning ticket. The previous record was $37.8 million for Super 7 on May 17, 2002.

                    Good luck,
                    Jake