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maximun capacity of players....

Topic closed. 6 replies. Last post 11 years ago by LANTERN.

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Honduras
Member #20982
August 29, 2005
4715 Posts
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Posted: April 11, 2006, 7:04 pm - IP Logged

guys i feel that pick3 and pick4 lottery games can be compared to a ship...Just the same way a ship has a "maximun capacity of Passengers" it can hold so is the pick3 and pick4 games...Sort of speak: "there is a limit to the amount of players these games can hold/withstand/carry" before the lottery corporation starts loosing money and have to end up increase the numbers of the game...

what you all think...

 michael brown

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
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    Posted: April 11, 2006, 7:29 pm - IP Logged

    Most State lottery games only use 50% of sales to payout prizes by design so no matter the numbers of players, 50¢ of every dollar spent is profit for the states.

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

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      Honduras
      Member #20982
      August 29, 2005
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      Posted: April 11, 2006, 11:33 pm - IP Logged

      RJOh is what you are saying is true then that implies that the state purposely alters the results, even though is not true...running a lottery is like running a bussines...so tell me something then RJOh why the corporation increases a number in a game, like mega millions/powerball (not sure which one is it)...I heard that they added like 3 numbers more or something...I will really appreciate your response..and thanks..gracias..

       

      michael

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
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        March 24, 2001
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        Posted: April 12, 2006, 12:17 am - IP Logged

        50% of sales going to the States is no big secret, it written in their laws and clearly stated on most of their websites.  On most of the states websites for PowerBall and MegaMillions it's stated that 32% of local sales goes to the jackpot pool, 18% goes to pay off the local winners of 5+0 and less and the rest goes to the states.  This formula didn't change when the matrix of both games changed.  The matrix was changed to increase the odds of the jackpots getting bigger before being hit.  A larger jackpot attract more players, making the states 50% share of sales even larger.

        States don't have to alter the lottery results to make money.  The odds of winning a prize and their amount are know before the drawings.  Odds of 1:50 that a $1 ticket will win at least $2 is not going to break the bank.

        Games like pick3 and pick4 have fixed payout amounts, so the payout per 1000 tickets sold should be same whether 1000 or 100000 tickets are sold. 

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

          BobP's avatar - bobp avatar.png
          Dump Water Florida
          United States
          Member #380
          June 5, 2002
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          Posted: April 12, 2006, 1:03 am - IP Logged

          States with a flat payout for Pick-3/4 will suspend sales on numbers that are over subscribed. 

          States with a pari-mutuel payout don't have that problem.  BobP

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            Morrison, IL
            United States
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            May 13, 2004
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            Posted: April 12, 2006, 1:35 am - IP Logged

            50% of sales going to the States is no big secret, it written in their laws and clearly stated on most of their websites.  On most of the states websites for PowerBall and MegaMillions it's stated that 32% of local sales goes to the jackpot pool, 18% goes to pay off the local winners of 5+0 and less and the rest goes to the states.  This formula didn't change when the matrix of both games changed.  The matrix was changed to increase the odds of the jackpots getting bigger before being hit.  A larger jackpot attract more players, making the states 50% share of sales even larger.

            States don't have to alter the lottery results to make money.  The odds of winning a prize and their amount are know before the drawings.  Odds of 1:50 that a $1 ticket will win at least $2 is not going to break the bank.

            Games like pick3 and pick4 have fixed payout amounts, so the payout per 1000 tickets sold should be same whether 1000 or 100000 tickets are sold. 

            Actually, for Powerball, 30.28855% of sales goes to the jackpot, so 19.71145% goes toward the set prizes; for Mega Millions, 31.8% of sales goes to the jackpot, so 18.2% goes toward the set prizes.

              LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
              Tx
              United States
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              May 4, 2004
              5180 Posts
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              Posted: April 12, 2006, 3:39 am - IP Logged

              guys i feel that pick3 and pick4 lottery games can be compared to a ship...Just the same way a ship has a "maximun capacity of Passengers" it can hold so is the pick3 and pick4 games...Sort of speak: "there is a limit to the amount of players these games can hold/withstand/carry" before the lottery corporation starts loosing money and have to end up increase the numbers of the game...

              what you all think...

               michael brown

              Michael

              Your assumption is wrong, you know even less about the daily games than I was giving you credit for.

              In truth, it is exactly the inverse of what you said.

              The more people who play those games, the better that it is for the state lotteries, the more money that they will make, as they well know for a fact.

              Beware! Don't mess with a good thing for the state lotteries or it might turn sour on them.