Welcome Guest
Log In | Register )
You last visited December 4, 2016, 11:27 pm
All times shown are
Eastern Time (GMT-5:00)

Pick5 Payouts

Topic closed. 7 replies. Last post 11 years ago by RJOh.

Page 1 of 1
PrintE-mailLink
Avatar

Honduras
Member #20982
August 29, 2005
4715 Posts
Offline
Posted: April 13, 2006, 6:38 am - IP Logged

guys was wandering if you all could tell me your ideas about payouts.

number1. What do you think would be the best payout in any pick5 (only in pick5) provided it selects 5 numbers that go from 1 to 35.

number 2. What you think is the best payout "SHARE" in percentage.

number3. What if the game pick 4 numbers from 1 to 35 and a bonus ball from 1 to 30. In this case what payout will be the best payout.

Here i have the payout of the Pick5 "Badger 5" game in Wisconsin. It selects 5 numbers from 1 to 31. Is as follow:

5 of 5 : Jackpot

4 of 5: $ 50

3 of 5: $ 2

2 of 5: $ 1

if it was me i would make the game the following:

5 of 5: Jackpot

4 of 5: $ 75 or 100

3 of 5: $ 15

2 of 5: $ 5

1 of 5: $ 1

I appreciate your opinions/ideas.

 

michael

    johnph77's avatar - avatar
    CA
    United States
    Member #2987
    December 10, 2003
    832 Posts
    Offline
    Posted: April 13, 2006, 7:33 am - IP Logged

    Lotteries are not in the business of giving money away. Instead, they'e more of a voluntary tax, so to speak.

    I did a quick workup of a 5/31 game with the payouts you suggested and came up with this:

     

    Draw 5HitPossibilitiesOdds - 1::BetPrizeTotalPercentage
    3151169911.001000.00
     41301307.01 7597505.74
     3325052.28 154875028.69
     2260006.54 513000076.51
     1747502.27 17475043.99
     0657802.58 000.00
      1041311.63  263250154.93
      169911     

    Note that, even without the jackpot, the payout percentage is 154.93%. Any lottery awarding these payouts would be operating at a loss.

    Here's a workup on the 4/35+1/30, without payouts:

     

    2 Fields - Draw 4+1HitPossibilitiesOdds - 1::BetPrizeTotalPercentage
    354+111570800.001000.00
    3042954165.52 000.00
     3+112412667.74 000.00
     33596436.82 000.00
     2+12790563.01 000.00
     28091019.41 000.00
     1+11798087.36 000.00
     15214203.01 000.00
     0+13146549.92 000.00
     09124851.72 000.00
      15708001.00  00.00
      1570800     

    1,570,800 total possibilities.

    gl

    j

    Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

    Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

     =^.^=

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30470
      January 17, 2006
      10348 Posts
      Offline
      Posted: April 13, 2006, 5:23 pm - IP Logged

      The Illinois Little Lotto ( 5 / 39) is a jackpot that starts at $100,000 and grows until hit, the lower prizes are

       4 of 5  $100

       3 of 5    $10

       2 of 5    $1

      So on other words, if you're watching the drawing and you don't have a number it goes

      hoping for the jjackpot, hoping for $100, hoping for $10, maybe $1, darn!

       
      It used to be a top prize of a constant $200,000 ( 5 / 30) and the lower prizes were an aggregate payout depending on if the jackpot got hit or not.

      The old game was much better.  

       

       

        calabs's avatar - bass fret.jpg

        United States
        Member #27050
        November 26, 2005
        40272 Posts
        Offline
        Posted: April 13, 2006, 5:29 pm - IP Logged

        NJ Cash 5 has 40 balls.  Their payout varies:

        Jackpot starts at $50K and keeps rising until someone hits

        4 of 5 payout varies, but ranges between ~$350 to over $600

        3 of 5 payout varies, but averages $10-12

        There is no compensation for 2 of 5


          United States
          Member #379
          June 5, 2002
          11296 Posts
          Offline
          Posted: April 13, 2006, 6:15 pm - IP Logged

          $50 for 4/5 and $2 for 3/5 seem very small for a Pick 5 game. But the two-number prize in the 5/31 seems to make up for it.

            LOTTOMIKE's avatar - cash money.jpg
            Tennessee
            United States
            Member #7853
            October 15, 2004
            11338 Posts
            Offline
            Posted: April 13, 2006, 6:28 pm - IP Logged

            tennessee starts out at a pathetic 40,000 dollar pot.....

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
              United States
              Member #1
              May 31, 2000
              23260 Posts
              Offline
              Posted: April 13, 2006, 9:02 pm - IP Logged

              <Moved to Pick 5 forum>

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19823 Posts
                Online
                Posted: April 16, 2006, 9:58 pm - IP Logged

                johph77 writes:
                "Lotteries are not in the business of giving money away. Instead, they'e more of a voluntary tax, so to speak."

                As they said at the Ohio lottery, for a dollar you'll have lots of fun.Wink
                 

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