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# Pick5 Payouts

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

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Honduras
Member #20982
August 29, 2005
4715 Posts
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 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

CA
United States
Member #2987
December 10, 2003
832 Posts
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 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 5 Hit Possibilities Odds - 1:: Bet Prize Total Percentage 31 5 1 169911.00 1 0 0 0.00 4 130 1307.01 75 9750 5.74 3 3250 52.28 15 48750 28.69 2 26000 6.54 5 130000 76.51 1 74750 2.27 1 74750 43.99 0 65780 2.58 0 0 0.00 104131 1.63 263250 154.93 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+1 Hit Possibilities Odds - 1:: Bet Prize Total Percentage 35 4+1 1 1570800.00 1 0 0 0.00 30 4 29 54165.52 0 0 0.00 3+1 124 12667.74 0 0 0.00 3 3596 436.82 0 0 0.00 2+1 2790 563.01 0 0 0.00 2 80910 19.41 0 0 0.00 1+1 17980 87.36 0 0 0.00 1 521420 3.01 0 0 0.00 0+1 31465 49.92 0 0 0.00 0 912485 1.72 0 0 0.00 1570800 1.00 0 0.00 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.

=^.^=

Zeta Reticuli Star System
United States
Member #30470
January 17, 2006
10348 Posts
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 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.

United States
Member #27050
November 26, 2005
40272 Posts
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 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
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 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.

Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
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 Posted: April 13, 2006, 6:28 pm - IP Logged

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

Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
23260 Posts
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 Posted: April 13, 2006, 9:02 pm - IP Logged

<Moved to Pick 5 forum>

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.

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

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