Multipliers : Are they a good deal?Prev Topic Next Topic

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Multipliers : Are they a good deal?

Yes

[ 9 ]

[ 64.3% ]

[ 3 ]

[ 21.4% ]

Can't say

[ 2 ]

[ 14.3% ]

Total valid votes

[ 14 ]

Discarded votes

[ 1 ]

JimmySand9

United States
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July 11, 2003
2,645 Posts
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Aug 29, 2006, 11:18 pm

I've done some research on the different multipliers available to players, and how much those tickets payout over time compared to those tickets that didn't "Power Up".

Powerball payout : 50%
Powerball with PowerPlay payout : 49.639375%

Mega Millions : 50%
Texas Mega Millions with Megaplier : 47.9047619%

Palmetto Cash 5 : 45.91347%
Palmetto Cash 5 with PowerUp : 63.13102125%

(insert signature here)
weshar75

Mcminnville, Oregon
United States
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December 13, 2003
6,173 Posts
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Aug 29, 2006, 11:29 pm

Powerplay for Powerball and Kicker for Oregon Megabucks are both good for the games. My reason for playing that option is that if I am going to spend more than $1 on a ticket then I should add the extra $1 to the first line I purchase. Their is only going to be one winning combination and you will not win the jackpot every time you play. So when you get a prize wouldn't you like to get the best prize available to you when you win.-weshar75
ryanm

Morrison, IL
United States
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May 13, 2004
1,885 Posts
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Aug 30, 2006, 7:58 am

I don't win often enough to justify the extra $1 for PowerPlay. Therefore, I play for all or nothing. Of course, if I hit the five white balls without the Powerball, and the PP multiplier came up 5, that would annoy me.
DoubleDown

Coastal Georgia
United States
Member #2,653
October 30, 2003
1,866 Posts
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Aug 30, 2006, 8:11 am

I always play it.. and enjoy the payouts..
DD
CASH Only

United States
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June 5, 2002
11,296 Posts
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Sep 21, 2006, 3:23 pm

Quote: Originally posted by JimmySand9 on Aug 29, 2006
I've done some research on the different multipliers available to players, and how much those tickets payout over time compared to those tickets that didn't "Power Up".

Powerball payout : 50%
Powerball with PowerPlay payout : 49.639375%

Mega Millions : 50%
Texas Mega Millions with Megaplier : 47.9047619%

Palmetto Cash 5 : 45.91347%
Palmetto Cash 5 with PowerUp : 63.13102125%

Since you would be playing $2 for one set of numbers, the payout with the multiplier should always be higher than if you don't power-up. I've said that all lottery bets should have a payout of at least 50%.
guesser

United States
Member #41,382
June 16, 2006
1,969 Posts
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Sep 21, 2006, 3:40 pm

https://www.lotterypost.com/thread/140173

Already discussed
JimmySand9

United States
Member #1,826
July 11, 2003
2,645 Posts
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Sep 21, 2006, 4:38 pm

Quote: Originally posted by guesser on Sep 21, 2006
https://www.lotterypost.com/thread/140173

Already discussed

Did you discuss the overall payout too? This poll is to gauge peoples opinion after seeing the payout information.

(insert signature here)
guesser

United States
Member #41,382
June 16, 2006
1,969 Posts
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Sep 21, 2006, 5:02 pm

Well, as you already know, since I am sure you looked, no. In all fairness, we only discussed Powerball.

The consensus was close, the arguments were you have a better chance at winning outright if you pick more games, so folks played more games. The other side of the argument was if you get 3x5, that paid $7, multiplied is $14, $21, $28 or $35.

I'm going to apologize, Jimmy, your question was 'are they a good deal ?'
That answer is yes.
My question on the other thread was 'Do you spend the extra money and always choose the Powerplay option on all of your games ?'
dvdiva

United States
Member #2,338
September 17, 2003
2,063 Posts
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Sep 21, 2006, 10:27 pm

When I play Powerball and MM I cover all possible mega/power balls but without Powerplay. Considering the cost and the long odds of winning I'd rather get another set of numbers than a multiplier.
If you play covering all Powerballs and Powerplay the odds of the state actually coughing up 41 million extra in cash would be very low.
Just6ntlc

United States
Member #16,611
June 2, 2005
3,493 Posts
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Sep 21, 2006, 10:30 pm

JimmySand9, my vote is yes because it's great if people purchase an extra $1 to win more money.
JAP69

South Carolina
United States
Member #6
November 4, 2001
8,965 Posts
Online

Sep 21, 2006, 10:44 pm

I think multipliers are good if when you hit the prize level goes up.
But in my personal case if I wanted to split my jackpot win with other family members say a 3 way split I would purchase 3 exact sets of numbers ther by having 3 separate tickets.
Heres your ticket. cash it in.
Heres your ticket. Cash it in.
Heres my ticket to cash in.
No problems creating this or that or do we take annuity or cash.
Each of us can decide for ourself on what we want to do.
And also if there were other tickets having the jackpot my 3 tickets will pull in more money on my side.

Numbers are where you find them.
KY Floyd

NY
United States
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October 16, 2005
4,771 Posts
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Sep 22, 2006, 3:08 pm

Quote: Originally posted by JAP69 on Sep 21, 2006
I think multipliers are good if when you hit the prize level goes up.
But in my personal case if I wanted to split my jackpot win with other family members say a 3 way split I would purchase 3 exact sets of numbers ther by having 3 separate tickets.
Heres your ticket. cash it in.
Heres your ticket. Cash it in.
Heres my ticket to cash in.
No problems creating this or that or do we take annuity or cash.
Each of us can decide for ourself on what we want to do.
And also if there were other tickets having the jackpot my 3 tickets will pull in more money on my side.

The only advantage I see to that strategy is that with separate tickets the IRS has no argument about when you decided to share the prize, so oyu each pay taxes on your share. The downside is that you're spending more money without increasing your potential winnings as much as you could. If I was going to spend two or three times as much on tickets I'd want to either increase my chances of winning by 2 or 3 times or increase my potential payout by at least 2 or 3 times. If you win and the powerplay only pays double it won't matter, but if it pays 3 to 5 times then you've reduced your winnings. If there are multiple jackpot winners each extra ticket results in a smaller increase in your total share. If there are one or two other winners and you have a single ticket you get 1/2 or 1/3. If you have a second ticket you get 2/3 or 2/4, which means your second ticket only gets you 1/6 of the jackpot.
dvdiva

United States
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September 17, 2003
2,063 Posts
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Sep 22, 2006, 11:04 pm

Washington state actually had a lotto promotion that doubled the jackpot (and only the jackpot) for an extra buck. I would pay for that but I haven't seen a promotion like that in years.

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