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Multipliers : Are they a good deal?

Topic closed. 12 replies. Last post 10 years ago by dvdiva.

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Multipliers : Are they a good deal?

Yes [ 9 ]  [64.29%]
No [ 3 ]  [21.43%]
Can't say [ 2 ]  [14.29%]
Total Valid Votes [ 14 ]  
Discarded Votes [ 1 ]  
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United States
Member #1826
July 11, 2003
2645 Posts
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Posted: August 29, 2006, 11:18 pm - IP Logged

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% 

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    weshar75's avatar - Lottery-042.jpg
    Mcminnville, Oregon
    United States
    Member #3013
    December 13, 2003
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    Posted: August 29, 2006, 11:29 pm - IP Logged

    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

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      Morrison, IL
      United States
      Member #4657
      May 13, 2004
      1884 Posts
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      Posted: August 30, 2006, 7:58 am - IP Logged

      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.

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        Coastal Georgia
        United States
        Member #2653
        October 30, 2003
        1866 Posts
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        Posted: August 30, 2006, 8:11 am - IP Logged

        I always play it.. and enjoy the payouts..

        DD

         

                                       

                      

         

         


          United States
          Member #379
          June 5, 2002
          11296 Posts
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          Posted: September 21, 2006, 3:23 pm - IP Logged

          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's avatar - Lottery-017.jpg

            United States
            Member #41383
            June 16, 2006
            1969 Posts
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            Posted: September 21, 2006, 3:40 pm - IP Logged

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

             

            Already discussed 

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              United States
              Member #1826
              July 11, 2003
              2645 Posts
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              Posted: September 21, 2006, 4:38 pm - IP Logged

              http://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.

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                guesser's avatar - Lottery-017.jpg

                United States
                Member #41383
                June 16, 2006
                1969 Posts
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                Posted: September 21, 2006, 5:02 pm - IP Logged

                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's avatar - 8ball

                  United States
                  Member #2338
                  September 17, 2003
                  2063 Posts
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                  Posted: September 21, 2006, 10:27 pm - IP Logged

                  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. 


                    United States
                    Member #16612
                    June 2, 2005
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                    Posted: September 21, 2006, 10:30 pm - IP Logged

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

                      JAP69's avatar - alas
                      South Carolina
                      United States
                      Member #6
                      November 4, 2001
                      8790 Posts
                      Online
                      Posted: September 21, 2006, 10:44 pm - IP Logged

                      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.

                      WHATT

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                        NY
                        United States
                        Member #23835
                        October 16, 2005
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                        Posted: September 22, 2006, 3:08 pm - IP Logged

                        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's avatar - 8ball

                          United States
                          Member #2338
                          September 17, 2003
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                          Posted: September 22, 2006, 11:04 pm - IP Logged

                          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.