|Posted: October 23, 2006, 8:10 pm - IP Logged|
Illinois Little Lotto is a 5 /39 game with a progressive jackpot that starts at $100,000 and grows until hit. It has been over $1,000,000.
The prizes are:
5 of 5 Jackpot
4 of 5 $100
3 of 5 $10
2 of 5 $1
The Missouri Show Me 5 Paydown is a 5 / 44 game with a top prize of $50,000 tax paid and the prizes are:
5 0f 5 $50,000, taxes paid, so $50,000 cash
4 0f 5 $250
3 of 5 $10
2 of 5 Free Ticket
The Illinois game jackpot is a proze pool divided up by however many people hit 5 of 5 for that drawing, the Missouri game is $50,000 tax paid until 14 or more hit*
Granted that the odds of hittiing 5 in a 5 /39 game are a lot less than those of hitting 5 in a 5 / 44 game, but considering odds and payout structure, which do you consider to be the better bet?
There's a remark on the bottom of the Show Me 5 ticket that if 14 or more people hit the 5 of 5, $1,000,000 will be divided equally among the winners.
Those who run the lotteries love it when players look for consistency in something that's designed not to have any.
There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.