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Florida's $13 Million Holiday Giveaway

Topic closed. 6 replies. Last post 10 years ago by JimmySand9.

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floridian's avatar - DiscoBallGlowing

United States
Member #45802
August 28, 2006
335 Posts
Offline
Posted: November 16, 2006, 10:04 am - IP Logged

Just curious, If this was being offered in your state would you be interested.  One ticket cost $20.00 WOW!!

Here are the numbers:

Sell only 1,250,000 Tickets to generate $25 million.  According to Lottery officials they will only sell that amount and cut it off at the benchmark so the odds can remain as advertised.

Of that they will giveaway $13 million to the winners

This is what they say:

10 first prizes      $1,000,000 each odds 1:125,000

10 second prizes $100,000    each odds 1:62,500

10 third prizes      $10,000    each odds 1:12,500

Is there something wrong with these odds calculations?

maybe I am not thinking it through correctly.

Edit, my bad looked at it again and it is 20 second prizes and 100 third prizes.  Sorry my old eyes are not what they used to be.  Still, however, the question remains would you spend $20.00 on one ticket?  Would you buy several?

F


    United States
    Member #379
    June 5, 2002
    11296 Posts
    Offline
    Posted: November 16, 2006, 10:09 am - IP Logged

    Just curious, If this was being offered in your state would you be interested.  One ticket cost $20.00 WOW!!

    Here are the numbers:

    Sell only 1,250,000 Tickets to generate $25 million.  According to Lottery officials they will only sell that amount and cut it off at the benchmark so the odds can remain as advertised.

    Of that they will giveaway $13 million to the winners

    This is what they say:

    10 first prizes      $1,000,000 each odds 1:125,000

    10 second prizes $100,000    each odds 1:62,500

    10 third prizes      $10,000    each odds 1:12,500

    Is there something wrong with these odds calculations?

    maybe I am not thinking it through correctly.

    Edit, my bad looked at it again and it is 20 second prizes and 100 third prizes.  Sorry my old eyes are not what they used to be.  Still, however, the question remains would you spend $20.00 on one ticket?  Would you buy several?

    F

    The odds of winning one of the $1 million prizes are 1:125,000. The odds per TICKET of winning something are 1:4,167. That means, at $20 per chance, the overall odds per dollar are 1:83,333.

      CARBOB's avatar - FL LOTTERY_LOGO.png
      ORLANDO, FLORIDA
      United States
      Member #4924
      June 3, 2004
      5893 Posts
      Offline
      Posted: November 16, 2006, 10:48 am - IP Logged

      Just curious, If this was being offered in your state would you be interested.  One ticket cost $20.00 WOW!!

      Here are the numbers:

      Sell only 1,250,000 Tickets to generate $25 million.  According to Lottery officials they will only sell that amount and cut it off at the benchmark so the odds can remain as advertised.

      Of that they will giveaway $13 million to the winners

      This is what they say:

      10 first prizes      $1,000,000 each odds 1:125,000

      10 second prizes $100,000    each odds 1:62,500

      10 third prizes      $10,000    each odds 1:12,500

      Is there something wrong with these odds calculations?

      maybe I am not thinking it through correctly.

      Edit, my bad looked at it again and it is 20 second prizes and 100 third prizes.  Sorry my old eyes are not what they used to be.  Still, however, the question remains would you spend $20.00 on one ticket?  Would you buy several?

      F

      floridian,

      I plan on buying at least 20!!!! In every Super Bowl pool I enter, I buy at least 20. I have'nt failed making money on those pools for years!!

        floridian's avatar - DiscoBallGlowing

        United States
        Member #45802
        August 28, 2006
        335 Posts
        Offline
        Posted: November 16, 2006, 1:11 pm - IP Logged

        floridian,

        I plan on buying at least 20!!!! In every Super Bowl pool I enter, I buy at least 20. I have'nt failed making money on those pools for years!!

        CARBOB:

        I find your post to be very interesting and thank you for posting it. 

        If I might I would like to ask another question!! 

        Since, you plan on spending $400.00 is there something magic about buying 20 tickets or is that a personal thing with you?  Better put maybe, has your luck or success over the years revolved around the number 20?

        I am envious of your consistant success, I guess I am hoping some of your luck will rub off.

        F

          CARBOB's avatar - FL LOTTERY_LOGO.png
          ORLANDO, FLORIDA
          United States
          Member #4924
          June 3, 2004
          5893 Posts
          Offline
          Posted: November 16, 2006, 4:52 pm - IP Logged

          CARBOB:

          I find your post to be very interesting and thank you for posting it. 

          If I might I would like to ask another question!! 

          Since, you plan on spending $400.00 is there something magic about buying 20 tickets or is that a personal thing with you?  Better put maybe, has your luck or success over the years revolved around the number 20?

          I am envious of your consistant success, I guess I am hoping some of your luck will rub off.

          F

          I don't know if 20 is magical or not, but I believe with 20 tickets , I stand a good chance of hitting one of the top tier prizes. For the football pools it improves my chances bunches. I'm a very positive person. I never keep negative thoughts in my mind.

            JackpotWanna's avatar - squiz

            United States
            Member #4121
            March 23, 2004
            817 Posts
            Offline
            Posted: November 16, 2006, 10:33 pm - IP Logged


            I love the odds in this game.

              Avatar

              United States
              Member #1826
              July 11, 2003
              2645 Posts
              Offline
              Posted: November 17, 2006, 2:35 am - IP Logged


              I love the odds in this game.

              You're joking, right?

              (insert signature here)