Florida's $13 Million Holiday GiveawayPrev TopicNext Topic

• floridian

  

  United States
  Member #45,801
  August 28, 2006
  335 Posts
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  Nov 16, 2006, 10:04 am

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  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
• CASH Only

  United States
  Member #379
  June 5, 2002
  11,296 Posts
  Offline
  Nov 16, 2006, 10:09 am

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  In response to floridian

  Quote: Originally posted by floridian on Nov 16, 2006

  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

  

  COLUMBUS,GA.
  United States
  Member #4,924
  June 3, 2004
  6,719 Posts
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  Nov 16, 2006, 10:48 am

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  In response to floridian

  Quote: Originally posted by floridian on Nov 16, 2006

  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

  

  United States
  Member #45,801
  August 28, 2006
  335 Posts
  Offline
  Nov 16, 2006, 1:11 pm

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  In response to CARBOB

  Quote: Originally posted by CARBOB on Nov 16, 2006

  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

  

  COLUMBUS,GA.
  United States
  Member #4,924
  June 3, 2004
  6,719 Posts
  Offline
  Nov 16, 2006, 4:52 pm

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  In response to floridian

  Quote: Originally posted by floridian on Nov 16, 2006

  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

  

  United States
  Member #4,121
  March 23, 2004
  819 Posts
  Offline
  Nov 16, 2006, 10:33 pm

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  I love the odds in this game.
• JimmySand9

  

  United States
  Member #1,826
  July 11, 2003
  2,645 Posts
  Offline
  Nov 17, 2006, 2:35 am

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  In response to JackpotWanna

  Quote: Originally posted by JackpotWanna on Nov 16, 2006

  
  I love the odds in this game.

  You're joking, right?

  (insert signature here)