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Lotto 5/25: New Game Idea

Topic closed. 14 replies. Last post 10 years ago by johnph77.

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Delaware
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January 14, 2006
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Posted: January 29, 2007, 6:28 pm - IP Logged

This is a concept for states too small to have their own Pick 6 game. The idea is a Pick 5 of 25 game that would have pari-mutual prizes and a rolldown feature. 75 cents of each dollar would go into the prize pool and be distributed as follows:

  • Match 5 of 5 = 50% of the prize pool
  • Match 4 of 5 = 25% of the prize pool
  • Match 3 of 5 = 15% of the prize pool
  • Match 2 of 5 = 10% of the prize pool
  • Match 1 of 5 = free ticket
  • Match 0 of 5 = no prize

The idea is to create a game with a small number and generous lower tier prizes without a rolling jackpot prize. The game would be similar to Florida's Fantasy 5 game. If no one wins a particular prize level, the amount is evenly distributed to the lower tiers. For example, if no one matches 5 of 5, then 12.5% would be added to the 3 other tiers. Prizes winning on the free ticket amount would roll the 75 cent contribution to the prize pool of the drawing where the free ticket is issued.

Thoughts?

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    Honduras
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    Posted: February 5, 2007, 12:07 pm - IP Logged

    any 5/25 game I am in favor of it...

      johnph77's avatar - avatar
      CA
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      Posted: February 5, 2007, 1:22 pm - IP Logged

      Matching 1 of 1 in this game with a free play and no other prizes would be a game payout percentage of 45.60%.

      I doubt if you'd find any state in the U.S. willing to offer a game with a payout percentage of 75%.

      Nice in theory, but doesn't compute. Sorry.

      gl

      j

      Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

      Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

       =^.^=

        RJOh's avatar - chipmunk
        mid-Ohio
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        Posted: February 5, 2007, 6:04 pm - IP Logged

        The overall odds of winning a prize for such a game is 1:1.4 which means there would be practically no losers except the states.  That's the kind of game more lottery players would like to see.  West Virginia has a 6/25 game which pays $1 for a 3/6 match.  It's jackpot is $25,000 and that is probably as easy of game to win the jackpot as you'll ever see.

         * you don't need to buy more tickets, just buy a winning ticket * 
           
                     Evil Looking       

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          Honduras
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          Posted: February 7, 2007, 12:40 pm - IP Logged

          Rdc137, i don't know what you mean by states too small to have their own pick6 game? what do you mean by that?

           I thought about the idea before too..I've even wrote it down..But your concept you describe above, there is a mistake i don't think would work..The 1of 5= free ticket option i don't think it will work..I don't think there should be prize for the 1 of 5 option..A game with that option will be too easy having in mind that a 5/25 would be ..I am not sure but the 2 of 5 option should have a free ticket...Rdc if you could show me the options with real money they i would understand and i would appreciate it if you did. I can't understand the percentages...What do you mean by 50% of the prize pool. Can you write the options but with real money because that way i don't understand it..Yeah i thought about a easy game with no rolling jackpot prize...

          also a pick 5/25 has 1 in 53,130 odds..This is not too much combinations, so the game will be a bit easier.

          CAn you explain a little bit more clearly what 10% of the prize pool is? because if 15,000 people each buy 1 dollar of the game, that will be 15,000 dollar and then 75% (75 cents of each dollar is 75%) of it is 11,250 and you say that 2 of 5 is 10% of the prize pool but 10% of the prize pool is 1,125..YOu have to mention in conjunction how much each prize tiers will get not just mention the percentage...You have to explain clearly what you mean...

            RJOh's avatar - chipmunk
            mid-Ohio
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            Posted: February 7, 2007, 12:47 pm - IP Logged

            any 5/25 game I am in favor of it...

            Many scratch-off games have these kinds of odds if you consider (5/25=1/5).

             * you don't need to buy more tickets, just buy a winning ticket * 
               
                         Evil Looking       

              justxploring's avatar - villiarna
              Wandering Aimlessly
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              Posted: February 8, 2007, 11:38 am - IP Logged

              The overall odds of winning a prize for such a game is 1:1.4 which means there would be practically no losers except the states.  That's the kind of game more lottery players would like to see.  West Virginia has a 6/25 game which pays $1 for a 3/6 match.  It's jackpot is $25,000 and that is probably as easy of game to win the jackpot as you'll ever see.

              I agree.  Just like the casinos, the states want to come out ahead all the time.  Of course I think it's a great idea!  (I wish the 6 number FL lottery didn't change from 6/49 to 6/53!)  Regarding the pick-5 game, our Fantasy 5 game now has 36 numbers.  Although once in a while you will see just 1 player win, more often than not you will see 2, 3 and more winners.  In January seventeen people won a jackpot, since the numbers drawn were so low.  RJOh, I've never followed West VA.  With only 25 numbers, is the jackpot hit weekly?

              I know the question posed here was referring to a state without the population of Florida, but wouldn't lowering the odds also greatly increase the number of winners that would split the money? Of course there is nothing wrong with spending a dollar and winning $500 or $1,000 but those people play pick-3 or pick-4 games anyway, don't they?

                RJOh's avatar - chipmunk
                mid-Ohio
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                Posted: February 8, 2007, 12:08 pm - IP Logged

                justxploring,

                According to West Virgina website during the last year of drawings there were 34 jackpot winners all on different dates.  Since they have four drawings per week that's 34 of 208 chances or 3 winners a month.  This game would probably work just as well in Florida, but a chance to share a $25,000 jackpot for $1 with odds of 1:177,100 might not look as attractive to Floridians with so many more possible players.

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

                  justxploring's avatar - villiarna
                  Wandering Aimlessly
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                  Posted: February 8, 2007, 12:19 pm - IP Logged

                  I agree, RJOh.  However, after so many years of playing without even getting 5/6, I would stop if I hadn't been "chasing" the same numbers for 12 years.  It's become an addiction.  I wouldn't kill anyone or rob to get the $4 every Wed & Sat, but I have a fear (as crazy as it sounds) of discontinuing to play them.  Anyway, my point is that I'd rather share a $25,000 jackpot than no jackpot at all.  Even the odds of winning Fantasy 5 here is 1:377,000.  I'm one of those players who don't get excited when a matrix increases to build larger jackpots.  I will never understand why people go nuts when PB goes over $100M.  Usually only 1 person wins anyway.  I sort of compare the current lotteries to when I used to vacation a lot many years back and gamble in casinos (just a little.)  Once they began using 5 or 6 decks in a shoe at blackjack, it wasn't too much fun any more.

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                    Honduras
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                    Posted: February 8, 2007, 6:17 pm - IP Logged

                    justxploring,

                    According to West Virgina website during the last year of drawings there were 34 jackpot winners all on different dates.  Since they have four drawings per week that's 34 of 208 chances or 3 winners a month.  This game would probably work just as well in Florida, but a chance to share a $25,000 jackpot for $1 with odds of 1:177,100 might not look as attractive to Floridians with so many more possible players.

                    Some how i don't believe that. So in 1 year there were only 36 winners for that game 6/25? It can't be...But that game has the "potential" to create 1,920 winners in 1 year...Only 36 winners is 1.8% of the potential winners...

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                      Posted: February 8, 2007, 6:34 pm - IP Logged

                      One thing is they take tax out. When the PB is 100million and the cash option is 50 and the tax on THAt is 20, that leaves 30 million. Most people could live lavishly for the rest of their life with that much. It's about power and security and attention. Also when it's over 100 usually the News keeps mentioning it so more people who weren't thinking about it go play.

                      I'd definitely try any new game they come out with. The percentages are meant to be of the prize pool total.. so 7.5 percent of the money paid in would be divided equally among the 10% level winners etc. Instead of a free ticket, the lowest prize could be $1. Also make sure it is a REAL not COMPUTERIZED drawing! And I thought casinos return (so they say!) 80% or 90% so they COULD if they wanted to but not likely.

                        johnph77's avatar - avatar
                        CA
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                        Posted: February 9, 2007, 1:01 am - IP Logged

                        Odds chart for 5/25 matrix:

                        Draw 5

                        Hit

                        Possibilities

                        Odds - 1::

                        25

                        5

                        1

                        53130.00

                         

                        4

                        100

                        531.30

                         

                        3

                        1900

                        27.96

                         

                        2

                        11400

                        4.66

                         

                        1

                        24225

                        2.19

                         

                        0

                        15504

                        3.43

                         

                         

                        53130

                        1.00

                        gl

                        j

                        Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

                        Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

                         =^.^=

                          RJOh's avatar - chipmunk
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                          Posted: February 9, 2007, 8:38 pm - IP Logged

                          Odds chart for 5/25 matrix:

                          Draw 5

                          Hit

                          Possibilities

                          Odds - 1::

                          25

                          5

                          1

                          53130.00

                           

                          4

                          100

                          531.30

                           

                          3

                          1900

                          27.96

                           

                          2

                          11400

                          4.66

                           

                          1

                          24225

                          2.19

                           

                          0

                          15504

                          3.43

                           

                           

                          53130

                          1.00

                          gl

                          j

                          According to those figures for every 53130 tickets sold at $1 each, there would be one jackpot winner and with a distribution as suggested by rdc137 if the states kept 50% of sales for themselves then the prize pool would be $26,565.

                          50% for 1 jackpot = $13,283 each
                          25% for 100 match 4 = $132 each
                          15% for 1900 match 3 = $2 each
                          10% for 11400 match 2 = 20¢ each
                          *free ticket for 24225 match 1 = (worth $1=$24,225)- a player would be better off to match one  than matching two.  All the state workers would have to pay the states for this to work. 

                           * you don't need to buy more tickets, just buy a winning ticket * 
                             
                                       Evil Looking       

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                            Posted: February 12, 2007, 3:53 pm - IP Logged

                            A 5/25 is doable, but not in the manner you suggested. Try going here, it's a useful tool when creating game matrices and prize structures.

                            (insert signature here)

                              johnph77's avatar - avatar
                              CA
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                              Posted: February 12, 2007, 11:37 pm - IP Logged

                              According to those figures for every 53130 tickets sold at $1 each, there would be one jackpot winner and with a distribution as suggested by rdc137 if the states kept 50% of sales for themselves then the prize pool would be $26,565.

                              50% for 1 jackpot = $13,283 each
                              25% for 100 match 4 = $132 each
                              15% for 1900 match 3 = $2 each
                              10% for 11400 match 2 = 20¢ each
                              *free ticket for 24225 match 1 = (worth $1=$24,225)- a player would be better off to match one  than matching two.  All the state workers would have to pay the states for this to work. 

                              Even if the prizes for 4/5 through 1/5 were free play tickets or $1.00 payouts, a 75% payout percentage would yield a jackpot of only $2,222.00

                              Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

                              Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

                               =^.^=