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Would you play this?

Topic closed. 7 replies. Last post 10 years ago by Badger.

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United States
Member #1826
July 11, 2003
2645 Posts
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Posted: March 9, 2007, 11:30 pm - IP Logged

O.K. It's my first concept in a long time, and it's hardly anything innovative, but I'll see how you guys like it.

Pick 5 out of 25;

One play per $1;

60% of sales go toward prizes.

 Prize
Odds
Match 5 of 5
$10,000
1 : 53,130
Match 4 of 5
$100
1 : 531
Match 3 of 5
$5
1 : 28
Match 2 of 5
Free Play
1 : 5


Overall Odds (including free tickets) : 1 in 3.965

Overall Cash Odds (excluding free tickets) : 1 in 26.552

What do you think? If your lottery offered this up, would you play it? 

(insert signature here)

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    Honduras
    Member #20982
    August 29, 2005
    4715 Posts
    Offline
    Posted: March 14, 2007, 1:36 am - IP Logged

    Yes, i would play this game....

     

     

    "More important than winning the states' lotteries is the movie "Red Planet"........"

      derek7's avatar - speedykat
      IL
      United States
      Member #34578
      March 4, 2006
      198 Posts
      Offline
      Posted: March 14, 2007, 4:49 pm - IP Logged

      I would.

      Would jackpot rollover if not won?

       

      Derek 

        Avatar

        United States
        Member #119
        February 19, 2002
        527 Posts
        Offline
        Posted: March 14, 2007, 9:29 pm - IP Logged

        O.K. It's my first concept in a long time, and it's hardly anything innovative, but I'll see how you guys like it.

        Pick 5 out of 25;

        One play per $1;

        60% of sales go toward prizes.

         Prize
        Odds
        Match 5 of 5
        $10,000
        1 : 53,130
        Match 4 of 5
        $100
        1 : 531
        Match 3 of 5
        $5
        1 : 28
        Match 2 of 5
        Free Play
        1 : 5


        Overall Odds (including free tickets) : 1 in 3.965

        Overall Cash Odds (excluding free tickets) : 1 in 26.552

        What do you think? If your lottery offered this up, would you play it? 

        He** no!

        It's just a hybrid of already state-butchered games that lower so called "jackpot" amounts for getting all the winning numbers.

        I'll continue to play the original 5/39 game where I live.

          tntea's avatar - Lottery-059.jpg

          United States
          Member #5344
          June 30, 2004
          23641 Posts
          Offline
          Posted: March 16, 2007, 5:10 pm - IP Logged

          I would play it before I played a scratch off...

               OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

            johnph77's avatar - avatar
            CA
            United States
            Member #2987
            December 10, 2003
            832 Posts
            Offline
            Posted: March 17, 2007, 2:21 pm - IP Logged

            Under the conditions specified the game payout percentage would be 76.98%, not 60%.

            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
              United States
              Member #9
              March 24, 2001
              19825 Posts
              Offline
              Posted: March 17, 2007, 3:41 pm - IP Logged

              Under the conditions specified the game payout percentage would be 76.98%, not 60%.

               possible combination of 5 in 25 numbers is 53130
               MATCH      GAME ODDS          WINNING COMBINATIONS
               5 / 5      1 : 53130            1          x $10,000 = $10,000
               4 / 5      1 : 531            100        x $100 =    $10,000
               3 / 5      1 : 28              1900        x $5 =      $ 9,500
               2 / 5      1 : 5              11400      x FREE = lost opportunity 

               overall    1 : 3.9          expect .25 prizes
               total combos 53130    winning combos 13401  winners 25.22 %

              For every 53,130 tickets sold for $1 payouts are $29,500 but 11,400 of those tickets are free so only $41,730 is collected for every 53,130 tickets sold making the real payout $29,500/$41,730 (71%).  Throw in an additional 5% for the retailers and 15% for staff and equipment and you're lucky if you make 10% profit, the states would be better off investing in the stock market rather than a lottery like that.

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

                Badger's avatar - adu50016 NorthAmericanBadger.jpg
                Wisconsin
                United States
                Member #1303
                March 27, 2003
                1508 Posts
                Offline
                Posted: March 17, 2007, 7:53 pm - IP Logged

                 possible combination of 5 in 25 numbers is 53130
                 MATCH      GAME ODDS          WINNING COMBINATIONS
                 5 / 5      1 : 53130            1          x $10,000 = $10,000
                 4 / 5      1 : 531            100        x $100 =    $10,000
                 3 / 5      1 : 28              1900        x $5 =      $ 9,500
                 2 / 5      1 : 5              11400      x FREE = lost opportunity 

                 overall    1 : 3.9          expect .25 prizes
                 total combos 53130    winning combos 13401  winners 25.22 %

                For every 53,130 tickets sold for $1 payouts are $29,500 but 11,400 of those tickets are free so only $41,730 is collected for every 53,130 tickets sold making the real payout $29,500/$41,730 (71%).  Throw in an additional 5% for the retailers and 15% for staff and equipment and you're lucky if you make 10% profit, the states would be better off investing in the stock market rather than a lottery like that.

                Yuppers, no state would create a game like that. Not enough profit in it.

                But the original question was would you play a game like that?  And from a players standpoint, it's better odds than any other Pick 5 game I've ever seen out there. Certainly better than our 5/31 game, with all the lower tier prizes in it being twice what we get. But that is exactly why no state would start it.

                ============

                How can you tell if a politician is lying?

                Answer: His lips are moving.