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Idea for Raffle Game?

Topic closed. 7 replies. Last post 9 years ago by derek7.

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May 7, 2006
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Posted: December 31, 2007, 11:22 am - IP Logged

What are your comemnts on the follwing idea for a raffle game?

 

Let's call this a "Grenade Raffle" or "Horshoe Raffle".  Here, being close counts.

 

Let's say you have a typical range of tickets/numbers, e.g., 1-500,000.

 

Four numbers are picked for a prize of $1,000,000.

e.g., :     007345    101835     218518    472111           

 

Eight numbers will win $100,000, but these are the numbers closest to the top draws (+/- 1).

Following our example:

                007346    101836    218519    472112

                  007344   101834    218517    472110

 

Eight numbers win $10,000 - again, the next closest numbers to the big ones (+/-2).

Following our example:

                007347    101837    218520    472113

                  007343    101833   218516    472109

 

Well, you get the idea.   Some math major could figure out the best prize distribution.

But at least you wouldn't feel absolutely horrible for missing a million dollar number by just one number.   You would have  bit of consolation anyway. Big Smile

 

Frbl 

I wanna die in my sleep - like my grandfather. 

Not screaming and yelling - like the passengers in his car. Confused

    johnph77's avatar - avatar
    CA
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    December 10, 2003
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    Posted: January 1, 2008, 5:04 am - IP Logged

    What are your comemnts on the follwing idea for a raffle game?

     

    Let's call this a "Grenade Raffle" or "Horshoe Raffle".  Here, being close counts.

     

    Let's say you have a typical range of tickets/numbers, e.g., 1-500,000.

     

    Four numbers are picked for a prize of $1,000,000.

    e.g., :     007345    101835     218518    472111           

     

    Eight numbers will win $100,000, but these are the numbers closest to the top draws (+/- 1).

    Following our example:

                    007346    101836    218519    472112

                      007344   101834    218517    472110

     

    Eight numbers win $10,000 - again, the next closest numbers to the big ones (+/-2).

    Following our example:

                    007347    101837    218520    472113

                      007343    101833   218516    472109

     

    Well, you get the idea.   Some math major could figure out the best prize distribution.

    But at least you wouldn't feel absolutely horrible for missing a million dollar number by just one number.   You would have  bit of consolation anyway. Big Smile

     

    Frbl 

    The concept can work even awarding prizes down to $1. Then the prize money awarded is $4,888,888. Selling tickets for $20 each makes the take $10M. Payout percentage would be 48.9% - a little low, so aditional lower-tier prizes could be awarded.

    The fly in the ointment in this concept is if the numbers drawn were close together or even consecutive. That can happen. Duplicate prizes for the ticket? Also, if an extremely high or low number is drawn - for instance, 000002 - then the lower-tier prize could and would be won by ticket #500000.

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

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

     =^.^=

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      Posted: January 1, 2008, 6:54 am - IP Logged

      Wow, great analysis!

       

      I wasn't thinking about those pesky flies, though.  Hmm.  But your idea of doubling of prizes in case of very near numbers isn't so bad.  And  the rolling round between the far ends might be confusing for some, but it could work that way.

       But it's probably a good idea to make a game as simple and clear as one can with as few confusing situations possible.  Too many "what happens if such-and-such happens" might be not only confusing for some but also lead to legal disputes.

      I wanna die in my sleep - like my grandfather. 

      Not screaming and yelling - like the passengers in his car. Confused

        grengrad's avatar - nw rogue.jpg
        Raleigh
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        January 17, 2007
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        Posted: January 1, 2008, 2:29 pm - IP Logged

        If you do this, then the tickets that are sold have to be issued randomly, not in the order they are sold, or you would often get people who bought 3-4 tickets winning multiple prizes.

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          Posted: January 1, 2008, 8:28 pm - IP Logged

          D'oh!  I missed that one.  Although again, not the end of the world even if you sell them sequentially.  Some might think it unfair that one person won one million, and $100,000 and $10,000 becasue they bought three sequential tickets, but I don't think it's a killer.  Perhaps it might sell the game out more quickly with people multiple tickets at the same time. But combined with the problems above it might indeed kill this whole idea.

          I wanna die in my sleep - like my grandfather. 

          Not screaming and yelling - like the passengers in his car. Confused

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
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            Posted: January 2, 2008, 3:08 pm - IP Logged

            What are your comemnts on the follwing idea for a raffle game?

             

            Let's call this a "Grenade Raffle" or "Horshoe Raffle".  Here, being close counts.

             

            Let's say you have a typical range of tickets/numbers, e.g., 1-500,000.

             

            Four numbers are picked for a prize of $1,000,000.

            e.g., :     007345    101835     218518    472111           

             

            Eight numbers will win $100,000, but these are the numbers closest to the top draws (+/- 1).

            Following our example:

                            007346    101836    218519    472112

                              007344   101834    218517    472110

             

            Eight numbers win $10,000 - again, the next closest numbers to the big ones (+/-2).

            Following our example:

                            007347    101837    218520    472113

                              007343    101833   218516    472109

             

            Well, you get the idea.   Some math major could figure out the best prize distribution.

            But at least you wouldn't feel absolutely horrible for missing a million dollar number by just one number.   You would have  bit of consolation anyway. Big Smile

             

            Frbl 

            This is a neat idea!  I hope the lotteries read this.  It may be a nice way to get more people on board -- you know, the people who can't stand the fact that there are no $1 prizes.  (I personally don't get it, but many people do in fact like those under-$10 prizes!)

            I like the idea that the closer you get to the actual number, the more money you get.

             

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              Posted: January 2, 2008, 7:36 pm - IP Logged

              This is a neat idea!  I hope the lotteries read this.  It may be a nice way to get more people on board -- you know, the people who can't stand the fact that there are no $1 prizes.  (I personally don't get it, but many people do in fact like those under-$10 prizes!)

              I like the idea that the closer you get to the actual number, the more money you get.

              New South Wales' Jackpot Lotteries and Queensland's Casket lottery do something similar to this. It's a good idea, these raffles need more overall winners, lots more.

              (insert signature here)

                derek7's avatar - speedykat
                IL
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                Posted: January 2, 2008, 7:51 pm - IP Logged

                I like the idea too.

                /Derek