|Posted: February 8, 2008, 5:24 pm - IP Logged|
yeah its high especially for MIDDAY
but a month before this happened:
The payout to Daily Number game for the Jan. 14 nighttime drawing (5-5-5) totaled $4,535,425, more than six times the amount players wagered. A total of 18,265 tickets were sold for the winning number combination..
IT's good that PA has fixed amounts for daily games...In jersey its pari-mutuel so if triples draw in jersey it will pay around $140 for 0.50 play.
Triples hit twice a year on average....people CONSISTENTLY play triples during the year...basically you lose what you win becasue you are making the bets for the whole year waiting to hit and then you are happy to win but the net profit is not significant ...considering if you play the ten triples every day is $5 a day X 365=$1825 a year..lets say they hit 3 times a year..you win 3x $250 =$750..Iven if you play $1 there is No net profit...It may seem like the lottery is losing money when triples hit ...Actually they are not in the long run..so many people play triples daily they recover more than enough so twice a year triples are nothing (consider also the other people who played the other numbers nobody won and you cannnot win boxed when triples hit)