Welcome Guest
Log In | Register )
You last visited December 4, 2016, 3:15 pm
All times shown are
Eastern Time (GMT-5:00)

Instant tickets - "Approximate overall odds of winning"

Topic closed. 3 replies. Last post 8 years ago by duckman.

Page 1 of 1
PrintE-mailLink
Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
United States
Member #30470
January 17, 2006
10345 Posts
Offline
Posted: April 4, 2009, 7:16 pm - IP Logged

This is off of the back of an Illinois ticket ($2 in this case) but probably pertains to all states.

Verbatim:

Approximate ods of winning (including break even prizes) are: 1 in 4.52, $2-1 in 7.50, $3- 1 in 21.43, $5- 1in 50.00, $10-1 in 75.00, $20- 1 in 600.00, $40- 1 in 1,170.73, $100- 1 in 181.82

($100 is the top prize on this ticket)

My question is, it being a $2 ticket, what is the difference between a "break even prize" and the $2 prize? It's a $2 ticket and there is no prize lower than $2. So since the "break even prize" is the $2 prize,  why different odds?

Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

Lep

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

    johnph77's avatar - avatar
    CA
    United States
    Member #2987
    December 10, 2003
    832 Posts
    Offline
    Posted: April 5, 2009, 4:07 am - IP Logged

    This is off of the back of an Illinois ticket ($2 in this case) but probably pertains to all states.

    Verbatim:

    Approximate ods of winning (including break even prizes) are: 1 in 4.52, $2-1 in 7.50, $3- 1 in 21.43, $5- 1in 50.00, $10-1 in 75.00, $20- 1 in 600.00, $40- 1 in 1,170.73, $100- 1 in 181.82

    ($100 is the top prize on this ticket)

    My question is, it being a $2 ticket, what is the difference between a "break even prize" and the $2 prize? It's a $2 ticket and there is no prize lower than $2. So since the "break even prize" is the $2 prize,  why different odds?

    Possibly because one of the break-even prizes is another ticket but not cash?

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

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

     =^.^=

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
      United States
      Member #30470
      January 17, 2006
      10345 Posts
      Offline
      Posted: April 5, 2009, 12:48 pm - IP Logged

      Possibly because one of the break-even prizes is another ticket but not cash?

      That used to be the case, but people wanted to know why they had to settle for a free ticket and not get the price of a "winning" ticket back, so now the "break even" prize is the price of the ticket.

      Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

      Lep

      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

        duckman's avatar - ducklogodrake64x64
        Jacksonville Florida
        United States
        Member #23018
        October 6, 2005
        915 Posts
        Offline
        Posted: April 6, 2009, 11:41 am - IP Logged

        This is off of the back of an Illinois ticket ($2 in this case) but probably pertains to all states.

        Verbatim:

        Approximate ods of winning (including break even prizes) are: 1 in 4.52, $2-1 in 7.50, $3- 1 in 21.43, $5- 1in 50.00, $10-1 in 75.00, $20- 1 in 600.00, $40- 1 in 1,170.73, $100- 1 in 181.82

        ($100 is the top prize on this ticket)

        My question is, it being a $2 ticket, what is the difference between a "break even prize" and the $2 prize? It's a $2 ticket and there is no prize lower than $2. So since the "break even prize" is the $2 prize,  why different odds?

        The odds listed are for 2 separate things:

        The odds of winning any prize ($2,$3,$5,$10,$20,$40,$100) are 1 in 4.52

        The odds of winning a $2 (or breakeven) prize is 1 in 7.50