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I love it when PB jackpots get hit frequently

Topic closed. 8 replies. Last post 7 years ago by DC81.

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United States
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June 25, 2009
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Posted: June 28, 2009, 2:32 am - IP Logged

I just love when PB jackpots get hit frequently at relatively low amounts. Someone in CT won tonight's "mere" $25 million jackpot. It only goes to show that despite PB's greedy efforts to keep raising the jackpot odds to EVEN more impossibly astronomical odds (1/195 million now), the jackpot still won't reach PB's "ideal" level of  $100+ million very often at all. Their highest jackpot ever still is $365 million from more than three years ago with lower jackpot odds than current levels, when players picked 5/55 + 1/42 (1/176 million odds).  The PB association shot themselves in the foot last January by expanding the matrix yet again, and lo and behold, their average jackpots haven't been any higher than before. I bet their overall sales with all member states combined went down instead of up with this latest attempt to further discourage players. Lower your jackpot odds and raise the price of the ticket to $2, PB.

    diamondpalace's avatar - Untitled 2.jpg
    Dallas, TX
    United States
    Member #60284
    April 12, 2008
    3856 Posts
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    Posted: June 28, 2009, 5:23 am - IP Logged

    The house always profit, even when someone wins the jackpot they also get a nice percentage of it. Even more if the winner takes lump sum instead of annually. Despite the increased in odds, it is still not impossible to win. Perhaps if it's 1/500billion chance someone still win it. Luck works in mysterious ways.

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19825 Posts
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      Posted: June 28, 2009, 12:33 pm - IP Logged

      I just love when PB jackpots get hit frequently at relatively low amounts. Someone in CT won tonight's "mere" $25 million jackpot. It only goes to show that despite PB's greedy efforts to keep raising the jackpot odds to EVEN more impossibly astronomical odds (1/195 million now), the jackpot still won't reach PB's "ideal" level of  $100+ million very often at all. Their highest jackpot ever still is $365 million from more than three years ago with lower jackpot odds than current levels, when players picked 5/55 + 1/42 (1/176 million odds).  The PB association shot themselves in the foot last January by expanding the matrix yet again, and lo and behold, their average jackpots haven't been any higher than before. I bet their overall sales with all member states combined went down instead of up with this latest attempt to further discourage players. Lower your jackpot odds and raise the price of the ticket to $2, PB.

      If anything, your argument proves no harm was done by raising the odds as more states were added and someone winning the jackpot on its first drawing can still happen.   As you pointed out the jackpots haven't gotten any larger and they are still being won at the same frequency as they were with lower odds with fewer states.   Sounds like they got it right, had they not raised the odds as states were added, the large jackpots which is the main attraction of the game couldn't exist.

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

        DC81's avatar - batman39
        MI
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        Member #54830
        August 31, 2007
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        Posted: June 28, 2009, 1:45 pm - IP Logged

        The house always profit, even when someone wins the jackpot they also get a nice percentage of it. Even more if the winner takes lump sum instead of annually. Despite the increased in odds, it is still not impossible to win. Perhaps if it's 1/500billion chance someone still win it. Luck works in mysterious ways.

        I think you have that switched around....

        You can't predict random.

          Todd's avatar - Cylon 2.gif
          Chief Bottle Washer
          New Jersey
          United States
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          May 31, 2000
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          Posted: June 28, 2009, 3:05 pm - IP Logged

          <Moved to Jackpot Games forum>

          Please post in the appropriate forum ... thank you.

            diamondpalace's avatar - Untitled 2.jpg
            Dallas, TX
            United States
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            April 12, 2008
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            Posted: June 28, 2009, 3:09 pm - IP Logged

            I think you have that switched around....

            ?

              Todd's avatar - Cylon 2.gif
              Chief Bottle Washer
              New Jersey
              United States
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              May 31, 2000
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              Posted: June 28, 2009, 3:37 pm - IP Logged

              If anything, your argument proves no harm was done by raising the odds as more states were added and someone winning the jackpot on its first drawing can still happen.   As you pointed out the jackpots haven't gotten any larger and they are still being won at the same frequency as they were with lower odds with fewer states.   Sounds like they got it right, had they not raised the odds as states were added, the large jackpots which is the main attraction of the game couldn't exist.

              I Agree!

               

              Check the State Lottery Report Card
              What grade did your lottery earn?

               

              Sign the Petition for True Lottery Drawings
              Help eliminate computerized drawings!

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                NY
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                October 16, 2005
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                Posted: June 30, 2009, 2:01 am - IP Logged

                I just love when PB jackpots get hit frequently at relatively low amounts. Someone in CT won tonight's "mere" $25 million jackpot. It only goes to show that despite PB's greedy efforts to keep raising the jackpot odds to EVEN more impossibly astronomical odds (1/195 million now), the jackpot still won't reach PB's "ideal" level of  $100+ million very often at all. Their highest jackpot ever still is $365 million from more than three years ago with lower jackpot odds than current levels, when players picked 5/55 + 1/42 (1/176 million odds).  The PB association shot themselves in the foot last January by expanding the matrix yet again, and lo and behold, their average jackpots haven't been any higher than before. I bet their overall sales with all member states combined went down instead of up with this latest attempt to further discourage players. Lower your jackpot odds and raise the price of the ticket to $2, PB.

                I guess you can't figure out that doubling the price of a ticket is exactly the same thing as doubling the odds, and then only selling tickets in pairs.

                  DC81's avatar - batman39
                  MI
                  United States
                  Member #54830
                  August 31, 2007
                  985 Posts
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                  Posted: June 30, 2009, 1:47 pm - IP Logged

                  ?

                  I'm referring to the house winning when someone chooses the lump sum over the annuity.

                  You can't predict random.