|Posted: September 30, 2009, 4:16 am - IP Logged|
Here is my formula for comparing lotteries.
It is not perfect.
I take the cash prize and divide it by the odds.
Wisconsin Badger 5 = 177,000/169,911=1.042
Wisconsin Megabucks= 400,000/6,991,908=0.057
Wisconsin Supercash=350,000/1,631,312=0.215 (prize is NOT parimutual)
Illinois Little Lotto=100,000/575,757=0.174
Bigger the number the better. So clearly for TODAY, Wis badger 5 beats them all..
And Wis megabucks really sucks....
If Badger 5 goes back to 12,000 it will change....
You want to take into account that Badger 5 and Ill Little Lotto give a prize for match 2,and Wis supercash is not parimutual meaning that all winners collect the $350,000 prize.