|Posted: April 17, 2010, 1:02 am - IP Logged|
I can say that I have done non-extensive research on this (can't say "extensive" but I have certainly done some)
With the higher priced ticket, if you buy just one and lose, you have quickly burned through your 1 and only ticket and you will be wanting more. If you win, it will probably just be to get your original 30 back. If you win big, that is awesome, but rare.
However, if you buy 6 $5 tickets, first off the psychological advantage is that you have SEVERAL tickets you get to scratch instead of one, so therefore you now have 1 of 6 chances to win instead of 1 of 1. And maybe the payout on one of the 6 will be just as high or higher than the 30 dollar ticket (like others said in this thread, they have won 50 and 100 on the $5 ones).
Personally I have done better over the long run with $5 tickets, but note that the highest payout I have received on them is $25. But that is just me. Many of them have prizes from $50, 100, 500, 1000 up to 100,000 or 150,000. That's how it is in TN anyway.