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New Lottery

Topic closed. 29 replies. Last post 6 years ago by johnb73.

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RJOh's avatar - chipmunk
mid-Ohio
United States
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Posted: November 10, 2010, 6:07 pm - IP Logged

How about a lottery that picked its winner out of the pool of players who actually purchased a ticket. Kind of like a super 50/50 draw. Any interest?

That sounds a lot like Ohio's New Year Raffle.  They are selling 500,000 tickets starting with number 000001 and ending with 500000 and on New Year Day 2011, they will pull numbers, not names, and award prizes to the holders of tickets with those numbers.  Top prize is $1,000,000.

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

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    Kingston Ontario
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    Posted: November 10, 2010, 6:15 pm - IP Logged

    The administrator is the government, not one person who works for them. The government is always the biggest beneficiary of the lottery. They supposedly use the money to fund education, healthcare and other government programs.

     

    It seems like we're getting a little off topic, I was just simply asking if there would be any interest in a lottery with better odds for large jackpots. Some of the largest jackpots in the world like Powerball and Euro Millions have astronomical odds of winning. In a 50/50 type scenario, more like 80/20, there would be a guarenteed winner and the jackpots could be limitless.

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      Posted: November 10, 2010, 6:16 pm - IP Logged

      How much are the tickets?

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
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        Posted: November 11, 2010, 4:11 am - IP Logged

        How much are the tickets?

        I think you would have a lot of options and maybe that's the way a national lottery could go.

        Different ticket prices for different prize levels and so forth.

        And have the vig go to pay down the national debt.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

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          Kingston Ontario
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          Posted: November 11, 2010, 10:08 am - IP Logged

          What if we opened up the lottery to the world! With the power of the internet it would be easy. Massive jackpots, more large prizes per draw, way better odds.

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            Kentucky
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            Posted: November 11, 2010, 11:44 am - IP Logged

            What if we opened up the lottery to the world! With the power of the internet it would be easy. Massive jackpots, more large prizes per draw, way better odds.

            State lotteries are looking for ways to increase their sales to get get more profits for their state because they already get around a 50% return on most of their games. While larger jackpots in games like PB and MM help states get larger sales, I don't see how offering better odds would help them maintain their profit margin unless the spike in sales was extraordinarily higher.

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              Posted: November 11, 2010, 11:53 am - IP Logged

              I'm not really worried about the state maintaining their margin. However, if you sold tickets around the world (internet) your could raise the stakes for everyone and still give better odds. I'm surprised you're concerned about the states take and not about your's.

                Jack-C's avatar - us
                San Diego, CA
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                Posted: November 11, 2010, 11:56 am - IP Logged

                That sounds a lot like Ohio's New Year Raffle.  They are selling 500,000 tickets starting with number 000001 and ending with 500000 and on New Year Day 2011, they will pull numbers, not names, and award prizes to the holders of tickets with those numbers.  Top prize is $1,000,000.

                A number of states do that from time to time.

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                  Kentucky
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                  Posted: November 11, 2010, 4:56 pm - IP Logged

                  I'm not really worried about the state maintaining their margin. However, if you sold tickets around the world (internet) your could raise the stakes for everyone and still give better odds. I'm surprised you're concerned about the states take and not about your's.

                  I'm not concerned about lottery profits just know from experience, they won't lower the odds unless it's for a free ticket. The odds against winning MM and PB are exactly the same in every drawings, but the players can get better payoff odds on the same buck by waiting until the jackpot gets higher. $140 million for $1 is better than $12 million for $1 if that's their reason for playing.

                  For secondary prizes with fixed payoffs nothing changes, but players can get better payoff odds by playing Megaplier or Powerplay. However this doesn't change the overall odds of 1 in 35 or 1 in 40 of winning any prize. Even if a new type of lottery game raised the payoffs on secondary prizes, it wouldn't help much. The odds against matching 4 MM numbers is 15,313 to 1 just to get a $150 payoff and 19,030 to 1 on PB to get a $100 payoff. 

                  Lotteries could raise the secondary prize payoffs by lowering the percentage of the Jackpot roll, but are people playing for larger jackpots or larger secondary prizes?

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                    NASHVILLE, TENN
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                    Posted: November 11, 2010, 8:26 pm - IP Logged

                    Or we could hold a "Price Is Right" lottery.  Whoever has the closest numbers to the actual numbers drawn without going over, wins the jackpot.

                    Or wins the chance to pick "Door #1?  Door #2?  Or Door #3".  The money would be behind whichever door was not picked by the "winner".  Just like they do on television.

                    What could go wrong?

                      Winged-Dove's avatar - butterfly3
                      Tallmadge, Ohio
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                      Posted: November 11, 2010, 8:45 pm - IP Logged

                      Or we could hold a "Price Is Right" lottery.  Whoever has the closest numbers to the actual numbers drawn without going over, wins the jackpot.

                      Or wins the chance to pick "Door #1?  Door #2?  Or Door #3".  The money would be behind whichever door was not picked by the "winner".  Just like they do on television.

                      What could go wrong?

                      I am sure that there probably is something that could go wrong....

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                        Posted: November 12, 2010, 10:13 am - IP Logged

                        Myself, I don't play the large jackpot lotteries to win a hundred bucks and I don't think anyone else does either. If the ticket sales were large enough they could easily give several million dollar secondary prizes. That would greatly increase your odds of winning a significant prize. If you had a jackpot worth $200 million, why not reduce the jackpot to $100 million, and have 20, $5million secondary prizes.

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: November 12, 2010, 3:09 pm - IP Logged

                          Myself, I don't play the large jackpot lotteries to win a hundred bucks and I don't think anyone else does either. If the ticket sales were large enough they could easily give several million dollar secondary prizes. That would greatly increase your odds of winning a significant prize. If you had a jackpot worth $200 million, why not reduce the jackpot to $100 million, and have 20, $5million secondary prizes.

                          I like that idea.


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke

                           

                           

                            Coin Toss's avatar - shape barbed.jpg
                            Zeta Reticuli Star System
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                            Posted: November 12, 2010, 6:56 pm - IP Logged

                            johnb73,

                            You're right about playing to win a jackpot and I like the idea you present, but given the current format with one set of winning numbers, how would the top prize be cut in half and the other half be divvied out 20 ways?

                            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.

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                              Posted: November 15, 2010, 2:37 pm - IP Logged

                              I'm talking about a format where you buy a ballot, not a numbered ticket. All the ballot buyers are assigned a number and the winners are picked from the pool of people who purchased.  So you're odds are determined by the number of ballots sold. Think of it like a massive 50/50 draw only the prize would be more like 80 or 90% not 50.