jackpot more than cost every ticket comboPrev TopicNext Topic

• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Jan 2, 2012, 8:54 am

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  hi was just  bumbling thru some number of a game i like to play.

  the odds of winning, are 1 in 8,145,060

  it costs $1.75c to buy 4 games, so $3.5 mill to cover every combination!

  the jackpot this week is $4 mill, and seems to go up $1 mill ea week

  heres the game australia wide

   o and here in aust. theres no tax and the advertised prize is the amount you get.

  http://www.salotteries.com.au/Games/XLotto.aspx?day=Wednesday

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• RJOh

  

  100

  mid-Ohio
  United States
  Member #9
  March 24, 2001
  20,272 Posts
  Offline
  Jan 2, 2012, 1:58 pm

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  Years ago when the state of Virgina had a game with similar odds and a jackpot worth $21M (annuity), an investment group from Australia tried to buy every possible combination and won it.  Because of that particular incident, states all over the country changed their rules.  I would think, if that group still exists, they would jump at that opportunity.

   * you don't need to buy every combination, just the winning ones * 

         
  
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Jan 2, 2012, 5:29 pm

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  it doesnt seem to get to jackpot much higher than $5 mill,.  but then it doesnrt seem to go th 1 winner either. i think a lot of  people start betting big once $5M is hit, cuz i rarely see it go to $6M.

  anyhow ill be betting a few extra bucks, as $4m is more than enough for me.

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• B$Rizzle

  

  The Ville, FL
  United States
  Member #95,875
  August 19, 2010
  1,708 Posts
  Offline
  Jan 2, 2012, 5:36 pm

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  The main issue with this is the fact that even if a person did play every combination possible, it would be dayum near impossible to purchase every combination between draws. Only way to make it work, woudl be to have a ton of people all purchase a boat load of tickets at multiple locations. Still, I dont think there is enough hours between draws to make it worth it. Then you have the chance that more than 1 ticket wins
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Jan 2, 2012, 5:42 pm

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  indeed both good points., the 2 pwoplw winning is the biggies, and noot enough hours in the day also our betslips now have 18 games on each. so still would need 450k individual betslips filled out correctly!

  we do have the advantage of player cards where poeple can store their regualre bets , so a store agent could while away their days, filling in 450k couponss and adding theme to the card untill all 8 mill are covered.

  another momentous task.

   

  anyhow, i just like that the ROI is positive, even if i dont win its nice to know i m playing a game where the money back is good

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• RJOh

  

  100

  mid-Ohio
  United States
  Member #9
  March 24, 2001
  20,272 Posts
  Offline
  Jan 2, 2012, 6:11 pm

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  The group that did it in the Virgina lottery, had their play slips printed up and a plan in place long before the drawing.  It was a matter of waiting for the jackpot to reach a certain level.  They did it with three terminals working exclusively for them for three days at three seven-eleven stores.

  Now stores can't allow any group or person to have exclusive use of a terminal more than 15 minutes at a time.  After the case of big spenders taking advantage of their lottery run downs, Massachusetts now limit sales at one terminal to $5000 a day.

   * you don't need to buy every combination, just the winning ones *