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figuring the odds (?)

Topic closed. 16 replies. Last post 6 years ago by B$Rizzle.

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Posted: February 22, 2011, 9:50 am - IP Logged

so as i understand it when a ticket says the odds are 1:4.72, that means your odds of winning anything is one in four, but winning one of the big prizes is 1 in 72?

    B$Rizzle's avatar - a4leds
    The Ville, FL
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    Posted: February 22, 2011, 10:35 am - IP Logged

    so as i understand it when a ticket says the odds are 1:4.72, that means your odds of winning anything is one in four, but winning one of the big prizes is 1 in 72?

    The odds of the entire game divided by the total amount of tickets printed are 1:4.72

     

    That doesnt mean that there is a gauranteed winner every 4.72 tickets. You could buy 20 tickets in a row and get 2 winners. Then on the next roll there could be 5 winners in a row. It all evens out to 1:4.72 in the end.

     

    Im not sure which specific game you are referring to but with the information you provided I hope I clarified it for you =)

     

    PS - The TOP PRIZES are normally 1 in xxxx...If you tell me which game you are asking about I can probably give a more definitely answer and explain it better.

     

    Have good day!

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      Posted: February 22, 2011, 12:21 pm - IP Logged

      i had somehow gotten the wrong idea that the .## was different. after doing some more research i did get a better idea of how the odds are read.

      so i guess the next question that would be harder to answer is does anyone know if there are a set number of tickets per game? do they continuously print tickets until?

      btw, B$Rizzle thanks for answering my question.

        B$Rizzle's avatar - a4leds
        The Ville, FL
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        Posted: February 22, 2011, 12:32 pm - IP Logged

        i had somehow gotten the wrong idea that the .## was different. after doing some more research i did get a better idea of how the odds are read.

        so i guess the next question that would be harder to answer is does anyone know if there are a set number of tickets per game? do they continuously print tickets until?

        btw, B$Rizzle thanks for answering my question.

        They usually print a set # of tickets per game. That is how the odds are created.

         

        Sometimes popular games will have "2nd runs" which means they will print another run of tickets wih the same odds.

         

        -B

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          FLORIDA
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          Posted: February 22, 2011, 1:40 pm - IP Logged

          They usually print a set # of tickets per game. That is how the odds are created.

           

          Sometimes popular games will have "2nd runs" which means they will print another run of tickets wih the same odds.

           

          -B

          do you think all the re run or 2nd run tickets are created with the same odds? what about the 5$ monopoly and casino action 10$ seems harder to win on these now ive already had 12 losers in row on both these tickets thats why i ask? you seem to know more than most on here just looking for info im trying to find the RIGHT ticket to play for each denom.

            B$Rizzle's avatar - a4leds
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            Posted: February 22, 2011, 2:06 pm - IP Logged

            do you think all the re run or 2nd run tickets are created with the same odds? what about the 5$ monopoly and casino action 10$ seems harder to win on these now ive already had 12 losers in row on both these tickets thats why i ask? you seem to know more than most on here just looking for info im trying to find the RIGHT ticket to play for each denom.

            Well, heres the thing. I would hope so, but can't prove it. I've thought about this for a while also.

            Technically the FL Lottery would be breaking the law if they advertised the same odds on 2nd run tickets, and they weren't correct.

             

            Another thing I noticed is some games with "2nd runs", just means the Lottery office shipped out the tickets in more than one shipment. Lets say there were 10,000,000 tickets created. The lottery office could distibute half of those and still have 5,000,000 tickets at the warehouse. They can still have those same odds printed and get away with it, even though there is a possibility half (or more than half) of the Top Prizes are still at the warehouse.

             

            So all in all, it's really hard to say how accurate the odds are at any given time. Especially on the $2 Mill Casino action that you mentioned. What I am thinking, is that even though that game is on a "2nd run", the 4 remaining Top Prizes could still be at the warehouse and we wouldnt even know. This game isnt super popular and they could very well be the case.

             

            If that's the case, it's hard to feel like we have been given a fair chance. But they can get away with it per the State laws. Their excuse could just be "well we havent sold the remaining tickets yet due to its lackluster demand"

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              Posted: February 22, 2011, 2:07 pm - IP Logged

              do you think all the re run or 2nd run tickets are created with the same odds? what about the 5$ monopoly and casino action 10$ seems harder to win on these now ive already had 12 losers in row on both these tickets thats why i ask? you seem to know more than most on here just looking for info im trying to find the RIGHT ticket to play for each denom.

               Anvil DropHey 305, yes now that these have been re-ordered the are worse! I don't know how that affects the odds. They say top prizes may increase proportionally. If this is true then that might explain why the last guy who 1 million in 200 million Spectacular took home over $700,000 while you get $650,000 as a cash option with BDB

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                Posted: February 22, 2011, 3:48 pm - IP Logged

                at the two places i mainly buy tickets one gas station  and winn dixie they sell between 2 and 3 rolls a day of 5$ monopoly and like 2 of the 200 million spectacular which i noticed is also 2nd run so i dont know if you would consider that popular, which 10 dollar ticket should be played?

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                  Posted: February 22, 2011, 4:14 pm - IP Logged

                   Good LuckI'd say by your description that those are popular. Can't tell you which ones to buy, though, it's all about luck.

                    B$Rizzle's avatar - a4leds
                    The Ville, FL
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                    Posted: February 22, 2011, 4:44 pm - IP Logged

                    at the two places i mainly buy tickets one gas station  and winn dixie they sell between 2 and 3 rolls a day of 5$ monopoly and like 2 of the 200 million spectacular which i noticed is also 2nd run so i dont know if you would consider that popular, which 10 dollar ticket should be played?

                    Of the $10 tickets its really hard to say. Judging on past wins on the 200 Million Spectacular, there is typically a winner every 5-6 months. The last 2 wins on that game came on:

                    11/12/2010 (Orlando, FL) & 06/08/10 (Largo, FL)

                     

                    Even though this game typically produces a winner every 5-6 months on average, anything can happen. I still play this game because I like it.

                    Like Luis said, its all about luck. But I personally play 200 Million Spectacular & Casino action & 100 Year for life. All 3 of them have a decent amount of Top Prizes  remaining, but the Casino action is farthest out and seems to be due a Top Prize anyday now.

                     

                    But it's so hard to say ya know. Anything can happen

                     

                    Good luck to you

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                      jax
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                      Posted: February 22, 2011, 5:02 pm - IP Logged

                      Won 100.00 on this ticket today.

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                        jax
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                        Posted: February 22, 2011, 5:02 pm - IP Logged

                        200 Million Spectacular ticket was what I won the 100.00 on.

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                          Posted: February 22, 2011, 5:04 pm - IP Logged

                          nice thanks for the help will grab more tickets

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                            Posted: February 22, 2011, 5:08 pm - IP Logged

                            200 Million Spectacular ticket was what I won the 100.00 on.

                             Congrats!

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                              jax
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                              Posted: February 22, 2011, 5:12 pm - IP Logged

                              Thanks