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What factors to decide when buying a scratch-off ticket?

Topic closed. 2 replies. Last post 5 years ago by redhot7.

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redhot7's avatar - SetforLifeLogo
California
United States
Member #112364
June 17, 2011
661 Posts
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Posted: August 3, 2011, 11:33 pm - IP Logged

What is the most important factor when buying a scratch ticket?

Initially, I bought any ticket I liked at random but as I gained more experience, I started to look at the game characteristics more closely.

This is how I strategize:

 

Starting from the most to the least important factors:

1. Overall cash odds

2. Ticket price

3. Grand Prize

4. Number of grand prizes still available

5. Grand prize odds

6. Ticket look and design

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    New Member
    East Coast Sand
    United States
    Member #114387
    July 30, 2011
    21 Posts
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    Posted: August 3, 2011, 11:51 pm - IP Logged

    What is the most important factor when buying a scratch ticket?

    Initially, I bought any ticket I liked at random but as I gained more experience, I started to look at the game characteristics more closely.

    This is how I strategize:

     

    Starting from the most to the least important factors:

    1. Overall cash odds

    2. Ticket price

    3. Grand Prize

    4. Number of grand prizes still available

    5. Grand prize odds

    6. Ticket look and design

    #4 of your reasons is a big reason, as is #6... but I would have to add a #7 - How much cash do I have in my wallet... that one actually would be my #1 most important factor for me.  No cash = no ticket.

      redhot7's avatar - SetforLifeLogo
      California
      United States
      Member #112364
      June 17, 2011
      661 Posts
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      Posted: August 4, 2011, 12:45 am - IP Logged

      #4 of your reasons is a big reason, as is #6... but I would have to add a #7 - How much cash do I have in my wallet... that one actually would be my #1 most important factor for me.  No cash = no ticket.

      I agree but there are certain circumstances in which #4 is not that important, even though there are thousands of grand prizes still available. Here in my state, we have Hot $500 and Hot $100 that have 6,400 and 9,730 grand prizes still available respectively. But the overall cash odds of these games are 1 in 7.59 and 1 in 9.15 respectively. I don't have good results from buying those games. With other games with higher odds, I either close to break even or make a profit. With these 2 games, I have bad returns.