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jackpot more than cost every ticket combo

Topic closed. 5 replies. Last post 5 years ago by RJOh.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
Offline
Posted: January 2, 2012, 8:54 am - IP Logged

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

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19825 Posts
    Offline
    Posted: January 2, 2012, 1:58 pm - IP Logged

    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 more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      savagegoose's avatar - ProfilePho
      adelaide sa
      Australia
      Member #37136
      April 11, 2006
      3300 Posts
      Offline
      Posted: January 2, 2012, 5:29 pm - IP Logged

      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.

      2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

      keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

        B$Rizzle's avatar - a4leds
        The Ville, FL
        United States
        Member #95879
        August 19, 2010
        1708 Posts
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        Posted: January 2, 2012, 5:36 pm - IP Logged

        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's avatar - ProfilePho
          adelaide sa
          Australia
          Member #37136
          April 11, 2006
          3300 Posts
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          Posted: January 2, 2012, 5:42 pm - IP Logged

          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

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19825 Posts
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            Posted: January 2, 2012, 6:11 pm - IP Logged

            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 more tickets, just buy a winning ticket * 
               
                         Evil Looking