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Baby steps in Scratch Offs

Topic closed. 8 replies. Last post 5 years ago by Cupcake10.

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Posted: February 16, 2012, 12:58 am - IP Logged

Can someone explain Overall Odds 1 in 3.20, approximately odds of winning top price 1 in 480,000 ---- what does it mean in relating to top price $50,000 - 4 per tier, I will skip some and go to the smallest $3 price - 282,314.
Please explain


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    February 14, 2012
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    Posted: February 16, 2012, 1:17 am - IP Logged

    If I understand you correctly those odds mean exactly what is stated. On average If you buy 3.2 tickets one ticket will be a winner, it may be $1.00, $100.00, or even the top prize of $50,000.00 no gaurantees on what you'll win but one ticket should win on average. Now for the top prize. On average, one ticket in every 480,000 sold will be a top prize winner $50,000. I hope this helps.

      Cupcake10's avatar - Lottery-050.jpg

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      Posted: February 16, 2012, 7:46 pm - IP Logged

      If I understand you correctly those odds mean exactly what is stated. On average If you buy 3.2 tickets one ticket will be a winner, it may be $1.00, $100.00, or even the top prize of $50,000.00 no gaurantees on what you'll win but one ticket should win on average. Now for the top prize. On average, one ticket in every 480,000 sold will be a top prize winner $50,000. I hope this helps.

      Okay, I got the 50,000 piece but how does it work when they are giving away so many $3 --- like 284 thousand something  - is it out of the same 480,000 because the odds are different now.


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        Posted: February 17, 2012, 12:07 am - IP Logged

        Hmmmm, not quite sure I follow your last post. Besides, I'm no probability expert maybe some LP veterans will enlighten us.

          B$Rizzle's avatar - a4leds
          The Ville, FL
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          August 19, 2010
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          Posted: February 17, 2012, 10:16 am - IP Logged

          Okay, I got the 50,000 piece but how does it work when they are giving away so many $3 --- like 284 thousand something  - is it out of the same 480,000 because the odds are different now.

          Cupcake, can you post the odds of the particular game you ar referring to so I can explain? For all of the prize levels

            Cupcake10's avatar - Lottery-050.jpg

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            Posted: February 19, 2012, 1:01 am - IP Logged

            Can someone explain Overall Odds 1 in 3.20, approximately odds of winning top price 1 in 480,000 ---- top price 50,000 --- Cash Bonus Bingo

              B$Rizzle's avatar - a4leds
              The Ville, FL
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              Posted: February 19, 2012, 9:46 am - IP Logged

              Can someone explain Overall Odds 1 in 3.20, approximately odds of winning top price 1 in 480,000 ---- top price 50,000 --- Cash Bonus Bingo

              Overall odds of 1 in 3.20 means (on average) 1 out of every 3.20 is a winner.

               

              Odds of 1 in 480,000 means for every 480,000 tikets, 1 of those is a Top Prize of 50,000

               

              That does necessarily mean that if you buy 4 tickets in a row that one will be a winner...You could have 10 losers in a row, then in another roll of tickets have 3 winners in a row.

               

              Its the "Over-all" odds for the entire pool of tickets printed.

              ** BTW - each prize level is for the total tickets in that game. You fist have to find out how many tickets there are total in that game. You can find this out by multiplying the Total # of TOP PRIZES by 480,000. Once you get that #, you then know how many total tickets when that game started. All the odds you see for each prize level are for that Total # of tickets as a whole

               

              Does that help?

                Cupcake10's avatar - Lottery-050.jpg

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                Posted: February 20, 2012, 11:17 pm - IP Logged

                Overall odds of 1 in 3.20 means (on average) 1 out of every 3.20 is a winner.

                 

                Odds of 1 in 480,000 means for every 480,000 tikets, 1 of those is a Top Prize of 50,000

                 

                That does necessarily mean that if you buy 4 tickets in a row that one will be a winner...You could have 10 losers in a row, then in another roll of tickets have 3 winners in a row.

                 

                Its the "Over-all" odds for the entire pool of tickets printed.

                ** BTW - each prize level is for the total tickets in that game. You fist have to find out how many tickets there are total in that game. You can find this out by multiplying the Total # of TOP PRIZES by 480,000. Once you get that #, you then know how many total tickets when that game started. All the odds you see for each prize level are for that Total # of tickets as a whole

                 

                Does that help?

                Thank you, I somewhat thought  that was the way to figure the total tickets 480000 x total top prizes.

                  Cupcake10's avatar - Lottery-050.jpg

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                  Posted: February 22, 2012, 1:27 am - IP Logged

                  Thank you, I somewhat thought  that was the way to figure the total tickets 480000 x total top prizes.

                  1 in 3.20 --- I was hoping to somewhat find the overall odds as the result with the least prize but it's not that way. It's more like out of every 6 cards you will break even. Is there anyway to get back to the 3.20.