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Take5 isnt fair

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

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NY
United States
Member #127621
May 5, 2012
19 Posts
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Posted: May 9, 2012, 1:23 pm - IP Logged

Take5's expected rate of return on 1st prize should be 575757 / 4 = $144k;However, it hardly ever reaches $100k. Mostly hovers at $50k, and often jp is split by 2 or even 4 resulting in $12-25k. Sometimes, it reaches $75k+, if only 1 jp winner.

Pick10 aint fair either as 8.9m / 4 <> $500k. But both have higher low prizes than MM, PB, Lotto, SM.

Numbers and Win4 payout fair amounts if playing box 0.50 as odds / 4 = payout. However, when MM and PB reach $45m, it's fair.

I play Lotto when jp is up to $6m. SweetMillion isfair as 3.8m / 4 = $1m.

Here is the thing: Take5 has 4 prizes, thus 1 line = $1 / 4 = 0.25c per prize. However, Numbers and Win4 is 0.50c box. Meaning, you pay x2 less to win $ playing Take5.

With slot machines or scratch cards youspread your $1 among more prizes. If you hit 2 out of 3 Numbers or 3 out of 4 in Win4 you get $0, and doubles are hard to hit exactly.

    Hermanus104's avatar - 5027340606 1e360c8038_s.jpg
    Northern Virginia
    United States
    Member #83350
    December 5, 2009
    1317 Posts
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    Posted: May 9, 2012, 2:20 pm - IP Logged

    Take5's expected rate of return on 1st prize should be 575757 / 4 = $144k;However, it hardly ever reaches $100k. Mostly hovers at $50k, and often jp is split by 2 or even 4 resulting in $12-25k. Sometimes, it reaches $75k+, if only 1 jp winner.

    Pick10 aint fair either as 8.9m / 4 <> $500k. But both have higher low prizes than MM, PB, Lotto, SM.

    Numbers and Win4 payout fair amounts if playing box 0.50 as odds / 4 = payout. However, when MM and PB reach $45m, it's fair.

    I play Lotto when jp is up to $6m. SweetMillion isfair as 3.8m / 4 = $1m.

    Here is the thing: Take5 has 4 prizes, thus 1 line = $1 / 4 = 0.25c per prize. However, Numbers and Win4 is 0.50c box. Meaning, you pay x2 less to win $ playing Take5.

    With slot machines or scratch cards youspread your $1 among more prizes. If you hit 2 out of 3 Numbers or 3 out of 4 in Win4 you get $0, and doubles are hard to hit exactly.

    That is the reason why I play almost exclusively the 3-ball and the 4-ball. In most states, the prize is half the odds.

     

    In Mega Millions, the odds of matching 4+0 are around 1 in 15,000 (greater than the odds of winning the top prize playing 4-ball), but the prize is only $150 (less than the prize of winning a 3-way box playing 3-ball). I feel that Mega Millions should be paying out at least $5000 for this.

     

    Virginia's new "Decades of Dollars" game isn't too bad, with Match 5 odds 1 in 43,649 and prize $10,000 and Match 4 odds 1 in in 873 and prize $100, but the game costs $2 a ticket. I am not concerned with the ticket price.

     

    The only time that I will play Powerball or Mega Millions is in the event of a record-breaking jackpot coinciding with a major holiday. I will not play these games at any other time until they significantly increase lower-tier prize payouts.

    Today's winning 3-ball is going to be a number between 000 and 999.

    In a lot of states, lotteries benefit education. That makes the REAL winners the only people who can't play!

      mediabrat's avatar - 18z0typ
      upstate NY
      United States
      Member #108791
      March 31, 2011
      549 Posts
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      Posted: May 9, 2012, 4:30 pm - IP Logged

      GHolnyuk,

      Where are you getting this idea that the top prize for all games should be 25% of all the possible combinations?

      The Lottery states that the prize pool for Take 5 is half of all sales and that the jackpot is 20% of the prize pool.  That works out to 10% of sales.  Their example assumes that every combination will be sold out, so the jackpot would be $57,575.70.  That seems about right, if not a bit low for most drawings.

        rcbbuckeye's avatar - Lottery-043.jpg
        Texas
        United States
        Member #55889
        October 23, 2007
        5615 Posts
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        Posted: May 10, 2012, 8:46 am - IP Logged

        That is the reason why I play almost exclusively the 3-ball and the 4-ball. In most states, the prize is half the odds.

         

        In Mega Millions, the odds of matching 4+0 are around 1 in 15,000 (greater than the odds of winning the top prize playing 4-ball), but the prize is only $150 (less than the prize of winning a 3-way box playing 3-ball). I feel that Mega Millions should be paying out at least $5000 for this.

         

        Virginia's new "Decades of Dollars" game isn't too bad, with Match 5 odds 1 in 43,649 and prize $10,000 and Match 4 odds 1 in in 873 and prize $100, but the game costs $2 a ticket. I am not concerned with the ticket price.

         

        The only time that I will play Powerball or Mega Millions is in the event of a record-breaking jackpot coinciding with a major holiday. I will not play these games at any other time until they significantly increase lower-tier prize payouts.

        The reason the lower tier prizes are what they are is so the jackpot and 2nd prize can be as high as they are. Can't have it both ways. Can't have high low tier prizes and big jackpots too. People play MM and PB for the jackpot prizes.

        CAN'T WIN IF YOU'RE NOT IN

        A DOLLAR AND A DREAM (OR $2)

          RedStang's avatar - tallman zps6gf4inoc.jpg
          NY
          United States
          Member #121961
          January 21, 2012
          3157 Posts
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          Posted: May 10, 2012, 10:32 am - IP Logged

          I play CT cash five. It always starts at 100k. NY is just cheap.

            SaintAndiesPl's avatar - animal butterfly.jpg
            Yonkers, NY
            United States
            Member #127830
            May 10, 2012
            120 Posts
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            Posted: May 10, 2012, 2:19 pm - IP Logged

            yep, NY take 5 pay is cheap. .maybe because people are always winning on it perhaps. It's like every day or at least every other day someone is winning. Not just one but like 2 or 3 .. One time there was 8 winners in one night. I think it was last month, I was shocked... I play all the time and have never won. Maybe because I have used the same set of numbers for like 4 years. But I also do quick picks time to time because it seems 95 percent are quick pick winners. I also go out to Jersey to play cash 5 because their top prize is amazing.. It goes as high as 700,000 or more if no one wins for like 5 days..

            It Takes More Than a Dollar and a Dream :)