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Do the people who win a lot on scratch tickets spend a lot of money to get those winnings?

Topic closed. 31 replies. Last post 4 years ago by saysaywatson.

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United States
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Posted: October 9, 2012, 6:36 pm - IP Logged

I Agree!

I Agree!


    United States
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    Posted: October 9, 2012, 6:42 pm - IP Logged

    I totally agree with that. Those two bit tickets suck.

    My only point was that the 500 dollar wins I've seen have higher odds than 1,000 to 1, actually If I remember correctly, they go well above 1,000, so I'd rather try to beat a game which has a cap of 1,000 to 1 with pick-3.

    Of course not everyone plays the 20 dollar tickets soley for the 500 payout, they're happy If they win 100 bucks, but for me personally, I like to play a game which I have some control over, not pre-determined payouts. That's why I don't like playing slots at the casinos. The house decides when someone wins based on a computer algorithm. I like playing black/red roulette, or any table game where I have some influence.

    Are your 1000 to 1 tickets $1. in price ?? Because the AZ $20 scratch ticket is 600 to 1 for the $500. prise but the cost of 1 ticket is $20. so that is actual odds per dollar of 12,000 to 1   What?


      United States
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      Posted: October 9, 2012, 6:44 pm - IP Logged

      I Agree!

      I Agree!


        United States
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        Posted: October 9, 2012, 6:56 pm - IP Logged

        I Agree!

        I Agree!


          United States
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          Posted: October 9, 2012, 7:11 pm - IP Logged

          I Agree!

          I Agree!  Agree with stupid  (multiple choice for your convenience).

            Lucky Loser's avatar - bucks
            Texas
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            January 30, 2010
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            Posted: October 9, 2012, 9:54 pm - IP Logged

            I totally agree with that. Those two bit tickets suck.

            My only point was that the 500 dollar wins I've seen have higher odds than 1,000 to 1, actually If I remember correctly, they go well above 1,000, so I'd rather try to beat a game which has a cap of 1,000 to 1 with pick-3.

            Of course not everyone plays the 20 dollar tickets soley for the 500 payout, they're happy If they win 100 bucks, but for me personally, I like to play a game which I have some control over, not pre-determined payouts. That's why I don't like playing slots at the casinos. The house decides when someone wins based on a computer algorithm. I like playing black/red roulette, or any table game where I have some influence.

            "I like to play a game which I have some control over..."

             

            onlymoney, I couldn't have said it any better and I've definitely made the same comment in many of my posts. Pick 3 and Pick 4 are, without a doubt, games that can be controlled with the right combination of numbers, money, timing, and PATIENCE.

            In terms of scratch-offs, the higher dollar tickets will always pay more back more often. But, it's still a really, really bad idea to spend hundreds of dollars at a time on ANY scratch-off due to the pre-determined odds you've already mentioned. See, after the guaranteed payouts listed on the back, it becomes anybody's game...which makes it truly random.

            I might purchase (5) $20 tickets and get back $20 while the very next person only buys (1), the "next ticket", and ends up hitting for $1,000!! For this very reason, I never purchase over (2) of the same tickets from the same roll...I bounce around because I feel it just might help me be the guy that get's that "next ticket" from a given roll.

            Nice post onlymoney.

             

            L.L.

            Small games, frequent wins, and regular payouts 'cause.....

            There are seven days in the week...'Someday' isn't one of them.

            #lotto-4-a-living

              duckman's avatar - ducklogodrake64x64
              Jacksonville Florida
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              Posted: October 10, 2012, 12:58 am - IP Logged

              Hi everyone,

              I have a question. I've noticed that some people who post on this site have great wins on scratch tickets but I wonder if some people are spending a lot of money to get some decent wins. In my case I might win every now and then on a scratch ticket but continue to stay on budget and wonder if some people might be winning more because they are able to spend more trying to get the big wins.  It's just making me wonder about how lucky some people can be or if spending a lot of money buying scratch tickets would yield more winning tickets as opposed to someone who doesn't have much money to spend on scratch tickets. Any thoughts would be appreciated.

              Anyone who consistently posts larger scratch ticket winners ($200, $500, etc) is spending a ton of money on them. It has little to do with luck and everything to do with statistics. It's one thing to get a larger winner once in a while, but to consistently get them means they are buying a lot of tickets (with the vast majority of large quantity ticket buyers losing much more than they are winning).


                United States
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                Posted: October 11, 2012, 3:22 am - IP Logged

                Rule of thumb: For every $100 winning ticket posted, $1000 was spent to get that win.

                If someone posted a $500 winning scratch ticket, they spent $5000 to get it.  Jester Laugh

                  RJOh's avatar - chipmunk
                  mid-Ohio
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                  Posted: October 11, 2012, 4:22 am - IP Logged

                  I Agree!  Agree with stupid  (multiple choice for your convenience).

                  What? (confusing)

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking       


                    United States
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                    Posted: October 11, 2012, 7:37 am - IP Logged

                    What? (confusing)

                    I Agree!   Jester Laugh


                      United States
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                      June 2, 2012
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                      Posted: October 11, 2012, 10:23 am - IP Logged

                      Are your 1000 to 1 tickets $1. in price ?? Because the AZ $20 scratch ticket is 600 to 1 for the $500. prise but the cost of 1 ticket is $20. so that is actual odds per dollar of 12,000 to 1   What?

                      I Agree!                                                              I Agree!

                                    I Agree!                                     I Agree!

                                           

                                                  I Agree!             I Agree!

                       

                                                             I Agree!


                        United States
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                        June 2, 2012
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                        Posted: October 11, 2012, 10:24 am - IP Logged

                        "I like to play a game which I have some control over..."

                         

                        onlymoney, I couldn't have said it any better and I've definitely made the same comment in many of my posts. Pick 3 and Pick 4 are, without a doubt, games that can be controlled with the right combination of numbers, money, timing, and PATIENCE.

                        In terms of scratch-offs, the higher dollar tickets will always pay more back more often. But, it's still a really, really bad idea to spend hundreds of dollars at a time on ANY scratch-off due to the pre-determined odds you've already mentioned. See, after the guaranteed payouts listed on the back, it becomes anybody's game...which makes it truly random.

                        I might purchase (5) $20 tickets and get back $20 while the very next person only buys (1), the "next ticket", and ends up hitting for $1,000!! For this very reason, I never purchase over (2) of the same tickets from the same roll...I bounce around because I feel it just might help me be the guy that get's that "next ticket" from a given roll.

                        Nice post onlymoney.

                         

                        L.L.

                        I Agree!

                          RedStang's avatar - tallman zps6gf4inoc.jpg
                          NY
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                          Posted: October 11, 2012, 12:35 pm - IP Logged

                          Rule of thumb: For every $100 winning ticket posted, $1000 was spent to get that win.

                          If someone posted a $500 winning scratch ticket, they spent $5000 to get it.  Jester Laugh

                          Not bad. Thats still a 10% return.


                            United States
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                            Posted: October 11, 2012, 1:05 pm - IP Logged

                            Not bad. Thats still a 10% return.

                                 I Agree!       That's better then most stock portfolios and 401k's are doing today. Excellent investment vehicle!  Thumbs Up


                              United States
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                              Posted: October 11, 2012, 1:51 pm - IP Logged

                              Not bad. Thats still a 10% return.

                                                          What?

                               

                              What kind of math are you using?