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Which One is Worst Odds Lottery?

Topic closed. 19 replies. Last post 4 years ago by rdgrnr.

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Kentucky
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February 14, 2006
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Posted: December 6, 2012, 9:52 am - IP Logged

Which lottery has worst odds?

There are odds against winning the jackpot and payoff odds so while both PB and MM have the worst odds against, they generally have the best jackpot payoff odds. Some players say raffles give the best odds of winning $1 million at 125,000 to 1, but the overall odds of winning any prize is 227 to 1. And because it's usually a $20 ticket, raffles have the worst odds.


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    September 7, 2011
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    Posted: December 6, 2012, 9:54 am - IP Logged

    Which lottery has worst odds?

    I like my odds on either game.......


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      Posted: December 6, 2012, 9:58 am - IP Logged

      There are odds against winning the jackpot and payoff odds so while both PB and MM have the worst odds against, they generally have the best jackpot payoff odds. Some players say raffles give the best odds of winning $1 million at 125,000 to 1, but the overall odds of winning any prize is 227 to 1. And because it's usually a $20 ticket, raffles have the worst odds.

      Same with scratchers. In AZ one $500k is released in every 240,000 tickets @ $20. per ticket.....

        RJOh's avatar - chipmunk
        mid-Ohio
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        Posted: December 6, 2012, 2:37 pm - IP Logged

        but how does the cost being $1 vs $2 affect the odds? per $1 spent what are the odds? or i should say $2 bet cuz you aint geting a pb for $1.

        Use to be when lotteries first became popular, odds on the back of play slips were based on dollars spent because some allowed 2 or 3 chances for a dollars.  But after they started charging 2 to 20 dollars per chance, they stopped that.

        If lotteries still posted odds by dollars spent, some of those million dollars raffles tickets selling for $20 would look like rip-offs compared to the odds of winning a million dollars buying a $2 MM or PB ticket.

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

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
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          April 28, 2009
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          Posted: December 7, 2012, 8:22 am - IP Logged

          Use to be when lotteries first became popular, odds on the back of play slips were based on dollars spent because some allowed 2 or 3 chances for a dollars.  But after they started charging 2 to 20 dollars per chance, they stopped that.

          If lotteries still posted odds by dollars spent, some of those million dollars raffles tickets selling for $20 would look like rip-offs compared to the odds of winning a million dollars buying a $2 MM or PB ticket.

          I still like the raffles.

          It's all personal preference and risk assessment.

          I'm willing to risk $20 once a year for a 1 in 110,000 chance at a million dollars.

          I do it every year and have never won a nickle but I still look forward to the prospect every year.

          This is the one I play:  http://valottery.com/raffle/