POLL - State RafflesPrev Topic Next Topic

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Are You Playing A Raffle This Year?

Yes

[ 21 ]

[ 45.7% ]

[ 5 ]

[ 10.9% ]

Maybe

[ 3 ]

[ 6.5% ]

I'd Like To But There Are None Around Here

[ 10 ]

[ 21.7% ]

Whatayou Nuts?

[ 1 ]

[ 2.2% ]

You Gotta Be Some Kinda Idiot

[ 5 ]

[ 10.9% ]

I Wish You Were Dead, I Mean Like Seriously, Dude

[ 0 ]

[ 0.0% ]

I'd Like A Romantic Interlude With You, Ridgey

[ 0 ]

[ 0.0% ]

I Wish You Were A Beer

[ 1 ]

[ 2.2% ]

Pfffffffffffffffffttttttttttt!!! Take Off, Hoser!

[ 0 ]

[ 0.0% ]

Total valid votes

[ 46 ]

Discarded votes

[ 1 ]

Ronnie316

100

United States
Member #116,263
September 7, 2011
20,243 Posts
Offline

Dec 9, 2012, 5:36 pm

Quote: Originally posted by THRIFTY on Dec 9, 2012
Spending $20 on MM or PB gives you better odds of winning.

$20. on MM give you 20 chances in 3.8 million...

The Virginia raffle is 1 chance in 110,000 for $20. (Better odds)
Ronnie316

100

United States
Member #116,263
September 7, 2011
20,243 Posts
Offline

Dec 9, 2012, 5:38 pm

$20. on PB gives you 10 chances in 5.1 million...

The Virginia raffle is 1 chance in 110,000 for $20. (Way better odds)
RedStang

NY
United States
Member #121,955
January 21, 2012
3,169 Posts
Offline

Dec 9, 2012, 5:56 pm

Have CT,PA, ElGordo tics, and VA in 2 weeks on my way to NC. Can't resist.
Original Bey

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 9, 2012, 6:03 pm

Quote: Originally posted by RedStang on Dec 9, 2012
Have CT,PA, ElGordo tics, and VA in 2 weeks on my way to NC. Can't resist.

Spread the cheese!

"Do everything you can. Then, leave the rest to luck."
dallascowboyfan

Oklahoma
United States
Member #82,389
November 12, 2009
6,374 Posts
Offline

Dec 9, 2012, 6:05 pm

Quote: Originally posted by Ronnie316 on Dec 9, 2012
I don't think its the "worst" until they offer you A $1000. a week for ONE YEAR and tell you that all your dreams of endless vacations and fantasy living will ALL be fulfilled..............

Ronnie it is the worst by far. We have no state lotto game that rolls. Our largest scratcher is $5 for $30,000 sometimes $40,000 & $50,000....

I Love Pink & Green 1908
RedStang

NY
United States
Member #121,955
January 21, 2012
3,169 Posts
Offline

Dec 9, 2012, 6:05 pm

Quote: Originally posted by Genome on Dec 9, 2012
Yeah its a great game. There has been 5 winners so far since it started last March. 3 in Massachusetts and 2 in Connecticut. That is $364,000 a year before taxes. They gurantee 20 years so if you pass before 20 years they still pay whats left to your estate or family. Im not sure how that works.

LFL is not that great. It has'nt been won since July.
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,788 Posts
Offline

Dec 9, 2012, 6:12 pm

Let me see, would I rather take a $20 shot at $1 million dollars or 20 $1 shots or 10 $2 shots at multi-millions?

Oh my head, the pain.

The way Illinois does the raffle it comes out to 509 winners and 499,491 losers. Gee which of those two categories your ticket will wind up in?

Even if you win $1M at a $20 price each dollar has won......$50,000. Not quite as strong as a draw game winner.

Good Luck to all of you who play them.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
RedStang

NY
United States
Member #121,955
January 21, 2012
3,169 Posts
Offline

Dec 9, 2012, 6:13 pm

Quote: Originally posted by dallascowboyfan on Dec 9, 2012
Ronnie it is the worst by far. We have no state lotto game that rolls. Our largest scratcher is $5 for $30,000 sometimes $40,000 & $50,000....

I feel your pain. Had to go to stillwater,ok and got to experience their 3.2 beer. Can't imagine the lotto.
haymaker

Egg Harbor twp.south Jersey shore
United States
Member #112,963
June 29, 2011
4,160 Posts
Offline

Dec 9, 2012, 6:59 pm

We don't have any, not sure we ever did.

Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D.
THRIFTY

100

NEW YORK
United States
Member #90,531
April 29, 2010
13,282 Posts
Offline

Dec 9, 2012, 8:12 pm

Quote: Originally posted by Coin Toss on Dec 9, 2012
Let me see, would I rather take a $20 shot at $1 million dollars or 20 $1 shots or 10 $2 shots at multi-millions?

Oh my head, the pain.

The way Illinois does the raffle it comes out to 509 winners and 499,491 losers. Gee which of those two categories your ticket will wind up in?

Even if you win $1M at a $20 price each dollar has won......$50,000. Not quite as strong as a draw game winner.

Good Luck to all of you who play them.

I agree, Playing $20 on Mega millions or Powerball is way better than playing a raffle game.

Toronto

United States
Member #135,798
November 29, 2012
419 Posts
Offline

Dec 10, 2012, 4:36 pm

Here's a chart in Excel I made of the Powerball lottery comparing to the Virginia Raffle. It is the expected value of a $20 play. Basically, only when PB hits $199.8 million lump sum does the expected value equal that of the Virginia raffle. Also important to note is that this PB expected value rests on the assumption that the top prize does not get split with multiple tickets. In the past, this has meant at least hitting $300 million in annuity value. Also, based on sales of the recent run up to $580 million (and on mega's record jackpot sales), once the jackpot rolls over again from the $300-399 million range, the buying frenzy begins and there becomes a less than 1/3 chance of having a single winning ticket.

Payout	Probability	Expected Value
199832285	5.707E-09	1.140442199
999998	1.94038E-07	0.194037501
9998	1.54089E-06	0.015405809
98	5.23902E-05	0.005134242
98	8.16671E-05	0.008003378
5	0.002776698	0.01388349
5	0.001415568	0.007077842
2	0.009024456	0.018048913
2	0.018047284	0.036094568
-2	0.968600195	-1.937200391
	-0.49907245
	$20 play	-9.981449

Payout	Probability	Expected Value
1000000	9.09091E-06	9.090909091
50000	9.09091E-06	0.454545455
500	0.000909091	0.454545455
-20	0.999072727	-19.98145455
		-9.981454545

So basically, PB is only a better game than the VA state raffle when the jackpot reaches roughly $300 million or more and then there is a less than 1/3 chance once it hits $400 million and beyond that the better Expected value is better than the state raffle.

rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
Member #73,902
April 28, 2009
15,378 Posts
Offline

Dec 10, 2012, 5:06 pm

Quote: Originally posted by maringoman on Dec 9, 2012
Oh shoot. I forgot I bought raffle tickets for El Gordo. Too late to change the poll answer I gave which was a No; I do not intend to purchase raffle tickets.

That's ok, maringoman, I was asking mainly about state lotteries anyway.

I got a couple for El Gordo too.

Does Mass have a raffle?
rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
Member #73,902
April 28, 2009
15,378 Posts
Offline

Dec 10, 2012, 5:08 pm

Quote: Originally posted by grandmadec on Dec 9, 2012
Yes I will buy an Ohio Raffle ticket so far have not won anything on it.

Neither have I, grandmadec, but maybe this year.

Good luck!
dallascowboyfan

Oklahoma
United States
Member #82,389
November 12, 2009
6,374 Posts
Offline

Dec 11, 2012, 8:12 am

Quote: Originally posted by Ronnie316 on Dec 9, 2012
I don't think its the "worst" until they offer you A $1000. a week for ONE YEAR and tell you that all your dreams of endless vacations and fantasy living will ALL be fulfilled..............

That is pretty bad......

I Love Pink & Green 1908
dallascowboyfan

Oklahoma
United States
Member #82,389
November 12, 2009
6,374 Posts
Offline

Dec 11, 2012, 8:22 am

Looks like Kansas has a Million Dollar Raffle.... maybe I can convince hubby to take a road trip LOL..

I Love Pink & Green 1908

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