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POLL - State Raffles

Topic closed. 58 replies. Last post 4 years ago by LottoGuyBC.

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Are You Playing A Raffle This Year?

Yes [ 21 ]  [45.65%]
No [ 5 ]  [10.87%]
Maybe [ 3 ]  [6.52%]
I'd Like To But There Are None Around Here [ 10 ]  [21.74%]
Whatayou Nuts? [ 1 ]  [2.17%]
You Gotta Be Some Kinda Idiot [ 5 ]  [10.87%]
I Wish You Were Dead, I Mean Like Seriously, Dude [ 0 ]  [0.00%]
I'd Like A Romantic Interlude With You, Ridgey [ 0 ]  [0.00%]
I Wish You Were A Beer [ 1 ]  [2.17%]
Pfffffffffffffffffttttttttttt!!! Take Off, Hoser! [ 0 ]  [0.00%]
Total Valid Votes [ 46 ]  
Discarded Votes [ 1 ]  

United States
Member #116268
September 7, 2011
20244 Posts
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Posted: December 9, 2012, 5:36 pm - IP Logged

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)


    United States
    Member #116268
    September 7, 2011
    20244 Posts
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    Posted: December 9, 2012, 5:38 pm - IP Logged

    $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's avatar - tallman zps6gf4inoc.jpg
      NY
      United States
      Member #121961
      January 21, 2012
      3159 Posts
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      Posted: December 9, 2012, 5:56 pm - IP Logged

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

        Original Bey's avatar - Lottery-022.jpg

        Bahamas
        Member #133462
        September 30, 2012
        5946 Posts
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        Posted: December 9, 2012, 6:03 pm - IP Logged

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

        Spread the cheese!

        "Everything works  ONCE!"

          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
          United States
          Member #82391
          November 12, 2009
          6305 Posts
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          Posted: December 9, 2012, 6:05 pm - IP Logged

          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's avatar - tallman zps6gf4inoc.jpg
            NY
            United States
            Member #121961
            January 21, 2012
            3159 Posts
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            Posted: December 9, 2012, 6:05 pm - IP Logged

            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's avatar - shape barbed.jpg
              Zeta Reticuli Star System
              United States
              Member #30470
              January 17, 2006
              10392 Posts
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              Posted: December 9, 2012, 6:12 pm - IP Logged

              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.

              Lep

              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

              Lep

              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's avatar - tallman zps6gf4inoc.jpg
                NY
                United States
                Member #121961
                January 21, 2012
                3159 Posts
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                Posted: December 9, 2012, 6:13 pm - IP Logged

                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's avatar - Lottery-012.jpg
                  Egg Harbor twp.south Jersey shore
                  United States
                  Member #112968
                  June 29, 2011
                  3857 Posts
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                  Posted: December 9, 2012, 6:59 pm - IP Logged

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

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

                    THRIFTY's avatar - great seal_obverse.jpg
                    NEW YORK
                    United States
                    Member #90535
                    April 29, 2010
                    12118 Posts
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                    Posted: December 9, 2012, 8:12 pm - IP Logged

                    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.

                    Lep

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

                    US Flag

                    PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

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                      United States
                      Member #135804
                      November 29, 2012
                      332 Posts
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                      Posted: December 10, 2012, 4:36 pm - IP Logged

                      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.

                      PayoutProbabilityExpected Value
                      1998322855.707E-091.140442199
                      9999981.94038E-070.194037501
                      99981.54089E-060.015405809
                      985.23902E-050.005134242
                      988.16671E-050.008003378
                      50.0027766980.01388349
                      50.0014155680.007077842
                      20.0090244560.018048913
                      20.0180472840.036094568
                      -20.968600195-1.937200391
                       -0.49907245
                       $20 play-9.981449

                       

                      PayoutProbabilityExpected Value
                      10000009.09091E-069.090909091
                      500009.09091E-060.454545455
                      5000.0009090910.454545455
                      -200.999072727-19.98145455
                        -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's avatar - walt
                        Way back up in them dadgum hills, son!
                        United States
                        Member #73904
                        April 28, 2009
                        14903 Posts
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                        Posted: December 10, 2012, 5:06 pm - IP Logged

                        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's avatar - walt
                          Way back up in them dadgum hills, son!
                          United States
                          Member #73904
                          April 28, 2009
                          14903 Posts
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                          Posted: December 10, 2012, 5:08 pm - IP Logged

                          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's avatar - tiana the-princess-and-the-frog.jpg
                            Oklahoma
                            United States
                            Member #82391
                            November 12, 2009
                            6305 Posts
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                            Posted: December 11, 2012, 8:12 am - IP Logged

                            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's avatar - tiana the-princess-and-the-frog.jpg
                              Oklahoma
                              United States
                              Member #82391
                              November 12, 2009
                              6305 Posts
                              Offline
                              Posted: December 11, 2012, 8:22 am - IP Logged

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

                              I Love Pink & Green 1908