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Which one will have better odds of winning?

Topic closed. 5 replies. Last post 4 years ago by dallascowboyfan.

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NY
United States
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December 31, 2010
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Posted: February 6, 2013, 8:58 pm - IP Logged

NY Sweet million has odds of winning top prize is 1:3.8 million.

$5 scratch lotteries have odds of winning 1:3.8 million.

Is it better to play 5 games of NY SM as opposed to one scratch lottery?  I know scratch lottery generally have lot of smaller prizes. Assuming you are not interested in small prizes/

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
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    Posted: February 6, 2013, 9:01 pm - IP Logged

    With Sweet Million, you know the prize is gonna be there.

    With scratchers you don't.

      Boney526's avatar - NjlpLogo
      New Jersey
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      October 18, 2010
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      Posted: February 6, 2013, 10:58 pm - IP Logged

      You can buy 5 tickets for the sweet millions for the same price.  So the odds per 5 dollars spent would be 5 in 3.8 million, which is better.

       

      Assuming that all you care about is the chance to win a large prize, then I'd say that the sweet millions is preferable, but it probably has a lower overall expected return that the scratch offs.

       

      I'd say if your intent on playing to try to win a large amount, buy the occasional lotto ticket, rather than scratch off.  You get about the same odds of a giant win, at a lower price, with the trade off being less small prizes and less expected return.

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        NY
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        Posted: February 7, 2013, 7:14 am - IP Logged

        but it probably has a lower overall expected return that the scratch offs.

        how so? can you expand?

          sully16's avatar - sharan
          Ringleader
          Michigan
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          October 28, 2009
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          Posted: February 7, 2013, 7:41 am - IP Logged

          With Sweet Million, you know the prize is gonna be there.

          With scratchers you don't.

          Thats what I would pick

           HyperBe Happy.

            dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
            Oklahoma
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            November 12, 2009
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            Posted: February 7, 2013, 8:42 am - IP Logged

            Sweet Millions.....

            I Love Pink & Green 1908