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Texas All or Nothing shut down

Topic closed. 5 replies. Last post 3 years ago by rcbbuckeye.

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Krypton
United States
Member #140102
March 11, 2013
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Posted: July 20, 2013, 7:37 pm - IP Logged

I was just told a few minutes ago tha Texas All or Nothing is shut down. Suppose, someone figured out how to win it 2 times n a row. Hmmmm random..... Hmmmm

 

What's up with that?

    Jon D's avatar - calotterylogo
    Los Angeles, California
    United States
    Member #103813
    January 5, 2011
    1530 Posts
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    Posted: July 20, 2013, 7:55 pm - IP Logged

    I was just told a few minutes ago tha Texas All or Nothing is shut down. Suppose, someone figured out how to win it 2 times n a row. Hmmmm random..... Hmmmm

     

    What's up with that?

    Wow, where have you been the last month and a half? That's really old news:

    http://www.lotterypost.com/news/262005

    They've already annouced a solution:

    http://www.txlottery.org/export/sites/lottery/Documents/AllorNothingFAQ_061613.pdf

    "2. What changes can we expect when All or Nothing sales resume?
    A liability cap of $5 million for the top prize in the game has been proposed (see All or Nothing
    Game Rule Proposal). Currently, the top prize for All or Nothing is a guaranteed amount of
    $250,000. Under the proposed change,in any drawing where the number of top prize winners is
    greater than 20, the top prize will be paid on a pari-mutuel rather than fixed prize basis, and the
    liability cap of $5 million will be divided equally by the number of top prize winners. The
    practice of setting a liability cap is a common lottery industry practice for games that offer fixed
    prizes."

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      Krypton
      United States
      Member #140102
      March 11, 2013
      892 Posts
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      Posted: July 21, 2013, 7:05 am - IP Logged

      Wow, where have you been the last month and a half? That's really old news:

      http://www.lotterypost.com/news/262005

      They've already annouced a solution:

      http://www.txlottery.org/export/sites/lottery/Documents/AllorNothingFAQ_061613.pdf

      "2. What changes can we expect when All or Nothing sales resume?
      A liability cap of $5 million for the top prize in the game has been proposed (see All or Nothing
      Game Rule Proposal). Currently, the top prize for All or Nothing is a guaranteed amount of
      $250,000. Under the proposed change,in any drawing where the number of top prize winners is
      greater than 20, the top prize will be paid on a pari-mutuel rather than fixed prize basis, and the
      liability cap of $5 million will be divided equally by the number of top prize winners. The
      practice of setting a liability cap is a common lottery industry practice for games that offer fixed
      prizes."

      When you own your own Buisness, 6 kids i hardly ever get out anymore LOL. Thanks for the link. Been buying tickets at ths place for a while. First time he said this to me

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        Krypton
        United States
        Member #140102
        March 11, 2013
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        Posted: July 21, 2013, 7:09 am - IP Logged

        Sux they CLAIM its a design issue. Come on, it's RANDOM right?  LOL

          Lucky Loser's avatar - bucks
          Texas
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          Member #86154
          January 30, 2010
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          Posted: July 21, 2013, 3:38 pm - IP Logged

          Yeah, they create a field to make it hard as hell to even win a couple of bucks and laugh at how much money they make off people trying. Okay, no problem. But, just because someone, or, people get very lucky and those odds favor them for a change doesn't constitute a need to retool the game. There's nothing wrong with the game as it's still gonna be extremely hard to win and they'll make a sh*t load of money off of it.

          This just spells out sore loser and GREED to me.

           

          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

            rcbbuckeye's avatar - Lottery-043.jpg
            Texas
            United States
            Member #55889
            October 23, 2007
            5615 Posts
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            Posted: July 21, 2013, 11:04 pm - IP Logged

            The issue wasn't that too many people were winning. There were only 29 jackpot winners so far. GTech noticed that many many players were playing all even or all odd, (me included), and if by chance the numbers draw were all even or all odd, the payout would have been tremendous. The state could not risk that. If you read the minutes of the last commissoner's meeting, you'll see that the commissioners were pretty unhappy about the game being stopped, because the game was very successful. A lot of people were playing and it was making money for the state, (which by the way is what the lottery is about). There was a high up official from GTech at the meeting and he was practically falling all over himself apoligizing and assuring nothing like this would ever, ever happen again.  LOL.

            The real problem was that GTech, and TLC didn't forsee that many people betting that way. So they will put a cap on the jackpot, and if it exceeds that cap, the jackpots ar parimutuel. Problem solved. PB and MM have the same thing to protect themselves.

            CAN'T WIN IF YOU'RE NOT IN

            A DOLLAR AND A DREAM (OR $2)