PB or MM- Get rid of lower tier prizes in favor of larger top tiers (1-3)?Prev Topic Next Topic

New Topic New Poll

Romancandle

Upacreek
United States
Member #136,300
December 8, 2012
432 Posts
Offline

Aug 24, 2013, 1:45 pm

Would this be a terrible idea?

I play to win big... hard to get excited over a $4 or $2 payout, so why not eliminate six of the lower tier prizes ($2 to $150) and roll that savings into larger 2nd and 3rd tier wins for the game?

If you powerplay... bigger payouts at those top tiers.

-RC
haymaker

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

Aug 24, 2013, 2:17 pm

I think it's a great idea !

Who even remembers the small wins, could even reduce the number of unclaimed tix.

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

100

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

Aug 24, 2013, 2:25 pm

I have to disagree.

For most players, those small prizes are all they're ever going to win. Very few win those top prizes.

I think it could be a little disheartening to lose every single time you play for your whole life.

I think it would hurt participation.
MsNumberDreamer

North Carolina
United States
Member #145,684
August 11, 2013
259 Posts
Offline

Aug 24, 2013, 2:37 pm

Quote: Originally posted by Romancandle on Aug 24, 2013
Would this be a terrible idea?

I play to win big... hard to get excited over a $4 or $2 payout, so why not eliminate six of the lower tier prizes ($2 to $150) and roll that savings into larger 2nd and 3rd tier wins for the game?

If you powerplay... bigger payouts at those top tiers.

I don't know. I am a little split on this one. I see where it would be a great idea and even possibly bring in more sales because with PB and MM majority is after top prizes. However, there are alot of people that would be happy with $150 wins. I think they should cut out the 2, 4, and 7 dollars wins and replace them with larger amounts such as 25, 50, and 150 dollar wins. I can't say I would be too sad to win 25 back and be able to play it on another large JP but I am always very disappointed to just get a 2 dollar amount back.

To God be the glory...

When you're winning you're being blessed by Him!
tnlotto1

nashville
United States
Member #49,894
February 18, 2007
1,181 Posts
Offline

Aug 24, 2013, 3:54 pm

Quote: Originally posted by rdgrnr on Aug 24, 2013
I have to disagree.

For most players, those small prizes are all they're ever going to win. Very few win those top prizes.

I think it could be a little disheartening to lose every single time you play for your whole life.

I think it would hurt participation.

You are right a lifelong losing streak would be depressing. The small prize wins are at least a sliver of hope.
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Aug 24, 2013, 5:36 pm

Quote: Originally posted by Romancandle on Aug 24, 2013
Would this be a terrible idea?

I play to win big... hard to get excited over a $4 or $2 payout, so why not eliminate six of the lower tier prizes ($2 to $150) and roll that savings into larger 2nd and 3rd tier wins for the game?

If you powerplay... bigger payouts at those top tiers.

Everyone play hoping to win big but that doesn't mean the players who brought the 175M minus one tickets that didn't win the jackpot would be happy winning nothing. I doubt if many people would play a game where the overall odds of winning anything was 1:175M

* you don't need to buy every combination, just the winning ones *
lottolaughs

Sunny California
United States
Member #40,294
May 31, 2006
9,088 Posts
Offline

Aug 24, 2013, 5:44 pm

In my opinion they should ALL be lower prizes so MORE people could win,period. I'd much rather see hundreds of people win a few hundred or a thousand dollars than $2. I'd much rather see 100 people win a million dollars each than 1 person win $100 million. But people are greedy and want to win BIG. Well, who doesn't? Or,more to the point,who DOES? So very very few. I don't think most people would scoff at winning a thousand dollars after years of playing and only winning $4.00.

Spread the wealth.
Ronnie316

100

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

Aug 24, 2013, 5:55 pm

Quote: Originally posted by RJOh on Aug 24, 2013
Everyone play hoping to win big but that doesn't mean the players who brought the 175M minus one tickets that didn't win the jackpot would be happy winning nothing. I doubt if many people would play a game where the overall odds of winning anything was 1:175M

People like to see the word "winner" when they scan their tickets.
Ronnie316

100

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

Aug 24, 2013, 5:56 pm

Quote: Originally posted by lottolaughs on Aug 24, 2013
In my opinion they should ALL be lower prizes so MORE people could win,period. I'd much rather see hundreds of people win a few hundred or a thousand dollars than $2. I'd much rather see 100 people win a million dollars each than 1 person win $100 million. But people are greedy and want to win BIG. Well, who doesn't? Or,more to the point,who DOES? So very very few. I don't think most people would scoff at winning a thousand dollars after years of playing and only winning $4.00.

Spread the wealth.

If I wanted to win $500 I would play pick 3.
Ronnie316

100

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

Aug 24, 2013, 6:02 pm

Quote: Originally posted by Romancandle on Aug 24, 2013
Would this be a terrible idea?

I play to win big... hard to get excited over a $4 or $2 payout, so why not eliminate six of the lower tier prizes ($2 to $150) and roll that savings into larger 2nd and 3rd tier wins for the game?

If you powerplay... bigger payouts at those top tiers.

I have always thought that it would be very easy for the big jackpot games to cut away a $1-2million from each drawing and give a $100k prize to 10-20 people on a random basis.
maringoman

Massachusetts
United States
Member #37,432
April 14, 2006
2,747 Posts
Offline

Aug 24, 2013, 6:39 pm

Quote: Originally posted by lottolaughs on Aug 24, 2013
In my opinion they should ALL be lower prizes so MORE people could win,period. I'd much rather see hundreds of people win a few hundred or a thousand dollars than $2. I'd much rather see 100 people win a million dollars each than 1 person win $100 million. But people are greedy and want to win BIG. Well, who doesn't? Or,more to the point,who DOES? So very very few. I don't think most people would scoff at winning a thousand dollars after years of playing and only winning $4.00.

Spread the wealth.

The game you seem to wish for is like a national raffle that several people here at LP have proposed over time. It would be great if there was a giant raffle where they would sell maybe 100M tickets at $1 each and then the raffle would be drawn and mint out 50 winners getting $1M each. The odds to win $1M would be 1:2,000,000 under this scenario. Those are terrific odds. Maybe do the drawing every 1'st of the month. I most definately would play that.

That money's gone fo ever

Jon D

Los Angeles, California
United States
Member #103,809
January 5, 2011
1,530 Posts
Offline

Aug 24, 2013, 7:45 pm

Quote: Originally posted by Romancandle on Aug 24, 2013

Would this be a terrible idea?

I play to win big... hard to get excited over a $4 or $2 payout, so why not eliminate six of the lower tier prizes ($2 to $150) and roll that savings into larger 2nd and 3rd tier wins for the game?

If you powerplay... bigger payouts at those top tiers.

Careful what u ask for, you might not like it.

If you keep the same percentage of PB sales (18.02%) allocated for the 2nd-9th prizes, and then eliminate the bottom 6 tiers, this is what you can get:

_	Powerball 2nd-3rd	$2
Percent	Prizes	Odds 1 in	Match
10.32%	$1,064,000	5,153,633	5 of 5
7.70%	$100,000	648,976	4 + PB

So you can get a $100,000 3rd prize, and increase the 2nd prize to a whopping $1,064,000!

For that privilege, most people will never ever win any prize in their lifetime, unless they're spending over a million dollars on PB. Bad trade.

Current PB for reference:

_	Powerball 2nd-9th	$2
Percent	Prizes	Odds 1 in	Match
9.70%	$1,000,000	5,153,633	5 of 5
0.77%	$10,000	648,976	4 + PB
0.26%	$100	19,088	4 of 5
0.41%	$100	12,245	3 + PB
0.97%	$7	360	3 of 5
0.50%	$7	706	2 + PB
1.81%	$4	111	1 + PB
3.66%	$4	55	PB

Coin Toss

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

Aug 24, 2013, 8:00 pm

Quote: Originally posted by rdgrnr on Aug 24, 2013
I have to disagree.

For most players, those small prizes are all they're ever going to win. Very few win those top prizes.

I think it could be a little disheartening to lose every single time you play for your whole life.

I think it would hurt participation.

I agree with rdgrnr on this and let me also add that I don't think even those running the lotteries would go for the idea of eliminating the lower tier prizes. They know that players like the occassional bone no matter how small, and that most of the money in those lower tier payouts goes right back into more lottery tickets.

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.
Romancandle

Upacreek
United States
Member #136,300
December 8, 2012
432 Posts
Offline

Aug 24, 2013, 8:52 pm

(all) Very good points...

Joh D. -Yikes... that didn't work out the way I thought it might

Cointoss - I forgot about "feeding the machine" with the lower tier wins... yeah, the lottery does not want to kill that concept

-RC
savagegoose

adelaide sa
Australia
Member #37,135
April 11, 2006
3,341 Posts
Offline

Aug 25, 2013, 7:11 am

personally id drop the lowest 3 prizes, as the win amount isnt something you can celebrate with any how, and add the money to all the other except jackpot.

" Still swinging, still missing "
2014 = -1016; 2015= -1409; 2016 = -1171; 2017 = -1257 ; 2018 = - 1380 = TOT = - 6233

keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223 TOT = -3968

:

New Topic New Poll

Subscribe to this topic

PB or MM- Get rid of lower tier prizes in favor of larger top tiers (1-3)?Prev TopicNext Topic

PB or MM- Get rid of lower tier prizes in favor of larger top tiers (1-3)?Prev Topic Next Topic