|Posted: December 2, 2013, 9:25 pm - IP Logged|
I meant all the games in general.
Take the Illinois Lucky Day Lotto for example and Northstar's EZ Match option- for another $1 you get a 'drawing' right on your ticket and if any of your five numbers match any of the EZ Match numbers you win $1 to $500.
The thing is, the odds against winning $500 on the EZ Match are 210,000 to 1 while the odds against winning the jackpot are 575,757 to one. (5/39 game)
I think most people here would just throw that exra dollar on another ticket.
I'm also thinking more people here are now playing PB than MM, except maybe the ones playing for $2M to $5M with the Megaplier.
Games like EZ Match is where the lottery industry seems to be headed. They double the price of a smaller jackpot game by adding more prizes. Since the Illinois Lottery is run by a private company, they will keep adding. One of these days they will have side bets on every possible pick-3 way.
"I think most people here would just throw that exra dollar on another ticket."
If the MM jackpot rolls someone will start a topic and/or poll asking "how many rolls" and there will be several variations of "how will you spend the winnings?". Active LP members should know the probabilities and you can get two MM tickets for same price as one PB ticket. Get out your calculator and divide 1 by 175,223,510 and 2 by 258,890,850; the result is the percentage chances a $2 wager will give you. A PB player must buy $3,504,470 worth of tickets just to get a 1% chance of winning the jackpot. A MM player must buy $2,588,909 worth of tickets.
How much will throwing an extra dollar on MM increase your chances?