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Powerball Matrix Change - April 15, 2015

Topic closed. 227 replies. Last post 2 years ago by weshar75.

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Wyomissing, PA
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November 15, 2014
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Posted: December 12, 2014, 5:46 pm - IP Logged

Regardless of the exact details, your posts are very helpful. Smiley  Many, including myself, had no idea Powerball matrix was changing until seeing this thread.

Wish Powerball or some other large jackpot game would go for lower odds at a higher price-point. Some players justify spending the extra dollar on Powerball due to the better odds of hitting the jackpot, and likewise with 2nd place, verses Mega Millions. If both games end up having similar odds, Mega Millions may pick up some players due to its lower price-point. Though I see a more likely scenario of many players cutting back on both PB and MM. Choking the golden goose.

Assuming the info about the multiplier being included at the $2 ticket price is correct, then my hunch is the multiplier applies to 3rd tier prizes and lower, just like now. While the Power Up also multiplies the 2nd tier $1 million dollar prize from $2 - $10 million. That actually makes sense, though will be confusing to some players.

    LottoMetro's avatar - Lottery-024.jpg
    Happyland
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    Posted: December 12, 2014, 5:51 pm - IP Logged

    Regardless of the exact details, your posts are very helpful. Smiley  Many, including myself, had no idea Powerball matrix was changing until seeing this thread.

    Wish Powerball or some other large jackpot game would go for lower odds at a higher price-point. Some players justify spending the extra dollar on Powerball due to the better odds of hitting the jackpot, and likewise with 2nd place, verses Mega Millions. If both games end up having similar odds, Mega Millions may pick up some players due to its lower price-point. Though I see a more likely scenario of many players cutting back on both PB and MM. Choking the golden goose.

    Assuming the info about the multiplier being included at the $2 ticket price is correct, then my hunch is the multiplier applies to 3rd tier prizes and lower, just like now. While the Power Up also multiplies the 2nd tier $1 million dollar prize from $2 - $10 million. That actually makes sense, though will be confusing to some players.

    Glad to share! I am always interested in this stuff and know that everyone here likes to stay informed Cheers

    While the Power Up also multiplies the 2nd tier $1 million dollar prize from $2 - $10 million. That actually makes sense, though will be confusing to some players.

    Well, Power Up doesn't multiply the $1 million prize. The PU payout table clearly shows that the first prize is $10 million (regardless of multiplier), and that the second prize is $500K (again regardless of multiplier). Similar to the base game, the multiplier doesn't kick in until the third tier and below.

    Now you can see why I have thought it is a separate drawing; both the base game AND Power Up have a prize matrix featuring the multiplier, but PU base prizes are different and therefore multiplied differently (compare the PU prizes in this post to the base prizes in this one to see what I mean).

    The fact this is confusing even me should be saying something LOL

    If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
    If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

    2017: 0% (0 tickets)
    P&L % = Total Win($)/Total Wager($) - 1

      joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

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      Posted: December 12, 2014, 6:17 pm - IP Logged

      I was like Wait a sec, 2nd draw? That sounds more like some sort of raffle?

      Your right this 2nd draw chance thing is confusing even me.

      I don't like them removing current amount that goes to jackpot prize pool!

      I think there taking money away form base game to pay for 3 dollar Multiplier  game + 2nd whatever draw. NOT COOL to steal form base game to pay for the 1 dollar add on game.

       

      Now I do like bigger jackpots...

      I always been on side of inflation  will always happens  and you should never fight it. Same goes for jackpot fatigue.  It's better to just go with the flow and not fight it. A billion dollar jackpot will bring in the cash.

      No bees, no honey.

        LottoMetro's avatar - Lottery-024.jpg
        Happyland
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        Posted: December 12, 2014, 6:21 pm - IP Logged

        I was like Wait a sec, 2nd draw? That sounds more like some sort of raffle?

        Your right this 2nd draw chance thing is confusing even me.

        I don't like them removing current amount that goes to jackpot prize pool!

        I think there taking money away form base game to pay for 3 dollar Multiplier  game + 2nd whatever draw. NOT COOL to steal form base game to pay for the 1 dollar add on game.

         

        Now I do like bigger jackpots...

        I always been on side of inflation  will always happens  and you should never fight it. Same goes for jackpot fatigue.  It's better to just go with the flow and not fight it. A billion dollar jackpot will bring in the cash.

        It does sound like a raffle but according to the rules documents, the odds of winning each of the PU prizes are identical to their respective base game counterparts.

        They're not taking any money from the base game.....it is still 50% payout. PU sales fund the PU prizes. What they are doing is lowering jackpot allocation and raising allocation for lower prizes. This is necessary since the included multiplier actually increases the expected value of lower prizes.

        POWERBALL (NEW)
        CategoryPrizePrize PoolSales
        First Prize Jackpot61.45%30.73%
        Second Prize$1,000,00010.84%5.42%
        Third Prize$10,0002.87%1.44%
        Fourth Prize$1000.89%0.45%
        Fifth Prize$1001.72%0.86%
        Sixth Prize$73.74%1.87%
        Seventh Prize$72.37%1.19%
        Eighth Prize$24.91%2.46%
        Ninth Prize$211.20%5.60%
        Total -100.00%50.00%

         

        POWER UP (NEW)
        CategoryPrizePrize PoolSales
        First Prize$10,000,0006.99%3.49%
        Second Prize$500,00010.84%5.42%
        Third Prize$15,0008.61%4.30%
        Fourth Prize$1502.67%1.33%
        Fifth Prize$1505.16%2.58%
        Sixth Prize$1010.67%5.34%
        Seventh Prize$106.77%3.38%
        Eighth Prize$314.73%7.36%
        Ninth Prize$333.57%16.79%
        Total-100.00%50.00%

        Edit:

        As per one of my corrections, multiplier IS included in $2.00 ticket.

        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
        If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

        2017: 0% (0 tickets)
        P&L % = Total Win($)/Total Wager($) - 1

          joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

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          Posted: December 12, 2014, 6:29 pm - IP Logged

          LottoMetro, " This is necessary since the included multiplier actually increases the expected value of lower prizes."

           

          Sense you only get the multiplier value form buying 1 dollar addon!

          It is in fact, stealing jackpot to pay for 1 dollar addon!

          People who play the base 2 dollar game don't have access to multiplier correct?

          Multiplier has never been apart of base game, that has been the 1 dollar addon thing.

          So that means a 1 dollar add on is taking money form jackpot!

          If am mistaken, by all means tell me how that is not stealing form the base game.

           

          I sure hate the fact it will have the effect of  making the jackpot prize  grow slower and think it's foolish to do this.

          High sales come form big jackpots, slowing it's growth to pay for the 1 dollar addon game is  a very stupid decision.

          Higher Odds is a good thing for bigger jackpots!  But stealing money form the prize pool of jackpot is counterproductive!

          No bees, no honey.

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            Wyomissing, PA
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            Posted: December 12, 2014, 6:33 pm - IP Logged

            Wow, it's more confusing than I thought. The concept itself isn't, but the implementation appears overly convoluted. Basically, there are two separate prize matrices. Both of which allow for lower tier prizes to be multiplied.

            In the default matrix, 3rd tier and lower are multiplied with 2nd prize fixed at $1 million.

            The Power Up matrix, costing $1 extra, has higher payout amounts for the various lower tiers, which too can be multiplied, with 2nd prize fixed at $10 million and 3rd prize fixed at $500,000.

            Who comes up with this stuff. These games are getting too intricate for players. Though, it's understandable why game designers are doing this, so as to further mask the lousy payout percentages, which generally are in the 50% range, at best, for numbers games.

              THRIFTY's avatar - great seal_obverse.jpg
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              Posted: December 12, 2014, 6:36 pm - IP Logged

              I was like Wait a sec, 2nd draw? That sounds more like some sort of raffle?

              Your right this 2nd draw chance thing is confusing even me.

              I don't like them removing current amount that goes to jackpot prize pool!

              I think there taking money away form base game to pay for 3 dollar Multiplier  game + 2nd whatever draw. NOT COOL to steal form base game to pay for the 1 dollar add on game.

               

              Now I do like bigger jackpots...

              I always been on side of inflation  will always happens  and you should never fight it. Same goes for jackpot fatigue.  It's better to just go with the flow and not fight it. A billion dollar jackpot will bring in the cash.

              TIME IS MONEY. Playing for bigger lottery jackpots is a great way of beating inflation.

              US Flag

              PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                THRIFTY's avatar - great seal_obverse.jpg
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                Posted: December 12, 2014, 6:41 pm - IP Logged

                LottoMetro, " This is necessary since the included multiplier actually increases the expected value of lower prizes."

                 

                Sense you only get the multiplier value form buying 1 dollar addon!

                It is in fact, stealing jackpot to pay for 1 dollar addon!

                People who play the base 2 dollar game don't have access to multiplier correct?

                Multiplier has never been apart of base game, that has been the 1 dollar addon thing.

                So that means a 1 dollar add on is taking money form jackpot!

                If am mistaken, by all means tell me how that is not stealing form the base game.

                 

                I sure hate the fact it will have the effect of  making the jackpot prize  grow slower and think it's foolish to do this.

                High sales come form big jackpots, slowing it's growth to pay for the 1 dollar addon game is  a very stupid decision.

                Higher Odds is a good thing for bigger jackpots!  But stealing money form the prize pool of jackpot is counterproductive!

                COMMUNISTS ARE RUNNING THE USA LOTTERY INDUSTRY.LOL

                US Flag

                PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                  LottoMetro's avatar - Lottery-024.jpg
                  Happyland
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                  Posted: December 12, 2014, 6:48 pm - IP Logged

                  Wow, it's more confusing than I thought. The concept itself isn't, but the implementation appears overly convoluted. Basically, there are two separate prize matrices. Both of which allow for lower tier prizes to be multiplied.

                  In the default matrix, 3rd tier and lower are multiplied with 2nd prize fixed at $1 million.

                  The Power Up matrix, costing $1 extra, has higher payout amounts for the various lower tiers, which too can be multiplied, with 2nd prize fixed at $10 million and 3rd prize fixed at $500,000.

                  Who comes up with this stuff. These games are getting too intricate for players. Though, it's understandable why game designers are doing this, so as to further mask the lousy payout percentages, which generally are in the 50% range, at best, for numbers games.

                  Who comes up with this stuff. These games are getting too intricate for players. Though, it's understandable why game designers are doing this, so as to further mask the lousy payout percentages, which generally are in the 50% range, at best, for numbers games.

                  People trying to justify their salary! Based on my experience and learning from conferences and meetings, this industry is riddled with waste, greed, and ignorance. The vendors practically operate a monopoly and the lotteries are more than happy to accept whatever sham they develop for them, as long as it promises big profits. They are completely out of tune with what players want and what players are really willing to pay for. Instead, they try to "trick" players and it just won't work.

                  If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                  If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                  2017: 0% (0 tickets)
                  P&L % = Total Win($)/Total Wager($) - 1

                    THRIFTY's avatar - great seal_obverse.jpg
                    NEW YORK
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                    April 29, 2010
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                    Posted: December 12, 2014, 6:50 pm - IP Logged

                    Wow, it's more confusing than I thought. The concept itself isn't, but the implementation appears overly convoluted. Basically, there are two separate prize matrices. Both of which allow for lower tier prizes to be multiplied.

                    In the default matrix, 3rd tier and lower are multiplied with 2nd prize fixed at $1 million.

                    The Power Up matrix, costing $1 extra, has higher payout amounts for the various lower tiers, which too can be multiplied, with 2nd prize fixed at $10 million and 3rd prize fixed at $500,000.

                    Who comes up with this stuff. These games are getting too intricate for players. Though, it's understandable why game designers are doing this, so as to further mask the lousy payout percentages, which generally are in the 50% range, at best, for numbers games.

                    The lottery has saturated the market with many lottery games to hide the fact that 50% payback in prizes to players has been a bad deal.

                    US Flag

                    PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                      THRIFTY's avatar - great seal_obverse.jpg
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                      Posted: December 12, 2014, 6:56 pm - IP Logged

                      Who comes up with this stuff. These games are getting too intricate for players. Though, it's understandable why game designers are doing this, so as to further mask the lousy payout percentages, which generally are in the 50% range, at best, for numbers games.

                      People trying to justify their salary! Based on my experience and learning from conferences and meetings, this industry is riddled with waste, greed, and ignorance. The vendors practically operate a monopoly and the lotteries are more than happy to accept whatever sham they develop for them, as long as it promises big profits. They are completely out of tune with what players want and what players are really willing to pay for. Instead, they try to "trick" players and it just won't work.

                      Lottery players want the lottery to pay back more than 50% prizes.

                       

                      Don't casinos pay back 90% in prizes to players?

                      US Flag

                      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                        p4wanbi's avatar - Lottery-062.jpg
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                        Posted: December 12, 2014, 6:56 pm - IP Logged

                        Do you work for the lottery LottoMetro? You sound like a lottery head or some sort.

                        playing what can be afforded...spend half of what was reclaimed.

                          LottoMetro's avatar - Lottery-024.jpg
                          Happyland
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                          Posted: December 12, 2014, 7:05 pm - IP Logged

                          Do you work for the lottery LottoMetro? You sound like a lottery head or some sort.

                          It's probably better if I don't answer that Wink

                          But I will say I am not bound by any agreement that prohibits me from discussing subjects I post on LP.

                          All the information I provide is public, although some stuff I allude to is not and other stuff is hard to find.

                          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                          2017: 0% (0 tickets)
                          P&L % = Total Win($)/Total Wager($) - 1

                            THRIFTY's avatar - great seal_obverse.jpg
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                            Posted: December 12, 2014, 7:07 pm - IP Logged

                            LottoMetro are you the Dragon Lady ( Rebecca Paul Hargrove )?

                            US Flag

                            PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                              LottoMetro's avatar - Lottery-024.jpg
                              Happyland
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                              Posted: December 12, 2014, 7:08 pm - IP Logged

                              LottoMetro are you the Dragon Lady ( Rebecca Paul Hargrove )?

                              She's the Dragon Lady? I thought that was someone else. LOL

                              No, I am not her. Isn't that someone who players dislike? I think she's hilarious.

                              If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                              If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                              2017: 0% (0 tickets)
                              P&L % = Total Win($)/Total Wager($) - 1

                                 
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