Welcome Guest
Log In | Register )
You last visited January 22, 2017, 5:12 pm
All times shown are
Eastern Time (GMT-5:00)

Now that both PB and MM have ~$40M jackpots

Topic closed. 22 replies. Last post 2 years ago by RJOh.

Page 1 of 2
51
PrintE-mailLink
RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19902 Posts
Offline
Posted: March 15, 2015, 1:55 pm - IP Logged

Now that both PB and MM are starting the week with almost identical jackpots and very similar odds of winning MUSL will get a chance to see if ticket prices really matter.

For me it does and I will only be buying MM tickets since I'll get twice as many chances for the same price and better overall odds of winning something.

 * you don't need to buy more tickets, just buy a winning ticket * 
   
             Evil Looking       

    Avatar

    United States
    Member #145267
    August 1, 2013
    1732 Posts
    Offline
    Posted: March 15, 2015, 2:01 pm - IP Logged

    Now states that normally buy more tickets will buy even more tickets than normal.

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19902 Posts
      Offline
      Posted: March 15, 2015, 2:14 pm - IP Logged

      Now states that normally buy more tickets will buy even more tickets than normal.

      The last time PB jackpot was at $40M, they sold $29,011,614 worth of tickets, I think they will sell a lot less for next Wednesday drawing.

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       

        Avatar

        United States
        Member #145267
        August 1, 2013
        1732 Posts
        Offline
        Posted: March 15, 2015, 2:30 pm - IP Logged

        You might be right, I was thinking also that more money will go into MM from the high spending states.

          rcbbuckeye's avatar - Lottery-043.jpg
          Texas
          United States
          Member #55889
          October 23, 2007
          5765 Posts
          Offline
          Posted: March 15, 2015, 2:34 pm - IP Logged

          I'm buying one ticket for MM and one ticket for PB. I always megaply MM, and this time I'm going to powerplay PB, which I rarely do, but since the jackpots are not very high, I'll shoot for second prize of at least $2 million.

          CAN'T WIN IF YOU'RE NOT IN

          A DOLLAR AND A DREAM (OR $2)

            MaximumMillions's avatar - Lottery-013.jpg

            Germany
            Member #164603
            March 8, 2015
            641 Posts
            Offline
            Posted: March 15, 2015, 3:00 pm - IP Logged

            I think it will level off. PB is higher wager but better odds, MM is lower wager and lower/worse odds.

            They will start growing slowly, but the PB will grow faster and people will switch over when the MM jackpot is lagging behind.

              maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
              Massachusetts
              United States
              Member #37433
              April 14, 2006
              2747 Posts
              Offline
              Posted: March 15, 2015, 3:01 pm - IP Logged

              I'm playing both because I got a line for each game covering 7 advance draws (max allowed in MA). If I was forced to choose between the two I'd choose PB. It churns out more millionaires than any other game in the US.

              That money's gone fo ever

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19902 Posts
                Offline
                Posted: March 15, 2015, 3:18 pm - IP Logged

                I play either depending which one offers the best value for its jackpot size and play neither when the local game offers a better value than either.

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

                  HoLeeKau's avatar - YheaShea
                  Idaho
                  United States
                  Member #94283
                  July 17, 2010
                  2284 Posts
                  Offline
                  Posted: March 15, 2015, 3:19 pm - IP Logged

                  I'm playing both because I got a line for each game covering 7 advance draws (max allowed in MA). If I was forced to choose between the two I'd choose PB. It churns out more millionaires than any other game in the US.

                  That's what I was thinking because I'd be happy with a million.

                  I need to check the odds again.  Are odds for 2nd place better with 2 Megas than one Powerball?

                    Guru101's avatar - rw6jhh
                    Indiana
                    United States
                    Member #48725
                    January 7, 2007
                    1958 Posts
                    Offline
                    Posted: March 15, 2015, 3:47 pm - IP Logged

                    I haven't played either MM or PB that much lately. If either one starts getting up there, I might buy a ticket or two, but I don't like to spend more than $10 per week on the lottery, so I usually spend $5 on Wednesday and $5 on Saturday on Hoosier Lotto. Hoosier Lotto is $11M and since Hoosier Lotto doesn't have a very good cash option I would take the annuity. Here are the 30 payments I would be looking at if I win on Wednesday(before taxes).

                    01) 196,131.09
                    02) 203,976.33
                    03) 212,135.39
                    04) 220,620.80
                    05) 229,445.64
                    06) 238,623.46
                    07) 248,168.40
                    08) 258,095.13
                    09) 268,418.94
                    10) 279,155.70
                    11) 290,321.93
                    12) 301,934.80
                    13) 314,012.20
                    14) 326,572.68
                    15) 339,635.59
                    16) 353,221.01
                    17) 367,349.85
                    18) 382,043.85
                    19) 397,325.60
                    20) 413,218.63
                    21) 429,747.37
                    22) 446,937.27
                    23) 464,814.76
                    24) 483,407.35
                    25) 502,743.64
                    26) 522,853.39
                    27) 543,767.52
                    28) 565,518.22
                    29) 588,138.95
                    30) 611,664.51
                    Total: $11,000,000.00

                    As you can see, anyone with those kind of payments could live a pretty good lifestyle. You could probably even finance a million dollar home if you played your cards right.

                    Gonna win.Big Smile

                      maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                      Massachusetts
                      United States
                      Member #37433
                      April 14, 2006
                      2747 Posts
                      Offline
                      Posted: March 15, 2015, 4:04 pm - IP Logged

                      That's what I was thinking because I'd be happy with a million.

                      I need to check the odds again.  Are odds for 2nd place better with 2 Megas than one Powerball?

                      The MM odds for matching 5 of 5 white balls are ~1:18.5M

                      The PB odds for matching 5 of 5 yellow balls are ~1:5.2M

                      It's easy to see why PB is the go to game if you can afford $2

                      That money's gone fo ever

                        THRIFTY's avatar - great seal_obverse.jpg
                        NEW YORK
                        United States
                        Member #90535
                        April 29, 2010
                        12118 Posts
                        Offline
                        Posted: March 15, 2015, 5:57 pm - IP Logged

                        Now that both PB and MM are starting the week with almost identical jackpots and very similar odds of winning MUSL will get a chance to see if ticket prices really matter.

                        For me it does and I will only be buying MM tickets since I'll get twice as many chances for the same price and better overall odds of winning something.

                        Mega Millions and Powerball are worth playing above $100 Million annuity.

                        US Flag

                        PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                          Droptop6969's avatar - DSCF1040
                          209 Modesto, California
                          United States
                          Member #162967
                          January 15, 2015
                          40 Posts
                          Offline
                          Posted: March 15, 2015, 7:42 pm - IP Logged

                          Me and My pops only play MM,  MM will grow faster I think

                            RJOh's avatar - chipmunk
                            mid-Ohio
                            United States
                            Member #9
                            March 24, 2001
                            19902 Posts
                            Offline
                            Posted: March 15, 2015, 7:54 pm - IP Logged

                            The MM odds for matching 5 of 5 white balls are ~1:18.5M

                            The PB odds for matching 5 of 5 yellow balls are ~1:5.2M

                            It's easy to see why PB is the go to game if you can afford $2

                            Odds of matching PB 5 of 5 are 1:$10.3M spent
                            Odds of matching MM 5 of 5 are 1:$18.5M spent

                            PB may have better odds of matching 5 of 5 but they are only twice as good when you consider the price of the tickets.  That's probably why PB is planning to change its matrix next month.

                             * you don't need to buy more tickets, just buy a winning ticket * 
                               
                                         Evil Looking       

                              Coin Toss's avatar - shape barbed.jpg
                              Zeta Reticuli Star System
                              United States
                              Member #30470
                              January 17, 2006
                              10392 Posts
                              Offline
                              Posted: March 15, 2015, 9:40 pm - IP Logged

                              This is a temporary situation, if no one hits MM Tuesday it will increase less than PB will if no one hits it Wednesday.

                              Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                              Lep

                              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.