So I Bought a Whole Roll
March 30, 2015
|Posted: March 30, 2015, 9:47 pm - IP Logged|
I bought a whole roll of Lady Jumbo Bucks ($3) and won 28 out of 100 tickets for a total of $178. I lost $82 :( I cashed in $40 off of some other scratchers I got today and ended up only paying $260. This sucks. The odds were good (1:3.69) and less than half the prizes were claimed.
November 12, 2009
|Posted: April 1, 2015, 12:28 pm - IP Logged|
August 6, 2003
|Posted: April 18, 2015, 6:50 pm - IP Logged|
sounds about right. what was the minimum amount of winners in the pack (as guaranteed by the lottery)?
April 14, 2015
|Posted: April 24, 2015, 10:25 pm - IP Logged|
I buy books of tickets all the time. Your expected value back from a book is usually 50-70% depending on the ticket price. Unless you hit a big one you will usually always lose buying a book. When I buy a book for 30 $20 tickets I usually know I am going to lose $250. I am willing to risk that $250 going after a top prize. Only play books where ALL of the top prizes are still unclaimed or a higher percentage are out there in relation to tickets sold. This will slightly tick up your EV if you ever hit a big one. Good luck. Nothing wrong with buying a book. You gotta be in it to win it!
May 18, 2015
|Posted: May 18, 2015, 3:35 am - IP Logged|
It has been a while i bought a whole roll or the book at a raffle. I had bagged the second prize and a consolation gift and lost about $80 on the whole. Since then I quit buying books of tickets and choose specific numbers. But there is a cuz who still buys books quite often and we play syndicate in good anticipation sometimes.