|Posted: May 31, 2003, 12:15 pm - IP Logged|
Casinos versus Lottery:
Certainly the "chances" are not different. The chances are based on the game you play.
The major difference is certainly the pay-out. Having the state trying to use teh lottery to get extensive money (e.g .50 % of the amount) for education or whatever the major reason for the lottery is, the casino is counting on volume and in some is fine with keeping only 5% or 10% of the amount played.
It is of course not so easy to compare because usually the games are different. Now with some online places offering bets on Daily Numbers it becomes easier:
Here a comparison:
State Lottery: e.g . Washington State Lottery
Straight $1: $500 in the PICK 3 Daily Game. (Chances 1 in 1000)
Boxed $1: $80 for singles, $160 for doubles
Casino Lottery: e. g. CaribSports Casino
Straight $1: $600 in the PICK 3 Washington Daily Game. (Chances 1 in 1000). When play five times in a row. $700.
Boxed $1: $100 for singles, $200 for doubles.
So the pay-out is higher even in an Online Casino.
There are of course many advantages of playing in an Online Casino, you can all States, you don't have to go anywhere to play, you apparently can potentially win more and so on and so on.
That is all fine. But I think one major problem is, who are you supporting? If you play locally in your own State you are supporting it, with your money obviously:
In Washington for example the lottery contributes to the Student Achievement Fund, Education Construction Fund, and State General Fund. Basically Schools and such.
I guess that's the main decision the player was to make, contribute or gamble.
My thoughts. Good Luck