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Author Topic: New TPiR Instant Lottery Ticket...  (Read 5259 times)

BrandonFG

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New TPiR Instant Lottery Ticket...
« Reply #15 on: March 04, 2009, 06:28:08 PM »
[quote name=\'Joe Mello\' post=\'209525\' date=\'Mar 4 2009, 06:08 PM\']
So what's your analysis of, say, the $25 scratcher?
[/quote]
"It stinks."
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bwood

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New TPiR Instant Lottery Ticket...
« Reply #16 on: March 04, 2009, 06:32:23 PM »
Played the Ohio $5 ticket, won $10. Not bad.
It's just a "match your number to ours to win" type ticket, nothing fancy (no pricing game tie-ins, etc.). However, non-winners can be sent in to win a prize package to Vegas show like previously stated, and all you gotta do is fill out your info and slap a stamp on it and it's ready to go like a postcard. Not too shabby.

clemon79

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New TPiR Instant Lottery Ticket...
« Reply #17 on: March 04, 2009, 06:42:41 PM »
[quote name=\'Modor\' post=\'209522\' date=\'Mar 4 2009, 02:51 PM\']
The house edge on a single zero roulette wheel is 2.7%.  On an American roulette wheel, its nearly double at 5.28%.  So, despite your claim to the contrary, it does make a difference.[/quote]
I know I don't need to tell you that the house edge doubles because the house collects on any bet that doesn't involve the 0 or 00 (in other words, all but, what, 9 of the 150 or so bets?) when one of those come up and has not one thing to do with the single-number bet to which I referred, which is in fact a .07% difference between a Euro wheel and an American one.
Quote
I could attempt to present more evidence, but you'd sit there and believe that you're correct regardless, so I won't.
The math is actually really easy, and right there on the page I linked to. If you bought up every single one of the 780,000 tickets at $10 a throw (for a total of $7,800,000), you would win every prize, which totals up to $6,488,900. Which works out to a house edge of just a hair under 17%. Which is actually closer than I thought the two would be, but still not really comparable.
« Last Edit: March 04, 2009, 10:04:20 PM by clemon79 »
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Joe Mello

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New TPiR Instant Lottery Ticket...
« Reply #18 on: March 04, 2009, 07:59:19 PM »
[quote name=\'fostergray82\' post=\'209528\' date=\'Mar 4 2009, 06:28 PM\']
[quote name=\'Joe Mello\' post=\'209525\' date=\'Mar 4 2009, 06:08 PM\']
So what's your analysis of, say, the $25 scratcher?[/quote]
"It stinks."[/quote]
"Hey, that's my line."
« Last Edit: March 04, 2009, 07:59:46 PM by Joe Mello »
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