Pick Your Own Price Lottery

Reply #19

pumpi76 — Sun, 05 Jul 2009 23:59:47 GMT

The reason why i think it didn't work is because i bet it was quick pick only that you could choose plus it wasn't ball drawn...Not only that it plays everyday and a game using lose change that is played everyday will not pick up altitute that's fact...It should had been let played once a week or twice a week....Not only that but i noticed that in certain rich states 25 cents is viewed as something low it will not surprise me if people saw playing a 25 cents lottery as beging for money where the... [ More ]

Reply #18

bashley572 — Sat, 04 Jul 2009 11:18:10 GMT

I agree with RJOh's statement of

This idea may have to wait until a totally self-service lottery machine comes on line and works.

Only way it could work.

Reply #17

RJOh — Fri, 03 Jul 2009 18:14:48 GMT

Michigan had a game like this.

The key word is had. From the Michigan website.

October 14, 2002 - Change Play tickets, a revolutionary idea in the lottery industry, go on sale at retailers statewide. Change Play allows players to use loose change from any purchase to buy a chance to win thousands of dollars. For any amount between 25 and 99 cents, players can buy Change Play tickets, which are computer-generated, easy pick tickets. Six winning tickets are randomly selected in a computerize... [ More ]

Reply #16

Think — Fri, 03 Jul 2009 16:15:50 GMT

Michigan had a game like this. It was called CHANGE PLAY and you could bet anywhere form

1 cent to 99 cents and the jackpot was split by each bet amount.

Reply #15

pumpi76 — Fri, 03 Jul 2009 16:09:56 GMT

when i said:

like 5 years ago here in LP i suggested why don't they create a Powerball that cost 25 cents and people win 25% [1/4th] of the current jackpot of Powerball which back then was 12 million so 1/4 will be 3 million... ....

i was reffering to a flat rate kind of thing, a flat jackpot...I was thinking of 3 million all the time without jackpots rolling over...

Call it the Jr Powerball ....

Reply #14

Raven62 — Fri, 03 Jul 2009 12:06:18 GMT

Imagine That: The MM or PB is at $200M and you just finished cranking out your combinations (300).

Instead of costing you $300 to play all your combinations it would cost you $75 for a shot at 25% (50M) of the Jackpot.

Would the Lotteries go for this: Doubtful

Reply #13

four4me — Fri, 03 Jul 2009 03:56:40 GMT

I don't think penny play would work out well for the seller or the lottery the sellers work on a commission for every ticket the sell. Retailers commission is already say 5 cents a ticket what would they receive on a penny sale 1/10 of a percent and the line of customers at the counter could go around a block.

Reply #12

BobP — Fri, 03 Jul 2009 03:41:42 GMT

Besides, if a 100 or a 1000 line wheel could make money at a penny a line, it could make money at a dollar a line. RJOh

Even if you could buy all the millions of combinations to guarantee a win the payoff would be roughly half the amount invested, except for some rollovers and then there's the risk of multiple winners.

Where it would get interesting, that hundred dollar LottoTrix wheel would be a dollar to play, that 120-160 line Ken Silver wheel would cost $1.20 to $1.60 to play, et... [ More ]

Reply #11

RJOh — Thu, 02 Jul 2009 22:40:41 GMT

What retailer would want to take one cent plays. Funny the clubs want that action, maybe there could be a minimum play amount, like one dollar worth of plays so they could make their usual commission. Sure it takes more time, but what is their cashier doing most of the time anyway?

Why does the casino have penny and nickel slots?

A slot machine doesn't care how much it gets paid to do a unit of work but people do. Processing 100 lines of numbers takes the same amount of effort at a penny... [ More ]

Reply #10

BobP — Thu, 02 Jul 2009 21:45:50 GMT

Ok, let's see now . . . complaints:

If you joint a lottery club with 99 other members you reduce the cost of each ticket to one cent and your prize share to 1%. Good point RJOh. The difference would be the ability to pick our own combinations, to play wheels of great size at very low cost.

What retailer would want to take one cent plays. Funny the clubs want that action, maybe there could be a minimum play amount, like one dollar worth of plays so they could make their usual commissi... [ More ]

Reply #9

pumpi76 — Thu, 02 Jul 2009 18:41:09 GMT

like 5 years ago here in LP i suggested why don't they create a Powerball that cost 25 cents and people win 25% [1/4th] of the current jackpot of Powerball which back then was 12 million so 1/4 will be 3 million....But people thought it will overkill Pick5...I didn't think so...What i think it will do is it will suck up money from people and cause people to spend wisely...this will cause to be fewer beer and cigarettes and alcohol sales...But nobody listened....It will have been really good for... [ More ]

Reply #8

pumpi76 — Thu, 02 Jul 2009 18:33:51 GMT

is a great idea, i thought about it too, but i think it will only be possible when online gaming is finally available...I've seen a website offer like 5 lotteries 1 of them cost 25 cents or 5 cents i cant remember but is parimutel...I am not allow to post the name here in this thread...

Reply #7

DelmarvaChick — Thu, 02 Jul 2009 16:52:16 GMT

They have something like this at race tracks. I've only been once, and do not know the system inside and out, but they have something called 10 cent superfectas and you win 10% of what the prize money would have been for a $1 bet. It sounds like it sucks, but I've seen (never won though) where the payout can be pretty sweet when longshots come in all over the place. The one I remember specifically a 10cent super would have paid $716 on an unknown horse race at what I would consider a not-so-famo... [ More ]

Reply #6

RJOh — Thu, 02 Jul 2009 16:42:52 GMT

Can you imagine going into a busy retailer with a bunch of tickets and asking the clerk to check them all because you think you might have a nickle winner among them.

Reply #5

Stack47 — Thu, 02 Jul 2009 16:36:15 GMT

It could be an added twist to established games with fixed prizes like Pick-3 and Pick-4 where players could win $50 or $500 for a dime bet.

As for the higher jackpot games, penny or dime bets aren't going to increase the size of the jackpot that much. On the other hand if a penny player had the only winning ticket, they would collect 1% with the rest of the money rolling into the next jackpot as if nobody won. If you bought a dollar ticket, I bought a penny ticket and we both split a $7 mill... [ More ]

Reply #4

RJOh — Thu, 02 Jul 2009 14:38:49 GMT

Some retailers complain about the 5% they get on a $1 ticket, do you really think they would be interested in selling tickets for a penny or a nickel

Reply #3

TheGameGrl — Thu, 02 Jul 2009 04:19:49 GMT

the percentage based on wager .

Personally I would love to see a Let em ride wager happen. For 50cents more you can ride out those number sequences for a period of one, two, three, four plays. Naturally each time that sequence hit , your little win would double. THe trick would be, how long you let it ride. I'd be afraid to go more then two plays long on the same ticket sequence. Cuz if you played three series and you broke the winning streak after two plays, your ticket would only get y... [ More ]

Reply #2

ca-dreamin* — Thu, 02 Jul 2009 04:12:09 GMT

This would be interesting but I wonder how it would effect the payouts

Reply #1

RJOh — Wed, 01 Jul 2009 21:30:28 GMT

That's what you basically get when you join a pool that offer multi-able shares to players. I read somewhere someone had patten such a system to be offered by lotteries but the combinations would be picked randomly.

Pick Your Own Price Lottery

BobP — Wed, 01 Jul 2009 21:08:20 GMT

What do you think about a lottery where the player decides the cost of the ticket and that determines the prize structure.

For example: Instead of paying a dollar a ticket for 6/49 to win $7 million, you could pay fifty cents per ticket for a chance to win $3.5 million? Ok, some states already do this, but how about penny tickets to win one hundredth of the prize? Instead of a $7 million prize the jackpot would pay $70 thousand on a penny play and the 3 number prize would be 5 cents instea... [ More ]