Baby steps in Scratch Offs

Reply #8

Cupcake10 — Wed, 22 Feb 2012 06:27:17 GMT

1 in 3.20 --- I was hoping to somewhat find the overall odds as the result with the least prize but it's not that way. It's more like out of every 6 cards you will break even. Is there anyway to get back to the 3.20.

Reply #7

Cupcake10 — Tue, 21 Feb 2012 04:17:12 GMT

Thank you, I somewhat thought that was the way to figure the total tickets 480000 x total top prizes.

Reply #6

B$Rizzle — Sun, 19 Feb 2012 14:46:40 GMT

Overall odds of 1 in 3.20 means (on average) 1 out of every 3.20 is a winner.

Odds of 1 in 480,000 means for every 480,000 tikets, 1 of those is a Top Prize of 50,000

That does necessarily mean that if you buy 4 tickets in a row that one will be a winner...You could have 10 losers in a row, then in another roll of tickets have 3 winners in a row.

Its the Over-all odds for the entire pool of tickets printed.

** BTW - each prize level is for the total tickets in that gam... [ More ]

Reply #5

Cupcake10 — Sun, 19 Feb 2012 06:01:09 GMT

Can someone explain Overall Odds 1 in 3.20, approximately odds of winning top price 1 in 480,000 ---- top price 50,000 --- Cash Bonus Bingo

Reply #4

B$Rizzle — Fri, 17 Feb 2012 15:16:26 GMT

Cupcake, can you post the odds of the particular game you ar referring to so I can explain? For all of the prize levels

Reply #3

doodlemd — Fri, 17 Feb 2012 05:07:43 GMT

Hmmmm, not quite sure I follow your last post. Besides, I'm no probability expert maybe some LP veterans will enlighten us.

Reply #2

Cupcake10 — Fri, 17 Feb 2012 00:46:34 GMT

Okay, I got the 50,000 piece but how does it work when they are giving away so many $3 --- like 284 thousand something - is it out of the same 480,000 because the odds are different now.

Reply #1

doodlemd — Thu, 16 Feb 2012 06:17:15 GMT

If I understand you correctly those odds mean exactly what is stated. On average If you buy 3.2 tickets one ticket will be a winner, it may be $1.00, $100.00, or even the top prize of $50,000.00 no gaurantees on what you'll win but one ticket should win on average. Now for the top prize. On average, one ticket in every 480,000 sold will be a top prize winner $50,000. I hope this helps.

Baby steps in Scratch Offs

Cupcake10 — Thu, 16 Feb 2012 05:58:18 GMT

Can someone explain Overall Odds 1 in 3.20, approximately odds of winning top price 1 in 480,000 ---- what does it mean in relating to top price $50,000 - 4 per tier, I will skip some and go to the smallest $3 price - 282,314.

Please explain