Reply #1

DoctorEw220 — Mon, 24 May 2004 06:01:46 GMT

for the pick 3 and pick 4 games, the prize is always half the odds. if you play a number for $1 straight, you will win $5000 instead of $10000. it's so if you play all of the combinations, you will not break even.

Value of a lottery ticket

rdarmand — Mon, 24 May 2004 05:53:54 GMT

The value of a lottery ticket is equal to the chance of winning multiplied by the average prize.For example: A straight draw Pick-3 ticket has a 0.001 chance of winning, and the prize is $500 (in Illinois, anyway). Multiplying 0.001 by $500 gives a ticket value of 50 cents. Thus, when you buy a $1 straight draw Pick-3 ticket, you are paying a dollar for something with a value of only 50 cents. It's worth noting that both the Box-3 and the Box-6 tickets are only worth 48 cents; so, even though yo... [ More ]