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Lotteries long for 'jackpot fever'Reply
If people really want lower odds then they had better get used to the idea of $2 tickets. Lowering the odds and having a $1 price would only result in much lower jackpots and lower sales. Sales are already in a slump for Megamillions. With these states trying to sell their lotteries telling them that what you want is even lower sales isn't going to fly. If you wanted a $2 price and lower odds that could work. Euromillions has odds 100 million less then Mega but with larger pots. Odds are
Feb 20, 2007, 4:58 pm - dvdiva - Lottery News

Lotteries long for 'jackpot fever'Reply
I don't think it is as simple as jackpot fatigue - everyone I know thinks $2 million is a huge amount of money, let alone $50 or $100 million. They have to consider the downturn began after they raised the odds and lengthened the annuity length so they could advertise higher jackpots without actually having more money in the pot. People catch on to things like that, people know the advertised amount is pretty much a con and the cash option is far lower and even lower after taxes. Yes, you ca
Feb 15, 2007, 11:23 pm - tg636 - Lottery News

AMAZING: Minnesota man wins back-to-back lottery jackpotsReply
Thanks, JAG331. Okay, it all makes sense to me. I was being lazy I guess, but sometimes it's nice to see it written out clearly so I can say Oh, I see. This is why I was so opposed to increasing the Florida Lotto from 49 to 53 numbers. That was several years back, so I have to let that rant go, but I still think 6/49 is high enough. If I wasn't so committed to playing my Lotto numbers (I should be committed LOL!) I would probably play the pick-5 games more often. It's true th
Feb 15, 2007, 3:02 pm - justxploring - Lottery News

did you quit playing when.....Reply
I voted I don't play as much. I'm still upset about Illiinois' Pick 5 game going from 5/ 30 to 5 /39, so you don't have to ask me about expanded matrixes for PB and MM. I remember the media hype about here comes California (MM) and potential $500,000,000 jackpots. File that under Once upon a time...
Feb 14, 2007, 11:52 pm - Coin Toss - Jackpot Games Forum

Do you think they would make a new lottery movie...Reply
Maybe someone could make an episode of CBS NUMBERS in which the FBI are asked to investigate a person of interest who has won several lottery jackpots recently and they call on the mathematician to figure how it's being done. During the show they expose many of the math theories that might be used to improve ones odds of winning. Near the end the FBI figures out the drawings are a scam and the crooks doing it are also looking to bust this guy because he has hacked into their operations an
Feb 14, 2007, 4:33 pm - RJOh - Lottery Discussion Forum

Lotteries long for 'jackpot fever'Reply
I play be expectation value, the ratio of the prize to the odds. The long odds have decreased my playing. But for the lotteries, it comes down to luck, as it does for the players. Long odds do not assure rollovers. They do make rollovers more probable, but not necessarily large jackpots. I would try better odds if I wanted to increase sales, but it's hardly my call.
Feb 13, 2007, 6:20 pm - Prob988 - Lottery News

Company proposes new pooling lottery ticket to fight 'jackpot fatigue'Reply
I wrote to all of the powerball state lottery representatives and warned them about this problem when they raised the powerball odds from an astronomical 120million to 1 to the statistically impossible 145million to 1. When the odds are raised people expect higher jackpots and when it takes forever for the pot to build up to the expected level, then sales are going to drop. The pool solution is something I would never participate in simply because it's another hand in the player's money. My s
Feb 13, 2007, 2:43 pm - tony95 - Lottery News

signing your ticketsReply
Yes, I agree. I guess I was thinking more about the huge jackpots. I never won more than $75 at a time, so I haven't had the pleasure of signing a $600 winner! It would be crazy not to sign my ticket immediately if I won thousands of dollars. Does anyone know how a signature would have an effect on creating a Trust or LLC? I'm not talking about a pool. So many people here have said not to sign the ticket, but I'm not so sure it would make a difference if the winner signs his ticket and
Feb 10, 2007, 1:48 pm - justxploring - Lottery Discussion Forum

Do you wait for the PowerBall to get to a certain amount?Reply
Here are your odds: If you don't play, you can't win... :) You are correct: each persons' odds are no better the higher the amount gets, or by having more people play, but you cannot deny that it makes sense that the odds of SOMEBODY winning are slightly better when more people are playing, no ? The only reason I would skip playing a few draws after a jackpot was won was because in the past, the chances of two jackpots hitting in a row was kinda rare - they would usually be at least
Jan 31, 2007, 12:13 am - guesser - Jackpot Games Forum

Do you wait for the PowerBall to get to a certain amount?Reply
Geez, how much will it take for you to retire on ? 7-8 mill isn't enough ?? Why spend $10 on a chance to win 7 or 8 million when I can have the same chance at 25 or 50 million for $10? We've had the discussion about your odds not being better when the jackpot is big, but they aren't any better when the jackpot is modest, either. If you're going to spend $n per year on lottery tickets you might as well concentrate your efforts on the bigger jackpots. The only reason I can see for playing
Jan 30, 2007, 11:11 pm - KY Floyd - Jackpot Games Forum