Thread: Era Lottery
View Single Post
  #8  
Old 12-21-2012, 06:52 AM
Stephen Stephen is offline
Boom!
Stephen's Avatar
Join Date: May 2004
Location: San Francisco
Posts: 10,410
Stephen has much to be proud ofStephen has much to be proud ofStephen has much to be proud ofStephen has much to be proud ofStephen has much to be proud ofStephen has much to be proud of
Quote:
Originally Posted by Scoper View Post
1/80 (default?) chance of winning a $10000 prize
statistically, you win 125 per ticket. Adding in a cost of 500 per ticket, that comes out to an average of -375 per ticket.

ew. Even by normal gambling odds that's a big loss.
Players can only buy one ticket per draw. The big benefit is that the odds are high in comparison to the traditional lottery with a guaranteed prize of $10,000. The major bonus here is that winners are drawn when the tickets sell out or the clock reaches 00:00... no more waiting a week.
__________________
Reply With Quote