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![]() | (Edited repost: the original post required a couple of small changes.) submitted by Dr-Lotto to Lottery [link] [comments] I've been crunching a lot of numbers, sending a lot of FOIA requests, and searching for advantages. I want to share a little bit of what I've learned so far. OverviewThese are a couple of the rules I've determined will help you win more often.
Play tickets that have been sold for a long time and have a large number of unclaimed grand prizes.To understand this rule, you need to know a little bit of math. It's not much. It can be explained in simple terms. But it's powerful enough to beat blackjack in the casino. What you're about to read is the foundation behind card-counting. But here, we use it to beat scratch offs.There is an important difference between scratch offs and draw games like Powerball. In draw games, every draw is "independent". What I mean by that is the results of a previous draw have no effect on the results of the following draws. If the draw for a pick 3 game is "3", "1", "9", then the odds that the following draw is also "3", "1", "9" are the exact same. This is counter-intuitive to a lot of people. If you flip a coin 3 times and it comes up heads all 3 times, then it's natural to think that it's more likely to come up tails on the next flip. But it's not! It is still equally likely to be either heads or tails on the 4th flip. The counter-intuitiveness of this is known as the "Gambler's Fallacy" and can be read about many places online, https://en.wikipedia.org/wiki/Gambler%27s_fallacy, so I won't go into any more detail. Just know that it's a mathematical fact. The previous results of a draw game have no effect on future draws. How are scratch offs different?But with scratch offs, previous results do affect the future. It's obvious when you look at an extreme example. Consider what happens if there is a single grand prize in 1 million unscratched tickets. Your odds of getting the grand prize is 1 in a million. But now imagine you just watched the person in line in front of you buy a ticket, scratch it, and reveal the grand prize. Now there are no more grand prizes. Your odds are exactly 0!In that extreme example, it's clear that past results affect future odds. This is completely different from a draw game. In a draw game, if someone hits the Powerball jackpot with 09, 36, 49, 56, 62, 08, then that doesn't mean you should or shouldn't play those exact same numbers next week. They are just as likely to appear again as any other set of numbers. But scratch offs aren't randomized with each purchase. Scratch offs are randomized once, when the tickets are printed. Then, as the tickets are bought and scratched, the remaining tickets become less random. This is just like counting cards at blackjack. The deck is shuffled once at the beginning of the game. Then, as cards are dealt, the deck becomes less random. Once it becomes less random in favor of the player (more big cards remaining than little cards), then the player has an advantage and can increase their bet. How do you know which tickets have have many unclaimed grand prizes and few remaining overall tickets?Most states publish this information on their lottery homepages.Here is an example from the Florida Lottery for the $3 Multiplier Crossword https://www.flalottery.com/scratch-offsGameDetails?gameNumber=1429 https://preview.redd.it/9p5sp880x9p51.png?width=481&format=png&auto=webp&s=3d5dc49e773243274dca0952502b06f51f0d54c1 That table has a column showing the total number of tickets printed at each prize tier and another table showing the number of tickets claimed at each prize tier. The lowest-value ticket is usually the most common. It often has hundreds of thousands of tickets printed. There is something in math known as "the law of large numbers" that makes the lowest price ticket a good indicator of what percentage of tickets have been sold. Even though the state doesn't publish how many tickets in total have been sold, and even though they don't say anything at all about the non-winning tickets that have been sold, we can use the lowest-priced ticket as a good estimator. In the image above, you can see that 3,170,852 tickets were printed that were $3 winners. Of those, only 603,652 remain. With some simple math, we can convert that to a percentage. 603,652 / 3,170,852 = 0.19 So about 19% of the tickets remain. 81% of the tickets have been sold. How about the grand prizes? Are there a large number of grand prizes remaining in relation to how many tickets have been sold? To know that, we need to convert the number of grand prizes remaining to a percentage also, that we we can compare percentages to percentages, apples to apples. There are 4 grand prizes remaining out of 20 total grand prizes printed. 4 / 20 = 0.20 So 20% of the grand prizes remain. That's almost exactly where we expect to be. That means there is not a lot of grand prizes remaining in relation to the total number of tickets remaining. If there were 5 grand prizes remaining, then the percentage remaining would be 5 / 20 = 0.25, or 25%. Then there would be 5% more grand prizes than expected. If that were the case, this might be a good game to play! Knowing this, you can check back daily or weekly and see how the numbers change. Every day, more tickets will be sold. Let's say a few weeks pass and couple hundred thousand $3 winners are claimed. Now there's 400,000 $3 prizes remaining. 400,000 / 3,170,852 = 0.126 If no grand prizes have been claimed in that time, then now there's only about 12.6% tickets remaining but still 20% grand prizes remaining. Grand prizes are almost 8% more likely than average! Check your state lottery website and you can perform these calculations for whatever games you like to play. Prefer playing a few higher priced tickets over many lower priced tickets.I wrote software to automatically analyze every scratch off game from many different states.As part of that analysis, I calculate the total amount of prizes that will be paid out. Since the states publish on their websites the total number of tickets at each prize tier and the value of each prize. I simply multiply the number of tickets at each tier by that tier's value and then sum the results for each tier of a game. Another number I calculate is the cost to buy every ticket. That's a lot easier. It's simply the total number of tickets printed times the price of each ticket. If a game prints 14 million tickets and each ticket costs $10, then the cost to buy every ticket is 14 million times $10, or $140 million. Those two numbers are all we need to calculate the "expected value" of a game. If a game has $100 million in prizes and it would cost $140 million to buy every ticket, that means the state will make $40 million in profit. That profit comes out of our pockets. But we can minimize our losses by playing games where the state has the least profit. Here's a simple example. Which game would you rather play? Game A: $100 million in prizes where it would cost $140 million to buy every ticket. Game B: $120 million in prizes where it would cost $140 million to buy every ticket. Obviously, game B is better. The state takes less profit. That means more money in our pockets. This is one way to rank the quality of a game. The more money that is returned to players and the less money that the state keeps as profit, the better the game. By analyzing data from every game for multiple states, I have determined the average quality for different priced tickets. This graph below tells the whole story. https://preview.redd.it/u6hm1t7gx9p51.png?width=1645&format=png&auto=webp&s=5cd0e3afc3ef411ec7d62c23dacd14ef74291b7b It is clear that on average, higher priced tickets are better. Spending $100 on $20 tickets will result in an average win of $71.95 while spending $100 on $2 tickets will result in an average win of $65.65. By buying $20 tickets rather than $2 tickets, you will win an average of $6.30 more! Why do states pay out more for higher priced tickets?This advantage comes from economics.It costs roughly the same amount for the state to print a $1 ticket as a $20 ticket. Here's a table that shows the prices that GTECH, a ticket printer, proposed to the Texas Lottery. https://preview.redd.it/gqpn85whx9p51.png?width=1295&format=png&auto=webp&s=c21158fa868caa4da444a5ec8404f9a8a822d3be Usually, lower priced tickets are smaller. A $1 ticket might be 2.4 inches x 4 inches while a $20 ticket has more gameplay options and might be 10 inches x 4 inches. Those dimensions correspond to the "A" and "E" columns in the table above. The values you see in each row are the cost per 1,000 tickets. Let's compare. The cost of 1 million $1 tickets of 2.4 inches x 4 inches in packs of 250 would cost $33.78 per 1,000 tickets, or about $0.034 per ticket. The cost of 1 million $20 tickets of 10 inches x 4 inches in packs of 50 would cost $59.50 per 1,000 tickets, or about $0.06 per ticket. That's 3.4 cents per $1 ticket and 6 cents per $20 ticket. Why are higher priced tickets better?The state needs to make a profit on the lottery. That's the whole point of the lottery: to make money to pay for services like education and roads.Money that goes towards ticket printing is wasted. It's money that is taken from the players and is not kept by the state. The less money that goes towards ticket printing, the more money is available to pay out in prizes (and to go towards public goods). While the $20 ticket may cost more to print than the $1 ticket (6 cents vs 3.4 cents), the percentage of the ticket price that goes towards printing costs is lower. 6 cents is only 0.3% of $20. That's zero-point-three percent. Less than half of a percent of the ticket price goes towards the printing costs. 3.4 cents out of $1 is 3.4%, or over 3% of the ticket price going towards printing costs. If you were to buy $100 worth of $1 tickets, the state would have paid $3.4 to ticket printers, leaving only $96.60 in funds to split between paying players through the prize pool and funding things like public roads and education. But if you were to buy $100 worth of $20 tickets, then the state would have paid only $0.18 to ticket printers! That leaves $99.82 to split between the prizes and state funding. Note: The above is a simplified calculation that doesn't take the full cost of each ticket from printing to disposal. There's obviously costs associated with shipping and other services. But I wouldn't expect the percentages to change much. The economics of high-price vs low-price tickets is still the same. Good luck!I want to close by wishing you good luck. But now you know there's more to it than just luck. Use these tips and tricks to your advantage and make your own luck.A final word of caution: even if you follow all of this advice, it's still practically impossible to consistently make profit from scratch offs. The best that almost anyone can do is to increase their "expected value". |
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Scratch Cards Dominate the Casino Game CollectionThe main competitive advantage ScratchMania is the game library. Despite being mostly scratch cards, you won’t miss the blackjack or roulette action, because the scratch cards come with a touch of blackjack, roulette and some of them greatly resemble video slots. The operator of ScratchMania made sure that each and every player can enjoy in the design they like the most, while playing the seemingly boring scratch cards. We tried some of their games and we enjoyed them quite a lot. The hit rate is amazing and the RTP is beyond your imagination. Some of the games we like to recommend are Scratch King which looks like a slot game, Blackjack Scratch and Dozens Roulette. They’re like nothing you’ve seen so far. ScratchMania is a breath of fresh air in an already oversaturated market full with the same old slot designs. The more you scratch, the more you can win. In addition to the abundant scratch card portfolio, there are 2 dozen of slot games and several Virtual Sport Games you might like to check out. It’s Flash based, which is not welcomed, but the designers have made sure it’s not too demanding in terms of tech requirements.Do we like the games? Yes, we do like, but we’d like to see more traditional casino games. The scratch cards provided are amazing, unique, eye pleasing, basically everything a player wants. But, we’d like to see standard blackjack and roulette games. Casino Games
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We don’t have anything against this kind of approach in rewarding active players, mainly because the most active and most loyal players get the most rewards. The standard VIP perks you’ve seen elsewhere are also provided, but do not expect any lavish events that will make you stop and stare. >> Register Now and Get Free Bonus << Live Chat, Email and Phone Support – 24/7!Live chat, email or a direct phone call, these are your options when you want to contact ScratchMania customer support. The live chat is by far the most convenient communication method. It feels as if you’re chatting with a friend who works at ScratchMania. They’re friendly and professional. Send your emails at [email protected] and the phone number is +35722007792. The response time is beyond than just reasonable. The phone number connects you with ScratchMania’s office in Cyprus. Note: please double check the phone number in the Contact Us section at ScratchMania Casino, because it is subject to change.Nevertheless, if you’re not in a hurry, fill out the contact web form provided in the said section. Select the topic, enter your email and provide the query details. They’ll get back to you as soon as possible. ScratchMania Casino – Available Worldwide!Quantity breeds quality, and in ScratchMania’s case, there are 8 languages to choose from. Besides the standard picks such as English, German, Swedish, Norwegian and Finnish, ScratchMania Casino is available in Greek, Spanish and French. This says a lot about its player or customer base. Basically, the global approach requires more resources, but it also means a wider, broader customer base.Moreover, ScratchMania accepts and allows players to play in a number of different currencies, and we all know what this means, no currency conversion costs! Unfortunately, ScratchMania does not have a UK license, and as such, it’s not available to UK players. Hopefully, this will change at some point in the near future. After all, scratch card oriented casinos are rather rare. >> Register Now and Get Free Bonus << Scratch Cards have Never Been More Exciting – Join ScratchMania!Are you into scratch cards? Maybe you want to try playing some scratch cards for the first time? ScratchMania is the best place to start an adventure such as this one. There’s a lot of engaging content, there are bonuses that will keep your cash balance afloat and you’ll be part of a unique online gaming community. Visit ScratchMania and check it out yourself. Make sure you claim the 1st deposit bonus along with the $/€/£7 free! You think we missed something in our ScratchMania Casino review? Feel free to reach out and we’ll be happy to assist you!Pros
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About Spin CasinoI’m a little like the Kojak of online casinos, minus the lollipop and shades. I don’t just take things at face value – I investigate and try to find out all I can about the operator. I’m happy to report that what I found out about Spin Casino is impressive.As you can see, everything about this casino passes the initial smell test. It’s 100% legitimate and is run by highly professional operators. The fact that all of the games are powered by Microgaming means eCOGRA has tested the payouts and verified them fair. As far as I’m concerned, that’s awesome news. I always like to make a comment on the site design. This one looks fantastic! It’s got a bright pink and white theme, and everything is laid out in logical, common-sense order. That goes for the mobile site, too. I visited on both Android and iOS devices, and it was a dream to use. >> Get Free Spins Now << The Good StuffEvery gambling site has its strengths and weaknesses. This one is no exception. Here’s what I like about Spin Casino.Highly Reputable OperatorI always like knowing I’m in safe hands when gambling online.This casino is run by one of the big hitters in the iGaming industry – The Palace Group. That means everything runs professionally, and you’ll be in the hands of pros. They’ve been around since 2001 and count themselves as part of the Prima Network. As one of the largest networks in the world, they safely support over 500,000 registered players. Huge Selection of World-Class GamesMost of the games at this casino are powered by Microgaming, with the exception of the live dealer games, which are powered by Evolution Gaming/Ezugi.There are over 600 games in total including slot machines, video poker, table and card games, and the aforementioned live dealer games. Sports Betting AvailableI like a cheeky punt on soccer and boxing matches, and I’m glad that I’ll be able to place my bets while playing casino games at the same time. The sportsbook is technically a separate site, but it’s all operated by the same firm, and you can navigate to it straight from SpinCasino.com.The Bad StuffI’ve yet to come across a gambling site that scores perfect marks in every category. This one has a few flaws, too.No Poker TournamentsAs one of the few game types not supported by Spin Casino, if you like to challenge other players in Texas Hold’em or Omaha tournaments, you’ll have to do so elsewhere.While they don’t appear to have anything against them, there are no dedicated poker rooms or tournaments available for players. No US PlayersIt’s no secret that US players have a hard time finding online casinos that accept them. Unfortunately, this is yet another that doesn’t. Don’t worry, though, because we have a full list of US gambling sites that will welcome you with open arms.>> Get Free Spins Now << Game SelectionThis is what I like to call a “full-scale” online casino, meaning whatever type of game you want to play, you’ll be able to do so here. You’ll find hundreds of slots, dozens of video poker games, and lots of digital and live dealer blackjack/roulette games.In this section, I’ll show you everything you need to know about these games, which firms power them, and how much they’ll cost you to play. SoftwareThe casino games at Spin Casino are powered by Microgaming, Evolution Gaming, and Ezugi. If you know about casino games at all, you’ll already know that these are top-level operators who produce world-class, fair, reliable casino games.That tells me everything I need to know in advance – the gaming experience here will be second to none. Nonetheless, let’s look at the games in more detail. I’ll show you exactly what games are available in each category and what I make of them. SlotsIf you love to spin the reels in the hope of landing that one payout that changes it all, you’ll be spoiled for choice here. I love slots, and I recommend the following games at Spin Casino:
Video PokerIf you’ve read any of my casino reviews before, you’ll already know that I play video poker more than any other game. It’s the strategy, you see. I love knowing that I have some control and that my skill will be rewarded, rather than being at the mercy of chance alone.If you feel the same way, check out the following games:
As with the other games, you can play these games for free. This will allow you to assess their quality for yourself and test your video poker strategies. Table GamesYou just can’t beat good old table and card games. They make a casino what it is, don’t they? You’ll be able to play the following games and variants at Spin Casino:
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You can sit and watch for a while, but when you’re ready to play, you’ll be able to bet from $0.10 to $5,000, depending on the game and variant. My Favorite Find at Spin CasinoMy favorite find at Spin Casino is my favorite slot ever – Thunderstruck II. It’s probably Microgaming’s best game of all time and has truly stood the test of time.With a cool “Norse gods” theme and a cracking multi-level free spins round, you don’t want to miss this game. It doesn’t have the biggest jackpot Microgaming has to offer, but it’s highly entertaining and could put a healthy balance in your account. SportsbookIf you like having a punt on games, matches, fights, and sporting events of various stripes and colors, you’ll be happy here. You can bet on the following sports:
It’s a fairly straightforward sportsbook, although it is modern and interactive in terms of its design. There are no special features to speak of. That’s not a bad thing, in my view. I prefer simple and to the point rather than complex and convoluted, but that’s just me. The most important thing is that this is a user-friendly site. Whether you’re using a desktop or mobile device, you’ll be able to find everything easily and will find all sports and events categorized in an intuitive, logical way. The ability to view odds in decimal, fractional, and American formats wins major points with me. It’s these little things that show Spin Sports has put time and effort into making the user experience as enjoyable as possible. There’s nothing worse than having to convert odds in your head or on some notepaper. The site is 100% mobile-friendly. I visited on my Android phone and found it a breeze to use. You’ll see all of the popular sports on a sticky menu at the top, there’s a search feature so you can quickly find action on sports you love, and you’ll see all of the current and upcoming events right below that. There are no apps, but that’s okay. The mobile site is so easy to use that you won’t need them anyway. EsportsThe esports sector is on fire right now, and it’s great to see Spin Sports embracing it. You’ll find action on Dota 2, CS:GO, LoL, Starcraft 2, Rainbow Six, and Rocket League.Leagues include the European Championship, Dream League, The United Masters League, and various other global leagues and tournaments. If esports is your thing, you’ll be happy here. Live BettingNo modern sports betting site would be complete without enabling live/in-play betting. You’ll be able to bet on soccer, basketball, tennis, volleyball, golf, futsal, and table tennis.There are lots of betting markets across these sports, but let’s focus on the most popular sport for in-play betting – soccer. You can wager on total score, next team to score, penalties, total goals in each half, results in each half, and lots of proposition bets such as the outcomes of corners, free kicks, and many other things. I’ve seen some sites with a bigger range of live betting markets, but if this isn’t enough for you, it might be wise to seek help because you probably have a problem. PromotionsSpin Casino has a great welcome bonus and a unique way of rewarding ongoing players. As you’ll see, rather than a bunch of gimmicky bonuses for each day of the week, you’ll win regular rewards by spinning a bonus wheel. This adds an element of excitement into the mix, and I like it a lot.Let’s check those bonuses out then, shall we? Welcome BonusAs a new player, Spin Casino will give you three separate deposit bonuses to get you started. Here’s what you can get:
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![]() | I've been crunching a lot of numbers, sending a lot of FOIA requests, and searching for advantages. submitted by Dr-Lotto to gambling [link] [comments] I'm trying to organize everything I've learned into a single source of truth, but in the meantime I want to share a little bit. OverviewFollow these simple rules and you will win more often.
Play tickets that have been sold for a long time and have a large number of unclaimed grand prizes.To understand this rule, you need to know a little bit of math. It's not much. It can be explained in simple terms. But it's powerful enough to beat blackjack in the casino. What you're about to read is the foundation behind card-counting. But here, we use it to beat scratch offs.There is an important difference between scratch offs and draw games like Powerball. In draw games, every draw is "independent". What I mean by that is the results of a previous draw have no effect on the results of the following draws. If the draw for a pick 3 game is "3", "1", "9", then the odds that the following draw is also "3", "1", "9" are the exact same. This is counter-intuitive to a lot of people. If you flip a coin 3 times and it comes up heads all 3 times, then it's natural to think that it's more likely to come up tails on the next flip. But it's not! It is still equally likely to be either heads or tails on the 4th flip. The counter-intuitiveness of this is known as the "Gambler's Fallacy" and can be read about many places online, https://en.wikipedia.org/wiki/Gambler%27s_fallacy, so I won't go into any more detail. Just know that it's a mathematical fact. The previous results of a draw game have no effect on future draws. How are scratch offs different?But with scratch offs, previous results do affect the future. It's obvious when you look at an extreme example. Consider what happens if there is a single grand prize in 1 million unscratched tickets. Your odds of getting the grand prize is 1 in a million. But now imagine you just watched the person in line in front of you buy a ticket, scratch it, and reveal the grand prize. Now there are no more grand prizes. Your odds are exactly 0!In that extreme example, it's clear that past results affect future odds. This is completely different from a draw game. In a draw game, if someone hits the Powerball jackpot with 09, 36, 49, 56, 62, 08, then that doesn't mean you should or shouldn't play those exact same numbers next week. They are just as likely to appear again as any other set of numbers. But scratch offs aren't randomized with each purchase. Scratch offs are randomized once, when the tickets are printed. Then, as the tickets are bought and scratched, the remaining tickets become less random. This is just like counting cards at blackjack. The deck is shuffled once at the beginning of the game. Then, as cards are dealt, the deck becomes less random. Once it becomes less random in favor of the player (more big cards remaining than little cards), then the player has an advantage and can increase their bet. How do you know which tickets have have many unclaimed grand prizes and few remaining overall tickets?Most states publish this information on their lottery homepages.Here is an example from the Florida Lottery for the $3 Multiplier Crossword https://www.flalottery.com/scratch-offsGameDetails?gameNumber=1429 https://preview.redd.it/he48t0edwzo51.png?width=481&format=png&auto=webp&s=541821009a64b5bf6c4c35f0f5cedd9964ce3b38 That table has a column showing the total number of tickets printed at each prize tier and another table showing the number of tickets claimed at each prize tier. The lowest-value ticket is usually the most common. It often has hundreds of thousands of tickets printed. There is something in math known as "the law of large numbers" that makes the lowest price ticket a good indicator of what percentage of tickets have been sold. Even though the state doesn't publish how many tickets in total have been sold, and even though they don't say anything at all about the non-winning tickets that have been sold, we can use the lowest-priced ticket as a good estimator. In the image above, you can see that 3,170,852 tickets were printed that were $3 winners. Of those, only 603,652 remain. With some simple math, we can convert that to a percentage. 603,652 / 3,170,852 = 0.19 So about 19% of the tickets remain. 81% of the tickets have been sold. How about the grand prizes? Are there a large number of grand prizes remaining in relation to how many tickets have been sold? To know that, we need to convert the number of grand prizes remaining to a percentage also, that we we can compare percentages to percentages, apples to apples. There are 4 grand prizes remaining out of 20 total grand prizes printed. 4 / 20 = 0.20 So 20% of the grand prizes remain. That's almost exactly where we expect to be. That means there is not a lot of grand prizes remaining in relation to the total number of tickets remaining. If there were 5 grand prizes remaining, then the percentage remaining would be 5 / 20 = 0.25, or 25%. Then there would be 5% more grand prizes than expected. If that were the case, this might be a good game to play! Knowing this, you can check back daily or weekly and see how the numbers change. Every day, more tickets will be sold. Let's say a few weeks pass and couple hundred thousand $3 winners are claimed. Now there's 400,000 $3 prizes remaining. 400,000 / 3,170,852 = 0.126 If no grand prizes have been claimed in that time, then now there's only about 12.6% tickets remaining but still 20% grand prizes remaining. Grand prizes are almost 8% more likely than average! Rather than check the state lottery website every day and perform these calculations by hand, there are websites that do the hard work for you. Prefer playing a few higher priced tickets over many lower priced tickets.I wrote software to automatically analyze every scratch off game from many different states.As part of that analysis, I calculate the total amount of prizes that will be paid out. The states publish on their websites the total number of tickets at each prize tier and the value of each prize. I simply multiply the number of tickets at each tier by that tier's value and then sum the results for each tier of a game. Another number I calculate is the cost to buy every ticket. That's a lot easier. It's simply the total number of tickets printed times the price of each ticket. If a game prints 14 million tickets and each ticket costs $10, then the cost to buy every ticket is 14 million times $10, or $140 million. Those two numbers are all we need to calculate the "expected value" of a game. If a game has $100 million in prizes and it would cost $140 million to buy every ticket, that means the state will make $40 million in profit. That profit comes out of our pockets. But we can minimize our losses by playing games where the state has the least profit. Here's a simple example. Which game would you rather play? Game A: $100 million in prizes where it would cost $140 million to buy every ticket. Game B: $120 million in prizes where it would cost $140 million to buy every ticket. Obviously, game B is better. The state takes less profit. That means more money in our pockets. This is one way to rank the quality of a game. The more money that is returned to players and the less money that the state keeps as profit, the better the game. By analyzing data from every game for multiple states, I have determined the average quality for different priced tickets. This graph below tells the whole story. https://preview.redd.it/og4i56rewzo51.png?width=1645&format=png&auto=webp&s=defbe6e05ca09a4adb03b0fa011ecfeb8325bb66 It is clear that on average, higher priced tickets are better. Spending $100 on $20 tickets will result in an average win of $71.95 while spending $100 on $2 tickets will result in an average win of $65.65. By buying $20 tickets rather than $2 tickets, you will win an average of $6.30 more! Why do states pay out more for higher priced tickets?This advantage comes from economics.It costs roughly the same amount for the state to print a $1 ticket as a $20 ticket. Here's a table that shows the prices that GTECH, a ticket printer, proposed to the Texas Lottery. https://preview.redd.it/ryg37q7gwzo51.png?width=1295&format=png&auto=webp&s=bace7784335cf41a813262dbf3bf807f0024c16f Usually, lower priced tickets are smaller. A $1 ticket might be 2.4 inches x 4 inches while a $20 ticket has more gameplay options and might be 10 inches x 4 inches. Those dimensions correspond to the "A" and "E" columns in the table above. The values you see in each row are the cost per 1,000 tickets. Let's compare. The cost of 1 million $1 tickets of 2.4 inches x 4 inches in packs of 250 would cost $33.78 per 1,000 tickets, or about $0.034 per ticket. The cost of 1 million $20 tickets of 10 inches x 4 inches in packs of 50 would cost $59.50 per 1,000 tickets, or about $0.06 per ticket. That's 3.4 cents per $1 ticket and 6 cents per $20 ticket. Why are higher priced tickets better?The state needs to make a profit on the lottery. That's the whole point of the lottery: to make money to pay for services like education and roads.Money that goes towards ticket printing is wasted. It's money that is taken from the players and is not kept by the state. The less money that goes towards ticket printing, the more money is available to pay out in prizes (and to go towards public goods). While the $20 ticket may cost more to print than the $1 ticket (6 cents vs 3.4 cents), the percentage of the ticket price that goes towards printing costs is lower. 6 cents is only 0.3% of $20. That's zero-point-three percent. Less than half of a percent of the ticket price goes towards the printing costs. 3.4 cents out of $1 is 3.4%, or over 3% of the ticket price going towards printing costs. If you were to buy $100 worth of $1 tickets, the state would have paid $3.4 to ticket printers, leaving only $96.60 in funds to split between paying players through the prize pool and funding things like public roads and education. But if you were to buy $100 worth of $20 tickets, then the state would have paid only $0.18 to ticket printers! That leaves $99.82 to split between the prizes and state funding. Note: The above is a simplified calculation that doesn't take the full cost of each ticket from printing to disposal. There's obviously costs associated with shipping and other services. But I wouldn't expect the percentages to change much. The economics of high-price vs low-price tickets is still the same. Good luck!I want to close by wishing you good luck. But now you know there's more to it than just luck. Use these tips and tricks to your advantage and make your own luck.A final word of caution: even if you follow all of my tips, it's still practically impossible to consistently make profit from scratch offs. The best that almost anyone can do is to increase their "expected value". That's a good thing. It's huge. It's great if you're playing for fun and would be buying tickets regardless of the circumstances. But that's not good enought to play more often than you otherwise would. So, please, if you or anyone you know needs support around gambling, please reach out to places like https://www.gamblingtherapy.org/en Remember: If you can't afford to lose, you can't afford to play. |
![]() | submitted by XhiyienJeong to u/XhiyienJeong [link] [comments] https://preview.redd.it/j7lbsfagm2p51.jpg?width=600&format=pjpg&auto=webp&s=78d124c72a7e86616708dafc6a4a35feb5f5bde4 As previously noted, online operators don’t have as many expenses connected with running a poker room. For example, they don’t need a few dozen dealers to run a tournament with 2,000+ entries. They also don’t need to reserve a vast amount of space for such an event. Since it all happens in the virtual setting, once they have good software, they just need stable servers that can handle the traffic. For these reasons, rake alone can be a great income generator for online poker rooms and casinos. Even without players wondering off to blackjack and roulette tables, they can earn more than enough to pay for the operation and still make a profit. 섯다 Of course, this does require enough player traffic as the rake is only generated when there is an action at the tables. Lately, however, many online operators have also started to incorporate the land-based model, where they’ll offer some casino games right in the poker lobby. Nowadays, with many online poker clients, players are just a click away from firing up slots or jumping over to a table game like blackjack or baccarat. How to play online blackjack: Strategies There are plenty of different strategies for winning at online poker, but the best advice is to be patient. It might seem rather boring to continually fold hands, and Texas holdem can be a grind at times, but impatience is rarely rewarded, and it’s a good idea to wait for ‘Top 10’ hands. Eventually, you’ll learn about suited connectors (cards of the same suit in numerical succession), or just suited cards in general, which can be good starting hole cards. In addition, sometimes you will hit a set – or three of a kind – on the flop with cards which aren’t necessarily great hole cards initially. You’ll learn the nuances of the game as you gain more experience. For intermediate or advanced players, this is all common knowledge, but for beginners just learning the game, patience is a virtue. While various tables can have players of very different skill levels, and you do not want to play ‘tight’, or too close to the vest, using less risky play initially will mitigate big losses early on and keep your interest as you continue to learn. Eventually, you’ll also learn how to bluff, which by a series of strong wagers, can trick other players into believing your hand is stronger than it might really be. |
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