I've decided just for fun because I've NEVER played scratch off tickets before (I do like to gamble for fun other ways once in a while) to buy $50 worth of scratch tickets to end the year (money I can afford to have fun with). I've narrowed it down to two different $10 tickets.
Jumbo Jumbo Bucks: I'd have 20 numbers to match against 6 numbers. Odds are 1 in 2.56 (I know that includes break even prizes which is OK with me). 66 of 90 to prizes have been claimed (73% claimed).
OR
Jingle Jumbo Bucks: I'd have 20 numbers to match against 6 numbers, BUT I also would have a chance to win $100 if a jingle bell appears in any of the 20 spaces. Odds are 1 in 2.74 (0.18 worse than Jumbo Jumbo Bucks). 2 of 4 top prizes have been claimed (50% claimed). Also this is a newer game so it could be assumed less prizes have been won overall.
Which ticket gives me a better CHANCE at walking away with more than the $50 spent to play?
2007-12-30 06:34:42 · 2 answers · asked by still_kind_of_shy_guy 2 in Business & Finance ➔ Personal Finance
How would spending $30 instead change the scenario? Would it slightly up my chances of breaking even while also slightly decreasing the remote possibility of a big prize?
2007-12-30 06:45:30 · update #1
Statistically the more you spend the more you'll lose. Lottery tickets are therefore for losers.
If one has odds of 1:2.56 and the other has odds of 1:2.74, go with the 1:2.56. You'll lose your money slightly slower that way.
2007-12-30 07:33:07 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Georgia Lottery Jumbo Bucks
2016-09-29 10:59:45 · answer #2 · answered by ? 4 · 0⤊ 0⤋