If i want to buy $50 in scratch off lottery tickets should I...?
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If i want to buy $50 (all $1 tickets) in scratch off lottery tickets would I have better luck buying 50 of the same one or divide it up among all different tickets?
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Answer:
buy 2 $20 tickets and a $10 ticket
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Other answers
I would do $25 on one brand and another $25 on the other...
Hansl
You really need to concentrate your attention on lottery games that pay over $500,000 or more. The big bucks are what u can use buy nice things.
Stockwillrise
Statistically speaking, your chances of winning increase if you buy the same brand of lottery ticket. Let me explain. Let's say there's a winner in one out of ten tickets made by Company A. If you buy 10 tickets from Company A, the probability that one is a winner is very high, although not 100%. Now, if you buy 10 tickets from 5 different companies, the probability of you winning has decreased. http://joe-renaissanceman.blogspot.com/
Joe V
I can tell you exactly what's going to happen most of the time you do this. You will typically "win" back around 1/2 of what you spend. You will most likely find between $20 and $30 worth of winners. So should you? I guess if you think the thrill of scratching 50 tickets is worth wasting between 20 and 30 dollars, then go for it. The chance that you will actually make more than $50 is EXTREMELY low.
pdq
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