Are the odds playing super lotto better than playing mega millions?

Which has better odds?

  • I am playing the lotto, but want to be smart about it. The 2 cards I'm playing are Take 5 and Happy Holidays Take 5 costs $1, and the odds are 1:4.64 Happy Holidays costs $2, but the odds are 1:4.41 Mathematically speaking, which would give me be better odds of winning? Buying two Take 5's or one Happy Holidays?

  • Answer:

    Do you define "winning" meaning getting any prize back? Or showing a profit? The odds on each game are close, so buying two $1 tickets obviously gives you a better chance of winning something. Maybe you'd win $1 back on your $2 spent for a net loss of $1. Being "smart" usually refers to taking the bet with the smaller house edge, I'm not sure any lottery game qualifies.

jaymac91... at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Mathematically speaking, you will win MORE OFTEN by buying 2 tickets, but you're going to win only half of what you would when winning on the 2-dollar ticket. Realistically speaking, it makes absolutely, positively no difference. If you want to be "smart about it", then you wouldn't buy these. Let's say instead you had $1,000 to spend. You wanted to do an experiment, so you bought 250 "Happy Holidays" tickets, ($500 total spent), and 500 "Take 5" tickets, ($500 total spent). What would happen? THAT I can tell you. You'd "win" approximately $250 from the Happy Holidays tickets, and you'd "win" approximately $250 from the Take 5 tickets. Congratulation, you just lost about 50% of the money you spent! That's what these tickets pay back - just 50% of what people spend on them!!! At a 50% payback rate, it easily makes buying these tickets the WORST bet on the planet! No other standard bet even comes close. Again, if you want to "be smart about it", there is only ONE way to do that. It's to not play these.

pdq

Buy as many coconuts as you can. Better odds to wad up all your bills and shoot them into the sky with hopes that you'll start a new trend that all your neighbors will follow (hopefully with larger bills). Then hope that this fad sweeps the globe littering the streets and forests with currency thus decreasing money as we know it to mere trash. ending civilization If by some chance the new order of man chooses water bearing nuts with sweet chalky innards as the new dollar. BOOM! jackpot baby

Brandon

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.