Which has better odds?
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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?
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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
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
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