If you buy a whole roll of scratch off lottey tickets...

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Thread: If you buy a whole roll of scratch off lottey tickets...

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  1. #1 If you buy a whole roll of scratch off lottey tickets... 
    Lightin up a blunt thinkin bout my next dolla limestonesaint's Avatar
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    How much of a chance is there for a decent profit?...or is it definetly fixed for the other side?..probably better shot with more than $1 tix
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  2. #2  
    Pump n Dump LEYKIS101's Avatar
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    This is gonna be good!

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  3. #3  
    RX Wizard cincy_'s Avatar
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    In MA, if you bought every scratch ticket, you would get back (on average) 76 cents per dollar spent.
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  4. #4  
    RX Wizard goodcall's Avatar
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    holy ****.
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  5. #5  
    RX Wizard doubledeuce22's Avatar
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    great idea
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  6. #6  
    Lightin up a blunt thinkin bout my next dolla limestonesaint's Avatar
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    I don't know how many tickets are in a roll but say 10x300=3000 bucks...anyone willing to take the chance for a big winner for a few stacks?
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  7. #7  
    Time for your Pabst test ladies PBR's Avatar
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    Quote Originally Posted by cincy_ View Post
    In MA, if you bought every scratch ticket, you would get back (on average) 76 cents per dollar spent.
    I'm considering this...it would definitely be a better return than most of my investments.
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  8. #8  
    RX Senior J2's Avatar
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    Quote Originally Posted by limestonesaint View Post
    How much of a chance is there for a decent profit?...or is it definetly fixed for the other side?..probably better shot with more than $1 tix
    Forget scratch offs. Play the lottery. I would get Mr. Newlywed's email from the mods. When he is not hitting keno jackpots, he is ca$hing lotto tickets
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  9. #9  
    Rx. Junior roach23's Avatar
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    Ask Doug, I'm sure he'll crunch the #s for you after he gets back from dropping bottles off in Michigan.
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  10. #10  
    RX Senior Grand Master B's Avatar
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    you can't be serious. you would definitely lose close to half your money- depending on which state you live. These things are huge moneymakers for the states.
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  11. #11  
    RX Wizard cincy_'s Avatar
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    Quote Originally Posted by limestonesaint View Post
    I don't know how many tickets are in a roll but say 10x300=3000 bucks...anyone willing to take the chance for a big winner for a few stacks?
    On average you would have $2,280 worth of winners in MA ... maybe more, maybe less ... but that is what you would average ... and the worst part is that MA has one of the highest payout averages (i.e. expected value) in the US
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  12. #12  
    RX Wizard punter's Avatar
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    Quote Originally Posted by cincy_ View Post
    On average you would have $2,280 worth of winners in MA ... maybe more, maybe less ... but that is what you would average ... and the worst part is that MA has one of the highest payout averages (i.e. expected value) in the US
    I was thinking that return sounded better than I woulda expected.
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  13. #13  
    RX SemiGod WVU's Avatar
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    Don't forget that the average payout includes the top heavy grand prizes. Unless you hit something big, it is very likely you would be getting back less than 40 cents on the dollar or worse.
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  14. #14  
    RX Senior Mamon's Avatar
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    You need the lucky roll! go to a poor area. No lottery winners were rich before!
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  15. #15  
    I'll be in the Bar..With my head on the Bar ProPokerPlayer's Avatar
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    My friend runs the 3rd highest volume store in Louisiana for lottery sales. Over $30,000 a month . He has NEVER sold a grand prize scratchoff. He only in the last year sold a ticket for over $5,000........and for anybody thinking of buying a whole roll, you have to be kidding. As WVU said if they have 1 $40,000 winning ticket that means there are over 60,000 losing tickets just to pay for that 1 !!! Dont think you cant buy an entire roll of 250 tickets and not get even $10 back because not only is it possible its highly likely...
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  16. #16  
    Life is tough. It's tougher if you're stupid. Black Bart's Avatar
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    The lottery is just a regressive tax.
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  17. #17  
    RX Wizard levistep's Avatar
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    Quote Originally Posted by limestonesaint View Post
    How much of a chance is there for a decent profit?...or is it definetly fixed for the other side?..probably better shot with more than $1 tix
    Pure profit.
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  18. #18  
    RX Member LarryLegend's Avatar
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    Ny scratch offs are about 65- 70 % return.

    Total waste of cash but people still believe in the dream.

    $10 tickets come in packs of 50. $5 tickets packs of 100

    It is fun to give in B-day cards when you don't know what else to get, but otherwise is a sheer waste of money.

    Interesting thing (at least in NY).....they say the winners are sent out randomly. But then figure this....
    The state must take off all remaining tickets of a particular game once all the jackpots of that game have been sold. Example...if there is "NY Riches" game and the game advertises 5- One Million dollar jackpots.....once all 5 jackpots have been claimed, the state has to remove all of NY Riches from being sold.

    So you would think if this were done randomly, at least a few times in the past years, some game would be taken off the shelves within the 1st month of being sold.
    Yet , has never happened ( to my knowledge). Every game goes on for a long healthy life span. Enough time to ensure selling millions of tickets. hmmmmm.
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  19. #19  
    RX Senior honkee's Avatar
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    Quote Originally Posted by cincy_ View Post
    In MA, if you bought every scratch ticket, you would get back (on average) 76 cents per dollar spent.
    owned 2 convenient stores in peabody and lynn mass, you guys got any questions about lottery and %'s, im the right man to ask.
    Who says you would profit buying a whole book of 20 dollar tickets?
    Theres a sucker born every minute
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  20. #20  
    RX Senior
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    As Crunch99 would say, "hahahhahhahahhahahahahhahahahahahahha!"
    I'm gettin' stupider just logging into this site some days.
    Buying a roll of lottery tix as an investment? F-me.
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  21. #21  
    Stumblin' around, drunk on burgundy wine. WharfRat's Avatar
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    You are much better off buying the whole box of pull tabs at your local Knights of Columbus.
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  22. #22  
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    I called the new york state lottery office one day because i wanted to know exactly how many grand prize winners there was for the 2 dollar win for life tickets. the grand prize is win a 1,000 bucks a week for life.
    I must have got transferred on the phone at least 10 times. Not one person knew the answer. then finally somebody was able to tell me that for every 14 million tickets they print up, they put one grand prize winner in it.
    So there you go a 1 in 14 million chance of winning a 1,000 bucks a week for life. Not very good odds, so good luck with your strategy of buying up all the tickets, see you at the poorhouse or better yet the mental house.
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  23. #23  
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    Like others have said the lottery is basically just another tax. Politicians love the lottery, thats where they get all here pork barrel money.
    The politicians all want to ban online gambling, but you never hear any of them saying the lottery should be banned since gambling is evil. They want us all to play lotteries and go to their indian casino friends to lose money.
    Another bad thing about the lotteries is the prize structures. Our mega million jackpot is up to 137 this friday. Nobody needs to win 137 million, break the jackpot up into 137 million dollar prizes. Do you know if all states did this instead of giving the giant jackpots to usually 1 or 2 people the effect it would have on the economy. You would have all these million dollar winners spending all that money. On top of that am sure that more people would play the lottery knowing they have a better chance at winning some big money. Really are stupid people in charge of things in our world.
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  24. #24  
    Old School Timetopay's Avatar
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    If you do the pinny lean you can actually do pretty good on them
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  25. #25  
    RX Wizard cincy_'s Avatar
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    Quote Originally Posted by cd329 View Post
    Our mega million jackpot is up to 137 this friday. Nobody needs to win 137 million, break the jackpot up into 137 million dollar prizes. Do you know if all states did this instead of giving the giant jackpots to usually 1 or 2 people the effect it would have on the economy.
    With a huge jackpot, they get to tax the 137 million ... break that up into smaller prizes worth say $1,000 ... and they essentially get NOTHING.
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