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Pick5 Payouts

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guys was wandering if you all could tell me your ideas about payouts.

number1. What do you think would be the best payout in any pick5 (only in pick5) provided it selects 5 numbers that go from 1 to 35.

number 2. What you think is the best payout "SHARE" in percentage.

number3. What if the game pick 4 numbers from 1 to 35 and a bonus ball from 1 to 30. In this case what payout will be the best payout.

Here i have the payout of the Pick5 "Badger 5" game in Wisconsin. It selects 5 numbers from 1 to 31. Is as follow:

5 of 5 : Jackpot

4 of 5: $ 50

3 of 5: $ 2

2 of 5: $ 1

if it was me i would make the game the following:

5 of 5: Jackpot

4 of 5: $ 75 or 100

3 of 5: $ 15

2 of 5: $ 5

1 of 5: $ 1

I appreciate your opinions/ideas.

 

michael

johnph77's avatar - avatar

Lotteries are not in the business of giving money away. Instead, they'e more of a voluntary tax, so to speak.

I did a quick workup of a 5/31 game with the payouts you suggested and came up with this:

 

Draw 5HitPossibilitiesOdds - 1::BetPrizeTotalPercentage
3151169911.001000.00
 41301307.01 7597505.74
 3325052.28 154875028.69
 2260006.54 513000076.51
 1747502.27 17475043.99
 0657802.58 000.00
  1041311.63  263250154.93
  169911     

Note that, even without the jackpot, the payout percentage is 154.93%. Any lottery awarding these payouts would be operating at a loss.

Here's a workup on the 4/35+1/30, without payouts:

 

2 Fields - Draw 4+1HitPossibilitiesOdds - 1::BetPrizeTotalPercentage
354+111570800.001000.00
3042954165.52 000.00
 3+112412667.74 000.00
 33596436.82 000.00
 2+12790563.01 000.00
 28091019.41 000.00
 1+11798087.36 000.00
 15214203.01 000.00
 0+13146549.92 000.00
 09124851.72 000.00
  15708001.00  00.00
  1570800     

1,570,800 total possibilities.

gl

j

Coin Toss's avatar - shape barbed.jpg

The Illinois Little Lotto ( 5 / 39) is a jackpot that starts at $100,000 and grows until hit, the lower prizes are

 4 of 5  $100

 3 of 5    $10

 2 of 5    $1

So on other words, if you're watching the drawing and you don't have a number it goes

hoping for the jjackpot, hoping for $100, hoping for $10, maybe $1, darn!

 
It used to be a top prize of a constant $200,000 ( 5 / 30) and the lower prizes were an aggregate payout depending on if the jackpot got hit or not.

The old game was much better.  

 

 

calabs's avatar - bass fret.jpg

NJ Cash 5 has 40 balls.  Their payout varies:

Jackpot starts at $50K and keeps rising until someone hits

4 of 5 payout varies, but ranges between ~$350 to over $600

3 of 5 payout varies, but averages $10-12

There is no compensation for 2 of 5

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$50 for 4/5 and $2 for 3/5 seem very small for a Pick 5 game. But the two-number prize in the 5/31 seems to make up for it.

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tennessee starts out at a pathetic 40,000 dollar pot.....

Todd's avatar - Cylon 200.jpg

<Moved to Pick 5 forum>

RJOh's avatar - chipmunk

johph77 writes:
"Lotteries are not in the business of giving money away. Instead, they'e more of a voluntary tax, so to speak."

As they said at the Ohio lottery, for a dollar you'll have lots of fun.Wink
 

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