Which Lotteries Are Better – Instant Scratch-Off Tickets Or Terminal-Based Games?
Here's a dilemma - You can only buy one lottery ticket; it could be an instant scratch-off or a ticket from a terminal based game. Which one would you choose? Which of the two lotteries are better? If it were me making the decision, I would base my choice on the lottery has the best […]
Here's a dilemma - You can only buy one lottery ticket; it could be an instant scratch-off or a ticket from a terminal based game. Which one would you choose? Which of the two lotteries are better? If it were me making the decision, I would base my choice on the lottery has the best odds of winning. So, than, which of the two lotteries are better? No matter which lottery you play, they all have different odds. But here's a rule-of-thumb - Instant scratch-off tickets almost always have better odds than terminal-based games. So if you could only choose one, you should choose the instant lotto game. Here's an example - New York Lottery has a terminal-based game called Sweet Million. It offers a jackpot of $1 million. The odds of winning the jackpot are approximately 1-in-3.8-million. Now, let's compare that to an instant scratch-off game from New York Lottery. There are many games to choose from, but I'll use a game called $1,000,000 Cash بازی انفجار, which also offers a $1 million jackpot. The odds of winning the jackpot in the scratch-off game are approximately 1-in-2.6-million. As you can see, the odds in the scratch lotto game are better and I would choose it over the terminal-based game. Now you know which type of lottery game you should choose if you could only choose one. However, Instant scratch-offs tend to cost more than terminal games. In the New York Lottery example, the scratch-off costs $5 and the terminal game costs just $1. In this example, for the price you pay for $1,000,000 Cash Blast game, you could buy five Sweet Million lottery tickets. With five tickets, your odds of winning would change to approximately 1-in-760,000, which suddenly makes it a better buy. Thus, even though, one-to-one, scratch tickets have better odds, dollar-for-dollar, it's actually terminal based game that have better odds, making them a better lottery to play.