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Covers or Wheels with Guarantees and Unique 3's
 LottoPoster Forums : NUMBER SETS TO PLAY FROM DIFFERENT METHODS : Covers or Wheels with Guarantees and Unique 3's
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Colin F
Lotto Systems Tester Creator & Analyst
Lotto Systems Tester Creator & Analyst
To dream the impossible dream ...

Joined: September 30 2004
Location: Australia
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Posts: 678
Quote Colin F Replybullet Topic: Percentage Return for Guarantee in 6/49 Lotto
    Posted: April 19 2007 at 11:01pm
Percentage Return for Guarantee in 6/49 Lotto
by Colin Fairbrother
These guaranteed Percentage Return figures (ie Benefit/Cost * 100) are based on current best optimized Covers for a 6/49 Lotto game with a cost per ticket or line set at 50¢ and with payouts set at $2.00 for a Three prize, $40.00 for a Four prize and $1,500 for a Five prize. Any variation with the prize payouts will not make much difference.
The reason the 3if3 Percentage Return stands out is because you get mainly 20 threes per draw for an outlay of some $546.00 per draw which no one in their right mind would do.. For 1092 plays or tickets probability says 1 Four (which pays as much as 20 threes) and 19 threes - you can see the distortion ie You should be looking at 1 Four prize and 19 Three prizes to give about 14.5% but you don't have a guarantee on the Four - for that you need to outlay some $2,000.00 and then your return goes down to 2%. Therein lies the reason why I think an obsession with finding the minimum set of numbers to guarantee the lowest tier prize as in a C(49,6,3,6,1) Cover works against you. The thrust should be on maximising the return as in any game of chance. I can think of no other game where the basic concept of Covers ie a win at any cost and at every participation - is promoted - but rather the concept of win some lose some but be ahead in the long term if possible is the norm. If you are a regular player of Lotto then unless you win first prize you are doomed pretty well to be on a losing streak - the best you can hope for is to mitigate your losses along the way.
Without a doubt Lotto or Lotteries are one of the biggest cons perpetrated against the wagering public by Governments with payouts for the lower prizes that are some 30 times less than that obtainable from what are considered less attractive forms of gambling. They are monopolies and if subjected to competition from the private sector would not exist in their current form. Any self respecting Company charging the amount Government run Lotteries do for the return given would be held up to public scorn, derision and boycott. This con is only topped by the myriad of shysters, swindlers, slitherers, con artists, dirt bags and charlatans (I'm sure I left someone out) that misrepresent Covers or Wheels as returning ludicrously more than that which can be demonstratably proven.
Colin Fairbrother
Lotto Draws have no relationship to one another; the integers serve just as identifiers. Any prediction calculation on one history of draws for a same type game is just as irrelevant as another.
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