The New York Lottery has nearly four dozen different “games”, i.e. But if you are going to gamble, wouldn’t you like to gamble on the game which has a best payout? Here’s how. It should come as no surprise that the odds are against you. The mere possibility of winning, no matter how improbable, is all the encouragement that these people need. Unfortunately, this statement is logically equivalent to “you might win.” And somehow this is all some ticket buyers ever hear. And so on for the other ticket face values. If you buy a $30 ticket (yes, they have one), you’ll probably lose $30. So if you buy a $1 ticket you’ll probably lose $1. The easiest calculation is the amount you will probably lose. I received a call from Noelia de la Cruz at Business Insider for an article she was writing about scratch-off tickets at the New York Lottery, “ We’ve Figured Out What New York Scratch Ticket Has The Best Payout.” Update 2 See HaroldW’s comments: the tickets aren’t the same! But in making this error, it reveals that the New York Lottery has one gamble which is near enough a sure thing (at least to break even), a very odd situation. I’ve reworked the text to correct my error, which was small in most cases- except in one important place.
Update See the comments, but thanks to readers’ arguments I believe I was wrong in an essential calculation.
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