Tuesday, December 11, 2012

Prize Tiers


Here's an example of prize tiers from a Texas Lottery scratch-off game.
Game Name: Texas Lottery Black-Series IV-Limited Edition
The overall odds of winning any prize from this game are 1 in 3.29

It's a $10 game with 10 prize tiers:

Prize Amount    Tier
$1 MILLION           1
$10,000                2
$5,000                  3
$1,000                  4
$500                     5
$200                     6
$100                     7
 $50                      8
 $20                      9
 $10                    10

If you split these prize tiers in half the top half would be $1 MILLION down to $500 (prize tiers 1 to 5) and the bottom half would be $200 down to $10 (prize tiers 6 to 10). When playing scratch-off games you can expect that most of your prize wins will come from the bottom half of prize tiers because the odds of winning prizes from the top half of prize tiers are much worse than the bottom half. Don't be discouraged by this because this is the norm, however, if you have never won a prize from the top half of prize tiers the strategies outlined in WINNING SCRATCH-OFF STRATEGIES can help you find those prizes.

No comments:

Post a Comment