Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick pickers?

[mirage]

Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick pickers?

The count down before the price increase. Seems like there is a lot of frustration out there in lotto land. Things are gonna change...
There are some who believe that this little lottery corp's experiment will turn out to be an experiment gone bad. Really? From who's perspective? The corporation's?

It seems to me that the vast majority of 6/49 lotto ticket buyers are the once or twice a week few bucks at a time quick pickers etc., and that these lotto players will probably just swallow the increase. The marketing trends are such that people are willing to spend a little more (twice as much) on very small luxuries, in this case, the dream of a bigger jackpot.

What are your thoughts?
And, btw, does anybody have any hard information concerning the proportional amount of dollars spent/revenues generated on the lottery by the typical player, (i.e, the small amount wagered, regularly playing, quick pickers, etc.) vs. the more serious players?

Why do you choose to play the 6/49 if you are a player, since the odds are astronomical?

 

[Beaker]

Re: Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick pickers?

The count down before the price increase. Seems like there is a lot of frustration out there in lotto land. Things are gonna change...
There are some who believe that this little lottery corp's experiment will turn out to be an experiment gone bad. Really? From who's perspective? The corporation's?

<snip>

Both the player and corportation will lose.

The players will not see bigger jackpots as the corp predicts. Why? Look at Super7 as an example. Tell me the last time we had $10-25 mill jackpot in that lotto that was not a bonus draw??
People hit that lotto on a regular basis with approximately 4.3x the combinations 6/49 has. We are a lucky bunch in Canada so it is reasonable to assume they'll hit 6/49 in the same way.

The corporation will not see increase revenues because the jackpots won't go higher - so the revenue won't be there.

We WILL see changes with these lottos - within a year.

Let's wait and see

 

[mirage]

Re: Re: Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick picke

Both the player and corportation will lose.

The players will not see bigger jackpots as the corp predicts. Why? Look at Super7 as an example. Tell me the last time we had $10-25 mill jackpot in that lotto that was not a bonus draw??
People hit that lotto on a regular basis with approximately 4.3x the combinations 6/49 has. We are a lucky bunch in Canada so it is reasonable to assume they'll hit 6/49 in the same way.

The corporation will not see increase revenues because the jackpots won't go higher - so the revenue won't be there.


Beaker,
You make some good points. I haven't kept track really of how often Super 7 has been won. Especially relative to its crazy odds.

But as you say, we'll see.

 

[mirage]

(Beaker, sorry about messing up the quote-I'm always in the habbit of dashing off and not previewing the posting properly).
OK, so I'm part blonde. (Dark roots??)

and I'll shut up for awhile, stop dominating the board so much and let the boys go back to more meaningful discussions.

 

[powerball]

Re: Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick pickers?

There are some who believe that this little lottery corp's experiment will turn out to be an experiment gone bad. Really? From who's perspective? The corporation's?

The lottery corporations' customer research shows that players will spend more money for bigger jackpots. There will be less tickets sold but due to the 100% price increase, revenue will go up. As the jackpots rollover to $10 million, $20 million then $25 million, even players who planned to boycott will let the emotion of greed take over and spend at least as much money as before.

And, btw, does anybody have any hard information concerning the proportional amount of dollars spent/revenues generated on the lottery by the typical player, (i.e, the small amount wagered, regularly playing, quick pickers, etc.) vs. the more serious players?

Roughly 70% of tickets sold (and jackpots won) are Quick Picks. Casual Quick Pick players can more easily buy half as many tickets as before so that they won't spend more money. It is the "serious" players, who naively think that "predictive" systems and wheels will win them the jackpot, that will have a harder time reducing their wheel sets in half.

Why do you choose to play the 6/49 if you are a player, since the odds are astronomical?

Many players correctly view 6/49 as cheap ENTERTAINMENT. They can dream about becoming an instant millionaire until draw night which makes their job and/or life more bearable.

Lottery corporations love the "serious" players who naively think that lotteries are an INVESTMENT; if they spend enough time and money on their wheeling "systems" trying to predict the unpredictable, they think that they will have a positive return on investment despite the astronomical odds.

 

[Brad]

Re: Re: Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick picke

Lottery corporations love the "serious" players who naively think that lotteries are an INVESTMENT; if they spend enough time and money on their wheeling "systems" trying to predict the unpredictable, they think that they will have a positive return on investment despite the astronomical odds.

... how many seriously naive players do you know? Anyone who thinks of the lottery as an investment probably belongs to the 4% of ppl who have a gambling problem (unless they consistently break even or better, and a few who can do that are not naive of course).

However, I do agree with your other statement "players correctly view 6/49 as cheap ENTERTAINMENT" ... I would maybe add looking at it as a challenge or a hobby for those who like numbers.

 

[hot4]

Re: Re: Anybody know ratio of $$ played by "real players" vs the few $$ a draw quick picke

Originally posted by powerball

The lottery corporations' customer research shows that players will spend more money for bigger jackpots.

OK. That's the first commandment of lottery corporations.

Roughly 70% of tickets sold (and jackpots won) are Quick Picks. Casual Quick Pick players can more easily buy half as many tickets as before so that they won't spend more money.

If bigger jackpots make players spend more money how do you know that Casual Quick Pick player will not spend more money? With such certainty there's no need to predictions indeed

It is the "serious" players, who naively think that "predictive" systems and wheels will win them the jackpot, that will have a harder time reducing their wheel sets in half.

You don't understand why Charles2, Beaker and so many players, are from months ago, telling that perhaps, they will spend their money in another lottery, do you?

 

[Dennis Bassboss]

I have been playing lotto for quite a while....and I'm having more to spend today than what I had yesterday...
So I'm helping my community more...The non educated poor people especially...