Tuesday, April 20, 2010

Millionaire Raffle (Michigan)

Official website for Game

Single Ticket:
Cost: $20
Chances of at least breaking even:
1% (~99.7 to 1)


Optimal Chances:
Buying 25 tickets
Cost: $500
Chances of at least breaking even:
8.1% (~12.4 to 1)


Median Prizes
(half the time prizes will be less than this amount, half the time it will be more)
10 tickets ($200): $0
100 tickets ($2,000): $100
1,000 tickets ($20,000): $2,300


**Since only a finite number of scratch tickets were printed, overall odds used and number of winners may vary based on manufacturer's omissions, unsold tickets, reorders and unclaimed prizes.


GRAPHS:
(up to 10 tickets, 100 and 1,000)
(click to see enlarged)



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