Friday, May 27, 2011

Lotto (Colorado)

Official website for Game

Single Ticket:
Cost: $1
Chances of at least breaking even:
2.9% (~34.6 to 1)


Optimal Chances:
Buying 3 ticket(s)
Cost: $3
Chances of at least breaking even:
8.4% (~11.9 to 1)


Median Prizes
(half the time prizes will be less than this amount, half the time it will be more)
10 tickets ($10): $0
100 tickets ($100): $9
1,000 tickets ($1,000): $153


**NOTE: Used historical median values of prize amounts, as they are not specifically set beforehand


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




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