Wednesday, May 19, 2010

$2,000,000 Extravaganza (California)

Official website for Game

Single Ticket:
Cost: $5
Chances of at least breaking even:
18.2% (~5.5 to 1)


Note: While technically the free ticket is a breakeven prize as they are both worth the same amount, they are not equal as you can not exchange the free ticket for a cash amount and walk away break-even. You are forced to continue playing the free ticket (and possibly again and again...) until you either lose or win a prize. More likely than not you will lose. This drops your chances of at least breaking even from the stated amount on the website to the odds calculated above.


Optimal Chances:
Buying 1 tickets
Cost: $5
Chances of at least breaking even:
18.2% (~5.5 to 1)


Median Prizes
(half the time prizes will be less than this amount, half the time it will be more)
10 tickets ($50): $16
100 tickets ($500): $190
1,000 tickets ($5,000): $1948


**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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