Thursday, April 7, 2011

2by2 Tuesday (Nebraska)

Official website for Game

Single Ticket:
Cost: $7
Chances of at least breaking even:
1.5% (~65.3 to 1)


Note: While technically the 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 14 ticket(s)
Cost: $98
Chances of at least breaking even:
11.7% (~8.6 to 1)


Median Prizes
(half the time prizes will be less than this amount, half the time it will be more)
10 tickets ($70): $9
100 tickets ($700): $175
1,000 tickets ($7,000): $1852


**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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