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If I bought 240, £2 lottery scratch cards


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27 minutes ago, Spike said:

You'd probably have a better time with low return sports betting with high wagers.

 

6 minutes ago, Bluebird Hewitt said:

I bought a couple of scratch cards recently and think I saw the winning odds (according to the scratch cards) were something like 1 in 3.7 to 1 in 4.2 (depending on the scratch card in question). That's for any prize however and likely to be the lowest one.

Either way, like @Spike said, I wouldn't bother.

I'm not going to do it lads, just thought it would be an interesting question.

Surely a few hundred quid cards in the 240 roll though. I'd say you'd make back the £480 myself.

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33 minutes ago, Devil said:

 

I'm not going to do it lads, just thought it would be an interesting question.

Surely a few hundred quid cards in the 240 roll though. I'd say you'd make back the £480 myself.

That would mean the lottery company is making a loss on every 240 roll?

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12 hours ago, ...Dan said:

That would mean the lottery company is making a loss on every 240 roll?

Mate, it's a scratch card of course there is a risk involved but there is still a chance there are big wins in there.

I'm not for one second suggesting every roll has more than the value in them. 

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19 minutes ago, Devil said:

Mate, it's a scratch card of course there is a risk involved but there is still a chance there are big wins in there.

I'm not for one second suggesting every roll has more than the value in them. 

There is a chance, but I'd say it's a slim one... 

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I did know someone who won £100 pound on a scratch card once and thought he would be clever and go and buy another 100 with the winnings and ended up with about £30 quid from all of them.. I think it's safe to say they are designed to recoup any winnings paid out.. If you win say £20 on one of them then I reckon they wouldn't have another winning card for the next 20 in a row until that has been recouped or the amounts paid out in those 20 would be very low like a £2 quid or something... 

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On 24/09/2023 at 05:21, Devil said:

 

I'm not going to do it lads, just thought it would be an interesting question.

Surely a few hundred quid cards in the 240 roll though. I'd say you'd make back the £480 myself.

On average you will lose money and the company selling the tickets will make money. 

Of course you may get lucky and be the person who actually does win from that, but the more tickets you buy the more likely you are to converge on the average result of you losing money.

 

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