Monday, September 20, 2010

What Are the Odds?

The odds of winning money from a $1 scratch off ticket are about the same as winning off a $2 scratch off ticket, but the prizes are significantly greater (up to about 5x the amount). Does it make more sense to get 2 $1 scratch offs or one $2 one? (I know it makes the most sense to get none. I'm looking for the one that makes the second most sense.)


  1. This one's easy. So long as you're playing the same number of times and the chances of winning are equal, then you should play the $2 scratch-offs if the average award is at least twice as much.

  2. I wouldn't be playing the same number of times, just spending the same amt of $. I'd either get 2 $1 tickets or one $2 ticket. That's the dilemma.