View Single Post
Old 16th August 2006, 05:25 PM   #1 (permalink)
XGoldenGameX
Rank: Member
 
XGoldenGameX's Avatar
 
Last Online:
15th September 2008 05:19 PM

Join Date: May 2006
Posts: 30
Default Scratch Card Odds Worked Out

Hi there recently I got my hands on 250 lottery cards which were left over from a shop closing down. They had no value as they had to be scanned through the till in some way to validate/activate them.

So for interest sake I scratched all 250 of them and took down the odds, wins etc.

The cards were £1 'Gold Medal' must be 2012 games based.

Odds on card said chance of winning card is 1 in 4.91 and yes in my study this was correct.

Of the 120 cards Losing cards = 97 / winning cards =23

Wins totalled £60 therefore 50% money back
__________________
Give a man a pound and he can gamble for a minute! Give a man a bag of pounds and he will be skint in minute!
Digg this Post! Del.Icio.Us this Post! Technorati this Post! Furl this Post! Mister Wong this Post! Newsvine this Post! Spurl this Post! Reddit this Post! Netscape this Post!
vChips: 863

XGoldenGameX is offline  
Reply With Quote
Sponsored Links

You are seeing these advertisements because you have not registered, or have not logged in to the forum. Login at the top of the screen, or Click HERE to register!