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
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