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- May 20, 1992
-
- LOTTO.ASC
- --------------------------------------------------------------------
- This file is from the June 1992 - Texas Monthly which was in turn
- adapted from Austin entertainer Turk Pipkin's new book,
- The Winner's Guide to the Texas Lottery.
- It is published by Softshoe Publishing Company.
-
- This copyrighted article in its' entirety is called Smart Money and
- is written by Turk Pipkin. This file is to help those who plan to
- indulge in the soon-to-be TEXAS lottery.
- --------------------------------------------------------------------
-
- from
- Smart Money
- by Turk Pipkin
-
- Tip 1 - DON'T SPEND MORE THAN ONE PERCENT OF YOUR INCOME ON THE
- LOTTERY - MAX! You may well find yourself tempted to
- increase your chances by buying beaucoup lottery tickets.
- But no ordinary person could ever buy enough tickets to
- guarantee a win. Consider this: The most common lotto
- game has 14 million betting combinations, so if you buy 1
- ticket, the odds will be 1 in 14 million. If you buy 50
- tickets, the odds will be 50 in 14 million. Does that
- sound better? Only 1 in 54 tickets wins any prize at all.
- So don't spend yourself into the poorhouse.
-
- There is no correct or best or normal amount to bet.
- Annual lottery sales per person vary around the country
- from just $30 a year in Kansas to more than $250 in
- Massachusetts. Limiting your spending to one percent is a
- good rule of thumb. If you make $25,000 a year, that
- works out to $250 a year, or about $5 a week - plenty of
- opportunity for thrills and chills without breaking your
- budget.
-
- The best game plan is to play for the fun of it and for
- your dreams, not because you seriously believe that you're
- going to win. (Being certain that you're going to beat
- the lottery is a little like hitting yourself in the head
- with a ball peen hammer and being certain that it won't
- hurt - except hitting yourself in the head with a hammer
- doesn't cost a buck a whack.)
-
- Tip 2 - DON'T SPEND ALL YOUR LOTTERY MONEY THE FIRST WEEK; THE
- ODDS WILL GET BETTER. The first Texas Lottery game, Lone
-
- Page 1
-
-
-
-
-
- Star Millions, is an instant scratch-off game. It's easy
- to play and just as easy to lose. You buy a ticket for $1
- from a lottery vendor and scratch off the latex coating
- that conceals dollar amounts printed in six small squares.
- If three of those amounts match, you will win that much.
- Odds and prizes range from 1 in 10 to win $2 to 1 in
- 600,000 to win $10,000. The overall odds of winning any
- prize are 1 in 7.9. That's not exactly a consumer
- bargain, and it won't be long before players figure that
- out and tire of having only one chance of winning in every
- eight plays.
-
- Early burnout has been anticipated by the Texas Lottery's
- advertising and operations contractors, who are masters of
- marketing and lottery strategy. As sales fall off, they
- plan to introduce new games with better odds to keep
- players interested.
-
- So while you may be tempted to bet heavily in the first
- two games because they will offer $1 million grand prizes,
- you should consider holding off. The third and fourth
- games - scheduled to be introduced simultaneously late
- this summer - will offer a double-prize feature and a
- higher overall percentage of winners. Eventually, up to
- six different instant games will be offered at any one
- time.
-
- The main thing to remember is to watch the payout odds -
- which will be printed on the game brochures available at
- all 15,000 initial ticket outlets. These odds will change
- with each game, and you might as well concentrate on those
- that offer you the best chance of winning. Many states
- now offer instant games with very decent 1 in 4 overall
- odds, and so will Texas. Watch for them.
-
- Tip 3 - DON'T THROW AWAY A MILLION BUCKS! If you scratch off an
- instant ticket and find three windows showing the word
- "Entry" instead of a dollar amount, don't worry; you
- haven't lost. In fact, you have a chance to win big.
- Write your name and address on the back of the ticket and
- mail it to the Texas Lottery (the address is also on the
- back). Twelve drawings will be held in various locations
- throughout the state, and the lucky winner will get
- $100,000,000.
-
- What are your chances? of 300 million tickets in game
- one, 500,000 will be Entry tickets. That may not sound
- great, but remember: Not everyone who gets an Entry ticket
- will go to the trouble of mailing it in. That will
- increase the chances of those who do, so keep those
- tickets in.
-
- Tip 4 - PLAY FOR FREE! Pay attention to the promotions that may be
- offered by the lottery and by ticket vendors. For
- instance, many retailers may offer "Ask for the Sale"
- promotions, in which you get a free ticket if the clerk
- forgets to ask if you would like to buy one. Participating
- service stations will also be allowed to give away free
- tickets with a fill-up of gas, and food stores can give
-
- Page 2
-
-
-
-
-
- free tickets for buying turkeys at Thanksgiving (and what
- better symbol for a bunch of die-hard lottery players than
- a bunch of frozen turkeys?). Don't pass up a free
- opportunity.
-
- Tip 5 - DON'T WASTE YOUR MONEY ON WORTHLESS LOTTO SYSTEMS! This
- fall we will see the introduction of the big game with the
- giant jackpots - lotto, which is based on a centuries-old
- gambling game that originated in Italy. The Lottery
- Commission has yet to decide on the specifics, but the game
- will probably be a 6/49 or 6/50 lotto. This takes a minute
- to explain, so bear with me:
-
- 1) On each ticket, 49 or 50 numbers are printed; these
- numbers are called the field.
- 2) From the field, a player selects 6 numbers, called
- his pick.
- 3) Every Saturday night on live TV - possibly in the
- commercial slot just before the ten o'clock news -
- the Texas Lottery will use a special machine filled
- with Ping-Pong balls bearing printed numbers to pick
- six winning numbers.
-
- Given the size of the potential prize - you may remember
- Florida's $106.5 million - and the devastating odds against
- winning - 1 in 14 million for 6/49 lotto; 1 in 16 million
- for 6/50 - everyone wants a system. This is where you want
- to be cautious. Hundreds of overpriced schemes are on the
- market; pocket calculators, computer software, even lotto
- biorhythm charts, all ballyhooed as ways to pick winning
- numbers.
-
- And those are the more plausible scams. Once the lottery
- really gets going here, you can expect a cottage industry
- to spring up offering to convert your birthday, your
- astrological sign, and even more arcane phenomena, like
- dates of sightings of the Loch Ness monster, into mystical
- numbers that you can use to play lotto. Anyone who claims
- to be able to see the future of a lotto drawing and offers
- to sell you that information for $50 or $100 must be
- generous indeed.
-
- Worst of all, many mathematical systems can cost a bundle.
- Some of them (many are sold through the mail) involve using
- eight, nine, or ten numbers in complex betting combinations
- that necessitate spending $20, $50, or $100 a week on
- lotto.
-
- Taking these methods seriously is just asking for trouble.
- Don't spend big money on any system to pick your numbers.
- Your odds are better if you put your money into tickets.
-
- Tip 6 - DON'T PLAY FREQUENTLY BET NUMBERS! Since there is no sure
- way to make lotto predictions, the most logical tactic is
- to avoid sharing a jackpot in case your numbers are drawn.
-
- Research shows that many if not most players select low
- numbers. Why? Because they choose from the same small
- group of numbers 1 through 12 (the months), 1 through
-
- Page 3
-
-
-
-
-
- 31 (the days), and the number 19 (the century) are all
- overplayed. Of those, 3, 7, and 11, all considered to be
- lucky, are REALLY overused.
-
- Another factor favoring low numbers is that people marking
- play slips often make all six choices before they get above
- the twenties or thirties. In one drawing of the Maryland
- Lottery, 3,200 people played the numbers 1 through 6. If
- those numbers had been chosen, the winners would have had
- to split the $620,000 jackpot and would have won less than
- $200 each. Conclusion: Play at least SOME high numbers.
-
- Tip 7 - YOU CAN WIN WITH QUIKPICKS! The simplest way to pick your
- numbers may well be the best: Let the computer do it for
- you. All you have to do is tell your clerk at your lotto
- ticket outlet that you want onr or more Quik Picks. He
- pushes a button, and the machine picks six numbers for you,
- charging a buck a ticket.
-
- The reason this works is that playing Quik Picks guarantees
- that you will have random numbers. That way you avoid the
- pitfalls outlined in Tip 6, and you have less of a chance
- of sharing a jackpot with all those other people. Surveys
- in many states show that a majority of jackpot winners were
- Quik Picks. How can this be? Because the majority of
- lotto tickets sold WERE Quik Picks.
-
- Tip 8 - ALWAYS CHECK THE WINNING LOTTO NUMBERS AGAINST YOUR
- NUMBERS! Could anybody be dumb enough NOT to CHECK his
- numbers? Well, YES! In 1989 a $5.4 million Illinois
- jackpot went unclaimed for one year, was declared void, and
- the money was returned to a pool for future prizes. Every
- lottery state has had similar incidents.
-
- How does this happen? Plenty of people ask the clerk for a
- lottery ticket and get a lotto Quik Pick instead of the
- instant ticket they wanted. They stick that ticket in
- their wallet or purse and forget about it. And if they
- regularly play Quik Picks instead of playing the same
- numbers every time, they don't have the numbers committed
- to memory, and they must check the current ticket to see if
- they have won. Diggout out the tickets is more trouble,
- but the rewards could be worth it.
-
- Unclaimed prize money in Texas, you may be glad to hear,
- also will BE RETURNED to the player's prize pool.
-
- Tip 9 - PLAY LOTTERY POOLS! Lottery pools are groups of people -
- family members, neighbors, co-workers - who pool their
- money to buy more tickets than any of them could afford
- individually. If any of the tickets wins a prize, everyone
- shares the money. Whoever organizes the pool collects the
- money, buys the tickets, and keeps a simple written
- contract stating that winnings will be divided equally
- among all members.
-
- Say thirty people chip in $3 a week. Each of them now has
- ninety opportunities to win a share of the jackpot, and no
- one has spent a fortune. A $15 million jackpot split among
-
- Page 4
-
-
-
-
-
- thirty winners would pay each of them $20,000 a year for
- twenty years, after taxes.
-
- You may have read about a commercial Australian lottery
- pool called the International Lotto Fund that won $27
- million in March by covering all seven million combinations
- in the Virginia Lottery. Smooth move, but every lottery in
- the country has since changed its rules to prevent such
- massive block buying of tickets. That means your own
- lottery pool at home or work is still your best chance to
- win.
-
- Tip 10 - PLAY WHEN THE JACKPOT IS HIGH, BECAUSE SO IS THE VALUE OF
- YOUR BET! When the lotto jackpot is not won for several
- weeks, a fever grips the land. People who were previously
- blase' wait in line for hours to buy tickets. The lottery
- occupies the news, cocktail party conversation, and
- valuable work time. It is blamed for everything short of
- causing hens to quit laying.
-
- Some people think that having more players in the game will
- ruin their odds, but it's just not so. The odds of winning
- remain unchanged. The odds of having to share the big
- prize ARE higher, but since the jackpot is bigger, that
- isn't such a big deal.
-
- Maybe you'll win, maybe you won't. The point is that if
- you play for fun, you can have a few thrills, and if you
- play smart, you'll know you've done everything you can to
- boost your chances. It's like life; the odds are against
- you, but may the fours be with you.
-
- --------------------------------------------------------------------
-
- If you have comments or other information relating to such topics
- as this paper covers, please upload to KeelyNet or send to the
- Vangard Sciences address as listed on the first page.
- Thank you for your consideration, interest and support.
-
- Jerry W. Decker.........Ron Barker...........Chuck Henderson
- Vangard Sciences/KeelyNet
-
- --------------------------------------------------------------------
- If we can be of service, you may contact
- Jerry at (214) 324-8741 or Ron at (214) 242-9346
- --------------------------------------------------------------------
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