As in almost all gambling games, however, the probability of winning is not the
main concern. Rather one wants to know what one can on average 'expect' to win when
playing the game. To compute the expected payoff one multiplies the amount
of each payoff times the probability (odds) of getting that payoff and adds these together:
1000/240,000 + 500/48,000 + 100/12,000 + 50/1,920
+ 25/600 + 20/600 + 10/300 + 8/300 + 6/300 + 5/100 + 4/60
+ 3/42.86 + 2/15.79 + 1/7.89 = .644.
Thus, the expected payoff on this $1 ticket is 64.4 cents.
Expected payoffs on other Instant Games can be computed similarly, and
the above result is typical of these games--see below.
(Note, however, that most games cost more than $1 to play, but, in general,
the more they cost the higher the expected payoff!)
Some other games are (Note: There are inconsistencies in the information given in the sites marked by *):
$200,000 Mega Slots
