Tag: Lottery

Powerball Lottery Winning Numbers For January 29

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Update:

Tonight’s winning numbers are

9, 12, 15, 31, 60, Powerball 2

Power Play 2x

 

The Powerball jackpot continues to climb, as it’s now reached a staggering $394 million prize ahead of tonight’s drawing. (Stay tuned to PlayUSA tonight — we’ll post the winning numbers here when they are drawn at 11:59 EST.)

Nobody came forward to claim the $366 million lottery prize on Saturday, however, three people (from Minnesota, North Carolina, and Texas) were able to match five balls claiming $1 million each.

Another hefty Powerball jackpot

Tonight’s $394 million jackpot has a cash value of $274.6 million, according to the Powerball organization. It will be the highest since March of last year when the pot reached $768.4 million.

Additionally, residents playing Powerball and Mega Millions in Pennsylvania now have the ability to purchase their tickets online via the iLottery platform. So, if you don’t feel like leaving the house, you still have the chance to hit it big.

But before you try and purchase a dozen tickets from the comfort of your home a few basic rules do apply.

  • Players must be 18 or older and be physically located in PA
  • You must set up an iLottery account
  • New account holders must submit proof of age and identity

The Powerball prize keeps going up

The Powerball prize has been steadily growing since it was last won on Nov. 2. Powerball tickets are only $2 each, so the return on investment, should you win, is extremely significant. But with any lottery game, the odds are never in your favor. The chances of winning Powerball are 1 in 292 million. To put things in perspective, you probably have a better chance at hitting a 15-team parlay bet at a sportsbook.

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Review of Chris Malcolm’s Lottery System

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How To Crush The Lottery…

This is the claim of Chris Malcolm, a professional gambler who has has created his own lottery system. I purchased this product to see if it was legit or if it was just another “system” that sounds good on paper, but would produce no results in the real world.

The system included 5 products:

  • Learn How To Win The Pick 3 Lottery Consistently
  • How To Crush The Pick 4 Lottery
  • Learn How To Win The Pick 5 Lottery Consistently
  • Proven System To Dominate The Pick 6 Lottery
  • Hidden Secrets Revealed On How To Win Thousands Playing Scratch-Off Lottery

Now I’ll protect copyright laws and not reveal any specifics about any of the systems, but I’ll give a general idea of what each is about.

Pick 3 System

This is probably the weakest system in the package. Because of the large amount of tickets you have to purchase (and the cost of playing them all) every day, this system is neither convenient nor profitable in my opinion.

Your numbers will probably hit multiple times per month, but because the payout is so small on the Pick 3, the cost of playing multiple tickets every day will outweigh the wins.

Pick 4 System

This system is more economical because you’re not playing as many tickets as the Pick 3. However, picking winning numbers is much more difficult because you have an extra digit to predict.

Also, in the Pick 4 it’s more likely that a number shows up twice in the drawing (example: 2-0-8-2). That creates an entire new element as you have to decide what digit, if any, may show up twice.

I tried the Pick 4 system for a week with no wins, and then tracked the Pick 4 numbers on paper along with the numbers that I would have used, and my “hypothetical” numbers didn’t hit either for a whole month.

Because the Pick 4 has smaller payouts as well, you have to win at least twice a month to make a small profit.

I don’t see this system as money-maker either.

Pick 5 System

I don’t have a Pick 5 lottery where I live, so I can’t say what kind of results you’ll get with this system.

I will say that this system does give some good general tips on picking lottery numbers. You should definitely use these guidelines when picking numbers for any lotto game you play.

Pick 6 System

The Pick 6 is the granddaddy of lotteries because the jackpots are so large. Normally millions of dollars.

Malcolm’s Pick 6 strategy is good and bad.

His method of picking numbers with this system is ineffective in my opinion because it is based on a faulty gambling theory.

However, he does provide a chart for picking numbers that I think is worth the cost of the system (which was $47 when I bought it). The chart provides a way to pick multiple numbers and use a wide variety of combinations with these numbers so you can increase your chances of winning.

You should use the chart, but use a different method of picking numbers.

In fact, use the chart, but use numbers based on the tips he gives in his Pick 5 system. That’s the strategy I used, and I did enjoy some small wins in the lottery. (I hit 3-out-of-6 numbers on multiple tickets a couple times).

Scratch-Off Lottery System

This is an entertaining read about playing scratch tickets, and actually does give some good tips on winning money at these games.

By using just one of the tips he offered in this system, I have been consistently winning small prize payouts. I haven’t won anything big, but I have enjoyed several $6, $10 and $25 payouts.

You would have to commit some time and money to hit the big prizes, but I believe it can be done.

Summary

Overall, the products are interesting and do provide some good tips of increasing your odds in lottery games. In reality, that’s all you can do – increase your chances.

There’s no system that can guarantee you a lotto win or help you “crush” lottery games, so keep that in mind with this or any other lottery product being sold.

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Source by Sean A Christopher

Categories: Sports Betting

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Casino, Sports Betting, and Lottery – A Comparison of the House Edge

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The house edge, which is the commission that a gambling agent such as a

casino, a sportsbook (bookmaker), or a lottery administrator charges, is a

yardstick that measures how a specific gambling game is fair and reasonable.

It is one of the most important factors that every player should consider whenever he/she is engaged in any type of gambling, inasmuch as it indicates how much of the money wagered goes to the gambling agent’s pocket and how much is redistributed to the winners. Indeed, a house edge cannot be zero since casinos, sportsbooks, and lottery administrators have to make some money in order to cover their expenses, and to make some profit as well. Yet, a high house edge simply means that the players are unnecessarily being ripped-off, and as a result, any gambling game with a high house edge should certainly be avoided by a

knowledgeable gambler.

In this article, we shall compare, in the simplest way

possible, the house edges of a roulette, an evens-odd betting, and a Cash 3

lottery game as representatives of the three major gambling categories.

The Equation

The easiest way to compute a house edge is to compare the actual winnings that are

paid by the respective agents to the winnings that would be paid in a

fair game or bet. A fair game or a fair bet is one in which no commission

is involved; an obvious model is a game between friends. Therefore, in

percentage form, the house edge is obtained by subtracting an actual game winning

from a fair game winning and dividing the result by the fair game winning,

finally multiplying by 100. Thus,

House Edge = [ (fair game winning – actual game winning) / fair game winning ] *

100

Roulette

Because of its simplicity and popularity, we shall consider the roulette as a

representative casino game. A European roulette wheel has grooves marked by the

numbers 0 to 36; the American wheel (also called Las Vegas wheel) has an

additional groove marked as ’00’. So, the European wheel has a total of 37

numbers, while the American wheel has 38. Internet casinos usually make available

the option to select the type of wheel the customer prefers, but the brick and

mortar casinos normally offer only one type. The winning number in a roulette

game is the number corresponding to the groove where a spinning ball lands.

Now, consider a fair game in which 38 friends are playing the roulette at home,

and each one selects a number and places a $1 bet on the number (no two or more

players wagering on the same number). When the ball is spun and lands in a

groove, the number marking that groove will be the winning number.

The person who has selected this winning number collects all the money on the

table thus making him win $37. On the other hand, if the game were conducted in

a casino, the winner would be paid only $35. The difference between the two

winnings applied in the above equation gives us the house edge of a roulette game

as

( 37 – 35 ) / 37 * 100 = 2 / 37 * 100 = 5.4%

This means that every time you spend a $100 on an offline or online casino roulette, $5.40 goes to the casino and the rest is redistributed to the winners. Evidently, there are quite a number of casino games and the house edge varies

from game to game, many of them having a house edge less than that of the

roulette. For obvious reasons, a good gambler always prefers games that have low house

edges, while the casino itself loves those games with high house edges. For example,

the house edge of craps is 1.4% which makes it one of the most preferred casino

games by the players.

Even-odds Sports Betting

Again, because of its simplicity, we shall consider an even-odds betting as a

representative of this category of gambling. By even-odds we mean that the event

(usually a sports game) has equal chances of going either way. An example is a

tennis match between two competitive players each of which has an equal chance

of winning the match.

A fair bet, in this case, is just a simple bet between two friends who just

pick one of the tennis player as winner. If these two friends wager $1 each, the

winner will collect $2, thus winning $1. If instead the bets are placed

through a sportsbook, the winner will collect only $1.91, since the odds of an

evens game at most bookies and online sportsbooks is 1.91. If you are not familiar with the

decimal representation of odds, 1.91 is the same as 10/11 in UK notation and

-110 in US odds notation. Odds of 10/11 mean that you’ll win $10 when you wager $11; and odds of -110 mean that you have to wager $110 in order

to win $100. Anyway, since the winnings paid by a sportsbook is only $0.91, the house

edge of an even-odds betting
will therefore be

( 1 – 0.91 ) / 1 * 100 = 0.09 * 100 = 9%

So, this is how sportsbooks make a living. Since several internet sportsbooks offer odds higher than 1.91 in order to lure

bettors, the house edge could be smaller than 9%, which is one of the things that the bettor should be looking for when searching for a sportsbook. On the other hand, if the bettor is

wagering on parlays the house edge would be significantly higher than 9%; for

big parlays, it could go as high as 40%.

It should be apparent by now that the gambler is better off with casino games

than sports betting. It should also be noted that while the house edge could

be a major factor to consider while selecting a gambling game, it is by no means

the only one. For instance, one should consider the fact that casino games are

mostly games of chance, while sports betting also involves a learned decision in

selecting a pick, consequently leading to a higher probability of winning a bet.

Cash 3

Depending on the state you are in, this lottery game may be known by a

different name such as Pick 3, Play 3, Daily 3, etc. In this game, the player

selects a three-digit number from 000 to 999, and plays the number as a straight

or as a box. A straight play is a prediction that the number will come exactly

as selected while a box is a prediction for the number to come in any order. For

instance, if a player selects the number 672 and plays it straight, he/she will

win if the number drawn is exactly 672. Instead, if the player plays 672 as a

box, he/she will win as long as the drawn number contains a 6, a 7 and a 2, in

any order (276, for example). Obviously, a straight game pays much more

than a box game for the same amount wagered.

Now consider 1000 friends (maybe in a club) selecting a number as a straight,

each for $1, so that all the 1000 possible numbers are covered. When the winning

number is drawn, the person who has selected that lucky number will be deemed a

winner and will cash in all the $1000 collected, so making him win $999. This is

a fair game. In the case of state lotteries, however, the winner will be paid

only $500 in most states. Some states may pay a little bit less, others may pay

a little bit more, but $500 is more or less the standard. The winner therefore

wins $499. The house edge for a Cash 3 game will therefore be

( 999 – 499 ) / 999 * 100 = 500 / 999 * 100 = 50%

This house edge applies not only to the Cash 3 game but also to all state

lottery games such as Play 4, Cash 5, Mega, Fantasy 5, Lotto, Power Ball, etc.

So, whenever you are playing the state lottery, remember that you are wagering

only half of your money on the actual lottery; the other half, you are

just giving it away. Where this other half goes is not the gambler’s concern,

since his/her main objective is to win some money in order to pay the ever

present bills, or to get out of a miserable life, or to change his/her

20-year-old car. As regards contributing to education and other noble causes,

there are other means of collecting money called taxes and charities.

Unfortunately, many states do not allow casino games, and furthermore,

sports betting is illegal in the United States. The player is therefore left

with no choice but to cross state borders in search of a casino, or more

recently, to engage in online sports betting through the several offshore

internet sportsbooks. Nowadays, there is a plethora of trustworthy online

casinos and sportsbooks operating from Canada, the UK, Antigua, Costa Rica, and

so on.

The Conclusion

As far as the house edge is concerned, it has been shown that casino games

are the best choice for the gambler. On the other end, any state lottery is a

pretty miserable game to play. Nevertheless, besides the house edge, there is

also the possibility of winning to consider.

Casino games, like lotteries are mostly games of chance; the player just

selects a number or numbers and waits to see what luck brings him/her. There is

absolutely no basis to prefer one number to others. Some people try to analyze

previously drawn numbers in order to see the trend and predict the next numbers.

This strategy may work a few times, but not always. Keep in mind that it is the

players, and not the machines, who remember the previous numbers. In short, the

possibility of winning a roulette or the lottery entirely depends on luck.

While there is little or nothing that a roulette or a lotto player can do to

initially select a possible winning number, the situation could be quite

different in the case of betting. With a lot of information and some assistance from

sports handicappers, it is possible to predict the outcome of a sports event

with more certainty than predicting a Cash 3 number.

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Source by Melkam Dirset

Categories: Sports Betting

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Potential Lottery Fraud, MI Sports Betting & A Casino Giant

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Certain headlines, tweets, email subject lines or even text messages make you step back and shake your head.

Shake it off, you think. Let’s try reading that again to make sure I indeed saw what I saw.

You’re not alone. Happens all the time. But despite any head-scratching stories (Josh Shaw, anyone?), we must persist and keep up with US gambling news for better or worse.

Time to pause, rewind and recap the biggest stories that have happened across the USA.

Pennsylvania Lottery goes under the microscope

Over the past year, the Pennsylvania Lottery has reached levels it had never before reached. Records have fallen. State residents’ lives have changed. And it has certainly attracted headlines.

But so, too, has it attracted the attention of the Pennsylvania auditor general: Eugene DePasquale. Focusing on repeat winners, DePasquale intends to audit the state lottery and conclude if it is meeting the standards to prevent fraud by winners and lottery retailers.

In collaboration with the Columbia University Graduate School of Journalism, as well as with four other newspapers, PennLive conducted a national investigation that uncovered potential illegal activity connected to the frequency of these lottery “winners.”

An example used is a Massachusetts resident who has turned in over 7,300 winning tickets worth $10.8 million. The player purchased winning tickets from other players at a discount, a scheme that apparently necessitates the cooperation of lottery retailers.

Upon hearing of this case, which began in 2016 and came to a conclusion earlier this year, DePasquale sat up. If nothing else, he said, he simply wants to “ensure that the Pennsylvania Lottery is doing everything possible to prevent and stop any fraud.”

The lottery, which endured the “Triple Six Fix” era of fraud some 40 years ago, recorded $4.5 billion in sales during the last fiscal year and awarded nearly $3 billion in prizes.

Sports betting on the way to Michigan?

The on-again-off-again-on-again-off-again nature of Michigan sports betting appears to be on again.

State Sen. Curtis Hertel Jr. told Legal Sports Report that negotiations between stakeholders and Gov. Gretchen Whitmer have progressed swimmingly.

In fact, he added, “I fully expect the bills (to legalized sports betting and internet gambling) will be on the governor’s desk and signed before Christmas.”

Considering the wide gap that separated lawmakers from governor recently, this progress comes as a bit of a surprise. The stickiest point, it seemed, was the tax rate set for iGaming and sports betting. While the governor hoped for higher rates (thereby guaranteeing a hire kickback for the state’s school system), stakeholders targeted lower rates.

In previous efforts, a different governor vetoed similar bills for similar reasons. Per Legal Sports Report, however, Hertel has played the role of mediator: helping forge negotiations from both sides of the table. As such, gambling expansion in Michigan appears well on its way.

It’s all coming together: Eldorado-Caesars merger approved

One of the more anticipated mergers of the year finally received shareholder approval.

Holding Special Meetings of Stockholders on the same day, Eldorado Resorts and Caesars Entertainment received approval to move forward with the merger.

Over the summer, Eldorado announced it would acquire Caesars, “reflecting total consideration of approximately $17.3 billion,” according to a release at the time. The transaction is expected to finalize within the first few months of 2020.

Eldorado has certainly been active over the past year. Among the various properties it has acquired, Eldorado added seven casinos from Tropicana Entertainment.

But this deal, with Caesars, this takes the cake. After all, only Penn National is present in more states than Caesars. And Eldorado has casinos in 12 states. Combined, the new group boasts over 60 properties across 17 states–many in the gambling capital of Las Vegas.

No doubt, Eldorado-Caesars will become the largest, and certainly more powerful, casino firm in the world.

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