The recommended game for play continues to be More Lucky Lines. One hundred and seventy-five of the 908 top prizes have been claimed. This suggests that 19% of the tickets remain to be sold. The reason that the game is recommended is that all three of the $75,000 Grand Prizes remain outstanding.
This means that your chances of winning a Grand Prize stand at one in 200,000 as opposed to one in a million at the outset of the game.
The game itself is very horizontal in its structure. This is to say that the majority of prizes are of the small variety. This is quite different from a game like LottoMax where there is one winner and everyone else fights over scraps. Your chances in that game of winning $20 are over 80-1. In a game like More Lucky Lines your return should mirror the published information. There is one winning ticket in every 3.27 tickets sold and the overall return is 64.95%. The more tickets one buys, the more likely it is that your results will mirror those numbers. I have purchased seven tickets so far. Four of them were winners returning a total of $22. Based on the numbers, I should have expected to have 2 winners and a total of $14. The game is flattened even further by having a second prize of only $5000. Most $3 games like this one have second prizes of $25,000.
The good news is that with this sort of churn, I can continue to reinvest winnings in pursuit of those three outstanding Grand Prizes. With a chance to win of one in 200,000, and with 7 tickets purchased, my chances were one in 30,000.
But there is a problem: the tickets are very hard to find. Every store I go into tells me that the game has been cancelled. This is not true, as of today. I estimate that 19% of the tickets remain to be sold which represents over 600,000 tickets. But the OLG is not providing the sellers with any more tickets. I've asked my local sellers to ask the OLG person why they are not providing them with tickets for this game. They look at me like I'm a martian.
There are five reasons why an existing game can be canceled. Here they are:
Experience tells me that if the OLG were to cancel this game now, only reason number 3 could apply. The wicked aspect of this is that sales are largely a function of availability. The OLG can argue that the game is no longer popular as there are no tickets being sold. It's a self fulfilling prophecy if you don't offer the tickets for sale. The conundrum is that the OLG has sold over two million tickets for this game and they have yet to give away a Grand Prize. If you were to buy tickets to a raffle and found out later that no prize was given away, how would that sit with you?
I imagine that inside the bowels of OLG headquarters there is thinking going on that goes as follows:
Do you see the ethical dilemma? I suspect that the OLG has a blind spot here based on what I have seen before in similar circumstances. In general, tickets begin to become scarce once 90% of the tickets have been sold. The scarcity here began when slightly more than 20% of the tickets remained.
My advice is to get out there now and try to find tickets for this game before the bean counters at OLG put their interests ahead of yours. Let me know how you make out and, as always, only play within your personal budget. The odds are always against you.
Doug
This means that your chances of winning a Grand Prize stand at one in 200,000 as opposed to one in a million at the outset of the game.
The game itself is very horizontal in its structure. This is to say that the majority of prizes are of the small variety. This is quite different from a game like LottoMax where there is one winner and everyone else fights over scraps. Your chances in that game of winning $20 are over 80-1. In a game like More Lucky Lines your return should mirror the published information. There is one winning ticket in every 3.27 tickets sold and the overall return is 64.95%. The more tickets one buys, the more likely it is that your results will mirror those numbers. I have purchased seven tickets so far. Four of them were winners returning a total of $22. Based on the numbers, I should have expected to have 2 winners and a total of $14. The game is flattened even further by having a second prize of only $5000. Most $3 games like this one have second prizes of $25,000.
The good news is that with this sort of churn, I can continue to reinvest winnings in pursuit of those three outstanding Grand Prizes. With a chance to win of one in 200,000, and with 7 tickets purchased, my chances were one in 30,000.
But there is a problem: the tickets are very hard to find. Every store I go into tells me that the game has been cancelled. This is not true, as of today. I estimate that 19% of the tickets remain to be sold which represents over 600,000 tickets. But the OLG is not providing the sellers with any more tickets. I've asked my local sellers to ask the OLG person why they are not providing them with tickets for this game. They look at me like I'm a martian.
There are five reasons why an existing game can be canceled. Here they are:
| 1. Game is sold out. |
| 2. All top prizes are claimed for games with $100,000 or greater top prizes. |
| 3. Average weekly sales reflect significantly decreased customer demand and a new replacement game is planned. |
| 4. Quality issue with game in market. |
| 5. Security issue with game in market. |
Experience tells me that if the OLG were to cancel this game now, only reason number 3 could apply. The wicked aspect of this is that sales are largely a function of availability. The OLG can argue that the game is no longer popular as there are no tickets being sold. It's a self fulfilling prophecy if you don't offer the tickets for sale. The conundrum is that the OLG has sold over two million tickets for this game and they have yet to give away a Grand Prize. If you were to buy tickets to a raffle and found out later that no prize was given away, how would that sit with you?
I imagine that inside the bowels of OLG headquarters there is thinking going on that goes as follows:
- If every ticket for this game was to be sold, the profit would be $3,303,339.
- As of today, 81% of the tickets have been sold (2,545,000) with an expected profit of $2,675,748.
- It is expected that with that volume of tickets sold, at least 2 of the 3 Grand Prizes should have been claimed.
- If the game is canceled today, there would be an extra $225,000 added to the profit for the game ($75,000 x 3) as those prizes would remain with the OLG.
- The total return on the tickets not yet sold should be $630,000. But, with the 3 outstanding prizes still up for grabs, the OLG will have to pay off 3 - $75,000 winners in addition to all of the other winners.
- By canceling the game now and not selling the remaining tickets, the profit for the game will be increased by 10%.
Do you see the ethical dilemma? I suspect that the OLG has a blind spot here based on what I have seen before in similar circumstances. In general, tickets begin to become scarce once 90% of the tickets have been sold. The scarcity here began when slightly more than 20% of the tickets remained.
My advice is to get out there now and try to find tickets for this game before the bean counters at OLG put their interests ahead of yours. Let me know how you make out and, as always, only play within your personal budget. The odds are always against you.
Doug
Hey, found 10 tickets in mid-town Toronto.
ReplyDeleteNone of them won over $50.
Interestingly, many retailers said this game was done, and one even showed a printed list saying there were no top prizes left. The website still says top prizes are left.
I completely agree with you on ethical grounds Doug. Heading to Toronto tomorrow for a couple of days. I am going to make a point to check out as many places as I can!
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