Back to base after a visit to the Somme Battlefields of WW1 and being stranded in Charlotte, North Carolina on the way home. Lovely town. Three Grand Prizes were claimed in Bingo over the past two weeks and 18 in the "democratic" Wild 10's game. Scrabble #1799 is the top pick but only 10% (340,000 tickets) remain and only 1 Grand Prize. The game could turn into a dud any day so be alert.
Your odds of winning the $75,000 Grand Prize are 340,000:1 which is the best of any game for sale with the exception of Wild 10's. In that game you trade off a low Grand Prize of $10,000 against 69 unclaimed Grand Prizes. Scrabble returns $.073 of every dollar left to be spent to that one Grand Prize. This is more than even two of the $10 - $20 games and first among $3 games.
You are likely to face the common problem of scarcity with only 10% of the float left to be sold. Will the OLG order up that final print run or not? An initial tour around my neighborhood was fruitless.
No new games were added although readers have been doing their homework and we know that new ones are slated for introduction including a new More Lucky Lines game. The gall of them!
I also intend to alter my formula for game evaluation this week. The current formula yields a rating based upon the product of: the ratio of revenue going to Grand Prize winners at the introduction of the game versus now, the chances of cashing for a prize greater than the cost of a ticket, and the overall percentage of revenue returned to the player. I intend to introduce a factor that will add the percentage of revenue going to winners of more than the cost of the ticket but less than $100 and twice the percentage of revenue of winners of $100 and more.
Devising the formula is tricky as it involves a value judgement. Instant Game players enjoy playing the games. If our only concern was the Grand Prize then we would all be playing Lotto Max. That said, we cannot disregard the Grand Prizes as it makes no sense for us to play games for which all the Grand Prizes have been claimed. Finding that middle ground is the challenge and I'm happy to receive your input as to what is important to you as a player.
The current Bonus Cash for Life game is a case in point. I rate it highly as the game returns 69.89% of all revenue to players. This is a number that you expect to see for $10 games, not a $4 game. That's the "bonus", I imagine. Your chance to cash any ticket is 1 in 3.99 which is 6th of 7 in the group. Your chance to cash for more than the $4 cost of the ticket is 1 in 6.74 which is 3rd of 7 in the group. The 5 Grand Prizes of $675,000 is a big plus. That represents $3,375,000 of winnings over 6.2 million $4 tickets or $.136 per ticket. Wild 10's, on the other hand, has 69 remaining Grand Prizes of $10,000 each. Yes, your chances of winning are less than 1 in 10,000 but the total winnings of those 69 winners is only $690,000 for your $10 investment, or $.107 per ticket sold. With 150 Grand Prizes in Wild 10's, the number of prizes claimed is much more likely to track overall ticket sales. This is not the case when there are only 5 Grand Prize winners. In that game, a third of the tickets have been sold and all 5 Grand Prizes remain outstanding. Of course, as Pete Townsend told us, "We Wont Be Fooled Again."
Evaluating these two very different games is difficult. I can't say that I am entirely happy with my current method and that's why I intend to tweak it slightly. I'm looking forward to seeing where that leads me.
It's good to be home. Look for the blog to be updated weekly from now on.
Doug
Your odds of winning the $75,000 Grand Prize are 340,000:1 which is the best of any game for sale with the exception of Wild 10's. In that game you trade off a low Grand Prize of $10,000 against 69 unclaimed Grand Prizes. Scrabble returns $.073 of every dollar left to be spent to that one Grand Prize. This is more than even two of the $10 - $20 games and first among $3 games.
You are likely to face the common problem of scarcity with only 10% of the float left to be sold. Will the OLG order up that final print run or not? An initial tour around my neighborhood was fruitless.
Top Rated Games
- $3 Scrabble #1799 - 10% of float left to sell +/- 3%
- $4 Bonus Cash for Life #1168 - 63%, +/- 3%
- $3 Fruit Explosion #1803 - 14%, +/- 3%
- $10 Prestige #1741 - 23%, +/- 7%
- $10 Fortune #1779 - 94%, +/- 8%
Games to Avoid
- $5 Win Take All - All Grand Prizes claimed, still 20% of float left to sell. Beware!
- $2 Crazy 8's - All Grand Prizes claimed, 33% of float left!
- $5 Jacks are Wild - Only 1 of Seven Grand Prizes left and 45% of the float left to sell.
- $1 Lucky Lines - Terrible game from many points of view. Avoid!
- $3 Bingo - the game has been hollowed out. One chance in 1.2 million to win $75,000.
$1 - $2 Game Update
Cash Cow and Royal Seven's are each much preferable to the other two.$3 Game Update
Two of the top five games are in this group. Stick to them. Next in line is Cashingo.$4 - $5 Game Update
Bonus Cash For Life is the strongest play in this area.$10 - $20 Game Update
Avoid Cadillac and Extraordinary.Comings and Goings
Classic Gold, Sapphire 7's and Blazing 7's were all retired over the past two weeks. Classic Gold was an Inter-Provincial game that was kept on the shelves too long with no Grand Prizes. Sapphire 7's caused great irritation to More Lucky Line players as its tickets were always available despite it being devoid of Grand Prizes. Blazing 7's had reached the end of its life with one prize outstanding.No new games were added although readers have been doing their homework and we know that new ones are slated for introduction including a new More Lucky Lines game. The gall of them!
Personal Play
Last post I narrowly escaped being shut out. It proved to be a prelude to this week. Two Bonus Cash for Lifes and two Wild 10's returned nothing. My ROI for the year dips to 65% and my cash rate sits at 33%.To Conclude
I read with interest the comments related to how Texas runs its Instant Game process. Lots to be learned there. I bought a two pound ticket in London last week and will be taking a look at how the British handle their Instant Games.I also intend to alter my formula for game evaluation this week. The current formula yields a rating based upon the product of: the ratio of revenue going to Grand Prize winners at the introduction of the game versus now, the chances of cashing for a prize greater than the cost of a ticket, and the overall percentage of revenue returned to the player. I intend to introduce a factor that will add the percentage of revenue going to winners of more than the cost of the ticket but less than $100 and twice the percentage of revenue of winners of $100 and more.
Devising the formula is tricky as it involves a value judgement. Instant Game players enjoy playing the games. If our only concern was the Grand Prize then we would all be playing Lotto Max. That said, we cannot disregard the Grand Prizes as it makes no sense for us to play games for which all the Grand Prizes have been claimed. Finding that middle ground is the challenge and I'm happy to receive your input as to what is important to you as a player.
The current Bonus Cash for Life game is a case in point. I rate it highly as the game returns 69.89% of all revenue to players. This is a number that you expect to see for $10 games, not a $4 game. That's the "bonus", I imagine. Your chance to cash any ticket is 1 in 3.99 which is 6th of 7 in the group. Your chance to cash for more than the $4 cost of the ticket is 1 in 6.74 which is 3rd of 7 in the group. The 5 Grand Prizes of $675,000 is a big plus. That represents $3,375,000 of winnings over 6.2 million $4 tickets or $.136 per ticket. Wild 10's, on the other hand, has 69 remaining Grand Prizes of $10,000 each. Yes, your chances of winning are less than 1 in 10,000 but the total winnings of those 69 winners is only $690,000 for your $10 investment, or $.107 per ticket sold. With 150 Grand Prizes in Wild 10's, the number of prizes claimed is much more likely to track overall ticket sales. This is not the case when there are only 5 Grand Prize winners. In that game, a third of the tickets have been sold and all 5 Grand Prizes remain outstanding. Of course, as Pete Townsend told us, "We Wont Be Fooled Again."
Evaluating these two very different games is difficult. I can't say that I am entirely happy with my current method and that's why I intend to tweak it slightly. I'm looking forward to seeing where that leads me.
It's good to be home. Look for the blog to be updated weekly from now on.
Doug
