Now that we are 100 days into the world of Covid, I decided to do a blog update. Personally, I have not been purchasing any tickets but I can feel the urge returning, bit by bit. My local variety store has been open almost throughout this ordeal but I've been too cautious to go inside.That could change shortly.
When I reviewed the outstanding prize information that I use for the updates, I was shocked at the number of games that were in positive status. Many were in unbelievably strong "buy" positions. In fact, it was so strong as to not be possible.
After thinking about the situation for a while, the eureka moment struck me. What's going on is that OLG Prize Center has been closed since min-March. At present, people can cash winning tickets of less that $1000 at local retailers, if those retailers have a sufficient float. Tickets from between $1000 and $50,000 can be mailed in to the OLG. The website warns that the vetting process normally takes 4-6 weeks. This will be extended due to Covid. I also have to ask myself that if I had a $5000 winning ticket, would I mail it in? Not likely. All tickets of $50,000 or greater cannot be cashed at present.
The result is that web site shows many games that were launched over the past four months as having all or almost all of their Grand Prizes remaining outstanding. People are cashing small tickets at their local retailers so it appears that the games are proceeding as one would expect from that vantage point.
So, what games to play at this time? I would recommend either games that are brand new or the games with large numbers of grand prizes. In the latter category, it is very difficult for an imbalance to be created given the large number of winning tickets. If you're buying any other games there is a chance that the Grand Prizes have been either all or mostly won. On that basis, here is my recommended list of games:
$3 Bingo 3030 (beware and avoid version 3029)
$3 Crossword 3228 (beware versions 3226 and 3227)
$3 Wild $100 2177
$5 Bingo Doubler 2180 (beware version 2171)
$5 Fast $500 2183
$5 Tripling 2186
$10 5000 Flash 2174
OLG News
Of note is the $500 million line of credit that the Province has extended to the OLG. One would think that a positive side effect of the privatization of the the casinos would be that the off loading of risk would have worked in their favour. However, one of the reasons for the financial support is the "Contractual Payments to Casino Operators!" Huh? Someone needs to look under that stone.
The OLG also lost a court case recently as it relates to First Nations groups. The original agreements called for First Nations groups to receive 1.7% of all OLG revenue. It was the OLG's view that since the casinos had been privatized, the casino companies fell outside that agreement. Not so said a judge.
The OLG is now only reporting financially on an annual basis. They used to report quarterly but now the casino revenue is accruing to private businesses. I'm particularly interested in their revenue from www.playolg.ca . The OLG made lots of predictions about the growth in revenue from that source and that was before the Covid closures of casinos. It's my view that the revenue growth there will not be explosive. I have a friend who logged on, deposited $100 and promptly lost it on the virtual slots. He won't go back. There is something discomforting about losing money on a fake slot machine. I want to know if other people have the same reaction that I do.
Lastly, a feather for the OLG. Poster AJ had some damaged tickets that he mailed into the OLG. The OLG verified the tickets and sent him his winnings in prompt order. For more information, drop AJ a line.
Stay save everyone. The OLG needs your money.
Doug
When I reviewed the outstanding prize information that I use for the updates, I was shocked at the number of games that were in positive status. Many were in unbelievably strong "buy" positions. In fact, it was so strong as to not be possible.
After thinking about the situation for a while, the eureka moment struck me. What's going on is that OLG Prize Center has been closed since min-March. At present, people can cash winning tickets of less that $1000 at local retailers, if those retailers have a sufficient float. Tickets from between $1000 and $50,000 can be mailed in to the OLG. The website warns that the vetting process normally takes 4-6 weeks. This will be extended due to Covid. I also have to ask myself that if I had a $5000 winning ticket, would I mail it in? Not likely. All tickets of $50,000 or greater cannot be cashed at present.
The result is that web site shows many games that were launched over the past four months as having all or almost all of their Grand Prizes remaining outstanding. People are cashing small tickets at their local retailers so it appears that the games are proceeding as one would expect from that vantage point.
So, what games to play at this time? I would recommend either games that are brand new or the games with large numbers of grand prizes. In the latter category, it is very difficult for an imbalance to be created given the large number of winning tickets. If you're buying any other games there is a chance that the Grand Prizes have been either all or mostly won. On that basis, here is my recommended list of games:
$3 Bingo 3030 (beware and avoid version 3029)
$3 Crossword 3228 (beware versions 3226 and 3227)
$3 Wild $100 2177
$5 Bingo Doubler 2180 (beware version 2171)
$5 Fast $500 2183
$5 Tripling 2186
$10 5000 Flash 2174
OLG News
Of note is the $500 million line of credit that the Province has extended to the OLG. One would think that a positive side effect of the privatization of the the casinos would be that the off loading of risk would have worked in their favour. However, one of the reasons for the financial support is the "Contractual Payments to Casino Operators!" Huh? Someone needs to look under that stone.
The OLG also lost a court case recently as it relates to First Nations groups. The original agreements called for First Nations groups to receive 1.7% of all OLG revenue. It was the OLG's view that since the casinos had been privatized, the casino companies fell outside that agreement. Not so said a judge.
The OLG is now only reporting financially on an annual basis. They used to report quarterly but now the casino revenue is accruing to private businesses. I'm particularly interested in their revenue from www.playolg.ca . The OLG made lots of predictions about the growth in revenue from that source and that was before the Covid closures of casinos. It's my view that the revenue growth there will not be explosive. I have a friend who logged on, deposited $100 and promptly lost it on the virtual slots. He won't go back. There is something discomforting about losing money on a fake slot machine. I want to know if other people have the same reaction that I do.
Lastly, a feather for the OLG. Poster AJ had some damaged tickets that he mailed into the OLG. The OLG verified the tickets and sent him his winnings in prompt order. For more information, drop AJ a line.
Stay save everyone. The OLG needs your money.
Doug
