Wizard
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Wizard 
Joined: Oct 14, 2009
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August 17th, 2014 at 7:09:24 AM permalink
Terrible reporting. How about some numbers as evidence?
It's not whether you win or lose; it's whether or not you had a good bet.
Ahigh
Ahigh
Joined: May 19, 2010
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August 17th, 2014 at 7:19:29 AM permalink
Quote: Wizard

Terrible reporting. How about some numbers as evidence?



They used numbers. The story is about the Pick 4
24Bingo
24Bingo
Joined: Jul 4, 2012
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August 17th, 2014 at 9:58:07 AM permalink
Pick 4?

Isn't the pick 4 usually parimutuel for just this reason?
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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August 17th, 2014 at 11:14:04 AM permalink
Quote: JohnnyQ

Those are outrageous figures for the "house edge". And the reporter didn't think it was worth reporting those ? Her editor and whatever journalism school she attended should be ashamed of themselves.

There are three types of advertising, classifieds, display ads and news articles.
Dieter
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Dieter
Joined: Jul 23, 2014
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August 17th, 2014 at 11:24:17 AM permalink
Quote: tringlomane

This had to be BS, or they seriously screwed up the payout.

Quote: article

“Our Pick 4 is killing us,” Martino said at a Maryland Lottery and Gaming Control Commission on Thursday. “The percentage of payout is astronomical. ... We’ll pay out sometimes several hundred percent of what we take in.”



It's conceivable that a higher than proportional number of players are betting winning numbers.

No pity for any operator of a game with a 50% edge who loses.

Sure, some days they'll payout 3 or 4 times what they take in... and many other days they'll take in much more than they pay out.
May the cards fall in your favor.

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