Terrible reporting. How about some numbers as evidence?
They used numbers. The story is about the Pick 4
Isn't the pick 4 usually parimutuel for just this reason?
There are three types of advertising, classifieds, display ads and news articles.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.
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.