On examination of the ticket in the post 1 see 1 line of six numbers. The smallest Quick Pick in NSW is 4 Lines at $3.70. Be probably be fair to say a 1 line ticket cost $1.00 to say $1.20. as by buying less lines the price becomes dearer per line and cheaper per line for the more you buy. For the purposes of the answer i will a buy price of $1.00.
The odds for getting 5 numbers out of 40 is 40*39*38*37*36 = 78,960,960 or for an investment of $1.00 form a bookmaker should return $ 78,960,960.
However Powerball is a totaliser and not a bookmaker and it makes a very big difference. A totaliser pays on the pool collected instead of quoted odds. It would be interesting to see what John Wren (sometimes known as John West) a well known Melboure Man who has long since died.
On examination of the ticket in the post 1 see 1 line of six numbers. The smallest Quick Pick in NSW is 4 Lines at $3.70. Be probably be fair to say a 1 line ticket cost $1.00 to say $1.20. as by buying less lines the price becomes dearer per line and cheaper per line for the more you buy. For the purposes of the answer i will a buy price of $1.00.
The odds for getting 5 numbers out of 40 is 40*39*38*37*36 = 78,960,960 or for an investment of $1.00 form a bookmaker should return $ 78,960,960.
However Powerball is a totaliser and not a bookmaker and it makes a very big difference. A totaliser pays on the pool collected instead of quoted odds. It would be interesting to see what John Wren (sometimes known as John West) a well known Melboure Man who has long since died.
Peter, it looks like a powerhit ticket at $18.60.
However, I won’t try the maths…
Thanks Reg I was wondering what is was.