The tenth day of the Arkansas Scholarship Lottery has seen it payback, so far, over $8.2 Million dollars in scratcher winnings. Of course the majority of that has not gone home with the winners, as often times is the case, the winners simply turn in their winning scratchers for more scratchers. So when is it a good idea to pocket the money and when is it a good idea to, um, "reinvest" let's say? As a general rule for myself, if the scratcher returns even (1x) or double (2x) I will go back and buy more scratchers with the winnings. Anything more than that, I pocket. So a $2 ticket returning 2x (or $4) I buy $4 more in scratchers. A $2 ticket returning 5x (or $10) I pocket and wait until my next week's lottery budget to purchase more tickets. Reason being, that there is a VERY small chance of getting struck by lightning (what I call winning any of the top 3 prizes in a scratcher's tier), so pocketing the small mircale wins like the 5x example I gave before, puts a little more scratch in your pocket and teaches you the discipline needed to not become an obsessive player. Which we all are going to try and avoid.
Best hit so far personally is still a 10x return off a $2 Arkansas Riches ticket. $20 that was quickly pocketed. The other day I did have the displeasure to witness someone cashing in 3 $5 tickets for a combined hit of $50. That was a *10x* return, that was promptly used to purchase 10 more $5 tickets, bad move ma'am IMHO. Unless of course she finds one of the 3 $100,000 prizes still out there on the $100,000 Cash Bonus scratcher. (Estimated Odds 1 in 927,000)
As far as the current update. The best API (Average Prize Index, the measure of how good the prizes are that remain in a certain game) Still goes to my favored scratcher Jumbo Bucks Down 4.4 cents from the opening. From an average prize of $5.15 to $5.10. It is leading all scratchers right now in API loss, and still has the most lightning strike wins available (10@$25k - 199@$500 - 2,860@$100).
Still no word on when the brain-trust in the Union Building are going to release more scratchers on the apparently willing population, but the second they do, I will be here with the analysis on all of them.
Powerball on October 31st. But that is another blog spot in and of itself.
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