Cut costs with ‘poor’ man’s King ticket

Jan 13, 2003 5:07 AM

This week we look at a technique for reducing the amount of ways on a king ticket, thus reducing the price of the ticket. Our goal is to keep as much of the nature of the king ticket as possible while at the same time reducing the expense of playing it. This week we’ll look at the 10 king ticket, which breaks down as follows:

1 1 1 1 1 1 1 1 1 1

 

1 way 10

10 way 9

45 way 8

120 way 7

210 way 6

252 way 5

210 way 4

120 way 3

45 way 2

10 way 1

 

The odds against any particular 8 spot catch on this ticket are as follows:

 

8-of-8 7059.54

7-of-8 570.55

6-of-8 75.60

5-of-8 15.50

If we want to play way eights, this ticket will cost us $22.50 to play at 50 cents per way, a 45 way eight. Since we are playing a king ticket, every possible combination of ten numbers is used to make our eights. Let’s just assume, though, that $22.50 is just too steep a price for us to play each game, though we do like the king ticket approach. Using the "Poor Man’s King Ticket" technique, we combine two of the kings into one group of two. (We’ll try to combine two numbers that we feel will come up together, but this is just a guessing game.) The ticket that results looks like this:

 

2 1 1 1 1 1 1 1 1

 

1 way 10

8 way 9

29 way 8

64 way 7

98 way 6

112 way 5

98 way 4

64 way 3

29 way 2

8 way 1

 

The odds against any particular 8 spot catch on this ticket are as follows:

 

8-of-8 10694.83

7-of-8 571.53

6-of-8 75.60

5-of-8 15.50

 

We can now play a 29 way 8 for $14.50 at 50 cents per way, using the same 10 spots as above. Thus we are spending $8.00 less per game, (36% less) and our ticket still has the feel of a king ticket. It is true, though, that it is now 51.49% harder to hit a solid eight. Note that the odds against a 7/8, 6/8, and 5/8 are virtually the same, even though there are less ways on the ticket! It is easy to see why the odds against a solid eight have increased; 96.55% of the possible solid eights (28 out of 29 ways) require that the two spot be hit solid. It is less easy to understand why the odds on the lesser catches did not decline along with the number of ways being played. If your main goal is to hit a seven out of eight, it makes perfect sense to reduce the number of ways played using this technique! Well, that’s it for this week. Good Luck! I’ll see you in line!