Amazing 8’s have odds of 1 in 4.65 games at least break even. 20 games will be purchased from 5 separate establishments. Variations: A player can potentially win a large sum of money on the first play with some “luck” on their side.Įxperiment: 100 Texas Lottery scratch-off “ Amazing 8’s” games costing $1 each will be purchased.
Most people playing the game will eventually lose money, only a few will gain. Hypotheses: If a $1 scratch-off lottery game is played 100 times, the player is likely to lose money in the end.
The attraction of exponentially increasing an “investment” of $1 with no skill involved draws people to these games. Observation: Popularity of scratch-off lottery tickets remains high despite their low odds of winning.
