The lump sum value is determined by bond rates under which an annuity is purchased. Does not include credits played.Ĭash Lotto: A lottery game with a fixed or rolling pari-mutuel payout in which the top prize can only be taken as a lump sum payment.Ĭash Option/Payout: A single payment, rather than an annuity paid over a multiple-year period, awarded as a prize to a player. Currently there are both instant and draw games that offer this prize option.Ĭash In (VLT): The cash placed into a video lottery terminal by a player. (See also Pull Tab.)īroadcast: The process of sending messages, such as winning numbers, through the lottery network to the lottery terminals.Ĭancelled Ticket: A terminal-printed ticket which is voided after it has been generated by a terminal.Ĭash-for-Life Game: A lottery game which offers a set prize payment to be made in installments to that winner for the duration of the winner’s life. These games are typically offered by charity organizations but are also popular with some lotteries. Payment is lower than a combination bet.īreak-Open Ticket: A predetermined outcome lottery ticket in which players open panels on the ticket to determine if they won. The number of tickets in a book is often dependent on the price of a ticket – $1 tickets may be packaged in books of 300 tickets and $20 tickets may be packaged in books of 100 tickets.īox(ed) Bet (Any Order): Wager option in which a player wins if selected numbers are drawn in any order, not just order as drawn (straight bet). Instant lottery tickets are sold in fan folded sets of perforated tickets with each of these sets comprising a book. ![]() Some games utilize multiple ball draw machines.īearer Instrument: A designation of a lottery ticket under which the winnings from the ticket are payable to the person possessing the ticket or to the order of the person who has demonstrated bearer status by signing the ticket as the owner.īeneficiary (Lottery): The designated recipient(s) of a lottery’s profits.īingo (Instant): An instant game played with bingo letters and numbers.īonus Number: A number drawn in some games in addition to the regularly-drawn set of numbers.īook: A set of instant lottery tickets. Many lotteries provide Amber Alert warnings through their lottery terminals and other point-of-sale postings.Īnnuity: Payments made to a prize winner that are annuitized over an extended period (typically 25 to 30 years), as opposed to a Lump Sum payment.īack Pair: Wager option for player to select the last two numbers in a set of Pick 3 or Pick 4 draws.īall Draw Machine: A device which mechanically scrambles a set of numbered balls, and then randomly draws from that mix to determine the winning numbers for a specific game. The number of draws and time span vary from lottery to lottery.Īdvertised Jackpot: The minimum prize amount the lottery estimates it will pay to the winner of a specific draw over a set annuity period.Īged Pack: A pack of instant tickets at a retail location that has not been opened for sale or that the retailer has had in his/her possession for a specified period of time.Īgent (Lottery): An entity authorized and licensed by a lottery to sell lottery products.Īmber Alert: An electronic missing/abducted child warning issued by a local, state or federal authority. In addition, you also need to combine the analysis from multiple statistics in order to confidently decide if a ball is likely or unlikely to be drawn in the next draw.Activated Pack: The status of a pack of instant tickets when the first winning ticket in the pack has been validated or the pack has been assigned to a retailer for a specified period of time.Īdvance Bet: The ability of a player to purchase wagers on draws that will be held in the future. ![]() You need to be able to identify the thresholds to make a calculated guess with a high level of confidence. Some people like to look at hot and cold numbers but this does not tell you a single thing! With any single Lotto Plus statistics, such as the Hits Frequency, it is not possible to determine if a ball is likely or unlikely to be drawn in the next draw. Based on this statistics, are you able to determine if a ball is likely or unlikely to be drawn in the next draw?ĭoes it mean that the ball that is drawn the least number of times is likely to be drawn in the next draw? Or does it mean that this ball is "cold" and unlikely to be drawn in the next draw?ĭoes it imply that the ball that is drawn the most number of times is unlikely to be drawn in the next draw? Or does it mean that this ball is on a "hot streak" and is likely to be drawn in the next draw instead? ![]() The Hits Frequency above shows the number of times each lottery ball is drawn over a period of time.
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