Ever wondered what might happen if you buy a ton of scratchcards at once?
Well wonder no more! lol
So I'm at work today and my colleague buys 3 scratchcards with the total cost of £4 on his break. From those he wins £50 on one, £2 on another and £4 on the third. Deciding its his lucky day he takes £6 and buys another 5 cards winning himself another £10 and £4 on those. On a roll he buys another 4 but gets nothing back. Not a bad lot of results for a purely luck enterprise.
He then decides to do a little experiment figuring that he had nothing to start with right? So he buys £50 worth (45 cards) and from that lot the total winners were a surprising £43, certainly not as big a loss as I would have predicted.
Now in a somewhat ridiculous fit of addiction/stupidity he buys another £40 worth (40 cards) eventually getting £28 back, a larger loss but still not to shabby.
So in summary,
Total Cost:4+6+4+50+40=£104
Total Winnings:56+14+43+28=£141
Total Profit:141-104=£37
Now obviously he would have been better off to just keep his original two sets of winnings but to be honest he fared a lot better than I would have predicted. Again this is just how that set of cards turned out so I doubt he would get similar results if it was repeated tomorrow. I'm certainly not sugesting it as a way to make money as he obviously lost out buying large numbers it's just a little story I thought I'd share.
Well wonder no more! lol
So I'm at work today and my colleague buys 3 scratchcards with the total cost of £4 on his break. From those he wins £50 on one, £2 on another and £4 on the third. Deciding its his lucky day he takes £6 and buys another 5 cards winning himself another £10 and £4 on those. On a roll he buys another 4 but gets nothing back. Not a bad lot of results for a purely luck enterprise.
He then decides to do a little experiment figuring that he had nothing to start with right? So he buys £50 worth (45 cards) and from that lot the total winners were a surprising £43, certainly not as big a loss as I would have predicted.
Now in a somewhat ridiculous fit of addiction/stupidity he buys another £40 worth (40 cards) eventually getting £28 back, a larger loss but still not to shabby.
So in summary,
Total Cost:4+6+4+50+40=£104
Total Winnings:56+14+43+28=£141
Total Profit:141-104=£37
Now obviously he would have been better off to just keep his original two sets of winnings but to be honest he fared a lot better than I would have predicted. Again this is just how that set of cards turned out so I doubt he would get similar results if it was repeated tomorrow. I'm certainly not sugesting it as a way to make money as he obviously lost out buying large numbers it's just a little story I thought I'd share.