A fair point, Tommy, worthy of a thread of its own. BTW, the overall averages came out Miami (.88) and Milford (.91).
1) The Win takeout at Milford was less than 20%. I'm guessing
18, but I'll check it.
2) Average payout (#5, for example) might include a couple of
$100+ payouts that could skew the average upward (much more than
a $5 payoff would skew it downward). To be totally correct, I
would divide the payoff into the average pool size, compute the
number of tickets and then weight my average payoff calculation
by the calculated number of winning tickets.
So if I had 10 $20 winners and 1 $100 winner, and the average
pool was $500:
Games Tickets (per game)
Weighted: 10 500/20=25
1 500/100=5 (total 255)
Total pools ($5500) div by total tickets (255) = $21.57
Non-weighted: 11 Total payoffs ($300) div by total games (11) = $27.27This example is extreme, the actual difference between the two methods would be much less. There could also be a flaw somewhere, and I'll look into that.
