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43-565: NCEL may refer to: North Carolina Education Lottery Northern Counties East League Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title NCEL . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=NCEL&oldid=933012471 " Category : Disambiguation pages Hidden categories: Short description

86-441: A Canadian or Super Yankee trying to pick five; these also include subsidiary bets. There are also other bets which are large combinations of singles, doubles, trebles and accumulators some of them are called Lucky 15, Lucky 31, Heinz, Super Heinz, Goliath. The term nap identifies the best bet of the day. Tote Ireland operates the following pools Bet types for harness racing (trotting): The Hong Kong Jockey Club (HKJC) operates

129-444: A bet involving two or more races. For example, a 1-all daily double wheel bets the 1-horse in the first race with every horse in the second. People making straight bets commonly employ the strategy of an "each way" bet. Here the bettor picks a horse and bets it will win, and makes an additional bet that it will show, so that theoretically if the horse runs third it will at least pay back the two bets. The Canadian and American equivalent

172-414: A fireball prize which is separate from the base game prize. Players can win multiple fireball prizes on the same ticket depending on the unique numbers selected. If a player wants to add fireball to their play, he/she must mark the spot on their ticket that says "add fireball". Doing so doubles the cost of the play and can be added to any pick 3 or pick 4 play type. Began on October 27, 2006, Carolina Cash 5

215-423: A hypothetical event that has eight possible outcomes, in a country using a decimal currency such as dollars , each outcome has a certain amount of money wagered: Thus, the total pool of money on the event is $ 1028.00. Following the start of the event, no more wagers are accepted. The event is decided and the winning outcome is determined to be Outcome 4 with $ 110.00 wagered. The payout is now calculated. First

258-403: A negative breakage may occur—for example, in horse racing when an overwhelming favorite wins (or shows or places). The parimutuel calculation results might call for a very small winning payout (say, $ 1.02 or $ 1.03 on a dollar bet), but legal regulations might require a larger payout (e.g., minimum $ 1.10 on a dollar bet). This condition is sometimes referred to as a minus pool. In an event with

301-754: A school construction budget in direct conflict with the mandate of the NCEL. This controversial move by the Governor prompted North Carolina lawmakers on March 10, 2009, to propose a name change to the NCEL, to remove "Education" from its name. Originally, North Carolina's scratch tickets had an overall payout of 52%, the lowest among scratch tickets then available through US lotteries. While its $ 1 instant tickets continue to pay out at roughly this level, its newer $ 2-and-up games now have higher-percentage payouts. The Lottery has continued to generate controversy among North Carolina constituents upset with teacher layoffs who believed

344-419: A set of n possible single-winner outcomes, with wagers W 1 , W 2 , ..., W n the total pool of money on the event is W T = ∑ i = 1 n W i . {\displaystyle W_{T}=\sum _{i=1}^{n}W_{i}.} After the wagering company deducts a commission rate of r from the pool, the amount remaining to be distributed between

387-516: A special vote was called, which was 24-24. Lt. Gov. Perdue cast the tiebreaking vote, signaling the way for Gov. Easley to sign it into law. The vote would have been defeated had the absent senators paired their votes. In February 2009, to reduce a budget shortfall, Gov. Perdue withheld approximately $ 88 million to fill shortfalls in the North Carolina budget. Perdue emptied the $ 50 million lottery reserve, also withholding $ 38 million allocated for

430-486: Is $ 50,000 (the top prize has a $ 250,000 liability limit for each drawing for each set of numbers) and is won by matching all five numbers in any order. The Double Play drawings take place before the Cash 5 drawings. The prizes for matching 2, 3, & 4 numbers on this feature are bigger than those in the main game with matching 2 numbers awarding $ 3, matching 3 numbers awarding $ 12 & matching 4 numbers awarding $ 500. This game

473-436: Is a 5-of-5 winner sometimes reaching $ 1 million. Games cost $ 1 each ($ 2 with an add on feature ez match (which improves top prize odds to 1 in 84,000 & overall odds to 1 in 4.71) $ 2 with double play, and $ 3 with ez match and double play). Overall odds of winning: 1 in 10.51; odds of winning the top prize: 1 in 962,598. Players can also purchase up to 28 consecutive drawings on each purchase. Players must match at least 2 out of

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516-413: Is determined by a set multiple of the outcome, for example $ 60 for a five horse boxed trifecta at one unit ($ 1)—or $ 30 at half unit (50c). If the bet is successful, the bettor will get either the full winning amount shown on the board, or half the winning amount. Under a flexi system the bettor can nominate their desired total wager, and their percentage of payout is determined by this wager's relationship to

559-519: Is different from Wikidata All article disambiguation pages All disambiguation pages North Carolina Education Lottery The controversial lottery proposal was approved on August 31, 2005, after then-Lieutenant Governor Bev Perdue cast a tie-breaking vote in the North Carolina Senate . North Carolina , traditionally associated with the Bible Belt , was the only state on

602-532: Is drawn nightly. Prior to May 14, 2016 the game Drew 5 numbers from 1–39 with starting jackpots at $ 50,000 Cash. On May 14, 2016 the matrix changed to 5/41 and the starting jackpot stayed at $ 50,000. Before the November 4, 2018 revision, The prizes for matching 3 and 4 numbers were parimutuel. As of Sunday, November 4, 2018, it draws 5 numbers from 1 to 43 & the prizes for matching 3 & 4 numbers became fixed prizes. Cash Jackpots begin at $ 100,000 and grow until there

645-424: Is the bet across (short for across the board ): the bettor bets equal sums on the horse to win, place, and show. A parlay, accumulator or roll-up consists of a series of bets in which bettors stake the winnings from one race on the next in order until either the bettor loses or the series completes successfully. In Australia, certain exotic bet types can be laid as "flexi" bets. Usually the price of an exotic bet

688-468: The k winners, those who bet on outcome m will receive a payout of ( W R / k ) / W m for every dollar they bet on it. The parimutuel system was invented by French- Catalan entrepreneur and showman impresario Joseph Oller in 1867. The large amount of calculation involved in this system led to the invention of a specialized mechanical calculating machine known as a totalisator , "automatic totalisator" or "tote board", invented by

731-616: The Australian engineer George Alfred Julius . The first was installed at Ellerslie Racecourse , Auckland , New Zealand, in 1913, and they came into widespread use at race courses throughout the world. The U.S. introduction was in 1927, which led to the opening of the suburban Arlington Racetrack in Arlington Park , near Chicago, and Sportsman's Park in Cicero, Illinois , in 1932. Unlike many forms of casino gambling, in parimutuel betting

774-541: The East Coast without a lottery. The issue divided lawmakers and the public alike. At the time, the opposition of nearly every Republican and a minority of Democratic lawmakers (consisting of progressives ) made the passage of a lottery unlikely. These groups denounced the lottery as a regressive tax on the poor. However, on August 30, 2005, two lottery opponents (Harry Brown, R- Jacksonville and John Garwood, R- North Wilkesboro ) had excused absences. With this known,

817-426: The commission or take for the wagering company is deducted from the pool. For example, with a commission rate of 14.25% the calculation is: $ 1028 × 0.1425 = $ 146.49. This leaves a remaining amount of $ 881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $ 881.51 / $ 110.00 = 8.01 ≈ $ 8 payout for $ 1 wagered. This payout includes the $ 1 wagered plus an additional $ 7 profit. Thus,

860-528: The Lottery should have made up the difference. Live Lottery drawings are broadcast on these TV stations: There are no designated stations for the Florence/Myrtle Beach or Hampton Roads markets, both covering portions of North Carolina. This game began on October 6, 2006, as a game that was only drawn nightly prior to March 30, 2008. Carolina Pick 3 is drawn twice daily (prior to February 27, 2011, it

903-513: The NCEL on January 31, 2010, as part of the cross-sell expansion with MUSL. Mega Millions is drawn Tuesday and Friday nights at 11:00 p.m. Eastern Time in Atlanta Georgia. Powerball began in 1992; NCEL joined on May 28, 2006. As of October 7, 2015, Players select five numbers 1 through 69, and the red Powerball (1-26). Jackpots begin at $ 40 million annuity. As of August 23, 2021, Drawings are Monday, Wednesday and Saturday. North Carolina

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946-437: The North Carolina education lottery has added fireball to its pick 3 and pick 4 games, replacing sum it up and 1 off. After each day and night pick 3 and pick 4 drawing the lottery draws one number from a separate machine that has 10 balls numbered 0-9 which is separate to each game. Players can use the fireball number to replace any one of the numbers drawn for pick 3 or pick 4 and create a fireball prize winning combination to win

989-535: The bettor. They may reduce their take from 15–18% to as little as 1–2%, while still generating a profit by operating with minimal overhead . There may be several different types of bets, in which case each type of bet has its own pool. The basic bets involve predicting the order of finish for a single participant, as follows: In Canada and the United States , the most common types of bet on horse races include: Win, place and show wagers class as straight bets, and

1032-427: The final payout is not determined until the pool is closed – in fixed-odds betting, the payout is agreed at the time the bet is sold. Parimutuel gambling is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Parimutuel gambling is often also offered at " off track " facilities, where players may bet on the events without actually being present to observe them in person. In

1075-429: The first two or the last two columns (the two numbers selected in their specific location must match the two numbers drawn exactly to win a prize). The game pays up to $ 500. It's statistically harder to match the winning numbers in the exact order in the drawing so the prizes that the players can win on a "Straight" bet are bigger. Began on April 17, 2009, Carolina Pick 4 also is twice daily (prior to February 27, 2011, it

1118-512: The five numbers drawn in any order with the numbers on their cash five ticket for both the base game and the double play feature to win a prize. The payout for matching 2 of 5 numbers is $ 1; 3 of 5, $ 5; 4 of 5, $ 250, and the jackpot is parimutuel . On April 25, 2021, the NCEL introduced a Double Play add-on feature. This feature costs an additional $ 1 per play, and the Top prize in the Double Play feature

1161-527: The following common bet types and pools for horse racing. In Japan , horse racing (競馬, keiba ), velodrome cycling (競輪, keirin ), stock outboard powerboat racing (競艇, Kyōtei ), and paved flat track motorcycle racing (オートレース, Auto Race ) operate the following parimutuel types. Wager must be a multiple of 100 yen except Each-way. The following bet type are offered by the government-controlled betting agency Pari Mutuel Urbain (PMU). Tiercé, Quarté+ and Quinté+ bets are typically only offered on

1204-566: The full unit price. Using a five horse box trifecta, the bettor may wish to lay only $ 20 on the outcome. Their percentage of winnings is now calculated as $ 20/$ 60 = 33.3%. If the bet is successful, the payout will be 33.3% of the winning amount for a full unit bet. In recent times the "Roving Banker" variant for Trifecta and First4 betting is now offered. For a Roving Banker First4 the player selects one, two or three runners they believe will definitely finish 1st, 2nd, 3rd or 4th, and up to three selections as Roving Banker(s) with other runners to fill

1247-482: The gambler bets against other gamblers, not the house, which necessarily implies that the bank cannot be broken . The science of predicting the outcome of a race is called handicapping . Independent off-track bookmakers typically have a smaller take and thus offer better payoffs, but they are illegal in some countries. However, the introduction of Internet gambling led to "rebate shops". These off-shore betting shops promise to return some percentage of every bet made to

1290-540: The lottery announced that the game would end with the Thursday, June 30, 2016, drawing. The lottery has ended the game because of its performance after citing that it would join the multi state Lucky For Life game earlier in the year. Parimutuel Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing

1333-410: The odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds , 8.01). Prior to the event, betting agencies will often provide an approximate pay-out figure for each given outcome should no more bets be accepted after the current time. Using the wagers and commission rate above (14.25%), an approximates table in decimal odds and fractional odds would be: In real-life examples, such as horse racing ,

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1376-482: The pool among all winning bets. In some countries it is known as the tote after the totalisator , which calculates and displays bets already made. The parimutuel system is used in gambling on horse racing , greyhound racing , jai alai , and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Parimutuel betting differs from fixed-odds betting in that

1419-483: The pool size often extends into millions of dollars with many different types of outcomes (winning horses) and complex commission calculations. Sometimes, the amounts paid out are rounded down to a denomination interval—in California , Australia , and British Columbia , 10¢ intervals are used. The rounding loss is known as breakage and is retained by the betting agency as part of the commission. In some situations,

1462-505: The remaining place(s). A Roving Banker Trifecta is where the player believes that one or two runners will definitely finish 1st, 2nd or 3rd. The bet can be placed by picking the player's favourite runner to finish in any place within the bet and complete the Trifecta with any number of other runners to fill the other placing(s). The following pools are operated at meetings in mainland Britain: Exotic wagers are usually made on horses running at

1505-459: The remaining wagers as exotic bets. Bettors usually make multiple wagers on exotic bets. A box consists of a multiple wager in which bettors bet all possible combinations of a group of horses in the same race. A key involves making a multiple wager with a single horse in one race bet in one position with all possible combinations of other selected horses in a single race. A multi-race wheel (cf. wheel, above) consists of betting all horses in one race of

1548-565: The same track on the same program. In the United Kingdom , bookmakers also offer exotic wagers on horses at different tracks. Probably the Yankee occurs most commonly: in this the bettor tries to pick the winner of four races. This bet also includes subsidiary wagers on smaller combinations of the chosen horses; for example, if only two of the four horses win, the bettor still collects for their double. A Trixie requires trying to pick three winners, and

1591-408: The successful bettors is W R = W T (1 − r ) . Those who bet on the successful outcome m will receive a payout of W R / W m for every dollar they bet on it. When there are k possible winners, such as a North American "place" bet which has k = 2 winners, the total amount to be distributed W R is first divided into k equal shares. If m is one of

1634-504: The winner's life. The player who wins the top prize or the second prize ($ 25,000 a year for life) may also choose an available cash option for such annuity. On Nov 27, 2021, a player accidentally purchased 2 identical sets of numbers and won 2 $ 25,000/year for life prizes. Mega Millions is offered in 44 states, the District of Columbia , and the U.S. Virgin Islands. Mega Millions began as part of

1677-463: Was among 23 participating states to offer this multi state game which started on October 19, 2014. players picked 5 #s from 1-52 for the white balls and 1 bonus number from 1-28. The top prize was $ 5,750,000 which was paid out in a financial annuity or the top prize winner may choose the lump sum of $ 4,000,000 for such annuity. The game was discontinued after the DEC 26, 2014 drawing due to poor sales. The game

1720-476: Was discontinued in 2016 in its entirety. This game began on September 7, 2014. The format of this game was the same as the Texas Lottery version of the game, similarly players got 2 sets of numbers on each panel for $ 2. The top prize on this game was a fixed top prize at $ 250,000 (with a $ 5 million liability limit). Other than the top prize for the game, there were 4 prizes: $ 500, $ 50, $ 10 & $ 2. In May 2016,

1763-423: Was drawn once nightly). Otherwise, it is similar to Carolina Pick 3, except it draws four digits. A "Combo" wager is a $ 4, $ 6, $ 12, or $ 24 bet depending on the combinations. A $ 1 "Straight" bet wins $ 5,000 if the numbers selected match exactly. The play type options for this game are the same as the pick 3 game. Players face the odds of 1 in 10,000 of winning the top prize on the straight play. On September 18, 2022,

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1806-468: Was drawn only once Sundays). Carolina Pick 3 draws three balls, each numbered 0 through 9. Players can wager in 50 cent increments that the number drawn is in exact order, or in any order. Another option is "50/50", which is a $ 1.00 bet consisting of an "Exact" wager and an "Any" wager. The other options are "Combo", which is a $ 1.50, $ 3 or a $ 6 wager (depending on the number of straight combinations), and pair play which allows players to pick 1 number in either

1849-540: Was released on November 17th, 2024. This game is played by picking 1 or more numbers (here called pops) from 1-15. The game offers 5 chances every day to win anywhere from 5-250 times the wager amount with one number drawn from 1-15 for each cash pop drawing. Lucky for Life is a lottery drawing game available in 23 states and the District Of Columbia. Players select 5 numbers from 1-48 and a sixth number from 1–18. Prizes range from $ 3 to $ 1,000 per day, every day, for

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