Kerala Jackpot

Lottery is a form of gambling. Kerala State Lottery was started in the year 1967. The initiative was taken by the then State Finance Minister Sri. P.K. Kunhu. During that period Kerala was suffering from acute unemployment. The number of unemployed youth at the beginning of the third five year plan was above 1.3 million1. The shift from agriculture to industrial and commercial activities, the craze for white collar jobs, the growth of service sector, insufficient increase in non tax revenue such as interest, dividend and profit, increased public expenditure etc. were the factors that led the finance minister to think of a supplementary source of income for the state.

Thus lottery was introduced mainly for reducing unemployment and to a certain extent for supporting the state revenue. Lotteries were conducted by private agencies at that time. Later private lotteries were banned. Today, only the state government conducts lottery. Rules and regulations for conducting lotteries have been framed and lotteries have become a common affair now. At present it gives employment to more than 3 lakh people and contributes, more than Rs. 10 crores a year to the state government by way of profit. Income tax deducted from the prize amount also comes to crores of rupees. Above all, large amount is lying with the state government as undistributed prize.

Started as a monthly programme Kerala State lottery is currently having on an average 5 draws a week. The first prize distributed in a draw has increased from Rs. 50000 to Rs. 1 crore and even more. Total sale of tickets has also increased from Rs.75 lakhs to Rs.125 crores a year. Thus it is felt that the lotteries play a significant role in the life of Kerala people.

But research scholars, academicians and policy makers have not attempted much on the subject. This research gap motivated the scholar to choose this topic. Research problem can be rigorously identified and conceptualised only after a detailed literature review.
A survey among 300 samples were made from the different regions – southern central and northern. The districts of Thiruvananthapuram, Thrissur and Kannur were selected at random for the purpose and 100 samples from each district were selected and studied to analyze the motives behind buying tickets and the extent of faith the public has in the Kerala State Lottery. A survey among 90 respondents was made from winners of large prize amounts to analyze the pattern of utilization of prize money.

A survey among 150 samples was also made from the sellers of tickets to analyze the income earned by them from this activity. The sample sizes were kept low because of the difficulties in getting the relevant group. The Director of Kerala State Lotteries, a few district lottery officers, a few very large and very small sellers of tickets, the President of Kerala Lottery Agents Association (KLAA) etc. were also contacted and interviewed for their opinions and attitudes about the Kerala State Lottery. Collected data were analysed using appropriate and relevant techniques.

Blackjack Side Bets Are Bad Bets – Avoided Them While Playing

Most blackjack games in casinos today offer optional bonus or side bets. Once rare at a basic blackjack table they are becoming more and more widespread. The rational is simple because they carry a huge house edge. Anywhere from 3% to 20% or more compared to the 0.5% edge when playing straight up blackjack while using correct Basic Strategy. The bigger the edge, the more money the house makes.

The side bets do have an upside for the player in that all winning bonus wagers will pay out even if the player loses the original hand, and the large payouts are tempting. If you care to venture in, here are some of the most popular ones:

Twenty-One + 3

This side bet incorporates a little 3 Card Poker excitement into the mix in that your first two cards and the dealer’s up card are the determining factors. After you’ve made your BJ and optional Twenty One + 3 wagers, the combination of the three cards must equal a flush, straight flush, any straight, or three of a kind. The bet wins 9 to 1 on a six or eight deck game. The house edge is about 3%.

Royal Match 21

This one is based on your first two dealt cards:

Any two suited cards pay 2.5 to 1

A suited King & Queen (Royal Match) pays 25 to 1

A player Royal Match & dealer Royal Match in any suit pays 1000 to 1

The maximum bet allowed will vary between casinos. With the outcome based on your first two cards, the house edge is about 6%.

Bet the Set 21

This side bet focuses on your first two cards after you’ve made you’re blackjack wager and a Bet the Set wager. In some jurisdictions this bet is also known as Pair Square. If you are dealt any pair you are paid according to a pre-determined pay table based on the number of decks in play:

Single deck – pair pays 15 to 1

Double deck – pair pays 10 to 1, suited pair pays 25 to 1

Four, six or eight deck – pair pays 10 to 1, suited pair pays 15 to 1

Depending upon the number of decks in play and the pay table which varies between jurisdictions, the house edge varies between 5 & 6%.

Dealer Bust 21

Player wins if the dealer busts with various up cards showing. The winning payouts are paid according to the following table:

Bust with Ace up – Pays 10 to 1

Bust with 10 to K – Pays 4 to 1

Bust with 7 to 9 – Pays 2 to 1

Bust with 2 to 6 – Pays 1 to 1

The house edge is about 10% if the dealer stands on soft seventeen, about 8% if the dealer hits soft seventeen.

Over/Under 13

A player can wager on whether the total of his first two cards will be over, or under, 13. An exact 13 total always loses and Ace always counts as 1. The house edge for the Over 13 wager is 6.5 %, and for the Under 13, it’s 10 %. The side bet is usually offered on six- and eight- deck games.

Pair Square

A player wins if his or her first two cards are the same rank (such as a pair of 8’s). An unmatched pair (like an 8 of Clubs and an 8 of Hearts) pays 10 to 1. A matched pair (like a pair of 8’s of clubs) pays 15 to 1. The house edge is 10.6 %.

Super Sevens

In addition to your blackjack game bet, wager $1 that you will be dealt from one to three sevens resulting in the following payouts:

One seven pays 3 to 1

Two unsuited sevens pay 50 to 1

Two suited sevens pay 100 to 1

Three unsuited sevens pay 500 to 1

Three suited sevens pay 5000 to 1

The house edge is about 12% with no third card dealt and about 11% when a third card is dealt.

Lucky ladies

Here is a bet where any hand totaling 20 wins something. If you’re lucky enough to have a pair of Queens, you’ll win more, as the following pay table shows:

Pair of Queens with a dealer Blackjack – pays 250 to 1

Pair of Queens – Pays 25 to 1

Any suited 20 – pays 9 to 1

Any unsuited 20 – pays 4 to 1

The house edge is between 17 & 20 % depending on the jurisdictions pay table.

Always keep in mind that your bankroll is at a greater risk of a quicker depletion while playing blackjack games and making these tempting side bets.