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THAILAND LOTTERY TICKETS
Speaking of Thailand, Howard Daniel forwarded this article on how the popularity of certain numbers has led to price increases for
lottery tickets in that country. Thanks. -Editor
In an extreme move, the National Council for Peace and Order (NCPO) has invoked Section 44 of the interim charter — rule by diktat — as a weapon against overpriced lottery tickets. The NCPO has also appointed a major-general as the new chairman of the board of the Government Lottery Office (GLO). His appointment will lead to direct military oversight and potential prison sentences for those who sell tickets at more than face value. If successful, the approximately 17 million people aged 18 and over who spend about 6% of their income on the national lottery will benefit from the 33% reduction in price. Although most consumers of the lottery are not statisticians, they have a clear sense of which tickets they desire. In short, tickets with three or more numbers that are the same are left untouched. The total cost of these unsold tickets is close to 2 billion baht per annum. This cost is indirectly passed on to the buyers and is partially accountable for the high price of tickets. And, even though the probability of any number being drawn is identical, people still buy the ticket numbers they think will win. Moreover, seeing the opportunity for making a fortune out of tickets with better perceived chances of winning, the five major lottery operators — which, in practice, form a syndicate — offer to buy all the tickets, including unattractive numbers, from the individuals and the government agencies that have the lottery quota allotment from the GLO. To read the complete article, see:
There are many lottery ticket collectors in Thailand. This site below has an excellent information and an image of a modern Thai lottery ticket. There was another lottery ticket system before 1974. All lottery systems are called voluntary tax systems in my research. To read the complete article, see:
Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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