The Ohio Pick 5 drawings are held twice a day with a fixed jackpot of $50,000 for each draw. With several wagers, odds of winning Pick 4 are pretty great. The price depends on the type of wager you go for which includes Straight Bet, 120 Ways Boxed Bets, 60 Ways Boxed Bets, 30 Ways Boxed Bets, 20 Ways Boxed Bets, 10 Ways Boxed Bets, 5 Ways Boxed Bets, Front Four Pair Bet, Back Four Pair Bet, Front Three-Pair Bet, Back Three-Pair Bet, Front Pair, Back Pair, and Back-up Bet.
The table below depicts the different ways you can play Pick 5 and how it affects your odds and prize payout potential.
|Wager type||Prize (for $1 bet)||Odds|
|Straight||$50,000||1 in 100,000|
|120-Way Box||$417||1 in 833|
|60-Way Box||$834||1 in 1,667|
|30-Way Box||$1,668||1 in 3,333|
|20-Way Box||$2,500||1 in 5,000|
|10-Way Box||$5,000||1 in 10,000|
|5-Way Box||$10,000||1 in 20,000|
|Front Four Pair Bet||$5,000||1 in 10,000|
|Last Four Pair Bet||$5,000||1 in 10,000|
|First Three-Pair Bet||$500||1 in 1,000|
|Last Three-Pair Bet||$500||1 in 1,000|
|Front Pair||$50||1 in 100|
|Last Pair||$50||1 in 100|