The small boardwalk in Avalon, NJ, where I’ve been vacationing with some family for the past week, contains one pizza shop, one ice cream shop, and a small arcade. It also contains the answer to all your money problems.
You may know the game Colorama. It is essentially a simplified game of roulette. A multi-colored wheel spins, you pick a color, and if the ball lands on your color, you win a certain number of tickets, inversely proportional to the amount of your color on the wheel.
The game costs one dollar for five spins, and the payouts are as such:
- Red: 25 tickets
- Green: 25 tickets
- Blue: 50 tickets
- Yellow: 75 tickets
- White: 125 tickets
Now I must admit I didn’t have my protractor with me when I went to the arcade today, nor did I test the probabilities experimentally, but let us assume that Colorama is a fairly designed game of chance, so that the expected gain from each color is the same. That means Red will come up just under one third of the time at 30/91, Blue 15/91, yellow 10/91, and white 6/91 (which is about 6.7%). I don’t have a great idea if this is true, but a brief google search turns up no better assumptions.
This suggests that each spin earns you about 8.24 tickets, or 41.21 tickets per dollar.
Now, most of the items you can redeem you tickets for a priced pretty high. There was a Wii for 45 thousand tickets. Since Wiis cost $200, that is a ticket to dollar ratio of 225. The Pirate gun and sword and eyepatch set that my cousin redeemed 275 tickets for can be found for $3.29 (83ish tickets per dollar). Most other items I took note of where priced somewhere between the two.
Not Tootsie Rolls, though. If you find yourself in the Avalon arcade, you can get yourself a Tootsie Roll for a single ticket. After some further searching, the cheapest Tootsie Rolls I could find online cost $75 for thirty pounds (approximately 1,950 pieces). That amounts to 26 Tootsie Rolls per dollar.
But suppose you play Colorama in Avalon instead of ordering from Amazon. We already computed the yield of 41.21 tickets per dollar, which is just 41.21 Tootsie Rolls per dollar. For 30 pounds of Tootsie Rolls, you are looking at a cost of $47.32, AKA way fucking cheaper.
The final phase of the plan is to set up a website to sell Tootsie Rolls, undercutting Amazon. In summary:
Money->Arcade Credits->Arcade Tickets->Tootsie Rolls->More Money Than You Started With!