Florida Pick 3 In the Florida Pick 3 lottery, you can place a “straight” bet of $1 by selecting the exact order of three digits between 0 and 9 inclusive (with repetition allowed), so the probability of winning is 1/1000. If the same three numbers are drawn in the same order, you collect $500, so your net profit is $499.
c. Is there much of a difference between the actual odds against winning and the payoff odds?