One good ground rule of playing lotto has been: Always play what you can afford to lose.MarkII said:
Another good ground rule would be: Join the TERB lotto syndicate to enhance you chance of winning via collective 'investing'. LOL!!!
Super Seven
- Thread starter Bigbossfan
- Start date
Another good ground rule would be: Join the TERB lotto syndicate to enhance you chance of winning via collective 'investing'. LOL!!!
Well that is one way of looking at it and yes your odds of losing are very great . It still amazes me that people even buy a ticket when you know that there are only 2 prizes worth winning 1st and 2 nd and your odds against it are over 14 million to one. It's probably the same reasoning people who play slots use as opposed to blackjack the potential big win at slots but much better odds at blackjack.MarkII said:
Thats the difference between buying 1 ticket and buying many.booboobear said:
When you get many tickets, you are acting as if you actually had a chance to win. When you buy one, it is more of a "just for the hell of it"
Same reason buying tickets with others is just plain dumb. Your odds are still 0, however your prizes are now much less.
Actually you can win the second or third price and that's important ( cost recovery)FatOne said:
If you look at the stats below nearly 300 people got 6/7 in the last draw.
Your chances of getting second or third price actually do increase signficantly
with volume..and yes ...I speak from experience. I did get to 5/6 on 649 once
but I think I bought $140 worth. If you spend $80 on 649 and do your numbers
carefully you should be able to get 4/6. On occasion I have had 2 - 649 tickets
both with 4/6 during the same draw so basically I got a full refund on my tickets.
My suggestion: Instead of buying one or two lines , save your money &
gamble once a month but buy a few tickets when you do. Buying one or two lines
is a waste of your money. Your chances of winning anything are almost =0.
Buying more lines allows you to try different strategies/combos--with some luck and if you select your numbers/play methods carefully you should at least be able to cover your costs.
There is no doubt in my mind that lotteries favour big spenders. Which is sad
because this punishes the careful gambler who only spends a few dollars a month but in all probability will lose everything.
The big spenders get most of their costs covered via repeated tries/mutiple number combos.
A carefully prepared combo ticket can clock several small prices since the same number sets
are duplicated in several lines.
But you can't blame the lottery corporation for looking out for their best customers.
Some of the people who are winning are not necessarily luckier than you - they put more thought
into the number selection process, they use a variety of tools and methods to prepare their numbers.
Code:
7/7
2
$16,000,000.00
6/7 + Bonus
6
$85,233.60
6/7
293
$1,745.40
5/7
17107
$101.60
4/7
365098
$10.00
3/7 + Bonus
334059
$10.00
3/7
3044204
FREE PLAYWow! Irrational and an utter ignorance of statistics.Fred Zed said:
I would like to add a "no offense" comment to this because I mean nothing personal, but really, you need to be offended.
Your example is laughable. I would argue the point, but it would be a waste of time. If you don't understand statistics and probability, and if you think anecdotal evidence is somehow valid, there is nothing I could say you convince you that your truthiness is wrong.
I give you the wag of the finger sir.
What exactly are you trying to say ???FatOne said:
What example ?
Can someone please translate this for me ?
Because you only purchase one line at time by the looks of it, you don't know anything. For the record I grossed $18 k in prizes just last year alone.
I would like to know how much you made ?
And if (as I suspect ) you didn't make anything, what makes me different from you ?
My most recent win was 6/6 on Keno less than 2 weeks ago ( 2 lines- same draw) but I had another 7/7 Keno win previous to that.
That's in addition to the 5/6 on 649. Plus I had 2 pick3 wins. ALL in a period of less than 9 months.
But what what I said about lotteries favouring big spenders is quite true.
They have a much better chance of recouping most of their costs---it is the small player
who in all likehood will lose everything. Anyone who spends a modest amount and knows
how to wheel numbers can marginally improve his score & substantially cut his costs and in some cases actually net a profit..
I was only relating my experience but I did take graduate courses in statistics if you really want to know. Not that it matters, because if you cannot understand a simple post such as the one above it's highly unlikely you would understand complex theories of statistics and probability.
For someone who claims to have statistics and probability prowess, your opinions left so much to be desired. When you buy even one lottery ticket, you are giving yourself a chance to win, no matter how infinitely small. Your chance of winning is zero if and only if you do not buy any lottery tickets. They are analytically distinct. Perhaps your fat wallet diverted your attention so you cannot logically distinguish them???FatOne said:
Back to the idea of pooling resources with the lotto syndicate, there are various techniques to enhance your chances of winning, without reducing the jackpots into insignificant amounts. For instances, take the Powerball jackpot of $100Million for our experiment. If we assign 10 members in one group, each investing $100 into buying Powerball tickets, it will give 1000 hits instead of 100 hits a member can afford. If this group hits the jackpot, each member will have $10Million USD. Not bad for one day's work per person. In other words, it is not necessary to think of investing in a lotto syndicate will necessarily dilute your earnings to unappetizing proportion, given this multi-small groups strategy.
On the other hand, look at the big picture. If this lotto syndicate has 10000 members, divided into 1000 small groups, what is its buying power? It will be 10000 X $100 each member = $1,000,000. With a million hits, the chance of hitting the jackpot is mathematically and greatly enhanced than if you can only afford 100 hits. If the jackpot is hit, it will be shared only among 10 members within a small group out of the 1000 groups since each group will be given 1000 unique shots according to the designed lotto picking strategies.
Ok, Freddie, it is your turn to lecture on 'the designed lotto picking strategies'. *Wink, wink* LOL!!!
lol..thanks doc. I wonder if it's a good strategy for us to divulge on a public forum what has been several man hours of Lotto syndicate research. Suffice it to say that unless you are **very** lucky, in order to win any meaningful amount of money in a lottery certain conditions must satisfied. But more about that later.Scenicdrive said:
The Phenomenology Of Luck
Well, since humans by nature don’t understand everything, especially the ever changing causal networks of events and outcomes, there is such thing as luck. As they say, luck is always blind, random, and chancy. So far, you are lucky on the smaller scale. As you seem to do better than an average person in lotto winnings. But with more refined and sophisticated lotto picking strategies, Lady luck may welcome you with two open arms. That may mean lucky on the gigantic scale. Can you imagine a big fat check of $102M USD from Mega Millions this Friday??? How about $115M USD from Powerball Lotto this Saturday??? http://www.usamega.com/ How about hitting both in a roll??? *Wink, wink* LOL!!!
Fred Zed said:
Well, since humans by nature don’t understand everything, especially the ever changing causal networks of events and outcomes, there is such thing as luck. As they say, luck is always blind, random, and chancy. So far, you are lucky on the smaller scale. As you seem to do better than an average person in lotto winnings. But with more refined and sophisticated lotto picking strategies, Lady luck may welcome you with two open arms. That may mean lucky on the gigantic scale. Can you imagine a big fat check of $102M USD from Mega Millions this Friday??? How about $115M USD from Powerball Lotto this Saturday??? http://www.usamega.com/ How about hitting both in a roll??? *Wink, wink* LOL!!!
The Phenomenology of Luck, Part II
Indeed, there is always someone who is extremely lucky, namely hitting a big jackpot more than once. http://www.lotterypost.com/news/148630.htm
Indeed, there is always someone who is extremely lucky, namely hitting a big jackpot more than once. http://www.lotterypost.com/news/148630.htm
And winnings are? And yes, for the system to work, I was implying that people lose on average. Don't get me wrong, I think lotteries are fun and I hope for the big payday when I play but I just think of it as an entertainment expense that might give me an added bonus.
Not everyone is as lucky as Freddie for sure. If you are counting on blind luck to win, the decent approach is play what you can afford; treat it as an entertainment, and don't waste too much time thinking about winning. If you win, congratulations. If not, not much is lost. Incidentally the Powerball lotto jackpot is $180M USD for this Wednesday's drawing. http://www.powerball.com/ Best of luck to you all.basketcase said:
lol..I am glad you think I am lucky. I think the idea is to allocate a percentageScenicdrive said:Not everyone is as lucky as Freddie for sure. If you are counting on blind luck to win, the decent approach is play what you can afford; treat it as an entertainment, and don't waste too much time thinking about winning. If you win, congratulations. If not, not much is lost. Incidentally the Powerball lotto jackpot is $180M USD for this Wednesday's drawing. http://www.powerball.com/ Best of luck to you all.
of your gambling dollar, however small, to lotteries with good odds. In Ontario
these are:
-4 number game Keno
(yes, I have won this up to 5 times a week. Hey, it's only $100
per win but $100 does not grow on trees and the win will provide you a gambling budget ).
Cost: $1 per line
odds of winning : 1/189
-Lottario : if you get 4 / 6 numbers early bird you win
$400- $600 approx.
cost : $1 buys 2 lines
-Pick4
the box play is winnable, the straight play is tough to win.
Box play pays $200.00 approx.
-pick3:
This is harder to win than most people realize----
for straight play you have to get the numbers in the exact sequence they
appear, not easy.
Odds of winning straight play : 1/1000.
Unfortunately, the reason most people lose everything is that they concentrate
all their resources on lotteries where they have very little chance of winning.
The only problem with the above approach is that if everyone
adopts it the share going to each winner will diminish substantially..
Fred Zed said:
I still think you are lucky that's ok though . No lottery has good odds and if you won KENO 5 times in a week that is definitely lucky my man. Come with me to the craps table and bet for me .
4 number Keno game is not hard to win man. If you correctly guess that 6 or 7 of the numbersbooboobear said:
are going to be between 50-60 and prepare several tickets
with different permutations for that number group
you can win $100 multiple times, same draw. Because once you correctly
guess the active number group, within the group the numbers are only going be 1 or 2 or 3 digits apart.
So you simply keep replaying those numbers, changing odd numbers to even and vice versa
or better still use software, see the output I generated below.
