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| Thread ID: 141407 | 2015-12-13 20:34:00 | Are you still buying Powerball ? I'm not | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1412746 | 2015-12-14 06:33:00 | I'm sure that's a bit beyond me, but statistically there is no way to improve the chance of any one number being chosen in a random draw. If there was mathematicians would have made Lotto bankrupt by now. As an example, Imagine the old spinning wheel type draw. Now imagine you have 50% of the numbers on it. Arrange them any way you want - one half of the wheel, every 2nd Number, a random selection, whatever. When you spin the wheel you still have a 50/50 chance of winning regardless of which 50% of the numbers you have. It's the same whatever the % is. The only way a block of numbers helps your chances is if there are prizes for being close to the winning number, then if you win once you'll likely win multiple times. |
dugimodo (138) | ||
| 1412747 | 2015-12-14 06:53:00 | The only way to win, is to buy a ticket. Yes, I buy Lotto :) |
Zippity (58) | ||
| 1412748 | 2015-12-14 08:23:00 | I use to bet on horses at the TAB's and generally had more losses than wins, though did win a few hundred over about 5 years. I picked up this wasted habit from a pro at work. He was relatively wealthy and intensely studied the weekly field trials, and what he put on to bet most would be happy to win. He "worked" with others though, and would even photo/film horses in the birdcage before the race, and quickly relay any info about the horse back to others. One of his mates was featured in Womans Weekly, who made a living on horse betting. They sometimes bet 5 to 10 grand a place or each/way I was told. As for lotto, it is good having a win, as I experienced as part of a work syndicate, 11, 000 grand but felt like not enough, if you have a few credit card debts to clear, kids that want the latest, and buy needed household goods. Left with virtually nothing. But too many bread and butter prizes, in Lotto's minor divisions, as noted time to ramp them up. Bonus Bonds? Only a million top prize? why don't they ramp it up, and include several more prizes? Or alter the draws, e.g. re-entering numbers, one to three each side of winning number, etc. Kind of like a Batons up (fundraiser) - which have multiple cash prizes, common in South Auckland. |
kahawai chaser (3545) | ||
| 1412749 | 2015-12-14 18:22:00 | The only way to win, is to buy a ticket. The only way to win in gambling is to run it. Can't own lotto, but for instance a casino. Then you win. |
pctek (84) | ||
| 1412750 | 2015-12-16 23:09:00 | Just following up on previous posts. Have located old Lotus123 spreadsheets from the 1970's onward. You can see where the "long string" purchases started to generate large prizes. lurking. |
Lurking (218) | ||
| 1412751 | 2015-12-17 01:09:00 | All I see is that you won more often when you had more bonds which is to be expected, nothing to Indicate that it's anything other than the total number of bonds making the difference. If you could show large numbers of results comparing large strings of bonds with purely random numbers of them in the same quantities then that would possibly support your claims. As it is one set of results is not enough to go on and doesn't prove a difference. I come back to the statement, there is no way to improve the odds of any one number being randomly selected in a draw. I add to that there is no statistical difference between the odds of say 1 of 10 sequential numbers being selected in a draw than 1 of 10 random numbers being selected. The odds do not change based on which numbers you have. There is one argument that agrees with buying a large number all at once though, If I buy 500 bonds now instead of 20 at a time all year, then all 500 are in every draw so I do have more chances of winning. Again purely based on the number of tickets and nothing to do with strings. |
dugimodo (138) | ||
| 1412752 | 2015-12-17 21:25:00 | All I see is that you won more often when you had more bonds which is to be expected, nothing to Indicate that it's anything other than the total number of bonds making the difference. If you could show large numbers of results comparing large strings of bonds with purely random numbers of them in the same quantities then that would possibly support your claims. As it is one set of results is not enough to go on and doesn't prove a difference. I come back to the statement, there is no way to improve the odds of any one number being randomly selected in a draw. I add to that there is no statistical difference between the odds of say 1 of 10 sequential numbers being selected in a draw than 1 of 10 random numbers being selected. The odds do not change based on which numbers you have. There is one argument that agrees with buying a large number all at once though, If I buy 500 bonds now instead of 20 at a time all year, then all 500 are in every draw so I do have more chances of winning. Again purely based on the number of tickets and nothing to do with strings. True - odds are the same, i.e. if consecutive or spatially random for that kind of draw distribution. There are many types - from what I studied for stats. But the n! factorial combinations (nCr) and permutations (nPr) calculations- common on calculators can be used to calculate chances of winning, So for a regular single line of 6 for lotto of 40 numbers would be 40C6 = 1 in 3838380 odds (I think) of winning. Or calculate online. (ncalculators.com) |
kahawai chaser (3545) | ||
| 1412753 | 2015-12-17 21:51:00 | Lottery games are designed for the mathematically-challenged. I don't generally buy Lotto (except on the odd occasion when the prize is huge), and even less likely at the moment as I am going through a marriage split (don't want to split any possible winnings)..... |
johcar (6283) | ||
| 1412754 | 2015-12-18 00:33:00 | I don't generally buy Lotto (except on the odd occasion when the prize is huge), and even less likely at the moment as I am going through a marriage split (don't want to split any possible winnings)..... Sorry to hear that Johcar. If you don want to split up you could buy a ticket and give it to her and then if you win she will love you. And if you still split up she will have to give you half. |
Digby (677) | ||
| 1412755 | 2015-12-18 00:52:00 | Sorry to hear that Johcar. If you don want to split up you could buy a ticket and give it to her and then if you win she will love you. And if you still split up she will have to give you half. :D:D:D:D:D |
johcar (6283) | ||
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