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ForumsResults 101 - 110 of 540 for 'calculate odds'. (0.02 seconds)

New service for New Jersey scratch-off players
I hope this isn't considered spam, but I think this is pretty handy. You see, the lottery in NJ doesn't tell you what the odds are of winning a particular prize, and even their overall odds quote is just a vague estimate. But with the information they do give, I was able to calculate the odds for their instant games. It's here (or the first wave of games are here) at http://thelottogeek.freehostia.com/NJScratch.html. Now, they are in Excel format, but there is a link to download a free Excel vie
May 28, 2009, 9:59 pm - JimmySand9 - Instant ("Scratch-Off") Games Forum

Indiana convenience store sells winning $163M Powerball ticket
The odds of winning the Powerball jackpot are estimated at 195 million to one. It sure is a shame that there's no way to actually calculate the odds accurately, eh?
Jan 21, 2009, 3:09 pm - KY Floyd - Lottery News

Scratch-Off Skepticism
Hi. I have a question. Let's say I want to play an instant scratch-off lottery game that has overall winning odds of 1 in 4. If possible, how do I know those odds are not bogus? Is there a way I can calculate those odds myself? Unlike instant games, with all of the numbering possibilties of (for example) pick3, pick4 games, I know how to calculate the odds myself. But with instant games, the consumer doesn't know how many tickets were printed (made). If we did, (...assuming the
Jan 28, 2008, 4:17 pm - r2b2lynn - Instant ("Scratch-Off") Games Forum

Another stupid math question
Yeah, that's what I meant by winning a prize, but they don't have $1 winners on $3 tickets. Not here anyway. I was just trying to figure the odds of winnig any prize like what is represented in the odds they give. I wasn't trying to figure out how to make money. If I was really trying to make money I wouldn't be buying lottery tickets. I was just trying to figure out how you calculate the odds for winning any prize. I think the 7$ ticket would be better than 3 2's and a 1, unless you real
Mar 31, 2006, 4:34 pm - afumbler - Mathematics Forum

OH Lot 'O Play- Drawings
I agree. There isn't any fun in the game when you are forced to do something that you may not want to do. If they get rid of it, I hope they replace it with a good MI-OH joint venture. Just don't let MI get ahold of any of the drawings, because they will RNG them in a heartbeat.This is also something that needs to be addressed: the odds are supposedly 1 in 6,273,960 but you could calculate them as 1 in 75,287,520. The bigger number is your actual odds if you pick your own numbers (the top line o
Nov 13, 2005, 2:35 pm - NoCompLotto! - Jackpot Games Forum

Figuring the Odds
Greetings all!I'm trying to figure out how to determine which Instant Games (in Georgia) are the best deal. I see where the Georgia Lottery says that, for example, Fast 50 has Overall Odds of winning of 4.8. It has a game price of $1, a top prize of $500, and that 104 of 171 of the $500 prizes have been claimed. #1 DAD has overall odds of 3.92, with a top prize of $35,000, and 2 of 4 of these prizes have been claimed.It seems on its face that #1 dad is the better value. But I wonder what go
May 31, 2005, 3:58 pm - DaveyDoo - Lottery Discussion Forum

odds?
Maverick -When it is said that odds of a winning ticket are 1::3.70, it simply indicates that out of every 37 tickets, 10 (on average) will be winners. For instance, in a game where 37 million tickets are produced, 10 million will be winners. And, if 10 million tickets are winners, then 27 million tickets will be losers. Doesn't tell you how much or what you'll wiin if you win, doesn't tell you what the payout percentage is, doesn't tell you where the tickets are distributed (either on the roll
May 8, 2005, 5:05 pm - johnph77 - Instant ("Scratch-Off") Games Forum

Hmmm, law of averages perhaps ?
Quote: Originally posted by TycMozo on November 29, 2004Given that the organisers are obviously doing their level best to counter any trends that might begin to appear, if i have identified that the average gap between occurances of number 'x' is larger than 49, is it right to assume that in future draws the gap will be less than average simply in order to return the 'x' gap average back to 49 ? Or should i highlight this as a trend and calculate based on what i know ?Another way of looking at i
Nov 30, 2004, 10:05 am - JAG331 - Mathematics Forum

pick 3 probability
Quote: Originally posted by Jake649 on May 20, 2004Quote: Originally posted by Bertil on May 20, 2004 By what formula does one calculate the odds of winning a pick3 type game if one buys 100 random tickets? Would it be 10%?Suppose the lottery sells only 5000 random tickets, what % of all numbers are likely to remain not sold?If every one of the 100 tickets is unique, then the odds of winning are exactly 10%. If you buy quick picks, you may have one or more duplicates, so the odds of winning are
May 20, 2004, 3:58 pm - Bertil - Lottery Discussion Forum

pick 3 probability
Quote: Originally posted by Bertil on May 20, 2004 By what formula does one calculate the odds of winning a pick3 type game if one buys 100 random tickets? Would it be 10%?Suppose the lottery sells only 5000 random tickets, what % of all numbers are likely to remain not sold?If every one of the 100 tickets is unique, then the odds of winning are exactly 10%. If you buy quick picks, you may have one or more duplicates, so the odds of winning are 9.5%.The formula is (1-p)^N where p = the probabili
May 20, 2004, 1:00 pm - Jake649 - Lottery Discussion Forum