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The Difference between Chances / Probability and Odds

Topic closed. 14 replies. Last post 5 years ago by Raven62.

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jrosina's avatar - k3 34.jpg
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Posted: January 23, 2010, 9:47 pm - IP Logged

Hi Lp Family. I was just having a wonderful exchange with badboy00z, and he very kindly and correctly I might add, caused me to see the difference between odds and chances/probability  I was asking the right question, wrongly! so tell LPers the difference!

forget what "they" say about youWhat you say about you?...

Now, does it count??

 

 

*Jr$ina

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: January 23, 2010, 10:11 pm - IP Logged

    Someone is always bringing up the different definitions of odds, chances and probability or definitions of randomly picked, quick picked or auto picked but regardless of their definitions, knowing them don't help you win a lottery.

    * you don't need more tickets, just the right ticket * 
    * your best chance at winning a lottery jackpot is to buy a ticket * 
         Wink 

      jrosina's avatar - k3 34.jpg
      New York,
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      Posted: January 23, 2010, 10:49 pm - IP Logged

      Someone is always bringing up the different definitions of odds, chances and probability or definitions of randomly picked, quick picked or auto picked but regardless of their definitions, knowing them don't help you win a lottery.

      But it sure helps with false expectations; Yes?

      forget what "they" say about youWhat you say about you?...

      Now, does it count??

       

       

      *Jr$ina

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        CA
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        Posted: January 23, 2010, 11:31 pm - IP Logged

        Being educated however trivial is always better than not being educated.

          four4me's avatar - gate1
          MD
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          Posted: January 23, 2010, 11:38 pm - IP Logged

          Chances are you Probably won't beat the Odds.

          Big John says. You don't hit the number. The number hits you!!!!

                         I'm not Big John, I'm Four4me, Big John's a friend.
            jrosina's avatar - k3 34.jpg
            New York,
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            Posted: January 23, 2010, 11:55 pm - IP Logged

            Chances are you Probably won't beat the Odds.

            Odds are if you Take The Chance You Probably Would!

            forget what "they" say about youWhat you say about you?...

            Now, does it count??

             

             

            *Jr$ina

              RJOh's avatar - chipmunk
              mid-Ohio
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              Posted: January 24, 2010, 12:07 am - IP Logged

              Chances are you Probably won't beat the Odds.

              Regardless of the Odds  if you don't take  some Chances you'll Probably never win a jackpot.

              * you don't need more tickets, just the right ticket * 
              * your best chance at winning a lottery jackpot is to buy a ticket * 
                   Wink 


                United States
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                Posted: January 24, 2010, 12:22 am - IP Logged

                Odds give you numbers......Chances give you hope, and probability throws at you reality.

                  jrosina's avatar - k3 34.jpg
                  New York,
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                  Posted: January 24, 2010, 2:00 am - IP Logged

                  Regardless of the Odds  if you don't take  some Chances you'll Probably never win a jackpot.

                  I Agree!LOLYes NodWink Compleatly in agreement!!!

                  forget what "they" say about youWhat you say about you?...

                  Now, does it count??

                   

                   

                  *Jr$ina

                    jrosina's avatar - k3 34.jpg
                    New York,
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                    Posted: January 24, 2010, 9:11 am - IP Logged

                    Being educated however trivial is always better than not being educated.

                    Yep!

                    forget what "they" say about youWhat you say about you?...

                    Now, does it count??

                     

                     

                    *Jr$ina

                      ca-dreamin*'s avatar - Lottery-065.jpg
                      Chicago
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                      Posted: January 24, 2010, 10:15 am - IP Logged

                      Ok I'm still with the school of thought that regardless of the odds or probability of winning I CAN still increase my chance of winning!!!!

                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
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                        Posted: January 24, 2010, 10:32 am - IP Logged

                        You can improve your odds and chances of winning dramatically by purchasing one ticket.

                        Probability of winning however, will still remain dismally low.

                        One chance in 175 million is dramatically better than zero because zero is absolute.

                        And speaking of Absolut, I think I'll have a Screwdriver right now.


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

                        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                    --Edmund Burke

                         

                         

                          jrosina's avatar - k3 34.jpg
                          New York,
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                          Posted: January 24, 2010, 10:32 am - IP Logged

                          Ok I'm still with the school of thought that regardless of the odds or probability of winning I CAN still increase my chance of winning!!!!

                          Ca-Dreaming, I loves your thought yes indeed!!Lovies

                          forget what "they" say about youWhat you say about you?...

                          Now, does it count??

                           

                           

                          *Jr$ina

                            jrosina's avatar - k3 34.jpg
                            New York,
                            Panama
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                            April 4, 2009
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                            Posted: January 24, 2010, 10:34 am - IP Logged

                            You can improve your odds and chances of winning dramatically by purchasing one ticket.

                            Probability of winning however, will still remain dismally low.

                            One chance in 175 million is dramatically better than zero because zero is absolute.

                            And speaking of Absolut, I think I'll have a Screwdriver right now.

                            rdgrnr, I just love you guy!!!  You are the bestest!!!Love

                            forget what "they" say about youWhat you say about you?...

                            Now, does it count??

                             

                             

                            *Jr$ina

                              Raven62's avatar - binary
                              New Jersey
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                              June 28, 2005
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                              Posted: January 24, 2010, 10:49 am - IP Logged

                              Hi Lp Family. I was just having a wonderful exchange with badboy00z, and he very kindly and correctly I might add, caused me to see the difference between odds and chances/probability  I was asking the right question, wrongly! so tell LPers the difference!

                              Chances are: If Evens are Drawn: You will Think it's Odd!

                              A mind once stretched by a new idea never returns to its original dimensions!