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Mega lottery winner to stick with Ford, ex-wife

Topic closed. 33 replies. Last post 9 years ago by mylollipop.

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Zeta Reticuli Star System
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January 17, 2006
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Posted: April 10, 2008, 2:16 pm - IP Logged

I somehow changed my own meaning in my last post.  Duh! When I wrote

It appears to me that if you have 176,000,000 combinations, by purchasing 1/2 of the tickets or 88 million, it means your odds are now 50/50!

What I meant is that sounds like what others are saying. 

Well it really would be nice of some of these examples people attempt here to explain the odds and what have you were what the lottery used to base things on. Unfortunately, the Mega Millions lottery plays with a deck of 175,000,000 cards, not 52.

In his book The Lottery Book, author Don Catlin explains how the lotteries used the terms chances and probabilities to market the lottery, because they are so much more appeasing to the players than the true odds.

Years ago in the casinos, someone got the idea to label their dice tables "10 for 1" on the hard six and eight prop bets, as they all used to say  said "Pays 9 to 1". The whole thing was a marketing ploy to attract play, and it did, as word got out Reno was "paying better odds".

The payouts are identical, 9 to 1 means the bet still stand and pays 9 dollars for the dollar wagered, 10 for 1 includes the bet, so if a player said pay me 10 they would get the bet back with the payoff and no longer have the bet in action.

Both layouts are now used, just depends on the casino.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

Lep

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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    NY
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    Member #23835
    October 16, 2005
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    Posted: April 12, 2008, 2:21 am - IP Logged

    Coin Toss, once I got into this same type of discussion by mentioning the mortgage crisis.  Yet I was also told I still don't understand basic math.  It appears to me that if you have 176,000,000 combinations, by purchasing 1/2 of the tickets or 88 million, it means your odds are now 50/50!  The only way they'd be 50/50 is if there were 2 choices and you bought one of them. 

    Still, forgetting mathematical concepts for a minute, the idea that buying a few extra tickets really makes much of a difference when you are betting with such astronomical odds, is the way the Lottery wants people to think. "Oh, if I spend just $5 more dollars, maybe I'll win."  It's true that that one extra ticket might be the winner, but it's more likely it won't.  Just that fact that we live in a country with over 300 million, 8 or 9 people will win MM in 2008, and folks here wake up and say "I know I can pick the winning numbers tonight" says a lot to me, and you don't have to win the Nobel Prize in Math to understand that.

    (I was going to leave that alone, but my guess is someone won't realize I was joking and will tell me there isn't a Nobel award for math which was was my point.) 

    What you've said clearly shows that either you don't understand basic math, or you're unable to say what you really mean. You've claimed it doesn't work the way I say it does often enough that I have no choice but going with the math problem.

    "The only way they'd be 50/50 is if there were 2 choices and you bought one of them."

    If you were to buy half of the possible combinations that's exactly the situation you would be in. You can sort the possible combinations into two halves by any number of methods, but however you've done it the winning combination will be in one half or the other. That's two choices, and you have bought one of them. If it's in the half that you played you'll have the winning ticket. The same thing holds true, whether you've bought 99.99%, 50%, 10% or  .000005714285714%.

    I don't know exactly why you can't understand it, but it's not rocket science. It's basic math.

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      NY
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      Posted: April 12, 2008, 2:30 am - IP Logged

      Well it really would be nice of some of these examples people attempt here to explain the odds and what have you were what the lottery used to base things on. Unfortunately, the Mega Millions lottery plays with a deck of 175,000,000 cards, not 52.

      In his book The Lottery Book, author Don Catlin explains how the lotteries used the terms chances and probabilities to market the lottery, because they are so much more appeasing to the players than the true odds.

      Years ago in the casinos, someone got the idea to label their dice tables "10 for 1" on the hard six and eight prop bets, as they all used to say  said "Pays 9 to 1". The whole thing was a marketing ploy to attract play, and it did, as word got out Reno was "paying better odds".

      The payouts are identical, 9 to 1 means the bet still stand and pays 9 dollars for the dollar wagered, 10 for 1 includes the bet, so if a player said pay me 10 they would get the bet back with the payoff and no longer have the bet in action.

      Both layouts are now used, just depends on the casino.

      The math is exactly the same for casinos using dice and cards and the lottery using millions of combinations. I try to use simple analogies because you've demonstrated that you're incapable of understanding it when there are big numbers involved. FTM, it appears that you have problems even with smaller numbers and simple examples, because you always sidestep the questions. As above, your favorite trick is to say that casinos don't play that game. The only realistic explanations I can come up with are that you have very limited ability to reason, or you're simply being dishonest.

        mylollipop's avatar - Trek STLOGO6.png

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        October 21, 2005
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        Posted: April 18, 2008, 12:01 am - IP Logged

        Quote in the original story made no sense, thanks for the correction! 

        Yeah, It did not make sense.  Just did not read right, especially after the other things I read about the winner like his giving up his job so someone else could have an opportunity.  Congrats and best wishes to the Snead family.