The odds the Jackpot reached $390 million are...

Reply #4

Stack47 — Tue, 20 Mar 2007 19:42:51 GMT

Some people assume if the amount of money bet on QPs is more than all the possible combinations, somebody should have the winning numbers. Even though there was $212 million in sales when big Mega Million jackpot was hit, not every possible combination was sold. If the numbers16,22,29,39,42 were sold with every mega ball, there should have been at least 1 jackpot winner and at least 45 second prize winners; there were only 43 second prize winners so not all the combinations were sold.

We know... [ More ]

Reply #3

RJOh — Tue, 20 Mar 2007 15:38:32 GMT

Are you saying the balls used in the PowerBall and MegaMillions drawings are controlled by a computer? And that the computer have them pick a combination from the ones it knows weren't played?

There's another poster who thinks something similar, only he thinks the lottery computers looks at his tickets and pick numbers he didn't play. He has come up with a strategy he calls Chao55 which he claims confuses the lottery computers and allow someone even if not himself to win a lottery jackp... [ More ]

Reply #2

MattMatt — Tue, 20 Mar 2007 01:27:09 GMT

First of all I meant rounds, not weeks.

I checked out the thread by Prob988

https://www.lotterypost.com/thread/119385/32

The information you asked for is not there.

The closest data is:

1- The odds of 1.63% for a similar estimated jackpot ($394, see post from January 10 2007) as Overall Calculated Model Rollover Probability of the long term jackpot evolution model, which is significantly outphased with the observed (more precisely: official) evolution.

2- the distribution pro... [ More ]

Reply #1

CA LotteryGuy — Mon, 19 Mar 2007 22:00:20 GMT

MattMatt...check out the thread by Prob988, Probablity of a Mega Millions Rollover. The information you asked for is there and done after every drawing.

As far as proving Matt Marriott wrong, I am not sure what you are trying to say. What do you mean by a combination that nobody did is picked up by the computer

The odds the Jackpot reached $390 million are...

MattMatt — Mon, 19 Mar 2007 21:38:43 GMT

What are the odds of winning the MEGA MILLIONS Jackpot?

The answer is 1 in 175,711,536.

Since all the parameters are known, i.e.

- the odds of winning the MEGA MILLIONS Jackpot: 1 in 176 million;

- the price for each bet

- the distribution of the revenue from those bets, in particular which percent goes to the jackpot;

- how the jackpot increased week after week until reaching the record of $390 million

... it should be peanuts for you to calculate what are the odds that the Jackpot c... [ More ]