The Difference between Chances / Probability and Odds

Reply #14

Raven62 — Sun, 24 Jan 2010 15:49:29 GMT

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

Reply #13

jrosina — Sun, 24 Jan 2010 15:34:56 GMT

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

Reply #12

jrosina — Sun, 24 Jan 2010 15:32:25 GMT

Ca-Dreaming, I loves your thought yes indeed

Reply #11

rdgrnr — Sun, 24 Jan 2010 15:32:21 GMT

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.

Reply #10

ca-dreamin* — Sun, 24 Jan 2010 15:15:07 GMT

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

Reply #9

jrosina — Sun, 24 Jan 2010 14:11:48 GMT

Yep

Reply #8

jrosina — Sun, 24 Jan 2010 07:00:07 GMT

Compleatly in agreement

Reply #7

joker17 — Sun, 24 Jan 2010 05:22:33 GMT

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

Reply #6

RJOh — Sun, 24 Jan 2010 05:07:14 GMT

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

Reply #5

jrosina — Sun, 24 Jan 2010 04:55:16 GMT

Odds are if you Take The Chance You Probably Would

Reply #4

four4me — Sun, 24 Jan 2010 04:38:51 GMT

Chances are you Probably won't beat the Odds.

Reply #3

badboy00z — Sun, 24 Jan 2010 04:31:28 GMT

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

Reply #2

jrosina — Sun, 24 Jan 2010 03:49:56 GMT

But it sure helps with false expectations; Yes

Reply #1

RJOh — Sun, 24 Jan 2010 03:11:16 GMT

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.

The Difference between Chances / Probability and Odds

jrosina — Sun, 24 Jan 2010 02:47:30 GMT

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