The 80-20 Rule and the Lottery

Reply #11

msharkey2001 — Thu, 21 Mar 2013 01:53:29 GMT

Very interesting info Coin Toss. I've never heard of this, but pick my numbers using the same methodology. I make sure to include 1 number that has come up less often than the expected number of hits during the last 50 draws and they do from time to time come up.

Reply #10

LottoBoner — Wed, 20 Mar 2013 22:01:15 GMT

5 to 1 is 100 to 20, i think.

I dont know I just divided both side of the equation by 20

Reply #9

dr65 — Wed, 20 Mar 2013 21:13:16 GMT

80% of the 999 I want to see in the daily number tonight is 799.20

20% of that 999 is 199.80

799 and 199 - there's a twist.

Big 4 and Quinto..2 more twists.

Reply #8

realtorjim — Wed, 20 Mar 2013 19:43:06 GMT

Wouldn't that be a 5 to 1 rule

Reply #7

LottoBoner — Wed, 20 Mar 2013 19:02:20 GMT

Well gauging from your other post on the other thread, the other 20% would be erectile dysfunction medication

Reply #6

LottoBoner — Wed, 20 Mar 2013 19:00:25 GMT

I am not a mathematician worthy of great accolades, but I think

80/20 rule can be reduced to a 4 to 1 rule.

This might be a good guide for wheeling, so for every 4 numbers of say perhaps skip five or less you might choose say then one long skip.

(similar to what artist mentioned above

Reply #5

sully16 — Tue, 19 Mar 2013 21:50:43 GMT

80 persent of the country, lives off 20 percent of the work force.

Reply #4

Coin Toss — Tue, 19 Mar 2013 20:56:01 GMT

Yeah, I've seen it used in many examples, sully.

Things like:

Iin any sales force 20% of the sales people bring in 80% of the sales.

In an apartment complex with a pool 20% of the residents use the pool 80% of the time.

Reply #3

sully16 — Tue, 19 Mar 2013 00:04:33 GMT

This is interesting, I am sure we could find this everywhere.

Reply #2

SergeM — Mon, 18 Mar 2013 17:50:53 GMT

Pareto would have said, let me write you a prescription. 80% antidepressant, ... .

Reply #1

Artist77 — Sun, 17 Mar 2013 22:18:02 GMT

I thought it applied in terms of picking one long shot (out more than 10 or more drawings) in a group of 5.

The 80-20 Rule and the Lottery

Coin Toss — Sun, 17 Mar 2013 20:55:20 GMT

From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80 20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; h... [ More ]