Why does placing a large number of bets not guarantee the big prize of a lottery?

Reply #36

Stack47 — Tue, 29 Jun 2021 20:21:50 GMT

In 1992 an Australian syndicate bought almost all of the 7.1 million combinations and successfully won a $27 million Virginia Lotto jackpot. They paid several store owners to print the tickets but still only managed to get 5 million or 70% of all the tickets. Thought prepared to wager $7.1 million, basically they wagered $5 million to collect $1 million a year in 20 yearly installments.

But lets say I did have $43.2 million and decided to play, how long would it take me to correctly fill out... [ More ]

Reply #35

Speler — Sun, 27 Jun 2021 14:25:36 GMT

Stop nagging.

Reply #34

Stat$talker — Sun, 27 Jun 2021 13:11:47 GMT

It doesn't matter how LARGE any particular bet is...if you don't have the RIGHT numbers?..waging as much even as a $10,000 bet will only win you Frustration .. (the Actual LOWEST Prize tier )...regardless to whatever wheel you may use,..for any wheel is only as good as the numberz placed in it..

Reply #33

RickHunter — Sun, 27 Jun 2021 10:16:59 GMT

No b.s but this is something going for decades specially in states like FL. The Florida state don't care about this hacking their network machines issues as long they get more tickets bought by customers.

Reply #32

Stat$talker — Sat, 26 Jun 2021 19:17:23 GMT

..I saw that....

Reply #31

rcbbuckeye — Sat, 26 Jun 2021 19:07:45 GMT

LOL.

You must be Statstalker's twin.

Reply #30

RickHunter — Sat, 26 Jun 2021 18:43:47 GMT

you have to buy the tickets 5 to 10 minutes before closing whatever game you playing, this wont give enough time the retail cashier will send your playing numbers to the sindicate collector to replicate your numbers making you a loser. if your number combination is in the less replicate list will make you a winner but if theres insiders as there always are they will replicate buying your numbers and the computer will generate that number as a loser while the other know the less number replicatio... [ More ]

Reply #29

Speler — Sat, 26 Jun 2021 18:14:59 GMT

Dumb luck! Dumb luck

Reply #28

GiveFive — Fri, 25 Jun 2021 14:06:48 GMT

It's all luck

I think it's mostly luck with some skill mixed in too. If a player is skilled enough to know what to look for in the numbers, then it becomes slightly easier to win. But even with knowing what to look for, and playing the numbers your skills tell you to play, you're still gonna need a healthy dose of of good luck. G5

Reply #27

Speler — Fri, 25 Jun 2021 14:04:32 GMT

If I develop precision I do not get this:

root(2,2)^2

=1.99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999990096588757879550649304399312470016809150719937059752563434713223747479711196309939581844376132938529

Not rounded.

The root could already be positive or negative. (...

Reply #26

Speler — Fri, 25 Jun 2021 13:34:32 GMT

I cannot post 20000! That is to big for lotterpost.

perm(20000,20000)

=1819206320230345134827641756866458766071609901478752 ... 0

perm(50000,50000)

=3347320509597144836915476094071486477912 ... 0

...

pi(25000)

=3.14159265358979323846264338 ...

I cannot test or compare pi. At some moment the machine started to work better.

combin(1000,500)

=2702882409454365695156146936259752754961520084465482870073928751066254287055221938986124839245023701653626060850215461048022097... [ More ]

Reply #25

chris632 — Fri, 25 Jun 2021 08:46:02 GMT

I'd rather put extra money on Cash3 or Play4 and actually have a chance to win. With jackpot games you only need one ticket---------if it's your turn to win you will win--------it's all luck.

Good Luck, Chris

Reply #24

Stat$talker — Fri, 25 Jun 2021 07:20:59 GMT

..or something on the outside WITH insider information...!! Probability Math...!! a NaTuRaL detective...

Reply #23

BobP — Fri, 25 Jun 2021 05:43:45 GMT

https://coolconversion.com/math/factorial/What-is-the-factorial-of_10000_%3F

BobP

Reply #22

Pick3master3838 — Fri, 25 Jun 2021 00:25:22 GMT

It's not that hard. The lottery, depending on which one, has odds of winning. If you're dealing with a lottery of about let's say 23 million to 1 here in Florida, you'd need some inside information to win the JP.

As far as spending a bunch of money, you'll never come close to cover the cost....lol

At some point, the cost versus profit issue would arise eventually...lol

Reply #21

Karen Nathan — Thu, 24 Jun 2021 18:07:55 GMT

To the OP. I won $120 on a Winning Pick 3 Number that I chose 3 times. I decided to go buy like 20 Lotto Tickets with EZ Match, Double Play, and Multiplier. $4 a ticket for $80. I remembered thinking, There is no way I'm going to lose with 20 $4 Lotto tickets. LMAO! :D I watched in Horror as NONE of the Lotto Tickets won. $80 waste on what should have been at LEAST one Guaranteed Winner

Reply #20

GiveFive — Thu, 24 Jun 2021 13:51:04 GMT

You'll still need 21,612,525 tickets at a cost of $43,225,050

And then there's the practical side of it all...

If I already had $43.2 million I probably wouldn't be playing the lottery very much. But lets say I did have $43.2 million and decided to play, how long would it take me to correctly fill out 21.6 million bet slips, and who in the world would be willing to stand in front of a lottery terminal long enough to run them all? IMHO it's physically impossible for two people to do all of... [ More ]

Reply #19

Speler — Thu, 24 Jun 2021 12:33:34 GMT

Once that you get anything like near to winning they will create a new game. If they want more money and you didn't win a nail they also will do that.

Let's create a game with factorial(10000) outcomes. Winner gets all!

perm(10000,10000)=284625968091705451890641321211986889014805140170279923079417999427441134000376444377299078675778477581588406214231752883004233994015351873905242116138271617481982419982759241828925978789812425312059465996259867065601615720360323979263287367170557419759620... [ More ]

Reply #18

Speler — Thu, 24 Jun 2021 12:03:34 GMT

If you bet pick 6 with around 18 numbers, and 5+1 of 6+1 are in it, the denser wheel will have the better payback ratio. Any error with a filter will lead to no or a small payback. That means that a good bet does better with more combinations bought. Richer poker players last longer.

With bad payouts in the lower ranks only the richer player will survive with good bets.

The same way, you will save money if you buy that flat instead of renting in. For that you already must have money.

Reply #17

BobP — Thu, 24 Jun 2021 05:41:03 GMT

Only a full wheel playing all the numbers can guarantee a jackpot.

A full wheel playing all the numbers will contain exactly the same combinations as there are in the game.

Conditional wheels will guarantee a jackpot with fewer combinations when and only when all its conditions are met.

BobP

Reply #16

Stat$talker — Wed, 23 Jun 2021 16:28:36 GMT

....I Saw that...

Reply #15

JeetKuneDoLotto — Wed, 23 Jun 2021 12:54:28 GMT

Thats a good point JPIM.

However would you not agree that his first obstacle to winning is his inablity to define what a large number of bets is?

For me a large bet is 10 lines. I routinely play 1 line for a multi draw of 7 days. = $7

An exorbitant bet for me is 40 lines. (I have only gone to this extreme perhaps twice, the most recent time being about say 8 years ago.)

A bet of 40 lines in Mega Game is 40x$2= 80 bucks. More than I would l generally like to risk in one week.

I wou... [ More ]

Reply #14

dr san — Wed, 23 Jun 2021 12:11:34 GMT

ok, Stack47 we have the central band of the gauss curve to reduce the bet of the possible universe of the studied lottery, or if we stick to the central band several draws

Reply #13

Stack47 — Wed, 23 Jun 2021 02:12:46 GMT

guarantee the big prize

Because most LP members have the option to play Mega Millions and Powerball, let's look at how many combination are necessary and how much it costs to guarantee the big prize .

With 302 million and 292 million possible outcomes respectively, it might be logistically impossible to play even 10% of all the combination. And at a cost to play at around $600 million, after taxes you'll need to win the largest ($983.5 million) cash value jackpot just to break about even.... [ More ]

Reply #12

GiveFive — Tue, 22 Jun 2021 14:10:05 GMT

I've won more frequently when I've used a wheel than I have with any other method of play. Wheels cant and wont guarantee a win, but players will win more often by wheeling a set of numbers than they will by playing quick picks, or their own personal set of numbers etc. G5

Reply #11

Stat$talker — Tue, 22 Jun 2021 13:32:50 GMT

LCSF

Reply #10

Stat$talker — Tue, 22 Jun 2021 13:31:08 GMT

...Parables are intended to make short sense..!!.not looong confusion..

Reply #9

jackpotismine — Tue, 22 Jun 2021 13:11:17 GMT

In the end you must have the right numbers whether you play 1 line or a 1,000 lines. Definitely playing more numbers gives you an advantage. With more numbers you can 'trap' a winner.

Reply #8

Speler — Tue, 22 Jun 2021 12:47:02 GMT

It takes the right combination in your set of paid lines. If you were not on time for buying your ticket(s), you were to late. It does not matter if you play wheels or filters or quickpicks or handpicks.

Reply #7

dr san — Tue, 22 Jun 2021 12:44:49 GMT

ok jack ! corret

Reply #6

jackpotismine — Tue, 22 Jun 2021 12:35:11 GMT

Placing a large number of bets only increase your odds of winning. Depending on how you play, you are more likely to win

something. What strategy you use is also important. Using 'wheels' is a good start.

Reply #5

Speler — Tue, 22 Jun 2021 12:33:54 GMT

You best start paying off a house at age 20 instead of being broke paying rent your entire lifetime. That's a jackpot.

You die and let the house to your children. They will get a house for a fraction of its value. That's a jackpot.

...

Reply #4

Raven62 — Tue, 22 Jun 2021 12:29:51 GMT

Playing and Winning the lottery is a get-rich-quick scheme that is statistically futile, it focuses the lottery player on the temporary riches of this world rather than eternal life in the next

Reply #3

Speler — Tue, 22 Jun 2021 12:24:35 GMT

There was this old Gepetto. He played the same numbers for every drawing during his life. He never won any price over 100 Lire. He died and passed the numbers to his son Pinocchio.

Reply #2

Speler — Tue, 22 Jun 2021 12:18:21 GMT

There is this book, fooled by randomness, and there isn't this book, fooled by statistics.

Reply #1

MsBee18 — Tue, 22 Jun 2021 12:07:32 GMT

I learned the more you buy the more you lose.

Why does placing a large number of bets not guarantee the big prize of a lottery?

dr san — Tue, 22 Jun 2021 11:42:32 GMT

Why does placing a large number of bets not guarantee the big prize of a lottery