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odds?

Topic closed. 19 replies. Last post 12 years ago by CASH Only.

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brownsville
United States
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April 26, 2005
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Posted: April 27, 2005, 4:48 pm - IP Logged

do yall think the odds are right? i bought 25$ worth of 5$ tickets and didnt get anything. can anyone relate.

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    illinois
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    April 20, 2005
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    Posted: April 27, 2005, 5:25 pm - IP Logged

    I did that here in Illinois a couple of weeks ago. like 30 dollars worth of $5.00 dollars tickets and didn't get anything and they all were the same game. so what is the odds of that happening  6 losers in a roll on a 5.00 tickets.

      johnph77's avatar - avatar
      CA
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      December 10, 2003
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      Posted: April 27, 2005, 5:44 pm - IP Logged

      Odds of NOT winning are dependent on the odds of winning. If the odds of getting a winning ticket are 1::5, then the odds of drawing a non-winning ticket are 4::5. Knowing this, the odds of drawing non-winning tickets with the purchase of more than one ticket can be computed thus:

      4^x::5^x

      where "^" indicates an exponent - the number of times a number is to be multiplied by itself - and "x" is the number of tickets purchased.

      Decimally, the odds of drawing a non-winning ticket are 1::1.25. The odds for multiple purchases are more or less easier to compute depending on how adept you are with decimals, as the formula here would be 1::1.25^x.

      Hope this helps.

      gl

      j

      Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

      Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

       =^.^=

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        Roslindale, MA
        United States
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        July 1, 2004
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        Posted: April 27, 2005, 6:54 pm - IP Logged

        It's not that uncommon - I've had as many as 13 losers in a row before (on a whim I once bought the last 15 tickets from a book of $1 tickets - 13 straight losers, then a $1 "winner" then another loser).



        And I did once buy 10 $5 tickets ($50) and got totally skunked (kids, don't try this at home ).

          Maverick's avatar - yinyang
          USA
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          Posted: May 6, 2005, 8:25 pm - IP Logged

          If a scratch ticket says "Overall odds of winning on this ticket are 1 in 3.70", does that mean if somebody buys 4 tickets of that game, that one of the tickets should pay back something?

            johnph77's avatar - avatar
            CA
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            Posted: May 7, 2005, 3:49 am - IP Logged

            Maverick -

            In a word, no. By buying 4 tickets you've placed yourself on the other end of the odds - in this case 1::0.85 - but that in and of itself will not guarantee you a winning ticket.

            gl

            j

            Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

            Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

             =^.^=

              DoctorEw220's avatar - alien helmet.jpg
              Yinzer Country, PA
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              Posted: May 7, 2005, 2:15 pm - IP Logged

              you know what you do after you get that many losers straight?  you buy the next one.  it's probably a big winner.

              I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

                Tnplayer805's avatar - G 14_v78828750_Small.JPG
                North Dakota
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                Posted: May 7, 2005, 2:34 pm - IP Logged

                I've bought $40 in $5 tickets.  Overall Odds 1:3.00.  Lost on all of them. 

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                  illinois
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                  Posted: May 7, 2005, 4:02 pm - IP Logged

                  A person came in the store where I work at and bought  $120.00 dollars worth of tickets. They all were 20.00 dollar tickets  and everyone of them were losers all on the same game. On which the overall odds on them are 1 in 2.75...

                    Maverick's avatar - yinyang
                    USA
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                    Posted: May 7, 2005, 6:08 pm - IP Logged


                    Maverick -

                    In a word, no. By buying 4 tickets you've placed yourself on the other end of the odds - in this case 1::0.85 - but that in and of itself will not guarantee you a winning ticket.

                    gl

                    j



                    Thanx for the reply. Do you know exactly what it means by "odds of winning being 1 : 3.70?"

                      Maverick's avatar - yinyang
                      USA
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                      Posted: May 7, 2005, 6:09 pm - IP Logged


                      A person came in the store where I work at and bought  $120.00 dollars worth of tickets. They all were 20.00 dollar tickets  and everyone of them were losers all on the same game. On which the overall odds on them are 1 in 2.75...



                      Wow, that disappointment must've lasted for months.

                        Tnplayer805's avatar - G 14_v78828750_Small.JPG
                        North Dakota
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                        Posted: May 7, 2005, 8:12 pm - IP Logged

                        Sounds like someone needs some help.  No way would I spend that much at once.  I learned my lesson when I lost $40. 


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                          Posted: May 8, 2005, 1:28 pm - IP Logged

                          I was lucky to win $100 on the $30 ticket...

                            johnph77's avatar - avatar
                            CA
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                            Posted: May 8, 2005, 5:05 pm - IP Logged

                            Maverick -

                            When it is said that odds of a winning ticket are 1::3.70, it simply indicates that out of every 37 tickets, 10 (on average) will be winners. For instance, in a game where 37 million tickets are produced, 10 million will be winners. And, if 10 million tickets are winners, then 27 million tickets will be losers. Doesn't tell you how much or what you'll wiin if you win, doesn't tell you what the payout percentage is, doesn't tell you where the tickets are distributed (either on the roll or by location), simply that there will be that many winning tickets. Only analysis of all the odds and winning amounts will allow you to calculate what can be determined by math.

                            gl

                            j

                            Blessed Saint Leibowitz, keep 'em dreamin' down there..... 

                            Next week's convention for Psychics and Prognosticators has been cancelled due to unforeseen circumstances.

                             =^.^=

                              Maverick's avatar - yinyang
                              USA
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                              Posted: May 8, 2005, 5:36 pm - IP Logged



                              Maverick -

                              When it is said that odds of a winning ticket are 1::3.70, it simply indicates that out of every 37 tickets, 10 (on average) will be winners. For instance, in a game where 37 million tickets are produced, 10 million will be winners. And, if 10 million tickets are winners, then 27 million tickets will be losers. Doesn't tell you how much or what you'll wiin if you win, doesn't tell you what the payout percentage is, doesn't tell you where the tickets are distributed (either on the roll or by location), simply that there will be that many winning tickets. Only analysis of all the odds and winning amounts will allow you to calculate what can be determined by math.

                              gl

                              j





                              Thank you much for that reply about the math johnph77. I appreciate it. I wish all states would tell it like that.

                              Just to be sure, when the odds are 1:4.58, does that mean out of every 45 tickets, 10 (on average) will be winners?