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# odds?

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

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CA
United States
Member #2987
December 10, 2003
832 Posts
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 Posted: May 9, 2005, 12:11 am - IP Logged

Maverick -

Correct. Or, more precisely in this case, 100 of 458 tickets will be winners, with this ratio present throughout the game. What it doesn't do is make any promises - if you buy 458 tickets at random, you might have anywhere from zero to 458 winning tickets, but, on average, you'll have 100 winning tickets.

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.

=^.^=

Greenwich, CT
United States
Member #4793
May 24, 2004
1822 Posts
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 Posted: May 9, 2005, 12:33 am - IP Logged

Maverick -

Correct. Or, more precisely in this case, 100 of 458 tickets will be winners, with this ratio present throughout the game. What it doesn't do is make any promises - if you buy 458 tickets at random, you might have anywhere from zero to 458 winning tickets, but, on average, you'll have 100 winning tickets.

gl

j

The winners are randomly dispersed, right?

So you could do some math and figure that if you buy 458 tickets in that game you'll stand a 95% chance of having between 70 and 130 winning tickets for example? (Those are make believe stats, but you could do such an analysis, no?)

CA
United States
Member #2987
December 10, 2003
832 Posts
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 Posted: May 9, 2005, 3:02 am - IP Logged

JAG -

You're probably right - I haven't done an analysis on that or any other scratchoff game, and, without the ticket data indicating the number of tickets printed, payouts, etc., wouldn't even try. But, given the way the factors operate in such an analysis, you're more likely to draw 70 winners than 130. With the odds being as they are, for instance, you're more likely to draw zero winners than 458 simply because there are more non-winning tickets than winners, although either event isn't anything to bet the rent on.

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.

=^.^=

illinois
United States
Member #14083
April 20, 2005
30 Posts
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 Posted: May 9, 2005, 7:11 am - 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.

It has only 4 days since that happen now.

United States
Member #379
June 5, 2002
11296 Posts
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 Posted: May 19, 2005, 9:52 am - IP Logged

if that happened to me.

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