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Odds Don't Change When Jackpot Goes UP

Topic closed. 60 replies. Last post 10 years ago by Stack47.

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Kentucky
United States
Member #32652
February 14, 2006
7344 Posts
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Posted: December 11, 2006, 8:49 pm - IP Logged

Although I agree the odds don't change when the jackpot increases, I like what you wrote here.  I play whether the Florida Lotto is $3M or $20M, because I know I have very little chance of winning in either case!  However, as the jackpot rolls and rolls, it certainly makes sense that many people figure someone will eventually hit it.  I still think it's silly that some people only play when a jackpot is huge, but spending my money on a jackpot game is silly to begin with. So even though in the world of logic and mathematics both your statements aren't rational, in a way they both make a lot of sense. (although this post of mine probably doesn't!)

Just,    

 

    Lottery commissions made studies that say more people play when the jackpots are high so they look for ways to insure high jackpots. Ohio went to the multi-state Mega Millions for that reason and I saw where your Florida Lotto has 53 numbers. Are people waiting for the jackpot to grow or did they hear about the huge jackpot through clever advertising?

 

      When I vacationed in Florida, I had fun playing the $5 Grouper without knowing the odds or the payoffs.