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Make your own luck with Lotto

Topic closed. 2 replies. Last post 10 years ago by BobP.

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Australia
Member #17096
June 11, 2005
225 Posts
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Posted: December 27, 2006, 3:31 am - IP Logged

As Australia suffers through a post-Christmas financial hangover, Lotto services have pooled their money to create the biggest draw in Australia`s history — $33 million.

Saturday Gold Lotto`s $33 million Mega Draw on December 30 has drawn hordes of would-be millionaires to newsagents across the country.

The employees at Peter Kennedy`s two newsagencies, which have sold eight first-division prizes between them, say they have been run off their feet in preparation for the draw.

"When you`ve got a chance to be part of $33 million, people jump at (it)," Peter says.

"Lines out the door, up to the back of the store — it`s crazy."

While your chances of taking home the whole kitty aren`t good, there are ways you can bolster your chances of winning.

Statistics professor Stephen Clarke, from Swinburne University, calculates the odds of winning Lotto`s first-division prize at one in eight million.

"The average Australian, even if they buy their ticket a couple of hours before the draw is made, they`ve got more chance of dying before the draw is made than they have of actually winning the first prize," Dr Clarke says.

But you do have a much better chance of scooping some of the pool and there are ways you can increase your chances of winning more money.

The professor`s top three tips for increasing your winnings are:

1. Keep away from group syndicates — that way, if you do win, you don`t have to split the prize.

2. Don`t go for expensive system entries. You get more numbers, but the odds aren`t very much greater.

3. Don`t choose popular numbers such as birthdays and anniversaries. Again, this will ensure there are fewer people to share the winnings with.

http://aca.ninemsn.com.au/article.aspx?id=174180

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    iowa
    United States
    Member #32899
    February 16, 2006
    46 Posts
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    Posted: December 27, 2006, 11:01 pm - IP Logged

    You have a better chance of dying on the way to buy the ticket, have a better chance of being hit by lightning, blah blah blah. How come we never read about all these people getting laid out by bolts of lightning outside the mega-mart.

    (Save the statistical explanations, I was just being a smart-ass.) 

      BobP's avatar - bobp avatar.png
      Dump Water Florida
      United States
      Member #380
      June 5, 2002
      3106 Posts
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      Posted: December 28, 2006, 1:43 am - IP Logged

      The Aussie games would be ideal if only they had a 3# prize.  They only pay on 3+bonus or 4 and up so there is no winning feed back action to the player to encourage playing again.  With most of the games being only 45 balls plus 2 bonus balls I can see why they wouldn't offer a five or ten dollar prize for three numbers, but one or two dollars reward would be nice. 

      BobP