% of Lottery Players That Make a ProfitPrev Topic Next Topic

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What % of Lottery Players Make a Profit Every Year Playing Online or Offline?

[ 2 ]

[ 6.9% ]

[ 10 ]

[ 34.5% ]

[ 5 ]

[ 17.2% ]

[ 2 ]

[ 6.9% ]

[ 0 ]

[ 0.0% ]

10%

[ 6 ]

[ 20.7% ]

15%

[ 0 ]

[ 0.0% ]

20%

[ 1 ]

[ 3.5% ]

25%

[ 2 ]

[ 6.9% ]

30% or more

[ 1 ]

[ 3.5% ]

Total valid votes

[ 29 ]

Discarded votes

[ 0 ]

WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 17, 2007, 4:15 pm

What Percent of Lottery Players do you think makes a profit playing this game, be it online, offline or combination of both. Be it a casual or serious player. Whether is it a year end profit of $1, $1,000, $10,000, $100,000 or more each year, and what is your rationale for your decision?
dK
JAP69

South Carolina
United States
Member #6
November 4, 2001
8,966 Posts
Offline

Feb 17, 2007, 4:26 pm

01%
based on prediction page stats

Numbers are where you find them.
WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 17, 2007, 5:03 pm

Hmmm, interesting. My hunch has always been 3-5%, I think some people dont like to broadcast it and some that do may down play it a bit either way, for a significant profit. However, a min to a max profit, it could be a little more, like 10-15%. Any other thoughts!
dK
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,788 Posts
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Feb 17, 2007, 7:28 pm

My vote was 1%, which is a guess.
I don't know the exact number, but I will say that it's very likely that there are a lot less people that make a profit at loto than the number of people who claim to make a profit.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 17, 2007, 7:56 pm

Quote: Originally posted by Coin Toss on Feb 17, 2007
My vote was 1%, which is a guess.
I don't know the exact number, but I will say that it's very likely that there are a lot less people that make a profit at loto than the number of people who claim to make a profit.

Now that's an interesting point, someone told of a study they did in college that states that typically a person will exaggerate success by 20-25%
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,788 Posts
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Feb 17, 2007, 11:52 pm

WSN1
I don't doubt that and I'd go as far to say that when it comes to gamblers and gambling it's even more exaggerated.
In a casino, at a race track:
How you doing?
I'm just about even - translation, I'm down $50 to $250
and on it goes....

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
kayee

missouri
United States
Member #34,762
March 7, 2006
756 Posts
Offline

Feb 18, 2007, 12:29 am

Quote: Originally posted by Coin Toss on Feb 17, 2007
WSN1
I don't doubt that and I'd go as far to say that when it comes to gamblers and gambling it's even more exaggerated.
In a casino, at a race track:
How you doing?
I'm just about even - translation, I'm down $50 to $250
and on it goes....

lol
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
Offline

Feb 18, 2007, 8:58 am

I guessed 1% before I even read the other posts. I wanted to check 3% (trying to be a little more optimistic!) but I see lots of people sitting on the benches outside of the markets scratching their tickets, and then they scratch their heads in frustration. Rarely do I see someone walking away with a wad of cash, although I have seen winners at the counter. Last week a woman handed a lottery ticket to a clerk and got $75. That's happened to me too, but only 3 times in over 12 years! So when I see a winner, I don't know how much he spent getting there.
I also think many people (including me) will treat a winning ticket like coins in a slot machine. You know how people get excited when the quarters come flying out and they plug them back in, hoping to win more? Wed I won $6.50 so when I went to buy my 4 regular numbers Sat night, I just gave the clerk 50 cents and bought 7.
WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 18, 2007, 1:24 pm

Coin Toss, you a have a great sense of humor
Coin Toss

Zeta Reticuli Star System
United States
Member #30,469
January 17, 2006
11,788 Posts
Offline

Feb 18, 2007, 1:45 pm

Thanks WSN1!
Justxploring
"I also think many people (including me) will treat a winning ticket like coins in a slot machine. You know how people get excited when the quarters come flying out and they plug them back in, hoping to win more?"
Doesn't it make you wonder when someone puts $1.25 in quarters or $5 in dollars in a video poker machine, gets a pair of jacks, and shouts, "I won! I won!" - as they get credited exactly what they just put in.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
Offline

Feb 18, 2007, 2:15 pm

Quote: Originally posted by Coin Toss on Feb 18, 2007
Thanks WSN1!
Justxploring
"I also think many people (including me) will treat a winning ticket like coins in a slot machine. You know how people get excited when the quarters come flying out and they plug them back in, hoping to win more?"
Doesn't it make you wonder when someone puts $1.25 in quarters or $5 in dollars in a video poker machine, gets a pair of jacks, and shouts, "I won! I won!" - as they get credited exactly what they just put in.

Not really. I've gotten excited when my money shoots out of an ATM !
hypersoniq

Pennsylvania
United States
Member #1,340
April 6, 2003
2,581 Posts
Offline

Feb 18, 2007, 3:08 pm

I have backtested enough pick3 and pick4 systems to know that NO system could show a profit for any length of time against PA's venerable collection of evening data. not even v-tracs.
I voted 0%
I prefer longshot games, if I ever match 4+1 on PB I get back over 2x what I spent on all lottery games my entire life up to this point (20 of my 38 years).

Have an EXCELlent day!
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Feb 18, 2007, 3:18 pm

It's doubtful if any player comes out ahead in any lottery game unless he wins the jackpot and if he's playing the pick3 games then that is doubtful too. He might come out ahead winning second prize in the PowerBall or MegaMillions games but less than 1% of the players win those prizes.

* you don't need to buy every combination, just the winning ones *
WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 18, 2007, 3:28 pm

Quote: Originally posted by justxploring on Feb 18, 2007
I guessed 1% before I even read the other posts. I wanted to check 3% (trying to be a little more optimistic!) but I see lots of people sitting on the benches outside of the markets scratching their tickets, and then they scratch their heads in frustration. Rarely do I see someone walking away with a wad of cash, although I have seen winners at the counter. Last week a woman handed a lottery ticket to a clerk and got $75. That's happened to me too, but only 3 times in over 12 years! So when I see a winner, I don't know how much he spent getting there.
I also think many people (including me) will treat a winning ticket like coins in a slot machine. You know how people get excited when the quarters come flying out and they plug them back in, hoping to win more? Wed I won $6.50 so when I went to buy my 4 regular numbers Sat night, I just gave the clerk 50 cents and bought 7.

Justxploring, 3% was my actual vote, I will keep a mental record that one of those 1% votes was a vote for 3%. You have just joined the 3% club.
dK
WSN1

Anywhere & Everywhere
United States
Member #10,713
January 23, 2005
290 Posts
Offline

Feb 18, 2007, 3:30 pm

Quote: Originally posted by justxploring on Feb 18, 2007
Not really. I've gotten excited when my money shoots out of an ATM !

Funny!....I get excited when my remaining balance after I get cash out is still in the positive...lol

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