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% of Lottery Players That Make a Profit

Topic closed. 19 replies. Last post 10 years ago by WSN1.

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

0% [ 2 ]  [6.90%]
1% [ 10 ]  [34.48%]
3% [ 5 ]  [17.24%]
5% [ 2 ]  [6.90%]
7% [ 0 ]  [0.00%]
10% [ 6 ]  [20.69%]
15% [ 0 ]  [0.00%]
20% [ 1 ]  [3.45%]
25% [ 2 ]  [6.90%]
30% or more [ 1 ]  [3.45%]
Total Valid Votes [ 29 ]  
Discarded Votes [ 0 ]  
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Anywhere & Everywhere
United States
Member #10713
January 23, 2005
290 Posts
Offline
Posted: February 17, 2007, 4:15 pm - IP Logged

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's avatar - alas
    South Carolina
    United States
    Member #6
    November 4, 2001
    8794 Posts
    Online
    Posted: February 17, 2007, 4:26 pm - IP Logged

    01%

    based on prediction page stats

    Type

      Avatar
      Anywhere & Everywhere
      United States
      Member #10713
      January 23, 2005
      290 Posts
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      Posted: February 17, 2007, 5:03 pm - IP Logged

      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's avatar - shape barbed.jpg
        Zeta Reticuli Star System
        United States
        Member #30470
        January 17, 2006
        10388 Posts
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        Posted: February 17, 2007, 7:28 pm - IP Logged

        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.

        Lep

        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.

          Avatar
          Anywhere & Everywhere
          United States
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          January 23, 2005
          290 Posts
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          Posted: February 17, 2007, 7:56 pm - IP Logged

          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's avatar - shape barbed.jpg
            Zeta Reticuli Star System
            United States
            Member #30470
            January 17, 2006
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            Posted: February 17, 2007, 11:52 pm - IP Logged

            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.

            Lep

            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's avatar - animal butterfly.jpg
              missouri
              United States
              Member #34763
              March 7, 2006
              756 Posts
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              Posted: February 18, 2007, 12:29 am - IP Logged

              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 I Agree!

                justxploring's avatar - villiarna
                Wandering Aimlessly
                United States
                Member #25360
                November 5, 2005
                4461 Posts
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                Posted: February 18, 2007, 8:58 am - IP Logged

                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.  

                  Avatar
                  Anywhere & Everywhere
                  United States
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                  January 23, 2005
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                  Posted: February 18, 2007, 1:24 pm - IP Logged

                  Coin Toss, you a have a great sense of humor

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
                    United States
                    Member #30470
                    January 17, 2006
                    10388 Posts
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                    Posted: February 18, 2007, 1:45 pm - IP Logged

                    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.

                     What?

                    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                    Lep

                    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's avatar - villiarna
                      Wandering Aimlessly
                      United States
                      Member #25360
                      November 5, 2005
                      4461 Posts
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                      Posted: February 18, 2007, 2:15 pm - IP Logged

                      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.

                       What?

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

                        hypersoniq's avatar - 8ball
                        Pennsylvania
                        United States
                        Member #1340
                        April 6, 2003
                        2450 Posts
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                        Posted: February 18, 2007, 3:08 pm - IP Logged

                        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).

                        Playing more than one ticket per game is betting against yourself.

                          RJOh's avatar - chipmunk
                          mid-Ohio
                          United States
                          Member #9
                          March 24, 2001
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                          Posted: February 18, 2007, 3:18 pm - IP Logged

                          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 more tickets, just buy a winning ticket * 
                             
                                       Evil Looking       

                            Avatar
                            Anywhere & Everywhere
                            United States
                            Member #10713
                            January 23, 2005
                            290 Posts
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                            Posted: February 18, 2007, 3:28 pm - IP Logged

                            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

                              Avatar
                              Anywhere & Everywhere
                              United States
                              Member #10713
                              January 23, 2005
                              290 Posts
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                              Posted: February 18, 2007, 3:30 pm - IP Logged

                              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