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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 ]  
Avatar
Anywhere & Everywhere
United States
Member #10713
January 23, 2005
290 Posts
Offline
Posted: February 18, 2007, 4:37 pm - IP Logged

Hypersoniq & Rjoh, I will have to agree to disagree on this for sure.....Each game type have something in common. It a game of numbers with odds, you can win at each and be profitable. They all have advantages and disadvantages. It only about perspective that gives your potential for success in either game. 38 years is a long time to wait for that one win that will put you over the top, when tomorrow is not promised to any of us. You got to play the odds to be successful in any game, you will never beat it. Rereading both post...I think im more in disagreement with Hypersoniq on this matter. Rjoh your view is a little gray for me, probably because we are both basis on opposite games P3 vs...P6 & P6PBs......It's cool, though!

    guesser's avatar - Lottery-017.jpg

    United States
    Member #41383
    June 16, 2006
    1969 Posts
    Offline
    Posted: February 18, 2007, 5:05 pm - IP Logged

    You need a choice like this:

    'Greater than zero and less than one percent'.

    Because I have seen folks win $100 a couple of times, and these guys buy a ticket about once a month.

    I go to a Casino about once every two years just to see what's new, and the last three times I have gone I have spent $10 and won $100, so overall, I am a 'winner' in Casino games. I win - I spend about $10 more, and I LEAVE.  I have been to the Casinos maybe 8 times total in my life.

    Oh - Cripple Creek Colorado - I went in with $40, spent $17 of it, then won about $550 total, spent maybe $10 more, AND LEFT.

    Yes, overall, in Casino games, I'm far far ahead, but in the Lottery, I'm far behind.

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
      Member #9
      March 24, 2001
      19831 Posts
      Offline
      Posted: February 18, 2007, 6:56 pm - IP Logged

      Hypersoniq & Rjoh, I will have to agree to disagree on this for sure.....Each game type have something in common. It a game of numbers with odds, you can win at each and be profitable. They all have advantages and disadvantages. It only about perspective that gives your potential for success in either game. 38 years is a long time to wait for that one win that will put you over the top, when tomorrow is not promised to any of us. You got to play the odds to be successful in any game, you will never beat it. Rereading both post...I think im more in disagreement with Hypersoniq on this matter. Rjoh your view is a little gray for me, probably because we are both basis on opposite games P3 vs...P6 & P6PBs......It's cool, though!

      I just look at the annual reports for a few lotteries and they usually show the amount of sales and the amount paid out in prizes.  They usually show for every $1 in sales 40¢ to 60¢ was paid out in prizes in all the lotteries, from P3 on up.  Either every player got ~ 50¢ back for every $1 spent or for every player that won $100 there were 199 players who got nothing.  It gets even worst when you try to figure the number of losers it takes to pay out a million dollar jackpot.

       * 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
        Offline
        Posted: February 18, 2007, 7:53 pm - IP Logged

        Good info Rjoh!, in P3 50cents for every $1 spent is the odds factor stacked against anyone who places the game and the payout is out is 500 for a $1 bet with 1000 #s.... If the payout is 600 for a exact hit, then it would be 60cents for every $1, now it is probable on a given day that a $100 winner is equivalent to 199 players who got nothing.

          Avatar
          Anywhere & Everywhere
          United States
          Member #10713
          January 23, 2005
          290 Posts
          Offline
          Posted: February 18, 2007, 7:54 pm - IP Logged

          Thanks for your feedback on this poll guesser.