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Kindly Critiquing the Mathematically Challenged

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jordi marey's avatar - Lottery-039.jpg

United States
Member #17354
June 17, 2005
102 Posts
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Posted: March 18, 2007, 11:23 am - IP Logged

Purchasing 15 Pick 3 tickets for tonight's drawing, could net a loss of  $15.00 on a single attempt. There is always a slim to fair chance of winning or grossing $500. With a minimal loss of only the 15.00 investment.

How often is this expected to happen, and it also is likely to place this 15.00 bet the day before and after that expected win day. Now the loss on ‘straight’ bets are up to $45. Now that win is down to $455.

How about boxing that expected win. Oops.  Definite win but could be with negative winning$$$

Just a thought,

from One who is definitely Math Challenged

.....