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50/50 Odds

Topic closed. 13 replies. Last post 10 years ago by Coin Toss.

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MissNYC's avatar - diva
Westchester, New York
United States
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January 27, 2007
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Posted: May 25, 2007, 2:59 pm - IP Logged

I've always seen the lotto as having two possibilities, you either win, or you don't.

"If you just keep believing, that dream that you wish will come true"

Bed

 

    RJOh's avatar - chipmunk
    mid-Ohio
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    March 24, 2001
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    Posted: May 25, 2007, 3:13 pm - IP Logged

    I've always seen the lotto as having two possibilities, you either win, or you don't.

    Most lotteries odds of winning something are 1:40-200 so there are many possibly outcomes you either win or you lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, lose, ...................................................................................................................

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      JADELottery's avatar - Inky Move-01.gif
      The Quantum Master
      West Concord, MN
      United States
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      Posted: May 25, 2007, 4:56 pm - IP Logged

      I've always seen the lotto as having two possibilities, you either win, or you don't.

      This is a false perception. Typically, this is common among those who don't understand Probability and Statistics; anything beyond plus and minus is outside their comprehension, so they simplify it to some value like 50/50 or even something like 9 times out of 10. The words for describing people like this are Ignorant, Uneducated, Simpleton, etc. The only way to remove those labels is to educate yourself. It's simple and it's right in front of you; you just used it to get here. Now use it to research Probability and Statistics by looking for websites, books, or places to get professional instruction in your local area on those subjects. This same website you are at has a wealth of information if you know where to look.

      Presented 'AS IS' and for Entertainment Purposes Only.
      Any gain or loss is your responsibility.
      Use at your own risk.

      Order is a Subset of Chaos
      Knowledge is Beyond Belief
      Wisdom is Not Censored
      Douglas Paul Smallish
      Jehocifer

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        joplin
        United States
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        Posted: May 25, 2007, 11:26 pm - IP Logged

        Just a little hard on her, huh?  Adjectives such as ingnorant, uneducated, simpleton, are really uncalled for, no need to bite her head off.  You knew exactly what she meant.  And in the end, no matter what the game is, there are just two possiblities, win or lose.  Be nice and maybe more people would Post in this area.

          JADELottery's avatar - Inky Move-01.gif
          The Quantum Master
          West Concord, MN
          United States
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          Posted: May 26, 2007, 3:09 am - IP Logged

          Just a little hard on her, huh?  Adjectives such as ingnorant, uneducated, simpleton, are really uncalled for, no need to bite her head off.  You knew exactly what she meant.  And in the end, no matter what the game is, there are just two possiblities, win or lose.  Be nice and maybe more people would Post in this area.

          You can stuff it back up your anal cavity from whence it came. Too tuff to deal with little human? Too bad.

          Presented 'AS IS' and for Entertainment Purposes Only.
          Any gain or loss is your responsibility.
          Use at your own risk.

          Order is a Subset of Chaos
          Knowledge is Beyond Belief
          Wisdom is Not Censored
          Douglas Paul Smallish
          Jehocifer

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            joplin
            United States
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            August 17, 2006
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            Posted: May 26, 2007, 11:53 am - IP Logged

            You can stuff it back up your anal cavity from whence it came. Too tuff to deal with little human? Too bad.

            You must be having a bad day, sorry about that!!!

              JADELottery's avatar - Inky Move-01.gif
              The Quantum Master
              West Concord, MN
              United States
              Member #21
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              Posted: May 26, 2007, 1:04 pm - IP Logged

              You must be having a bad day, sorry about that!!!

              Every day. Big Smile

              Presented 'AS IS' and for Entertainment Purposes Only.
              Any gain or loss is your responsibility.
              Use at your own risk.

              Order is a Subset of Chaos
              Knowledge is Beyond Belief
              Wisdom is Not Censored
              Douglas Paul Smallish
              Jehocifer

                psykomo's avatar - animal shark.jpg

                United States
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                Posted: May 26, 2007, 4:14 pm - IP Logged

                Every day. Big Smile

                number's numb the mind...................Thinking of...

                stast's  just drive  "YOU"............. CRAZzzzzzeee

                LeavingROFLLeavingBang HeadLeavingBat           Puke

                LOL

                PSYKOMO

                  JADELottery's avatar - Inky Move-01.gif
                  The Quantum Master
                  West Concord, MN
                  United States
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                  Posted: May 26, 2007, 4:30 pm - IP Logged

                  number's numb the mind...................Thinking of...

                  stast's  just drive  "YOU"............. CRAZzzzzzeee

                  LeavingROFLLeavingBang HeadLeavingBat           Puke

                  LOL

                  PSYKOMO

                  Oh, I'm definitely out there.

                  However, be careful, I can jerk logic and psychology into a paradoxical Mobius knot.

                  Red Eyes

                  Presented 'AS IS' and for Entertainment Purposes Only.
                  Any gain or loss is your responsibility.
                  Use at your own risk.

                  Order is a Subset of Chaos
                  Knowledge is Beyond Belief
                  Wisdom is Not Censored
                  Douglas Paul Smallish
                  Jehocifer

                    psykomo's avatar - animal shark.jpg

                    United States
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                    May 30, 2004
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                    Posted: May 26, 2007, 4:35 pm - IP Logged

                    number's numb the mind...................Thinking of...

                    stast's  just drive  "YOU"............. CRAZzzzzzeee

                    LeavingROFLLeavingBang HeadLeavingBat           Puke

                    LOL

                    PSYKOMO

                    >>>>>>>>     WARNING  <<<<<<<<

                    Bat          DON"T STARE INTO THIS POST            Bat

                    ..................        JACKPOT  $##'sss may start        ..................

                    "DANCING" before your own beady little eyes$

                    LOL

                    PSYKOMO

                      MillionsWanted's avatar - 24Qa6LT

                      Norway
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                      December 10, 2004
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                      Posted: May 27, 2007, 10:16 am - IP Logged

                      If the odds are 1: 200, the real chances are more like 1 chance of winning something,  199 chances of losing.

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                        02119
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                        Posted: June 7, 2007, 2:44 pm - IP Logged

                        The perfect example of 50/50 odds is the coin toss.  Either heads or tails or 1/2.  However, the perspective is right because there are only two possiblities.  They are winning or losing.  A or B.  However, there is a much better chance of losing than winning.  Placing a bet is not a rational choice because keeping your money will ensure that you have it. 

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                          Eugene
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                          Posted: June 8, 2007, 8:28 pm - IP Logged

                          Spare the unqualified contempt & the banal, faux-intellectualism.  Those that are truly intelligent know that it is their obligation to help those that are less educated. Not to pontificate from a rock of arrogance. The anal cavity remark & suggestive violence certainly provides us with a clear picture of your sexuality Doug...Or lack thereof.

                          Rock & Roll Ain't Noise Pollution

                            Coin Toss's avatar - shape barbed.jpg
                            Zeta Reticuli Star System
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                            January 17, 2006
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                            Posted: June 25, 2007, 12:45 pm - IP Logged

                            I've always seen the lotto as having two possibilities, you either win, or you don't.

                            MissNYC

                            That could also be said like this:

                            You either win or the house does the house does the house does the house does the house dcoes the house does the house does the house does the house does the house does the house does the house does the house does the house does the house does, ad nauseam...

                            (the house in this case being the lottery) 

                            Ronyar

                            "The perfect example of 50/50 odds is the coin toss."

                            Smile

                            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.