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Can profit be made with these data? 30 draws/ garunteed hit of 3-5 times.

Topic closed. 7 replies. Last post 6 years ago by garyo1954.

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September 12, 2004
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Posted: August 28, 2010, 7:45 pm - IP Logged

Can profit be made with these data? 30 draws/ garunteed hit of 3-5 times.

Basically, out of 30 draws.. being able to hit 3-5 times with a play of 200 dollars a game and the prize is 500 dollars. (300 dollars profit)

Can the betting be modified to make profit? Its hard not knowing when you're going to hit but you will hit 3 - 5 times within 30 draws.

Can profit/money be made from this?

 

thanks

    RJOh's avatar - chipmunk
    mid-Ohio
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    March 24, 2001
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    Posted: August 29, 2010, 11:45 pm - IP Logged

    If you really want to know the answer to your question then run a real simulation of the numbers you would play using that data.  I doubt if you can make a profit because if it could be done then it would have been done a long time ago and there would be no pick3 games.

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

      Jack-C's avatar - us
      San Diego, CA
      United States
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      May 24, 2008
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      Posted: August 29, 2010, 11:52 pm - IP Logged

      If you really want to know the answer to your question then run a real simulation of the numbers you would play using that data.  I doubt if you can make a profit because if it could be done then it would have been done a long time ago and there would be no pick3 games.

      I Agree!

        Littleoldlady's avatar - basket
        Clarksville
        United States
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        July 15, 2002
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        Posted: September 11, 2010, 8:41 pm - IP Logged

        200.00 a play and you only hit for 500.00?? Must be that new math..:>

        If you know your number is going to hit, have patience and then KILL IT!

        You never know when you will get another hit.

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          NASHVILLE, TENN
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          February 20, 2006
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          Posted: September 13, 2010, 3:48 pm - IP Logged

          I believe this poster is assuming he will have the winning numbers each and every time he plays.  If so, then he might have something here.

            truecritic's avatar - PirateTreasure
            Michigan
            United States
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            September 24, 2005
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            Posted: September 13, 2010, 4:07 pm - IP Logged

            Can profit be made with these data? 30 draws/ garunteed hit of 3-5 times.

            Basically, out of 30 draws.. being able to hit 3-5 times with a play of 200 dollars a game and the prize is 500 dollars. (300 dollars profit)

            Can the betting be modified to make profit? Its hard not knowing when you're going to hit but you will hit 3 - 5 times within 30 draws.

            Can profit/money be made from this?

             

            thanks

            Pick3 game, I assume, since you say the prize is $500.  Tell me if I calculated correctly what you explained.

            Assume maximum 5 games won * $500    = $2,500

            30 draws * Amount bet per draw $200  = $6,000

                                      Seems like a $3,500 loss.

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              FL
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              July 8, 2010
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              Posted: September 22, 2010, 4:51 pm - IP Logged

              Can profit be made with these data? 30 draws/ garunteed hit of 3-5 times.

              Basically, out of 30 draws.. being able to hit 3-5 times with a play of 200 dollars a game and the prize is 500 dollars. (300 dollars profit)

              Can the betting be modified to make profit? Its hard not knowing when you're going to hit but you will hit 3 - 5 times within 30 draws.

              Can profit/money be made from this?

               

              thanks

              There is no guarantee in the lottery, trust me I learned this lesson the hard way :(

              This is what I'm understanding.... You play $200 spread out in 30 days (200/$30=$6.66-) and hit 3 to 5 times for a profit of $300

              I would say this is great if you can pull it off  because you would double your money in 30 days.

              BUT, i do believe you can do much better without risking so much

                garyo1954's avatar - garyo
                Dallas, Texas
                United States
                Member #4549
                May 2, 2004
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                Posted: September 30, 2010, 8:10 pm - IP Logged

                YES!

                But.......not playing 30 days at $200 a day.

                Playing 10 sets of numbers per day at the minimum fifty cents comes to $5 per day; $150 spread over 30 days.

                Playing 15 sets of numbers per day at the minimum fifty cents comes to $7.50 per day; $225 spread over 30 days.

                Playing 20 sets of numbers per day at the minimum fifty cents comes to $10 per day; $300 spread over 30 days.

                * Playing 30 sets a day at the minimum is $15 a day; $450 spread over 30 days.

                 

                The big questions are: How many sets of numbers are you planning on playing?

                And when you say $200 a game, do you mean $200 a draw?