COLUMBUS,GA. United States
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Quote: Originally posted by Thoth on May 1, 2011
I think a systems success will be difined by its performance against probability over the long term. In pick 3 for example, if a system gives you 20 numbers to play every draw, and you only win 2% of all games played, then the system is only performing as good as randomness and chance should allow for and it is NOT producing results that are giving you an edge on the game. However, if you consistently win say 4% or 5% of all games played (with only 20 numbers a day which is 2%), then you would be winning twice as much as probability should allow for, in which case you could say the system is viable and gives you a winning edge. Of course, I think such a system would have to prove itself throughout entire draw histories and in multiple states.
This is a pleasant surprise, a post from you. PM me and tell me how you are doing, miss your very informant posts.
United States
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Quote: Originally posted by Raven62 on May 1, 2011
It boils down to the old debate: Mysticism vs Statistical
Either way: People are Playing Numbers based upon incomplete or uncertain knowledge!
Play On!
A person who only reads the Mystical Forum could easily believe that. Anyone taking a peek at the Math, Lottery Systems, Pick 5, Pick 3 and some others would know otherwise. Those include a pantheon of approaches to lottery systems and lottery prediction involving math but having nothing to do with statistics.
But I'm not at all certain what libra dave is doing every day on the Mystical Forum couldn't be called a system.
The thread was never intended to question what makes a 'successful system'. There aren't enough of those that anyone's aware of to need a thread. But the range of possibilities members consider to be lottery systems has a lot of room for discussion
mid-Ohio United States
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Quote: Originally posted by Thoth on May 1, 2011
I think a systems success will be difined by its performance against probability over the long term. In pick 3 for example, if a system gives you 20 numbers to play every draw, and you only win 2% of all games played, then the system is only performing as good as randomness and chance should allow for and it is NOT producing results that are giving you an edge on the game. However, if you consistently win say 4% or 5% of all games played (with only 20 numbers a day which is 2%), then you would be winning twice as much as probability should allow for, in which case you could say the system is viable and gives you a winning edge. Of course, I think such a system would have to prove itself throughout entire draw histories and in multiple states.
The following are the odds and payouts for Ohio Classic Lotto (6/49)
tickets or chances per draw 1000 possible combos of 6/49 numbers = 13983816 MATCHES ODDS WINNING COMBOS EXPECTED WINNERS EXPECTED WINNINGS 6/6 1 : 13983816 1 0.00 X JP 5/6 1 : 54201 258 0.02 X $1500 $ 0 4/6 1 : 1032 13545 0.97 X $70 $70 3/6 1 : 57 246820 17.65 X $2 $35 ___________________________________________________________________________________ overall odds are 1 : 53.6 18.6 total expected winners
According to your definition, a OCL system producing more than $105 of winnings for every $1000 spent is doing better than might be expected of randomly picked combinations and should be considered doing good. However I get the impression that many of the system players are expecting quite a bit more than that from a good system.
* you don't need to buy every combination, just the winning ones *
Findlay, Ohio United States
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Quote: Originally posted by RJOh on May 1, 2011
The following are the odds and payouts for Ohio Classic Lotto (6/49)
tickets or chances per draw 1000 possible combos of 6/49 numbers = 13983816 MATCHES ODDS WINNING COMBOS EXPECTED WINNERS EXPECTED WINNINGS 6/6 1 : 13983816 1 0.00 X JP 5/6 1 : 54201 258 0.02 X $1500 $ 0 4/6 1 : 1032 13545 0.97 X $70 $70 3/6 1 : 57 246820 17.65 X $2 $35 ___________________________________________________________________________________ overall odds are 1 : 53.6 18.6 total expected winners
According to your definition, a OCL system producing more than $105 of winnings for every $1000 spent is doing better than might be expected of randomly picked combinations and should be considered doing good. However I get the impression that many of the system players are expecting quite a bit more than that from a good system.
I don't follow OCL, or really any of the bigger games much at all. The big jackpot games only take a system to work once in order to really pay out anyways, unless you are going for multiple smaller tier wins.
As far as pick 3 is concerned though, I'm simply suggesting that a successful system has to perform much better than what random chance would allow for. Realistically, if you played 1000 consecutive games, spending 20 dollars a draw, you would spend $20,000 and win (according to a probability of 2%) a total of $10,000: only half of what you spent over the long haul. So winning at twice the normal expected rate (4%) breaks you even and 5% puts you at a small profit. I would expect quite a bit more myself too, but for any system to hit higher is something that I have yet to see proven...
Also, in my opinion, a "system" is something that is more automated and used on a daily basis - unlike a strategy which may entail different approaches with differnt rules some of which may or may not be the same day after day, or even used daily at all.
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Quote: Originally posted by Thoth on May 1, 2011
I don't follow OCL, or really any of the bigger games much at all. The big jackpot games only take a system to work once in order to really pay out anyways, unless you are going for multiple smaller tier wins.
As far as pick 3 is concerned though, I'm simply suggesting that a successful system has to perform much better than what random chance would allow for. Realistically, if you played 1000 consecutive games, spending 20 dollars a draw, you would spend $20,000 and win (according to a probability of 2%) a total of $10,000: only half of what you spent over the long haul. So winning at twice the normal expected rate (4%) breaks you even and 5% puts you at a small profit. I would expect quite a bit more myself too, but for any system to hit higher is something that I have yet to see proven...
Also, in my opinion, a "system" is something that is more automated and used on a daily basis - unlike a strategy which may entail different approaches with differnt rules some of which may or may not be the same day after day, or even used daily at all.
.
"I would expect quite a bit more myself too, but for any system to hit higher is something that I have yet to see proven..."
I have yet to see a system proven to perform beyond the normal expected rate either...
mid-Ohio United States
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Quote: Originally posted by jimmy4164 on May 2, 2011
"I would expect quite a bit more myself too, but for any system to hit higher is something that I have yet to see proven..."
I have yet to see a system proven to perform beyond the normal expected rate either...
It's unlikely you will ever see that since the normal expected returns for pick5 and jackpots games are ~10-20% and even twice those amounts are nothing to brag about since everyone hope is to show a profit.
* you don't need to buy every combination, just the winning ones *
Findlay, Ohio United States
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I have actually found ways to win huge profits on the P3 and P4 games, at least on paper and back testing...only problem is that they require huge bankrolls to implement....the kind of money only wealthy people could afford to gamble with. The only real way to lose in these systems is if some freakishly anomalous gap occurred between hits or the lottery officials shut down the numbers that day. Ever notice the min and max bets on each game table at the casinos? The min sets the minimum unit that you can use to double up. the max sets the amount of times you can potentially perform a double-up bet off a lose. Wiith the numbers games, no such measure is really put in place, at least up to the point when the closey that combo out.
mid-Ohio United States
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Quote: Originally posted by Thoth on May 2, 2011
I have actually found ways to win huge profits on the P3 and P4 games, at least on paper and back testing...only problem is that they require huge bankrolls to implement....the kind of money only wealthy people could afford to gamble with. The only real way to lose in these systems is if some freakishly anomalous gap occurred between hits or the lottery officials shut down the numbers that day. Ever notice the min and max bets on each game table at the casinos? The min sets the minimum unit that you can use to double up. the max sets the amount of times you can potentially perform a double-up bet off a lose. Wiith the numbers games, no such measure is really put in place, at least up to the point when the closey that combo out.
I've never thought of Pick3/4 games as ways to win huge profits even though I occasionally read of it happening when someone bets a huge amount on one combination and wins. That's the reason I've only tried developing a winning system for the pick5 and jackpot games.
* you don't need to buy every combination, just the winning ones *
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Quote: Originally posted by RJOh on May 2, 2011
I've never thought of Pick3/4 games as ways to win huge profits even though I occasionally read of it happening when someone bets a huge amount on one combination and wins. That's the reason I've only tried developing a winning system for the pick5 and jackpot games.
Rjoh said....
"That's the reason I've only tried developing a winning system for the pick5 and jackpot games."
How can you attempt beating a Pick-5 game with hundreds of thousands of possibilities, when the most logical plan would be to first try beating a 1000 to 1 odds with the P-3?........ You have to crawl before you walk you know....
In Florida it's about 376,000 to 1 for the Fantasy Five. About 376 times harder than the P-3......Is the microphone working?....lol
Not to mention the big games. You might as well wish for a Genie...lol
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Quote: Originally posted by joker17 on May 3, 2011
Rjoh said....
"That's the reason I've only tried developing a winning system for the pick5 and jackpot games."
How can you attempt beating a Pick-5 game with hundreds of thousands of possibilities, when the most logical plan would be to first try beating a 1000 to 1 odds with the P-3?........ You have to crawl before you walk you know....
In Florida it's about 376,000 to 1 for the Fantasy Five. About 376 times harder than the P-3......Is the microphone working?....lol
Not to mention the big games. You might as well wish for a Genie...lol
The logic you referred to is based on a different premise than the logic Rjoh is basing his attempts on.
Kentucky United States
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Quote: Originally posted by JosephusMinimus on May 1, 2011
You might be right, though in the early stages of the thread math was intermittently discussed as it pertained to lottery systems. There's no clearly defined instructional material as to where a thread should be placed and at the time of the initial posting the Math forum seemed to stand a better chance of getting the kinds of insights I was looking for.
Next most appropriate would have been the Lottery Systems forum in my view. But the Lottery Systems Forum was getting hundreds of posts daily and the Math Forum was only getting a few, mainly the bickering and sniping between a tiny handfull of members throwing snide remarks and innuendoes back and forth at one another.
I asked the question on Math because I was looking for thoughtful responses. I'm happy I posted it there instead of somewhere else because I believe that's where I got the kinds of answers I was hoping for.
But I had no idea it would go on 59 pages with 49 of them being the type of posts I have been glad to avoid and did avoid reading for the most part.
This discussion keeps bouncing around between pick-3 systems and jackpot game systems and the distinction between them and chance. In pick-3 games chance is on average $500 in winnings for every $1000 bet and as RJ's chart shows, it's $105 in winnings for every $1000 bet for Ohio Classic Lotto (6/49). It's obvious it's easier to beat chance by playing this jackpot game, but it's 5 times harder to show a profit.
The Kentucky pick-3 pays $600 to $1 and online pick-3 games pay $900 to $1 so systems play in those games does have a better chance of showing a profit. Because there are secondary prizes in jackpot games, systems players can use the same numbers in more 2, 3, and 4 combinations to get larger payoffs than is expected by chance.
If you play the pick-3 numbers 000 - 249, I play 250 - 499, another player plays 500 - 749, and a fourth player plays 750 - 999, one of us is guaranteed to collect $500. If the same four players each bought 250 QPs, none of them is guaranteed to collect anything.
"mainly the bickering and sniping between a tiny handfull of members throwing snide remarks and innuendoes back and forth at one another."
Jackpot game abbreviated wheels are mathematically design to guarantee matches when the conditions are met. A system is mathematically designed to enter a group of numbers into the wheels that consistently produces enough matches to show a slight profit or a small loss that still beats chance. The arguments against suggested either the system player claimed they could beat a like number of RNG picks or the system player would continue to play the same system indefinitely even after the it fail to maintain it's consistency.
How many times is it necessary for a system player to say they never claimed their system could beat someone else's RNG picks or they would not use a system that didn't consistency beat chance?
Kentucky United States
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Quote: Originally posted by RJOh on May 2, 2011
It's unlikely you will ever see that since the normal expected returns for pick5 and jackpots games are ~10-20% and even twice those amounts are nothing to brag about since everyone hope is to show a profit.
I thought people played for the jackpots and not for the $1 they are expected to get by wagering $10 on a 5/39 game. My goals using any system are to wager as little as possible for a chance to win a jackpot. I played RC5 for $20 every drawing for over six weeks at a small profit; that's almost 900 chances to hit the jackpot without spending a dime.
I'll never know if I had hit a jackpot playing QPs because I never asked a lottery clerk for 900 QPs and those 900 combinations were never generated by the lottery terminal. Nobody buying any RC5 tickets won a jackpot from those lottery terminals during that same time period so I probably wouldn't have either.
If someone has a system that averages 1 jackpot for every 45 drawings with an average return of $1 in the other 44 drawings, I'll buy it. But in the mean time if I can get 900 chances to win the jackpot for even a $50 loss, I think that's a good bet.
Kentucky United States
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Quote: Originally posted by RJOh on May 2, 2011
I've never thought of Pick3/4 games as ways to win huge profits even though I occasionally read of it happening when someone bets a huge amount on one combination and wins. That's the reason I've only tried developing a winning system for the pick5 and jackpot games.
The odds of betting $20 on a straight pick-4 number and winning $100,000 are 9999 to 1. The odds of winning a $100,000 plus jackpot for the same $20 on a 5/39 pick-5 game are 28,788 to 1.
mid-Ohio United States
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Quote: Originally posted by joker17 on May 3, 2011
Rjoh said....
"That's the reason I've only tried developing a winning system for the pick5 and jackpot games."
How can you attempt beating a Pick-5 game with hundreds of thousands of possibilities, when the most logical plan would be to first try beating a 1000 to 1 odds with the P-3?........ You have to crawl before you walk you know....
In Florida it's about 376,000 to 1 for the Fantasy Five. About 376 times harder than the P-3......Is the microphone working?....lol
Not to mention the big games. You might as well wish for a Genie...lol
If I understand your logic, you're saying it make no sense to buy a Fantasy Five ticket which has 1:376000 odds of winning $100,000+ when you can buy a pick3 ticket which has 1:1000 odds of winning $600. That logic probably makes more sense to you then it ever will to me because losing money trying to win $600 doesn't make as much sense to me as losing the same amount trying to win millions of dollars. I guess that's why state offer different games with different size prizes and odds, something for everybody.
* you don't need to buy every combination, just the winning ones *