Quote: Originally posted by Stack47 on Jun 29, 2012
"$100k IS posible to bet and I have already been to the Lottery office to confirm that."
It's possible to bet $100,000 on ZERO playing roulette (with about the same 2.6% chance) and win $3.5 million, but you're only talking about winning $150,000 by making a bet with about the same chance of winning. After two losing bets the roulette player will be betting $300,000 to win $3.2 million but the best your third bet can expect is probable small loss. After losing $500,000 will you still make another $100,000 to win only $150,000 on just that one bet knowing the roulette player can still win $3 million?
The roulette player could only win an amount the casino is willing to risk and no where near the size of MM jackpots. But they wouldn't have to accuratedly fill out 20,000 playslips and hope the clerks running the machines don't take long breaks or the machine runs out of paper.
"This is a TRIAL. When and if I hit 5+1, I will subtract my hypothetical cost of each and every draw from the Jackpot amount to determine if there was a profit."
I do believe it's possible to increase the 2.6% chance of matching five numbers wheeling 28 maybe as high as 10%, but that still gives about a 70% loss every 100 drawings and without hitting the jackpot and that's $7 million in losses. The only way you could show a profit is by winning the jackpot. In each of the 10 five number matches out of every 100, you'll have a 2.2% chance of winning the jackpot or hopefully in the next 460 drawings. The odds against winning jackpot are exactly the same by distributing all 46 bonus numbers or playing only one in every drawing so I'd choose the latter.
Since your hypothetical losses for 460 drawings should be about $32 million, the size of the jackpot will determine if you do in fact make a hypothetical profit. And that's still assuming you'll match the bonus on the one out ten drawings when you match all five numbers. The odds really favor matching the bonus number on one of the 9 out 10 drawings when you don't match all five.
"Understand??"
Yep, it's similar to when another member suggested the players in Maddog's MM challenge would each spend a hypothetical $36,432 twice a week by playing all the possible combos. He showed a years worth of charts breaking down all the hypothetical wins and losses. At the end of the day it was only statistics for hypothetical bets nobody would or could make.