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Just a heads up, Ive kept a record of lotto spending for a year

Topic closed. 18 replies. Last post 4 years ago by Coin Toss.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
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Posted: December 26, 2012, 12:05 pm - IP Logged

Over in my blog is a list of each months spending and winnings. and come jan 1 i will have a years worth of data. its been a long year. and no wins.

prob the most interesting fact is that  on lotto i seem to win back about %25 of  my spend, but on keno it was running at %50 all year, until I won it all back  just weeks before xmas. If you did  avg where high nd low occurrences are ignored,. It would prob run true that %50 return is about the going rate.

 

I made some mistakes, and have learned from them and next year i intend to  be more  accurate and diligent. I'm no accountant. but make of the numbers what you will. ill edit the sig file, and start with a clean slate when i start buying in the new year. phew.

 

On another note the syndicate that I run for my family where I bank and save the winnings towards a possible buying of all our tickets from the interest earned has stalled this year.  the balance didn't go up at all,  possible due to not winning enough, or maybe the small increase in prices. Better luck for my family in the new year. and

good luck in the new year all.

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

    Nikkicute's avatar - nnjx1k
    Wisconsin
    United States
    Member #123290
    February 17, 2012
    3052 Posts
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    Posted: December 26, 2012, 6:12 pm - IP Logged

    2012 Lotto Play

    Wins $19

    Loss $198

    Trying to win something, at least a Pick 3 before Feb 17 (1 year LP anniversary)

      Uluska's avatar - strawberry

      United States
      Member #134627
      November 2, 2012
      1001 Posts
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      Posted: December 28, 2012, 11:55 am - IP Logged

      During last summer gradually won half of what I was spending.

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
        United States
        Member #73904
        April 28, 2009
        14903 Posts
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        Posted: December 28, 2012, 12:10 pm - IP Logged

        Better luck in the New Year, mate!  Thumbs Up

          LottoGuyBC's avatar - Lottery-050.jpg
          British Columbia
          Canada
          Member #116101
          September 4, 2011
          4033 Posts
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          Posted: December 28, 2012, 12:35 pm - IP Logged

          not sure If I want to try

          Thinking of...

           

          mite be too much of a disappointment  Thud

          "You have to be in it to win it!"

            savagegoose's avatar - ProfilePho
            adelaide sa
            Australia
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            April 11, 2006
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            Posted: December 28, 2012, 6:29 pm - IP Logged

            thanks, all in all with the big keno win it hasnt been a bad year. i still have 2 draws to go, tonight's, and Monday nights, for  chance to win back some more yearly losses.

             

            all up  $2350 ish losses, and $2150 wins,

            lotto  on its one looks worse without keno carrying the day

            about $1k down and $230 ish up.

             

            ill post they YTD figures when i crunch the numbers. in a few days. but 1 thing blows my mind, and thats it works out at $45 a week i spent on gambling.

            :o

            2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

            keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

              savagegoose's avatar - ProfilePho
              adelaide sa
              Australia
              Member #37136
              April 11, 2006
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              Posted: December 29, 2012, 6:33 am - IP Logged

              running total ytd
              mon/ lotto        [78.50]               142 entries
              tue/oz lotto      [200.85]    28.9    167 tikets
              wed/ lotto        [66.85]      58.35  121 tickets
              thur/ power ball[297.90]     54.15  361 tickets
              sat/ lotto          [133.65]   12.8    205 tickets
              sat /pools         [241.70]   54.75   439 tickets
              keno                   [1467  ]    1917   1467 tickets
              scratchers        [ 20  ]      19        ?

               lotto sub total    [1019.10]   259.70
              TOTAL                   [2486.10]  2176.70

                final tally, - 309.40

              2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

              keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                Coin Toss's avatar - shape barbed.jpg
                Zeta Reticuli Star System
                United States
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                January 17, 2006
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                Posted: January 1, 2013, 1:51 am - IP Logged

                Mine was:

                Draw games     - $1017   + $94 - Uusally I'm under one thousand for the year but Illinois added My3 and $1 option plays on Pick 5 and Pick 6.

                Bang Head

                Scratchers (wife mostly)     - $753    +440

                I guess there's a message there but it's still "the lure of the draw"

                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.

                  savagegoose's avatar - ProfilePho
                  adelaide sa
                  Australia
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                  April 11, 2006
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                  Posted: January 1, 2013, 2:36 am - IP Logged

                  the thing i found interesting with your stats, is you played almost the same $$$ on loto that I did over the year! and we both returned under half the money back from lotto.

                  my keno playing is what saved the day for the year. But i never started playing keno with the intention of spending more on it that on lottto. funny how things work out.

                  its jan 1 here and im already $2 in  on keno and $10 into  lotto for the year. time to open up a new text file and start recording.

                  2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                  keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297


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                    Posted: January 1, 2013, 11:25 am - IP Logged

                    All my losers are in the junk draw....................


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                      Posted: January 1, 2013, 11:25 am - IP Logged

                             


                        United States
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                        July 10, 2010
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                        Posted: January 1, 2013, 12:56 pm - IP Logged

                        Over in my blog is a list of each months spending and winnings. and come jan 1 i will have a years worth of data. its been a long year. and no wins.

                        prob the most interesting fact is that  on lotto i seem to win back about %25 of  my spend, but on keno it was running at %50 all year, until I won it all back  just weeks before xmas. If you did  avg where high nd low occurrences are ignored,. It would prob run true that %50 return is about the going rate.

                         

                        I made some mistakes, and have learned from them and next year i intend to  be more  accurate and diligent. I'm no accountant. but make of the numbers what you will. ill edit the sig file, and start with a clean slate when i start buying in the new year. phew.

                         

                        On another note the syndicate that I run for my family where I bank and save the winnings towards a possible buying of all our tickets from the interest earned has stalled this year.  the balance didn't go up at all,  possible due to not winning enough, or maybe the small increase in prices. Better luck for my family in the new year. and

                        good luck in the new year all.

                        Hi SavageGoose,

                        This post describes a simulation of Pick-3, but it supports your observation that, on average, your results will tend to be around 50%.  However, as you experienced, it *IS* possible to have short term wins that put you in the black.  In fact, you will see that it's possible to do even better than you did, purely at random.  The lesson to be learned from all this is that if you are lucky enough to get a big win, the wise thing to do is take your money and run.  Otherwise, the odds are, you will eventually give it all back.

                        https://www.lotterypost.com/thread/247020/2850041 

                        --Jimmy4164

                          SergeM's avatar - slow icon.png
                          Economy class
                          Belgium
                          Member #123700
                          February 27, 2012
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                          Posted: January 1, 2013, 4:53 pm - IP Logged

                          Hi SavageGoose,

                          This post describes a simulation of Pick-3, but it supports your observation that, on average, your results will tend to be around 50%.  However, as you experienced, it *IS* possible to have short term wins that put you in the black.  In fact, you will see that it's possible to do even better than you did, purely at random.  The lesson to be learned from all this is that if you are lucky enough to get a big win, the wise thing to do is take your money and run.  Otherwise, the odds are, you will eventually give it all back.

                          https://www.lotterypost.com/thread/247020/2850041 

                          --Jimmy4164

                          Getting a big win can also give you the comfort of riding lady luck without having to worry about the expenses.


                            United States
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                            Posted: January 1, 2013, 5:17 pm - IP Logged

                            All my losers are in the junk draw....................

                            Time to clear out that draw!  All my losers are in a shoebox, with quite a few scattered on the floor, and some on the bulletin board, and a couple taped on the walls.  The rest of the losers I think are in my wallet.

                            So far for 2013 i am - $4.00

                            I will be putting all expenses and profits in my ledger.

                            I was hoping i could use those losers as tax write offs, but I guess I just sucked too much this year, although I think I hit three 4/5.  Things have become a bit cloudy.

                            Looking to beat that this year by A LOT!


                              United States
                              Member #116268
                              September 7, 2011
                              20244 Posts
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                              Posted: January 1, 2013, 5:24 pm - IP Logged

                              Time to clear out that draw!  All my losers are in a shoebox, with quite a few scattered on the floor, and some on the bulletin board, and a couple taped on the walls.  The rest of the losers I think are in my wallet.

                              So far for 2013 i am - $4.00

                              I will be putting all expenses and profits in my ledger.

                              I was hoping i could use those losers as tax write offs, but I guess I just sucked too much this year, although I think I hit three 4/5.  Things have become a bit cloudy.

                              Looking to beat that this year by A LOT!

                              I'm makin room in that draw for a fresh new crop of losers....... Odds, what odds??????