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Coin Toss

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Mar 17, 2013, 4:55 pm

From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".

_____________________________________________________________________

I'm wondering how many way this can be applied to the lotteries, maybe even in a reverse sense, such as 20% of the players are really knowledgable about playing lotto, 80% are not.

On the LP Forums, 20% of the members (or less) put up 80% of the posts (just a guess).

Any others?

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

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.
Artist77

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Mar 17, 2013, 6:18 pm

Quote: Originally posted by Coin Toss on Mar 17, 2013
From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".

_____________________________________________________________________

I'm wondering how many way this can be applied to the lotteries, maybe even in a reverse sense, such as 20% of the players are really knowledgable about playing lotto, 80% are not.

On the LP Forums, 20% of the members (or less) put up 80% of the posts (just a guess).

Any others?

I thought it applied in terms of picking one long shot (out more than 10 or more drawings) in a group of 5.
SergeM

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Mar 18, 2013, 1:50 pm

Quote: Originally posted by Artist77 on Mar 17, 2013
I thought it applied in terms of picking one long shot (out more than 10 or more drawings) in a group of 5.

Pareto would have said, let me write you a prescription. 80% antidepressant, ... .
sully16

25

Ringleader

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Mar 18, 2013, 8:04 pm

Quote: Originally posted by Coin Toss on Mar 17, 2013
From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".

_____________________________________________________________________

I'm wondering how many way this can be applied to the lotteries, maybe even in a reverse sense, such as 20% of the players are really knowledgable about playing lotto, 80% are not.

On the LP Forums, 20% of the members (or less) put up 80% of the posts (just a guess).

Any others?

This is interesting, I am sure we could find this everywhere.
Coin Toss

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Mar 19, 2013, 4:56 pm

Yeah, I've seen it used in many examples, sully.

Things like:

Iin any sales force 20% of the sales people bring in 80% of the sales.

In an apartment complex with a pool 20% of the residents use the pool 80% of the time.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners.

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.
sully16

25

Ringleader

Michigan
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October 28, 2009
128,613 Posts
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Mar 19, 2013, 5:50 pm

Quote: Originally posted by Coin Toss on Mar 19, 2013
Yeah, I've seen it used in many examples, sully.

Things like:

Iin any sales force 20% of the sales people bring in 80% of the sales.

In an apartment complex with a pool 20% of the residents use the pool 80% of the time.

80 persent of the country, lives off 20 percent of the work force.
LottoBoner

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Mar 20, 2013, 3:00 pm

Quote: Originally posted by Coin Toss on Mar 17, 2013
From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".

_____________________________________________________________________

I'm wondering how many way this can be applied to the lotteries, maybe even in a reverse sense, such as 20% of the players are really knowledgable about playing lotto, 80% are not.

On the LP Forums, 20% of the members (or less) put up 80% of the posts (just a guess).

Any others?

I am not a mathematician worthy of great accolades, but I think

80/20 rule can be reduced to a 4 to 1 rule.

This might be a good guide for wheeling, so for every 4 numbers of say perhaps skip five or less you might choose say then one long skip.

(similar to what artist mentioned above)
LottoBoner

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Mar 20, 2013, 3:02 pm

Quote: Originally posted by SergeM on Mar 18, 2013
Pareto would have said, let me write you a prescription. 80% antidepressant, ... .

Well gauging from your other post on the other thread, the other 20% would be erectile dysfunction medication?
realtorjim

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Mar 20, 2013, 3:43 pm

Quote: Originally posted by LottoBoner on Mar 20, 2013
I am not a mathematician worthy of great accolades, but I think

80/20 rule can be reduced to a 4 to 1 rule.

This might be a good guide for wheeling, so for every 4 numbers of say perhaps skip five or less you might choose say then one long skip.

(similar to what artist mentioned above)

Wouldn't that be a 5 to 1 rule?
dr65

50

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Mar 20, 2013, 5:13 pm

80% of the 999 I want to see in the daily number tonight is 799.20
20% of that 999 is 199.80
799 and 199 - there's a twist.
Big 4 and Quinto..2 more twists.

369 1009 1109 1099 110/011/101
LottoBoner

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Mar 20, 2013, 6:01 pm

Quote: Originally posted by realtorjim on Mar 20, 2013
Wouldn't that be a 5 to 1 rule?

5 to 1 is 100 to 20, i think.

I dont know I just divided both side of the equation by 20
msharkey2001

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Mar 20, 2013, 9:53 pm

Quote: Originally posted by Coin Toss on Mar 17, 2013
From Wikipedia:

Pareto principle

From Wikipedia, the free encyclopedia

The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.

Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilifredo Pareto who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; he developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

It is a common rule of thumb in business; e.g., "80% of your sales come from 20% of your clients".

_____________________________________________________________________

I'm wondering how many way this can be applied to the lotteries, maybe even in a reverse sense, such as 20% of the players are really knowledgable about playing lotto, 80% are not.

On the LP Forums, 20% of the members (or less) put up 80% of the posts (just a guess).

Any others?

Very interesting info Coin Toss. I've never heard of this, but pick my numbers using the same methodology. I make sure to include 1 number that has come up less often than the expected number of hits during the last 50 draws and they do from time to time come up.

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