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The 80-20 Rule and the Lottery

Topic closed. 11 replies. Last post 4 years ago by msharkey2001.

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Coin Toss's avatar - shape barbed.jpg
Zeta Reticuli Star System
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Posted: March 17, 2013, 4:55 pm - IP Logged

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.

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.

    Artist77's avatar - batman14

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    Posted: March 17, 2013, 6:18 pm - IP Logged

    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.

    J'aime La France.

      SergeM's avatar - slow icon.png
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      Posted: March 18, 2013, 1:50 pm - IP Logged

      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's avatar - sharan
        Ringleader
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        Posted: March 18, 2013, 8:04 pm - IP Logged

        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.

        Did you exchange a walk on part in the war ?

        For a lead role in a cage?

         

                                                    From Pink Floyd's " Wish you were here"

          Coin Toss's avatar - shape barbed.jpg
          Zeta Reticuli Star System
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          Posted: March 19, 2013, 4:56 pm - IP Logged

          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.

          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.

            sully16's avatar - sharan
            Ringleader
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            Posted: March 19, 2013, 5:50 pm - IP Logged

            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.

            Did you exchange a walk on part in the war ?

            For a lead role in a cage?

             

                                                        From Pink Floyd's " Wish you were here"


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              Posted: March 20, 2013, 3:00 pm - IP Logged

              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)


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                Posted: March 20, 2013, 3:02 pm - IP Logged

                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's avatar - images q=tbn:ANd9GcT7U3t20NgScoPlxOqLT6TR0vQeJNBV3_tTswe1XeFDTsdw3NLZ

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                  Posted: March 20, 2013, 3:43 pm - IP Logged

                  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's avatar - black panther.jpg
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                    Posted: March 20, 2013, 5:13 pm - IP Logged

                    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.

                    246 ~~ 485 ~~ 369 ~~ 890 ~~ 705 ~~ 357 ~~ 129 ~~ 165 ~  007 ~ 225 ~ 818 ~ 440 ~  7775 5557


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                      Posted: March 20, 2013, 6:01 pm - IP Logged

                      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's avatar - Trek startrek.gif
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                        Posted: March 20, 2013, 9:53 pm - IP Logged

                        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.