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overall odds question

Topic closed. 8 replies. Last post 3 years ago by RJOh.

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February 6, 2014
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Posted: February 21, 2014, 8:36 pm - IP Logged

i had a question on odds on any game

 

if its one in like 12 million and you buy lets say 400 tickets  40o devided by 12 million would be 30000 would be like 1 in 30 thosand.

what im trying to get at, is buying multi tickets lower your odds by much?

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    Cranston, RI
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    Posted: February 21, 2014, 9:15 pm - IP Logged

    Your math is correct.  It actually increases your odds, not lowers them.  Whether it increases your odds by "much" is based on your definition of "much".

      RJOh's avatar - chipmunk
      mid-Ohio
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      March 24, 2001
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      Posted: February 22, 2014, 12:07 am - IP Logged

      Using an odds calculator and entering the number of tickets/chances you're buying will tell you the exact amount you're changing your odds.

        possible combos of 6/49 numbers = 13983816
       MATCH    ODDS        WINNING COMBOS ODDS 400 CHANCES       
       6/6     1 : 13983816    1              1 : 34960         
        5/6     1 : 54201      258            1 : 136           
        4/6     1 : 1032        13545          1 : 3             
       3/6     1 : 57          246820         7 : 1             
       _______________________________________________________

       * you don't need to buy more tickets, just buy a winning ticket * 
         
                   Evil Looking       

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        Posted: February 22, 2014, 3:42 am - IP Logged

        Whether it increases your odds by "much" is based on your definition of "much".

        I'll disagree slightly.  I think that being 100 times more likely to win is much better by any reasonable definition. The problem is that being much better is still extremely lousy when the starting point is so incredibly bad.

          SergeM's avatar - slow icon.png
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          February 27, 2012
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          Posted: February 22, 2014, 6:38 am - IP Logged

          i had a question on odds on any game

           

          if its one in like 12 million and you buy lets say 400 tickets  40o devided by 12 million would be 30000 would be like 1 in 30 thosand.

          what im trying to get at, is buying multi tickets lower your odds by much?

          Pick 6 / 48

          12271512

          For 462 combinations the payouts are different following to how you played them and what numbers were drawn.

          If you don't want to pick numbers or play a quick pick there still is the wheel covering all numbers. The odds may stay the same or not, you don't know, but they are.

          The highest payout that you can get is playing one ticket and winning the jackpot alone when the payout is highest.

          If there is another winner, you would get more out of it by playing your combination more often. This may sound strange to you.

          To understand this, you can write down 462 combinations and check what your score was, than multiply by a smaller payout. Do this several times.

            SergeM's avatar - slow icon.png
            Economy class
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            Posted: February 22, 2014, 6:49 am - IP Logged

            i had a question on odds on any game

             

            if its one in like 12 million and you buy lets say 400 tickets  40o devided by 12 million would be 30000 would be like 1 in 30 thosand.

            what im trying to get at, is buying multi tickets lower your odds by much?

            Buying one combination means buying one chance.
            Buying no combination means buying no chance.

              maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
              Massachusetts
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              April 14, 2006
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              Posted: February 22, 2014, 9:12 am - IP Logged

              The more tickets you buy the bigger the probability of winning. If there are 10 cards and you pick one card your probability of picking the right one is 1/10. If you pick another card then your probability rises to 2/10. By now you have doubled your odds of getting the right card but you are still not close to covering half the odds. By the way it's possible to pick 9 cards and still not pick the right card. That's when you're allowed to scream wtf?!! Lol

              That money's gone fo ever

                SergeM's avatar - slow icon.png
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                Posted: February 22, 2014, 11:09 am - IP Logged

                "The player is allowed not to play." - The dealer.

                  RJOh's avatar - chipmunk
                  mid-Ohio
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                  Posted: February 22, 2014, 1:46 pm - IP Logged

                  Pick 6 / 48

                  12271512

                  For 462 combinations the payouts are different following to how you played them and what numbers were drawn.

                  If you don't want to pick numbers or play a quick pick there still is the wheel covering all numbers. The odds may stay the same or not, you don't know, but they are.

                  The highest payout that you can get is playing one ticket and winning the jackpot alone when the payout is highest.

                  If there is another winner, you would get more out of it by playing your combination more often. This may sound strange to you.

                  To understand this, you can write down 462 combinations and check what your score was, than multiply by a smaller payout. Do this several times.

                   possible combos of 6/48 numbers = 12271512
                   MATCH    ODDS          WINNING COMBOS ODDS 462 LINES
                   6/6     1 : 12271512    1              1 : 26562
                   5/6     1 : 48696       252            1 : 105
                   4/6     1 : 950         12915          1 : 2
                   3/6     1 : 53          229600         9 : 1

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking