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Powerball reaching record jackpots due to the odds just got harder?

Topic closed. 22 replies. Last post 10 months ago by KY Floyd.

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sirbrad's avatar - Lottery-062.jpg
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Posted: January 19, 2016, 4:03 pm - IP Logged

The Robinson's didn't care about the probability of not winning, yet they won. So probability does not always mean much.

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    Arizona
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    Posted: January 19, 2016, 7:22 pm - IP Logged

    As hard as it is to win it seems logical and more "probable"  now than before. Can you prove otherwise? I didn't think so. Whatever it does it does but with the higher odds it would make sense. I would not be surprised if it was back up there by March-April.

    More probable now than before, yes. But not that much more likely.

      sirbrad's avatar - Lottery-062.jpg
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      Posted: January 19, 2016, 7:33 pm - IP Logged

      MM needs to stay the same as I play that more because it is a dollar and better odds. I would just not play both games even less if they changed it, especially the price. I would stick to smaller jackpot games. I like to play MM until the PB gets so astronomically high that I feel it is then worth spending $2.00. Why not just add 50 more white balls and 20 more red balls then and get trillion dollar jackpots? Would just get even more ridiculous.

        sirbrad's avatar - Lottery-062.jpg
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        Posted: January 19, 2016, 7:46 pm - IP Logged

        I guess they don't know much about probability either because the reason that they changed the matrix was to create Billion dollar jackpots. And that they did, a lot quicker than they had thought as they were hoping by 2022. Since they made it harder you are going to see more higher jackpots now, and Billion dollar jackpots more often as that was the reason they changed it.

          rcbbuckeye's avatar - Lottery-043.jpg
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          Posted: January 19, 2016, 7:49 pm - IP Logged

          I guess they don't know much about probability either because the reason that they changed the matrix was to create Billion dollar jackpots. And that they did, a lot quicker than they had thought as they were hoping by 2022. Since they made it harder you are going to see more higher jackpots now, and Billion dollar jackpots more often as that was the reason they changed it.

          There was a winner 9 draws after they changed the matrix last year. Then the big run. So it's hard to tell how often we'll see billion dollar jackpots.

          I'm sure there will be more, but....how often???

          CAN'T WIN IF YOU'RE NOT IN

          A DOLLAR AND A DREAM (OR $2)

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            Posted: January 19, 2016, 7:58 pm - IP Logged

            There was a winner 9 draws after they changed the matrix last year. Then the big run. So it's hard to tell how often we'll see billion dollar jackpots.

            I'm sure there will be more, but....how often???

            Two or three per decade, maybe less. As time goes on and people get used to seeing 500M jackpots, and we no longer have everyone rushing out to buy lots of tickets, it may take one more rollover to reach the billion-dollar mark, which will make getting there less likely.

              sirbrad's avatar - Lottery-062.jpg
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              Posted: January 20, 2016, 1:47 pm - IP Logged

              Yeah but the first one could have been the "fluke" also. The harder odds seems to favor more up in that range over time. I highly doubt it will be only 3 in 10 years. They will change the matrix again if they don't see it going up more often. We will definitely be seeing it in the middle to upper hundred millions more often.

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                Posted: January 20, 2016, 4:41 pm - IP Logged

                Yeah but the first one could have been the "fluke" also. The harder odds seems to favor more up in that range over time. I highly doubt it will be only 3 in 10 years. They will change the matrix again if they don't see it going up more often. We will definitely be seeing it in the middle to upper hundred millions more often.

                "As hard as it is to win it seems logical and more "probable"  now than before."

                Of course it is, but that's not what you said earlier. Murgatroyd said billion dollar jackpots are likely to happen 2 or 3 times per decade, and you said that you think they'll be "much more frequent than that now".

                "I highly doubt it will be only 3 in 10 years."

                You can doubt it as much as you like, but that doesn't change reality. You've obviously got no clue about the actual probability. If you think I can't prove that it's unlikely to be more common than that you must not understand probability at all. The numbers are different, but calculating the chances of a billion dollar jackpot is the same as calculating the chances of getting 6 heads in a row.

                "first one could have been the "fluke" also."

                Just more proof that you don't actually know. You think it might or might not have been a fluke, but you don't have the knowledge to do anything more than make an uninformed guess. It's about the same as saying that you think that 2+2 is pretty close to 5.

                "they changed the matrix was to create Billion dollar jackpots"

                They changed the matrix in the hopes of increasing total ticket sales. They don't actually care how big the jackpots are, except for marketing hype and the correlation between sales and the size of the jackpot.