Welcome Guest
Log In | Register )
You last visited October 23, 2021, 6:46 pm
All times shown are
Eastern Time (GMT-5:00)

Professional Poker exist. We can organize a Professional Pick 3 Lottery League.

Topic closed. 11 replies. Last post 2 years ago by Mdg51979.

Page 1 of 1
PrintE-mailLink
lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
Thread Starter

United States
Member #140167
March 12, 2013
6893 Posts
Offline

I'm researching an idea that I'm sure other people may have mentioned somewhere but maybe not in the way that I'm thinking about it. If people can be considered a professional gambler for playing poker then we can do the same thing as professional lottery predictors. I mention poker because it's the best comparison of how to go about making predicting the lottery more acceptable as a serious way to create income on a regular basis.

 

We just have to force ourselves to step our game up as predictors and properly organize what I would probably call the Professional Lottery League (if no one has that name yet). Or maybe the Professional Pick 3 Lottery League but that's kind of a long name. I prefer the Pick 3 game because it has the best odds, a low cost to play and can be played in more states than the Pick 2 game.

 

We would have to create a process to determine how good each predictor is. Of course, no one wants to bet on a forecast from a predictor that sucks.

We could require people who want to participate as a predictor to post a minimum 100 predictions before each drawing in order to grade their prediction performance. The grade would not only include how many times you've made accurate predictions but most importantly, it will show your average Profit and ROI. 

A predictor is only as good as their track record just like any other professional poker player, investment manager, doctor, lawyer, politician, etc....

 

Accuracy rate + Profit + ROI = Grade

 

The point of grading is not only so predictors can assess their skill level but fans will be able to easily and quickly see what high performing predictors to sponsor (just like great poker players get sponsors once they are a proven winner). So fans can make money from the winnings of high performing predictors and predictors can reduce or eliminate their cost to play by being sponsored.

 

People are more familiar with lottery pools. This is definitely not an idea for a lottery pool. Are sponsors of poker players considered a pool if there are several sponsors for one player or even several players at a time? Of course, if the predictions are made public before each drawing then the whole world could just bet on the predictions of the best predictor. But I think the predictor should get a cut from everyone who profits form their forecast because that profit wouldn't be possible without the predictor.

If this is the gist of how professional poker is completely legal and being played then we as predictors should be able to legally organize as a Professional Lottery League.

Fantasy Pick 3 Lottery League ??

I've read through a few other post but I don't feel they discussed everything that I'm bringing up here.

When I search online the Lottery League is some music festival.

 

Becoming a professional at pretty much anything is hard but it's possible. And just like other professions, the top maybe 10% are probably going to be the only ones able to make an actual living at this.

There is always risk. There are no guarantees in business, gambling or investing. One could argue that it's all speculation because things beyond our control exist and can happen at anytime. Can a game of chance be a game of skill as well? You would have to ask poker players this. No matter what, at the end of the day, all that matters are the results you are able to produce on a regular basis. Predicting the lottery is lifestyle for many of us already. Now we can make it more of a sport where predictors can compete in tournaments.

 

Tournament activities a could include open or invitation only and with or without an entry fee. Predictors could compete to see who can get the highest grade within 10 forecast each. I think it would be more of an incentive for predictors  and sponsors if there was an added prize for the champion. We could compete and individual predictors or as teams.

 

Right now I'm just exploring ideas but I'd appreciate any constructive feedback, comments, suggestions, etc....

 

What do you think?

 

Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

When intuition and logic agree, you are always right. - Blaise Pascal

39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

    lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
    Thread Starter

    United States
    Member #140167
    March 12, 2013
    6893 Posts
    Offline

    I'm thinking this may be possible.

    Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

    When intuition and logic agree, you are always right. - Blaise Pascal

    39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

      Avatar

      United States
      Member #183282
      July 26, 2017
      1167 Posts
      Online

      I'm thinking this may be possible.

      Hurray! me too. It's a great idea if u get it started I would love to participate. Keep up the great work!

        lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
        Thread Starter

        United States
        Member #140167
        March 12, 2013
        6893 Posts
        Offline

        Hurray! me too. It's a great idea if u get it started I would love to participate. Keep up the great work!

        Thanks. So would you participate as a predictor or a sponsor?

        Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

        When intuition and logic agree, you are always right. - Blaise Pascal

        39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

          lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
          Thread Starter

          United States
          Member #140167
          March 12, 2013
          6893 Posts
          Offline

          So after doing a little research on here and talking with a few people, this idea has been discussed before but the game wasn't played for long.

          Dash for Cash - System Challenge

          One issue that was brought up is that using real money as part of a prize for predicting the lottery is gambling and must be regulated. This brings up the question, what if the prize was Lottery post merchandise and/or free LP memberships?

          Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

          When intuition and logic agree, you are always right. - Blaise Pascal

          39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

            Avatar
            Arvada, CO
            United States
            Member #195026
            January 7, 2019
            99 Posts
            Offline

            Hello everyone

            I just wondered if there was a way around this gambling loop hole. I would love to earn money as a predictor... I know there are people who earn income by selling their predictions/forecasts. Is that an option? Also, I don't mind having an incentive either like lottery post merchandise. Again, I am still working on getting my predictions low enough in cost...so I am still working on becoming a better predictor. However, if a group is formed I will participate. Give me alittle more time to think about this more. Great conversation starter.

             

            Maya

              Avatar
              Arvada, CO
              United States
              Member #195026
              January 7, 2019
              99 Posts
              Offline

              Let me add this as well...I am interested in sponsoring for sure if my predictor demos a good and consistent ROI!

                ineedahit's avatar - tim

                United States
                Member #142488
                May 13, 2013
                8455 Posts
                Offline

                How many numbers and over how many drawings is acceptable

                winning numbers are found using odds , patterns, history, and a little work  - anything else is just a coincidence, unless your psychic..Wink

                  lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
                  Thread Starter

                  United States
                  Member #140167
                  March 12, 2013
                  6893 Posts
                  Offline

                   

                  Let's create more flow = a fun, challenging and rewarding experience.

                  Gamification is the process of taking something that already exists – a website, an enterprise application, an online community – and integrating game mechanics into it to motivate participation, engagement, and loyalty. (I'm too scared to include links to sources where I'm getting information from because I might get banned or something.)

                   

                  This is about about mastering how to predict the pick 3 lottery and increasing member engagement.

                  Ultimately, all I would like to see is a more fun way for predictors to learn how to improve their accuracy.

                  There are two main types of members here. Members who come here to play the combos posted by their favorite predictors and members who create strategies and then post their predictions. When predictors are able to analyze different types of stats it helps them to improve the accuracy rate of their strategies. Higher accuracy leads to everyone making more profit.

                  Of course, both types of members get discouraged because they may be losing more than they win over time and eventually just give up. One way that I think will keep members motivated is if we had a predictions board that displayed more types of stats than what is currently displayed.

                  We should be able to determine who the most accurate and profitable predictors are. These changes are meant to be able learn from our stats in the most fun, challenging and rewarding way. Yeah we need to be as realistic as possible, however, we also need to have more room to challenge our imagination and creativity when developing strategies in the most organized way possible.

                  We can either add to the current predictions board or create another predictions board for predictors who want to participate in the Pick 3 Lottery League. Depending on how many members are regularly participating, having just one person keep track of everyone's stats for the day/week/month/year can be nerve wrecking. Someone would have to go through all predictions to verify it was valid and posted before the drawings among other duties. This is why I suggest that we ask/petition lottery Post to make a new top predictors board or at least add some of these changes to it. For any one member to keep track of all of this would be just too overwhelming.

                   

                  The parameters for the current prediction board now are based on your membership level.

                  •  Standard  (free): 10 tickets/lines per drawing
                  •  Gold  : 25 tickets/lines per drawing
                  •  Platinum  : 50 tickets/lines per drawing

                  We can make changes here to allow predictors to enter as many combos as they want. It only makes sense to keep your number of combos  as low as possible so you can make the most profit possible. Since there are only 1000 exact order possible combos then the maximum amount of combos that we can post should be 899. Since there are only 220 box combos, the max combos allowed to post should be 149. You have to keep in mind that you if go bust (over your budget) the game ends for you.

                  We need to have the option to play in Exact, Any and Exact/Any order.

                  *The cost play per combo on the current predictions board is $1. (Correct me if I'm wrong but that's what it looks like.) At this time, the top pick 3 predictor is Gopher07. Gopher07 has made 1,480 picks and the wager is $1,480. That to me looks like $1 per combo/pick.

                  *The winnings for an Any order hit = $40. The winnings for a Exact order hit = $250.

                  This is about learning how to master the game better. In order to do that in the most fun, challenging and rewarding way we need flexible parameters to practice at different skill levels. All we really care about is how much profit we can make. The profit and ultimately your skill level depends on the cost per combo and your budget. Let's make it so that the predictor can choose the price per combo so they can practice at different skills levels. We have to make things challenging but not too challenging that people just give up for lack of a rewarding experience. We need to celebrate even small progress. This is especially needed to for beginners because the less your combos cost the more combos you can use in your predictions which can lead to a more rewarding experience and a stronger motivation to keep practicing.

                   

                  We're coloring outside of the lines here which is the point.

                   

                  Possible prediction board options for skill level: Beginner

                  Budget: $1 - $2,000

                  Cost per combo: 25 cents

                  Winnings: Any Order hit = $37.50, Exact Order hit = 225, Exact/Any order hit = $37.50 + $225 ($262.50)

                  Once you've learned how to improve your accuracy at .25 cents per combo then you can choose a high difficulty level.

                   

                   

                  Possible prediction board options for skill level: Intermediate

                  Budget: $1 - $2,000

                  Cost per combo: 50 cents

                  Winnings: Any Order hit = $40, Exact Order hit = 250, Exact/Any order hit = $40 + $250 ($290)

                   

                  Now that you have practiced as a beginner and intermediate you can then move up to the big leagues as an experienced predictor.

                   

                  Possible prediction board options for skill level: Genius

                  (There's no way around it. If you can consistently make a profit with these parameters then that's exactly what you are; a genius)

                  Budget: $1 - $2,000

                  Cost per combo: $1

                  Winnings: Any Order hit = $40, Exact Order hit = 250, Exact/Any order hit = $40 + $250 ($290)

                   

                  In order to become better predictors we have to make detailed predictions because it forces you to be accurate in order to make a profit.

                  -We need to know the exact state(s) and drawing(s) that are included in your prediction. 

                  -People want to know when the forecast begins and ends.

                   

                  If you don't know this stuff already, you gon' learn today.

                  Most predictors never consistently win on the first drawing. To win on a regular basis it usually takes playing the same combos for a predetermined number of drawings within your budget. The longer it takes to win, the less profit you'll end up with due the fine law diminishing returns. I know this seems like common sense for some, however, even the best of us need to keep in mind how to minimize losses with a good system in place. The best way to keep your Return On Investment as high as possible is to use something like the Martingale Betting system. If you are not familiar with the Martingale Betting strategy then you truly are a rookie/beginner, which is ok. We all have to start somewhere. I advise you to go research what it is because it answers the question, how do you recoup your losses? The reason why you lose more than you win over time is because of your cumulative cost that adds up until you win.

                   

                  Here's an example of the martingale betting strategy for the beginners level playing 50 combos.

                  As you can see from the chart below, you have more chances to win and still make a profit. This is great for beginners to have fun and stay motivated while they practice creating better strategies. With a maximum $2,000 budget you can play up to 7 drawings and still make a profit. The whole point of this is to practice predicting within a range of drawings within your budget until you get accurate enough to win using fewer drawings and/or less combos in your forecast.

                  $ per combo onlineDrawing #Multiply combos by# Of CombosCostCumulative CostWinPROFITPROFIT divided by COST = ROIDiminishing Returns
                  0.251150$12.50$12.50$37.50$25.00200.00%<~~~~
                  0.522100$25.00$37.50$75.00$37.50100.00%<~~~~
                  $134200$50.00$87.50$150.00$62.5071.43%<~~~~
                  $248400$100.00$187.50$300.00$112.5060.00%<~~~~
                  $4516800$200.00$387.50$600.00$212.5054.84%<~~~~
                  $86321600$400.00$787.50$1,200.00$412.5052.38%<~~~~
                  $167643200$800.00$1,587.50$2,400.00$812.5051.18%<~~~~
                  $3281286400$1,600.00$3,187.50$4,800.00$1,612.5050.59%<~~~~
                  $64925612800$3,200.00$6,387.50$9,600.00$3,212.5050.29%<~~~~
                  $1281051225600$6,400.00$12,787.50$19,200.00$6,412.5050.15%<~~~~

                   

                  Here's an example of the martingale betting strategy for the Intermediate level playing 50 combos.

                  As you can see the cumulative cost increases until you win.  You are forced to significantly improve your accuracy and reduce the amount of combos in your forecast before you can be as profitable as you want to be at this level. There is very little room for error. Even with a maximum $2,000 budget, you have to win within only 2 drawings in order to make a profit. How much did you spend before you won? Are you in the black or the red at the end of the day/week/month? Playing >50 combos for 3 consecutive drawings is not a profitable strategy at 50 cents per combo.

                  $ per combo onlineDrawing #Multiply combos by# Of CombosCostCumulative CostWinPROFITPROFIT divided by COST = ROIDiminishing Returns
                  0.51150$25.00$25.00$40.00$15.0060.00%<~~~~
                  $122100$50.00$75.00$80.00$5.006.67%<~~~~
                  $234200$100.00$175.00$160.00-$15.00-8.57%<~~~~
                  $448400$200.00$375.00$320.00-$55.00-14.67%<~~~~
                  $8516800$400.00$775.00$640.00-$135.00-17.42%<~~~~
                  $166321600$800.00$1,575.00$1,280.00-$295.00-18.73%<~~~~
                  $327643200$1,600.00$3,175.00$2,560.00-$615.00-19.37%<~~~~
                  $6481286400$3,200.00$6,375.00$5,120.00-$1,255.00-19.69%<~~~~
                  $128925612800$6,400.00$12,775.00$10,240.00-$2,535.00-19.84%<~~~~
                  $2561051225600$12,800.00$25,575.00$20,480.00-$5,095.00-19.92%<~~~~

                   

                  Here's an example of the martingale betting strategy for the Genius level playing 50 combos.

                  This is exactly what the current Top Predictors board on Lottery Post is exceptI'm showing you the ROI which is the Profit divided by the Cost and the LotteryPost Top Predictors board shows you the Prize Ratio which is the Winnings divided by the Cost/Wager.

                  There's no way you can make a profit playing 50 combos at $1 per combo. I say this is the genius level because the only way to make a profit at this level is to significantly reduce the number of combos. This is awesome because you have no choice but to master how to be accurate with less combos which is what every great predictor strives to do.

                  $ per combo onlineDrawing #Multiply combos by# Of CombosCostCumulative CostWinPROFITPROFIT divided by COST = ROIDiminishing Returns
                  $11150$50.00$50.00$40.00-$10.00-20.00%<~~~~
                  $222100$100.00$150.00$80.00-$70.00-46.67%<~~~~
                  $434200$200.00$350.00$160.00-$190.00-54.29%<~~~~
                  $848400$400.00$750.00$320.00-$430.00-57.33%<~~~~
                  $16516800$800.00$1,550.00$640.00-$910.00-58.71%<~~~~
                  $326321600$1,600.00$3,150.00$1,280.00-$1,870.00-59.37%<~~~~
                  $647643200$3,200.00$6,350.00$2,560.00-$3,790.00-59.69%<~~~~
                  $12881286400$6,400.00$12,750.00$5,120.00-$7,630.00-59.84%<~~~~
                  $256925612800$12,800.00$25,550.00$10,240.00-$15,310.00-59.92%<~~~~
                  $5121051225600$25,600.00$51,150.00$20,480.00-$30,670.00-59.96%<~~~~

                   

                  According to the Top Predictors board, a member with 100% prize ratio just means they were able to break even. For example, it'll cost you $40 to use 40 picks. If you win then you'll win $40 which means you'll break even and your Prize Ratio will be 100% because you got 100% of your money back.

                   

                  Ok now to recap.

                  We have to learn how to be more profitable as predictors by being more accurate predictors. The best way to be more accurate is to gain insight from your stats as you test your strategy over time. Once we have more statistical insight floating around here, then there will be more members making a profit here, which will draw in new members to grow our community.

                  I don't feel that running a game in the forums is the most organized, fun, challenging and rewarding way to go about things. This isn't just about starting a league. Like I said in the beginning of this ridiculously long post, this about creating a better way to have fun while we master the game.

                  Making these changes will make it easier to learn from our stats and practice creating more accurate strategies.

                  1. Unless someone wants to volunteer to keep track of everyone's stats then it'll be best to ask/petition Lottery Post to consider creating a new prediction board or adding to the existing one.
                  2. In an effort to make learning how to be more accurate predictor more fun, challenging and reward the options for the prediction board should include...

                  a. the option to play in exact order, any order and exact/any order.

                  b. the option to post up to 899 exact order combos and 149 any order combos.

                  c. the option to play at .25 cents, .50 cents and for $1 per combo.

                  d. the option to post for more than 7 consecutive drawings.

                  e. the Top Predictors board should also include the Profit, ROI and maybe the account balance of each participating predictor.

                   

                  And that's it.

                   

                  If you see any corrections that need to be made then feel free to let me know.

                   

                   

                  Terms

                  Return On Investment (ROI) = The ratio be the profit and cost.  Profit divided by the cost

                  Diminishing returns = Basically, the more input/combos you play for each drawing until you win the lower your ROI gets.

                   

                  Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

                  When intuition and logic agree, you are always right. - Blaise Pascal

                  39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

                    Avatar
                    Arvada, CO
                    United States
                    Member #195026
                    January 7, 2019
                    99 Posts
                    Offline

                    That was a long read but necessary. So how do we go about petitioning? What can I do to get the ball rolling?

                      lottointuitive's avatar - Be 20patient%20You%27ve%20won%20win.gif
                      Thread Starter

                      United States
                      Member #140167
                      March 12, 2013
                      6893 Posts
                      Offline

                      That was a long read but necessary. So how do we go about petitioning? What can I do to get the ball rolling?

                      Yeah I had a lot on my mind that day. I've never made a petition before. I'm sure it can't be that hard. We'll be asking for more options to be made to the existing predictions board which is a big deal. The only way I see that happening is if we can get an unbelievable amount of people to sign the petition. Basic supply and demand. If we can get enough people requesting changes then who know what can happen.

                       

                      I see there are 199,761 total members on LP.

                      The record for members logged on for one day is 89,552 which is 44% of 199,761.

                      I don't know. I was trying to think of a good number of signatures we would need to make it a petition that can't be refused. It would have to be a enough to make it an automatic heck yea.

                       

                      Hmmm it's interesting to see that January 13, 2016 is the day of the largest Powerball jackpot ever. Apparently, just just like lottery sales spike when jackpots are high so does Lottery Post traffic.

                       

                      So yeah are you or anyone else good with writing up a petitions? I'm sure we could come up with something to get the ball rolling. Unless you have something else in mind.

                      Who is the best Predictor? find out>The Predictor's League (develop, test & demonstrate your abilities then let us verify your results)

                      When intuition and logic agree, you are always right. - Blaise Pascal

                      39 winning forecasts in a row posted so far. Forecast #40 is coming soon here-> Pick 3 Forecast (Multiple States) 13th Edition

                        Avatar
                        Arvada, CO
                        United States
                        Member #195026
                        January 7, 2019
                        99 Posts
                        Offline

                        Well is would help if we could find out what other players may want as well... i think their input would help with getting people to sign it. I can't say I am good at writing a petition but I am willing to research how to write one... iDk how we would capture the signatures either... or how to get the petition to Post players. If you could help me think this through, I don't mind drafting a petition. I know you are busy predicting... i am busy trying to balance my job and working on my algorithm/strategy.  Anyway... I am down with helping in anyway.

                         

                        Thanks again