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hot lotto

United States
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April 5, 2004
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Apr 9, 2004, 7:03 am

So What is optimal strategy in lottery investment?
JohnC

Melbourne
Australia
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February 14, 2004
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Apr 9, 2004, 8:21 am

Hi Hot Lotto,
I don't know the answer to this question.....wish that I did !! However, what I've done over the last few years is to increase my stake as the prizes grow larger. I always play quick-picks and in Australia they offer 12, 18 and 24 game quick-picks (as against 5 games in the US).
So what I tend to do is but say 24 the first week, 36 the second, 48 the third etc and return back to 24 when Division 1 has been won. This system seems to work quite well for me and I've run it close on more than one occasion.
The only problem with this strategy is my recent discovery of US Powerball and Mega Millions. Because of 1) The length of time that these lotteries can run between jackpots, 2) The extra expense involved as I still like to play the Australian lotteries and 3) My limited finances....I can't maintain this strategy five times a week.....so I content myself with staking roughly the same amount on each lottery each week.
BobP

Dump Water Florida
United States
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June 5, 2002
3,580 Posts
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Apr 9, 2004, 10:07 am

Concentrate on winning a Pick-5 jackpot so you can play Pick-6 right. BobP
hypersoniq

Pennsylvania
United States
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April 6, 2003
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Apr 9, 2004, 10:47 am

wager a little, win alot... that would be optimal
I'm lost as to HOW though...

Have an EXCELlent day!
golotto

Wisconsin
United States
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June 3, 2003
668 Posts
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Apr 9, 2004, 12:13 pm
my-pick + quick-pick = my-s
```
... the lottery never fails to surprise!
```
Jake649

Canada
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November 2, 2003
497 Posts
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Apr 9, 2004, 3:41 pm

Best strategy?
Play lotteries with the highest expected value.
A way of optimizing this strategy is save the money you would spend on lotteries on a daily or weekly basis. Then when a lottery opportunity comes along with a much higher than normal expected value, spend all the money that has been saved to date.
Good luck,
Jake
hot lotto

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Apr 9, 2004, 5:46 pm

As far as I am concerned, The optimal strategy is thru lottery pool.Get people's money together,and buy the tickets with highest expection and guarantee.And If you agree with me,How many tickets would be the optimal ones to go invest?I find there is a limitation of 10 picks on lottery prediction section.Maybe 10 picks would be a a little bit too less to make a winner thru lottery pool.I think 50 picks is the optimal.If theres 10 people who are intend to buy 50 tickets.It only cost each one 5 $ a time.
hot lotto

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April 5, 2004
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Apr 9, 2004, 6:18 pm

Quote: Originally posted by BobP on April 09, 2004

Concentrate on winning a Pick-5 jackpot so you can play Pick-6 right. BobP

Because of formula advantage and bonus ball restriction,Pick5 jackpots could be more earlier to be cracked than Other Lotto Kinds.So I would completely agree with your point and think lottery pool should start with pick5 at first before they win big.
hot lotto

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April 5, 2004
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Apr 9, 2004, 7:23 pm

Besides,The Jackpot success of Lottery pool on the lottery site would bring unbelievable $$$ to the site even if the tickets were not to be brought.
keystonechas

Columbia,Pa
United States
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January 27, 2004
372 Posts
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Apr 11, 2004, 7:18 pm

What ever you feel comfortable with. The majority of my lottery budget goes to the Pa Cash5 5/39 game. Much lower odds and effective wheels reduce those odds even lower.
Powerball: I play $1.00 per drawing until it rolls over the 200 million mark then I up the ante to $2.00
Pa Match 6 I wait for a rollover of 1.5 million then play $2.00 (one play). If it gets above 2 million I'll kickin 4 bucks.
Play responsibly and have fun, Chas
RJOh

100

mid-Ohio
United States
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March 24, 2001
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Apr 11, 2004, 8:01 pm

Never play more than you can afford to loss because odds are you are going to loss.
RJOh

* you don't need to buy every combination, just the winning ones *
hot lotto

United States
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April 5, 2004
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Apr 11, 2004, 9:20 pm

That's right.I played 68 tickets yesterday on pick6 and 34 tickets won 2+1.And I gained more than I invested.
50 are the best number to play!
RJOh

100

mid-Ohio
United States
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March 24, 2001
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Apr 11, 2004, 10:29 pm

hot lotto,
Where are you playing that pays anything for a 2+1 in a Pick6 game?
RJOh

* you don't need to buy every combination, just the winning ones *
hot lotto

United States
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April 5, 2004
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Apr 11, 2004, 10:34 pm

Sorry,Its a 5+1 lottery.For me,a 5+1 lottery is a pick6 lottery because of the odds are the same calculated in my system.I just added 3 last bonus balls and one is correct.So 34 tickets hit 2+1 and I earned more than I invested

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