|Posted: July 23, 2004, 10:54 am - IP Logged|
Let's call it the "it takes money to make money" method.
1) Generate the Pick 3 numbers with your favorite number picking software.
2) Play $100 worth on EACH drawing (make certain you are playing 100 unique numbers... no duplicates).
3) Play them straight, so you get $500 if you hit.
4) Do that for a full week (let's say six days), twice a day if your lottery has two Pick 3 drawings each day.
You'd spend at most $1200, with the potential to win $4800 profit (taking out the $100 you're spending each day).
To break even (and actually make $300) you'd only have to hit three times out of 12.
Obviously the real trick is the program that picks your numbers!
Has anyone ever tried this? I've been thinking about it, and was just curious if anyone else ever had.
And since I seriously suck at math, I have another question.
Pick 3 odds are 1 in 1000. If I play $100, my odds are 100 in 1000. Is it considered correct mathmatically to reduce that down to 1 in 10? So is it correct to say that by playing $100 my odds go from 1 in 1000 to 1 in 10?