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Has anyone tried this?

Topic closed. 9 replies. Last post 12 years ago by Pinback.

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Pinback's avatar - driver
Ohio
United States
Member #5810
July 22, 2004
120 Posts
Offline
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?

Thanks...

    Pinback's avatar - driver
    Ohio
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    Member #5810
    July 22, 2004
    120 Posts
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    Posted: July 23, 2004, 11:49 am - IP Logged

    NBey6 - That's true, but I think the secret may be in finding the "sweet spot" where you bid little enough to make a profit on as few wins as possible, but enough to make the odds worth playing.

    At $50 a game the odds are 50 in 1000 or 5 in 100 (unless someone is going to tell me my math is screwed up and I can't reduce that way).  The difference between 5 in 100 ($50) and 1 in 10 ($100) is HUGE!  On the other hand, going to $200 per game only takes the odds to 200 in 1000 or 2 in 10.  Going from 1 in 10 to 2 in 10 is NOT that big of a jump, especially for an extra $100 per game!

    Guess I'll need to do some "simulations" (i.e. don't actually bet money) for a few weeks and see what happens...

      Pinback's avatar - driver
      Ohio
      United States
      Member #5810
      July 22, 2004
      120 Posts
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      Posted: July 23, 2004, 12:26 pm - IP Logged

      I've decided I'm going to simulate this for a week and see what happens.  I'll post the results here for all who are interested.

      I'll play the Ohio Lottery Pick 3 Mid-day and Pick 3 Evening games, putting $100 (simulated) on each for six days.

      The numbers will be picked by my computer, using my favorite number picking software.

      The first results are just minutes away!  <g>

        Pinback's avatar - driver
        Ohio
        United States
        Member #5810
        July 22, 2004
        120 Posts
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        Posted: July 23, 2004, 1:29 pm - IP Logged




        23-Jul
        Mid-dayEvening
        -100
        24-Jul
        Mid-dayEvening
        26-Jul
        Mid-dayEvening
        27-Jul
        Mid-dayEvening
        28-Jul
        Mid-dayEvening
        29-Jul
        Mid-dayEvening
        Total win/loss:-100
          LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
          Tx
          United States
          Member #4570
          May 4, 2004
          5180 Posts
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          Posted: July 23, 2004, 5:20 pm - IP Logged

          You are going to waste a lot of money unless you are lucky and or have a good way and or program to get the numbers with, I would never just try playing any numbers, I pick my numbers very very carefuly with my special system, I would never just buy any combos.

          BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

          "Ten measures of beauty descended to the world, nine were taken by Jerusalem."


            United States
            Member #3676
            February 10, 2004
            425 Posts
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            Posted: July 23, 2004, 6:01 pm - IP Logged

            If you are going to do this then do it on an online site such as where the payback % is 90%.  There is no  way in long run you can beat a game that only has a 50% payback.  Play in Iowa where they pay 60% back.

              gilla's avatar - radar

              United States
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              August 13, 2002
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              Posted: July 23, 2004, 7:10 pm - IP Logged

              How good are you at picking the first digit?  Be more fun to put a $100 on one number..Let's do our homework, lol...you want to buy some of my beans?

                 

                  gilla

                Pinback's avatar - driver
                Ohio
                United States
                Member #5810
                July 22, 2004
                120 Posts
                Offline
                Posted: July 23, 2004, 7:48 pm - IP Logged



                23-Jul





                Mid-day



                Evening



                -100



                -100







                24-Jul





                Mid-day



                Evening











                26-Jul





                Mid-day



                Evening











                27-Jul





                Mid-day



                Evening











                28-Jul





                Mid-day



                Evening











                29-Jul





                Mid-day



                Evening















                Total win/loss:



                -200

                  Pinback's avatar - driver
                  Ohio
                  United States
                  Member #5810
                  July 22, 2004
                  120 Posts
                  Offline
                  Posted: July 24, 2004, 1:08 pm - IP Logged



                  23-Jul





                  Mid-day



                  Evening



                  -100



                  -100







                  24-Jul





                  Mid-day



                  Evening



                  -100









                  26-Jul





                  Mid-day



                  Evening











                  27-Jul





                  Mid-day



                  Evening











                  28-Jul





                  Mid-day



                  Evening











                  29-Jul





                  Mid-day



                  Evening















                  Total win/loss:



                  -300

                    Pinback's avatar - driver
                    Ohio
                    United States
                    Member #5810
                    July 22, 2004
                    120 Posts
                    Offline
                    Posted: July 24, 2004, 9:22 pm - IP Logged




                    23-Jul
                    Mid-dayEvening
                    -100-100
                    24-Jul
                    Mid-dayEvening
                    -100-100
                    26-Jul
                    Mid-dayEvening
                    27-Jul
                    Mid-dayEvening
                    28-Jul
                    Mid-dayEvening
                    29-Jul
                    Mid-dayEvening
                    Total win/loss:-400