Topic: Lotteries and possibility vs. probability - page 20. (Read 6269 times)

Exactly. Even if we decide to bet football match(for example) like as lottery - without any analyze, there are only 3 choices, so our chances to win 33%. There are different situations but i`ve never seen such chances in any lottery. Of course the prize in lottery much higher, but you can`t predict it and in the sports betting you can get information to analyze the match and increase you winning chances.

With lotteries there are higher rewards for less efforts,  because lotteries doesn't requires any form of analysis from the participants all the he need to do is to select a number and wait for the outcome if his selected number become the winning number and as for as they is you don't need any efforts.

But in gambling games or sportbets,  the gamblers must have to make some analysis of the games and at that you have to put in a lot of efforts to make the right predictions.

All matter with preference though on which it would really be just that common that choices will really vary on each people on which there are some who are really that a fan on dealing with lotteries and there are ones

who do much prefer on making some betting on sports or simply playing with casinos which does give out that instant results on which it is really just that a matter of choice and this is why we cant really make out conclusion that majority would really be loving on playing on lottery. Even myself would really be that still skeptical when it comes to this one which it does really have that slim chance on winning or hitting jackpot on which it might really be that even might take you forever or your lifetime which you cant be able to hit it up and this what makes people do really get discourage on buying tickets but we know that on the other side of things on which there are ones who are really that persevere and dont mind about spending those amounts in buying tickets on which they are really that positive that they could be able to hit up those combinations
and that what makes people do really sustain on playing even for how many consecutive years. Its not wrong as long you dont spend too much on tickets on which it do comes into a point that amounts
are already significant.

Usually people like lotteries because they don't like analyzing games and predicting too much. Likewise, people who like casino games and sports betting sometimes don't like lotteries. It's true that lotteries are not as easy as getting direct profits from games that are analyzed and predicted. , because the lottery is based entirely on luck.

So you can't fully expect to play the lottery, especially since the expectations are very low compared to when we gamble in casinos and sports betting, besides that there is no full adrenaline rush in lottery games that most of us feel when playing online gambling and sports betting, it all comes down to individual choices. people, I prefer sports betting because it is more logical and very easy to make a profit there compared to playing the lottery.

It is very difficult to win prizes from the lottery because it requires luck and we know that luck will only come to the right people. Maybe it is a once in a lifetime experience to be able to win a lottery prize, especially if we can win the jackpot prize. I remember how my grandmother managed to win a television, which in those years was still a luxury item from the lottery. And she was very happy because she could replace her old television with a new one. But after she bought her lottery tickets again for a few months, she didn't get any winnings at all and that made her stop buying lotteries.

I have also tried lotteries many times in the past but luck is not on my side. After many attempts i decided that if I bet such amount on a gambling site, I would have some chance of winning, but not the lottery even many people have won the jackpot or the lottery. So investing my lottery money seems like just a waste of money to me. This is my personal opinion, many may disagree with my opinion. But to those who believe in lottery, I would say that if you have money, you can spend a small amount of money on lottery.

Sorry, I don't agree.

Are they a different kind of game? Yes, but it is false that to be considered a "game" it has to be based on ability, and many games don't work like that (bingo, slots, crash, roulette...). Maybe you have a better name for these games, but I think that most of us will agree that they are games.

For me I can't categorize lottery into the class of game,  because as far as I know lottery has nothing to do with any form of technicalities that qualify it to be called a games since lottery most time is all about selecting a lucky winning lottery number or tickets,  this is why lottery is pourly based on luck to win.

Unlike like in sportbet,  where you can make games analysis and predict the possible winning team in the match,  so of course football betting is far more easier to win than lottery and that is why we have frequent sportbet winning compared to lotteries.

For many U.S. lotteries, approximately 50% to 60% of ticket sales are returned to players in the form of prizes. This means that for every dollar spent, only $0.50 to $0.60 is returned to players on average, and $0.40 to $0.50 is "lost" from an EV perspective.

This is significantly worse than any gambling game in any casino or slot.

Lottery is actually the most difficult game to win as long as gambling is concerned, that is, ones chances of winning the lottery is way lower than the person's chances of winning a huge amount of money through slot, casino or sport betting games, no matter how small the amount of money is, winning the lottery remains the hardest, and it's usually the most extreme lucky participants that win .

Note that in slot games, casino games and sports betting, one requires luck to win, but in lottery, one requires extreme luck win, I played a local lottery  game consistently for over 3 years and never won a dime, not to talk of the jackpot .

Of course they have expenses, but 50% it is too much anyway. And i agree that if it is government lottery - the part of the profit will return to us anyway, as some kind of reinvest. This is the only type of lotteries that is possible to buy.


Yes, it is business but we can choose ourselves how rich the owners can be. If we don`t buy tickets - they have to increase the quantity of winners and prizes.


Yes. The winning depends on luck, but losing is stable. I`d prefer not to lose these money and invest these money. As for me it is more profitable than believe in luck.

Thats not the case here in our country on which lottery prizes or jackpots doesnt able to get that huge or big unlike on what we are seeing on powerball knowing the odds isnt something that you could really be easily to hit up those combinations which it is really that totally opposite on what we do have here because even a week or even on some few days on which those jackpots is really that been hit up on which it would really be bringing or raising up the question, arent these organizations or lottery management really fair? Or they are the ones who do claim out those winnings on having those dummies and able to hit up those numbers?
Its bad to point out some fingers though if you dont have that sufficient proof but on just sensibly be knowing about the odds on hitting the lottery then it cant really be just that too easy on hitting those numbers
on a short time frame on which you would really be having those questions about fairness. This is one of the reasons on why i had stopped on making out some lottery bets due to this one.

It seems odd for a private corporation or individual to take 50% of lottery proceeds, no? Lotteries give many people hope, a tiny investment in a dream. Even with clear operations, managers collect disproportionate amounts of money. However, government intervention to safeguard the public interest changes everything. In this instance, the lottery can benefit everyone. You were right: government trust is crucial. If people believe the money will help the public, the tale changes. However, everyone must know how the money is used. What you say makes me think we should examine the underlying purposes and behaviors of lottery systems, whether controlled by people or governments.

There are many gamblers who bet on lotteries everyday and that's the reason why if there's no winner in the specific days or in a week then the grand price will be bigger and bigger until there's a lucky one or even many people will win and then the price will going down. But there are many combinations in the lottery which is we can not say that we can hit the jackpot once we put out bet so it's all about our lucky if we are the winner or not.

That's because lottery is a difficult gamble, depending on how many numbers are needed to hit the jackpot the probability of hitting it grows bigger so it's understandable why no one was able to repeat the same stuff in your state for a long time. The reason that I can think of why people that are winning these lotteries online is because the programming in that lottery is in a way that there will be a winner and it's much easier to win since it's machine.

Lottery organizers will always take aside their own share of the money before paying who ever won the lottery, except its a lottery run by a charity organization that have other ways they are funded..

Every single person in gambling is here to make money, both those who own the casino, and those who are playing on the casino, I know some gamblers see gambling as just one of the ways for them to have fun, but the truth is that, they are never angry when they win money, but very happy, so this shows that we all need money regardless of how we see gambling or believe gambling to be .

If we go through the terms of service of an established lottery company where lottery is a serious business for them, they often make public that either they own a percentage on every ticket bought, or at the end of the whole thing, they own a percentage in the total amount won by the winner or winners individually or collectively ..

It is from this funds they are able to keep the system running and also cater for themselves and their families; for no body runs a business to continually loss.

I agree with you that it is not fair when it is an individual (or a company held by a few individuals) who gets half of the money. Every time a draw is held is the same as if they were the lucky winners? I assume that there are big expenses attached to running a lottery, but still, we are talking about a 50%. Maybe not cheating, if the rules are public, but still not fair. But as long as people keeps playing, I'm not sure if we can blame on them.

A different thing, from my perspective (I know many members distrust any kind of government), is when a certain government of a social and democratic state runs it and holds the 50%, which is the case in my country. That money will be reinvested in the people, better or worse, but that's important to me.

But getting a win from the lottery is teh prsentation very small, and you can see for yourself that of the hundreds to millions of people who participate, no one really wins, at most they get two numbers or three numbers for the prize they can receive.
And the ridiculous thing is that they play the lottery dreaming of changing their lives overnight, that's a funny thing in my opinion.
I think it's better in a casino because there are many examples of cases, even though the winnings you get are not big, they are enough to have fun, but if you have the same thought that gambling is to change your fate in life, that is a bad idea, and it certainly won't work. at that point even if you get a big win.

If it would be so, we wouldn`t see so big choice of the different lotteries. In my country the profit from the lottery mustn`t be more than 50%. This is the profit to the owner. Due to such people like you, who see it as giving money the owners get their millions. It is not problem for me to spend $5, the problem is that i get nothing for these money and someone get this money from me, you, other gamblers and becomes rich. As for me it is the same as cheating.

I hard a real life experiences pf someone who won the Americans lottery when I was a little young but since then I haven't hard of anyone that hit such jackpot again in my region,  but on a number of occasions,  I ha e seen gambler winning lotteries in online casinos where they are lucky to win a small amount and I haven't seen anyone that have really won a life-changing jackpot just like I experience in my early life with American lottery which seems to be the most popular offline lottery here.