Topic: Lotteries and possibility vs. probability - page 22. (Read 6269 times)

There is no difference between lottery and other gambling and there all belong to the same category There is no difference in the both, since even though no matter how little the price are on those lottery tickets it doesn't reduce the risk of losing and ultimately leading to high loses as every other gambling games.
Because on several occasions, many of the lottery players will buy into multiple lottery tickets to keep themselves ahead of the game at all time.

Both Lottery betting and those casino games are gambling but its true that it is really that completely different on how things to be done and those expectations will really be in between instant and have a specific

period of time on which it would really be giving out that kind of thrill and this is where it would be falling whether a certain individual would really prefer on having those fast or instant results but not really that much big of a return or winning or into those lotteries which does provide that very slim chance of winning but having the chance of changing your life financially? This is where lies your interest which one
would really be the thing you would really be involving with but its not really that not an issue since you could really be able to do both if you do like.

Just really that bare in mind that lottery winning chance is almost close to impossible, this is why it would really be always that ideal that you should not really
anticipate or expect much so that you wont really be ending up on getting disappointed.

You know, I've always compared lotteries to those foods you make in a slow cooker. takes time, but occasionally the wait rewards you with something delectable! Throughout casino games? They're like those microwaveable snacks: exciting, exciting, and sometimes a little disappointing.

I understand your perspective. When you buy lottery tickets, you wait and the results dont constantly loom over you. However, with casino games, you can instantly win or lose. Different strokes for different people, as they say. Whatever you decide, just make sure to sail carefully.

Lottery is a part of gambling, and it all uses money. Even though you say the price of lottery tickets is not expensive, if someone buys a lot of lottery tickets, he also has to use a lot of money. It's the same if you play slots, for example. You also use a certain amount of money to play slots without knowing when you will win.

But even though slot and lottery games are both based on luck, each of these gambling games has its fans. Slot and lottery games both require time to play. Perhaps the difference is that we only need to buy the lottery ticket and wait for the results to come out a few days later. Meanwhile, to play slots, we have to play them and wait for the results to come out.

I think that Lottery itself is not an addictive form of gambling. I mean, you know that your chances are near to zero, doesn't matter how many tickets you buy, you will lose 99.9% case and if you win the jackpot, you really win the amount that is necessary to fulfill your financial dreams and give you an ability to buy an expensive house(s), start a business and live life without fair of what if food gets expensive.
So, lottery is once in a lifetime kind of reward while traditional casino games, like BlackJack and Roulette are type of games that reward you instantly or make you lose your bet. This is very addictive, when you double your money, then you want to double it again and increase 4 times, then you lose all, then you start it over and over again and you can play them anytime and do as many bets as you want unlikely from Lottery. It's not really addictive to fill Lottery tickets.

As long as the maths behind a certain game are not rigged, you are right that not only lottery but other games used for gambling are based on pure luck and designed to make you lose in the long run. At least, with lotteries, the few lucky winners who hit the jackpot can forget about keeping playing because they hit their goal, so there is no need to keep playing (and, therefore, lose it all in the long run).

I don't know what you are saying, but lottery and gambling are the same thing and have the same meaning without the slightest difference.
Maybe what you mean when you differentiate the lottery from other games is because the lottery is a game that relies entirely on luck to win without us knowing at all about the opportunities that exist so it tends to give the impression of wasting energy and money.
It's just that most gamblers choose the lottery to get the jackpot which can come when luck is on their side.

The first thing that always happens is that a gambler will prioritize gambling activities whether in the form of games or betting, but they can be very generous without even thinking about how much money they spend in a day of gambling.

The possibility of us winning lotteries is very slim and it's all about how lucky we are in the system. Lotteries are definitely out of the picture here, it's all about luck ratio while gambling depends mostly on our strategies, we ought to utilized the suited one that would best be comfortable for us. Gambling is risky, we already know what we gotten ourselves into because wagering on games. We spend alot on gambling which we're unaware about. We often feel remorseful about our actions but we keep triggering wagers on more games because we're eager to reach our targets.

Lottery games are based on pure luck. Don't believe anyone who tells you otherwise. He is either lying or trying to sell you some fake strategy.
If your friend can do some magical calculations and win the lottery then he would the richest man on earth. Sorry, but I am having hard time to believe that. Do you mind explaining more about what he does exactly to predict the winning numbers! This would be interesting. Although, as I said, I'm convinced it won't work.

If we are to have a look on lottery vs gambling we could arrived at difference which are actually part of what makes it difficult to know which and which is not supposed for us to go for in other not to waste out efforts on application or money on gambling, i know what most of us spend in a day is more than we spend a on gambling or even lottery as long as we are using money to secure a slot for its application or money for gambling.

I was thinking even less: $1 per week = 50 dollars per year = 500 dollars per decade.

Depending on the type of lottery there can be daily draws, weekly ones, or even yearly: in Spain is very typical the "Christmas Lottery", at 20€ per ticket, and people often buy several tickets.

That means that the person who buys a pair of tickets for Christmas would be able to play the whole year for the same price in the weekly lottery. But, of course, those who play every day are wasting their money: they don't dream from time to time with the prize anymore: they are looking for it, or worse, obsessed with it.

Just like the rest been saying that when it comes to financial capability then each person does have that different kind of threshold when it comes into the amount that they could willingly spend on buying those lottery tickets on which there would be those ones who would really be able to afford on spending $5-20 per day or to those who do just simply stick with a buck for them to be able to play or make bet at least.
Although it doesnt really mind much because even 1 or 100 tickets doesnt really assure out a hit which just been said that luck would be the biggest or main factor for you to be able to hit up the jackpot.
If you could really just simply move on and dont mind about those money that had been used on betting on lotteries then it should really be just fine. Dont make yourself that too hopeful when it comes to those jackpot amounts and dont keep imagining on how you would gonna spend even if you dont be able to hit those combinations. Sometimes daydreaming is really that something we do able to picture out and this what motivates us to bet even more because of those kind of beliefs.

$1 per day is $350 per year. Here we often can see how some coin raises x10 per week. So it is not so small sum as we think. And if we`ll analyze our every day spending, we can find $5-20 per day that we spend for nothing. Of course it not only buying lottery tickets but the result can be awesome, if we can control this spending and use it cleverly.

We do have tons of beliefs and other behaviors on which we do really have that kind of hopes that it would really be contributing with the luck factor which might be able to hit up those jackpots. This would really

be a continous kind of behavior on which it would really be applied most of the time on the time that you will really be buying tickets on which having this kind of approach. Some do withstand those loses on every draw and persevere out on buying even more. Its not bad to spend up $1 per day or two bucks for buying tickets since these are really just that a  small amount which it is really just that right that you wont really be bothering yourself on the time that you would really be making up some bets and loses up on the same day or on every draw. The only wrong thing on here is on the time that you are spending that much
which its never been recommendable.

You would really be needing all luck in the world if you are really that serious on hitting that jackpot. This is why its better not to make yourself that too hopeful on things.

Well, a friend who has that kind of ability, of talent, because it shows that he takes care of his health, it's not that Catalan food is bad, but boy, sometimes I need a little of that, because it is very delicious, Although I prefer to do it at home to save more and so that I can repeat much more, however, the investments that your friend makes I imagine that it is in tading, or in Real Estate to have a good return, of course the investments cannot be only in trading, or in a stock market, can also be in other businesses that only he knows, but in this case the annual costs can be calculated and turn out to be strong, it comes out high figures, the important thing is that perhaps he took out that account and it gives him more results to lead the life he has until now, because this way he makes more money and can make more investments, but I consider something, life is not only investment and having the money there, it must also be considered some tastes, I have read some books from Livermore and he earned big, and therefore he had a way of spending his money, he took 50% of the profits for his enjoyment, to use the money he had earned and he left 50% in trading, which It wasn't bad because at first he thought that he earned a lot and only invested it, he didn't see it, but when he lost it in a moment, he realized that part of the money had to be taken out to enjoy, he went out to the beach, He traveled, he saw his money and that was how he could Enjoy his money and it was not bad at all.

Now m, if your friend applies something like this , he will do better, it would change his life too, and you should also tell him that at least he teaches you well what he does so that you also win, if he is a friend and if he is a good friend I think he won't have any problem teaching you, if he discovered that I don't think he'll let it go to you , those types of people are the ones you have to value a lot, and learn from them, because maybe now they'll help you and later you'll help them. For him, you always have to see that he who does well will always do well.

Attitudes like your friend's are well known to be good strategies (politics) if you can hold to them for the long term. Don't eat outside as a rule, don't pay for pluses in insurance plans... and, of course, don't gamble.

But in the case proposed, the amount to be spent in lotteries is ridiculous, so it wouldn't make any difference, even in the long term (50€ a year is 500€ in a whole decade, which is not much).

But I agree that 500€ here, 4,000€ from not eating fast food, 1,000€ from savings in insurance plans, etc. can make a difference (not just lottery alone, unless you spend a lot on it).
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I can`t say that he is clever like the PC. He mostly like the machine - no emotions, just maths and analyze. He is clever enough to decide what is interesting for investment and he plans his life for 20-30 years at least. And i`m sure that nothing will stop him. He can gamble, but it would be just a part of strategy or, probably, it would be a chance to some new investment. It is too difficult and dull for me, but the result is really great.

That's just one example he uses to make his point. But whatever it is, we know that the lottery game is based on luck, so we have to rely on luck to have the chance to win and win the jackpot. The chance of becoming an overnight millionaire is much more valuable and tempting for us to use the money we have to buy into the lottery so we can have that chance to win the jackpot. And until now, there are still many people who hope to win the jackpot, which makes them continue to buy lottery tickets even though they don't know when they will win the jackpot. They could win a small prize first before they can win the jackpot prize or immediately win the jackpot prize and it depends on the amount of luck that comes to them. If their luck is very big, they will be able to get the jackpot straight away. So it's natural that many people are still tempted to play the lottery because they still hope to win the jackpot prize in big money.

Honestly, these people are very privileged, if you Realized that money is in the investment, then you are on the right path, these types of friends are the ones that one as a player, as a person should surround oneself, I have particularly been in circles of friends that in my case I have shared what I know so that they can do that business and benefit , or if there is a particular type of work to do, I offer it to them so that they have Access and can Benefit, but as a person I hope the same treatment, I always hope that they can come and share their knowledge, and that everything is in order to make money and that everyone does well, but unfortunately I have discovered that all those people who in a moment have been benefited thanks to my influence and my discoveries that the process is not reciprocal, that is, they do not share, and in fact it is even more obvious that members of my family are like that too, which is unfortunate, disappointing and exhausting, so let's see this ipod and Friends are the ones who should be valued the Most , in fact the people who are like this and who share always do well, but they are the ones who receive the most kindness, so these kinds of things are what should always be considered.

So outside of this, things always point to having certain Probabilities in casinos, I just Imagine that if your friend Joins in doing a Statistical Study, hand in Hand with the help of an AI to do the Pertinent calculations, you can read to good results , I don't know if it has something to do with the bes t, but this type of ´Person can calculate many things, and as you say, that he is a person who has a PC in his mind, it means that he is very bright, how fast He understands how the machine systems are, the algorithms and how everything works, so in particular these types of things are the ones that must be taken into consideration in order to establish a sharing method when it comes to the possibility of winning the lottery, progress would be being made much more, but of course , taking into account the random, which is Essential.

The fact of spending 5/10 spare bucks in lottery, when a single ticket would cost 1$, is what I mean lacks the understanding on probability (even if you spent 10k it wouldn't be enough to win a big prize.

It is true that lotteries have nothing to do with strategy and analysis, but this way is harder for the players to fall into a false sense of control (apart of some magical thinking about certain "lucky" numbers). The only way to increase the odds is by buying more tickets, but we've already seen how this doesn't make any sense in terms of probability.