Topic: Lotteries and possibility vs. probability - page 26. (Read 6269 times)

Among these two ways, I think the latter is futile.  It gives us more chance of winning by relying upon our luck than analyzing the number that will come out during the lottery draw.  I think in this game, being consistent gives more chance of winning than rubbing our crystal ball to see which will be the next lucky number to be drawn.

At least in slots, you have more chance of triggering a bonus round than buying multiple lottery tickets and hitting the jackpot.  But regardless, as long as we enjoy what we are doing without exhausting our finances, I think it is ok which ever gambling games we preferred.

Among these two ways, I think the latter is futile.  It gives us more chance of winning by relying upon our luck than analyzing the number that will come out during the lottery draw.  I think in this game, being consistent gives more chance of winning than rubbing our crystal ball to see which will be the next lucky number to be drawn.


At least in slots, you have more chance of triggering a bonus round than buying multiple lottery tickets and hitting the jackpot.  But regardless, as long as we enjoy what we are doing without exhausting our finances, I think it is ok which ever gambling games we preferred.

I have been playing lottery gambling for quite a long time. Indeed, in this gambling the chances of winning are very low, but the prizes offered in this gambling are quite tempting, it can be many times the amount we risk to buy lottery tickets. In this gambling we do two ways to win the lottery. First, rely on luck by continuing to put the same numbers in every draw continuously and. Second, we can rely on knowledge and ability to analyze the possible numbers that will come out.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

But in lottery games, the system is entirely different, they system of lottery is so designed that the casino never loses any thing but make profit, just as you have explained above, people spend their money to buy lottery tickets, this money would be gathered together and what ever amount is raised by the end of the day becomes the lottery prize which would be divided and shared amongst the winners (this is if there are more than one winner), after the casino have removed its commission from the prize money.

I am never a fan of lottery gambling.  I never bought a single lottery ticket in my life although I watched my parents trying their luck on the national lottery, I am never attracted to it since I think that it is a waste of money since the chance of winning is very low.  I think that it is better to spend the money elsewhere than give it away to the gaming corporation.


For those who have self-control yes, it is easier to control but I found several people spending almost all their earnings buying lottery tickets and then their will borrow funds for their basic needs, and even asking to credit canned foods from the store because they are lacking of fund due to overspending to buy lottery tickets.

Practically, this how most, if not all, gambling games work. The casino get its commission and pays the winners from the losses of other gamblers. In lotteries, million of tickets are being sold every day/week (depending on the lottery). If tickets are being sold for $1 each then we are talking about millions of dollars. The lottery organiser will take Its commission and give the rest to the winner. This is why the won amount changes from week to week.

You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

The most tickets I've ever bought in a lottery game, I bought 20 lottery tickets and the total price was less than 2 dollars. But unfortunately none of the tickets match the announced results. and now I survive by only placing 3 tickets in one game. The big win I ever got from the lottery made me want to keep buying lottery tickets.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.


That is a good suggestion, others forgot to control themselves in fear of missing out and go all in, spending their entire money for the numbers they think will come out during raffles.  Making them empty-handed and having no more funds to buy their daily needs.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

I have been playing lottery gambling for quite a long time. Indeed, in this gambling the chances of winning are very low, but the prizes offered in this gambling are quite tempting, it can be many times the amount we risk to buy lottery tickets. In this gambling we do two ways to win the lottery. First, rely on luck by continuing to put the same numbers in every draw continuously and. Second, we can rely on knowledge and ability to analyze the possible numbers that will come out.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.

You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

That's the beauty of this game: the chances to make a betting spree are reduced due to the specific nature of the lottery. On one hand, it is not an instant game, so you have to wait until the scrutiny is done before making a new bet. On the other hand, although other games like football and different sports aren't instant either, matches are exciting for the fans, which can make them bet more and/or more often, but with lotteries there is little to no excitation. So, IMO, it is a good game to play "with head" instead of more impulse driven which is what many other games encourage.

I don't know if we should even categorize lottery as gambling because it doesn't seems like gambling to me, though we believe that lottery are in categories and we have them by their requirements according to the issuer for this offer, in lottery, we have free offers and that of paid offers for you to apply for one depending on the source, both government and non governmental organizations make this offer and it's believed not to be gambling even though chances for winning are very small.

It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

That is a good suggestion, others forgot to control themselves in fear of missing out and go all in, spending their entire money for the numbers they think will come out during raffles.  Making them empty-handed and having no more funds to buy their daily needs.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

I always think something, when a person buys a lottery ticket, perhaps they are not so clear about their possibilities, but a very strong hope arises in them to be able to cling to it, in their minds a very great possibility grows and that is something that they always have on their mind, there is no other way, even if you tell them that it is very difficult for them to win, they will always buy, because for them their faith moves mountains, for that reason there is always that possibility of always staying very up to date with everything that has to do with lottery things, it does not matter if the ticket increases in price, for them the best thing will always be that lottery, and if they do not win, they keep hope to continue playing, they are things that they always pass.

I have a friend who plays a lottery in Colombia, and it is a lottery that has 4 digits to win, the truth is that I see it as very impossible to win, because 4 figures is a lot, what can happen here is that you have a Good luck winning, sometimes the numbers for these lotteries are not all sold, because the lottery is played every day and that is something that really affects the probability, in the case of the possibilities there are many, but the probability decreases enormously .

This friend buys that ticket for 10,000 COP, which is almost equivalent to 2.5USD, he does it every day, and he buys it with the same faith in winning, so these things for him say that he can get a lucky shot and if he wins it He buys a house that is very big, and he has in mind that it costs 20,000 dollars, it is farm-style, where they have horses, cattle, it is quite large, the truth is that it seems to me that it is a great option, and I tell him a house of A lot of money is spent on these, because it is needed to do the maintenance, really a house like that needs to be working and working every day, of course they can farm there , but I think that it is necessary to find personnel so that it is always well.