Topic: Lotteries and possibility vs. probability - page 30. (Read 6269 times)

Quote from: bangjoe on August 02, 2023, 07:59:28 AM

I searched information about lotteries when stopped with it. In my country there is a law, that obliges the organizer gave at least 50% of tickets cost to prizes. Usually "at least" means "equal"

I think that i good at maths, but i even didn`t thought about such moments. One coffee or one ticket - $1, it is the sum, you don`t think about. But when there are 1.000.000 people who "don`t think" about it - the lottery organizer get $1.000.000. You must think about it to understand, but who thinks about one coffee?

Speaking of the country I don't know about it because my country strongly forbids any gambling, both lottery or casino, or may only be closed, but regulatory it is forbidden. That's right with a small amount of $ 1, who cares now with that number with a glass of coffee, if the word one person bought 3 tickets, maybe $ 1 million would be $ 3 million and that would be a casino income, I agreed that it was a dreamer to get a victory With a large amount, but yes who cares about the initial capital of the ticket purchase, they prefer to fantasize the number of wins.

To understand your chances to win you must think about the total sums. Today i`d prefer to buy coffee than to buy a lottery ticket. Even if i don`t want coffee Grin

Such expenses not a problem for the man, but they make several organizer rich. So, let spend it to our pleasure.

It is true, if you think logically, the organizer will continue to print numbers on the ticket that makes the queue long and many with the benefits offered, but talking the probability of the lottery, very small and rarely people and only the same numbers as participants who came out to win, and from thousands or millions of people only a few who got the victory part, $ 1 in my area is still enough to buy half a pack of kretek cigarettes and packaged coffee, it might be better than being challenged to silly numbers and hoping for God so that it goes out to be a winner. Cheesy

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Quote from: delfastTions on August 01, 2023, 07:10:38 AM

I searched information about lotteries when stopped with it. In my country there is a law, that obliges the organizer gave at least 50% of tickets cost to prizes. Usually "at least" means "equal"

I think that i good at maths, but i even didn`t thought about such moments. One coffee or one ticket - $1, it is the sum, you don`t think about. But when there are 1.000.000 people who "don`t think" about it - the lottery organizer get $1.000.000. You must think about it to understand, but who thinks about one coffee?

Speaking of the country I don't know about it because my country strongly forbids any gambling, both lottery or casino, or may only be closed, but regulatory it is forbidden. That's right with a small amount of $ 1, who cares now with that number with a glass of coffee, if the word one person bought 3 tickets, maybe $ 1 million would be $ 3 million and that would be a casino income, I agreed that it was a dreamer to get a victory With a large amount, but yes who cares about the initial capital of the ticket purchase, they prefer to fantasize the number of wins.

To understand your chances to win you must think about the total sums. Today i`d prefer to buy coffee than to buy a lottery ticket. Even if i don`t want coffee Grin

Such expenses not a problem for the man, but they make several organizer rich. So, let spend it to our pleasure.

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Quote from: delfastTions on July 27, 2023, 02:37:36 AM

Quote from: mak013 on July 27, 2023, 02:10:02 AM

Quote from: Jawhead999 on July 23, 2023, 08:54:11 AM

Quote from: Rabata on July 23, 2023, 07:02:11 AM

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds.

Of course, the probability of a big win is so minimal that even hoping for such a win is generally pointless. The statistics of your expenses really clearly show that participation in the lottery is just money lost. And of course, it would be better to invest them in some useful stocks or bonds, or in general just buy some things useful for you with them. In this sense, all sellers of lottery tickets are such "pipe dream" sellers. But many people believe and hope that they will be lucky and the dream will come true. And they buy the lottery all the time and don't win anything for years. But you can always dream that in the next draw I will be lucky and I will become a millionaire.
But in the end, all this bothers and people stop buying the lottery.
However, new dreamers come to replace and the cycles continue endlessly.

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

Yeah, you quite rightly noted that such "dreamers to win the lottery" have a very bad situation with their knowledge in the field of mathematics.

But the organizers of various lotteries are just doing very well with knowledge of mathematics and this is an irresistible driving force in order to so that lotteries continue indefinitely all over the world, and at the same time, more and more new modifications of this process would constantly appear. And I thimk what percentage of the total lottery ticket collection money the lottery organizers receive, this is a big big secret. If the lottery is really very large, covering the sale of millions of lottery tickets, then the organizers' revenue is unlikely to be 50%, it is, I think, less, of course, but still it should be very large... And in a number of jurisdictions, as I think, there are legislative restrictions on the profit from the activities of lottery organizers.
But in any case, the organizers are very good with mathematics. And with the amount of income from the lottery, too.

Its impossible that they wont really be that be wary about mathematics or into those calculations in speaking about chances or odds on hitting up the jackpot.There are some bettors on the time that they
would be able to make out some bets even on a single piece of ticket, they do start on dreaming out on how to make use or spend those jackpot amounts. LOOOLLLL! How i could be able to say so?
Im once that kind of person too. hahaha. Thinking up on how you would be spending the jackpot price on the time that you would be making out bets but in the moment that you have been betting
in a while already then this is where self realizations begins. You would be trying out to search and make out some calculations on how much chances you do have on the time that you do bet.
This is where you would really be having those thoughts that it was really just too far off and close to impossible for you to make out such winning. Its always been like this on which
people need up to experience or realize first on what are the reality on something before they would really be able to learn on how to deal with it.

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Quote from: bangjoe on August 02, 2023, 07:59:28 AM

Quote from: delfastTions on August 01, 2023, 07:10:38 AM

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

Yeah, you quite rightly noted that such "dreamers to win the lottery" have a very bad situation with their knowledge in the field of mathematics.

But the organizers of various lotteries are just doing very well with knowledge of mathematics and this is an irresistible driving force in order to so that lotteries continue indefinitely all over the world, and at the same time, more and more new modifications of this process would constantly appear. And I thimk what percentage of the total lottery ticket collection money the lottery organizers receive, this is a big big secret. If the lottery is really very large, covering the sale of millions of lottery tickets, then the organizers' revenue is unlikely to be 50%, it is, I think, less, of course, but still it should be very large... And in a number of jurisdictions, as I think, there are legislative restrictions on the profit from the activities of lottery organizers.
But in any case, the organizers are very good with mathematics. And with the amount of income from the lottery, too.

I searched information about lotteries when stopped with it. In my country there is a law, that obliges the organizer gave at least 50% of tickets cost to prizes. Usually "at least" means "equal"

I think that i good at maths, but i even didn`t thought about such moments. One coffee or one ticket - $1, it is the sum, you don`t think about. But when there are 1.000.000 people who "don`t think" about it - the lottery organizer get $1.000.000. You must think about it to understand, but who thinks about one coffee?

Speaking of the country I don't know about it because my country strongly forbids any gambling, both lottery or casino, or may only be closed, but regulatory it is forbidden. That's right with a small amount of $ 1, who cares now with that number with a glass of coffee, if the word one person bought 3 tickets, maybe $ 1 million would be $ 3 million and that would be a casino income, I agreed that it was a dreamer to get a victory With a large amount, but yes who cares about the initial capital of the ticket purchase, they prefer to fantasize the number of wins.

It's strange, I also lived in a country where all casino action, sports betting and things that have to do with chance were totally prohibited, after there was a change of government, but with the same political current, the managers of the casinos They spoke with the government and they came to a good agreement, the agreement consists of giving a good part of their profits to them so that they can operate, that way they can operate in that country, little by little more casinos have come to that they can establish themselves in that country, I have not gone, but where I am if casinos, games of chance and everything that has to do with bets are allowed.

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Quote from: delfastTions on August 01, 2023, 07:10:38 AM

Quote from: delfastTions on August 01, 2023, 07:10:38 AM

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

Yeah, you quite rightly noted that such "dreamers to win the lottery" have a very bad situation with their knowledge in the field of mathematics.

But the organizers of various lotteries are just doing very well with knowledge of mathematics and this is an irresistible driving force in order to so that lotteries continue indefinitely all over the world, and at the same time, more and more new modifications of this process would constantly appear. And I thimk what percentage of the total lottery ticket collection money the lottery organizers receive, this is a big big secret. If the lottery is really very large, covering the sale of millions of lottery tickets, then the organizers' revenue is unlikely to be 50%, it is, I think, less, of course, but still it should be very large... And in a number of jurisdictions, as I think, there are legislative restrictions on the profit from the activities of lottery organizers.
But in any case, the organizers are very good with mathematics. And with the amount of income from the lottery, too.

I searched information about lotteries when stopped with it. In my country there is a law, that obliges the organizer gave at least 50% of tickets cost to prizes. Usually "at least" means "equal"

I think that i good at maths, but i even didn`t thought about such moments. One coffee or one ticket - $1, it is the sum, you don`t think about. But when there are 1.000.000 people who "don`t think" about it - the lottery organizer get $1.000.000. You must think about it to understand, but who thinks about one coffee?

Speaking of the country I don't know about it because my country strongly forbids any gambling, both lottery or casino, or may only be closed, but regulatory it is forbidden. That's right with a small amount of $ 1, who cares now with that number with a glass of coffee, if the word one person bought 3 tickets, maybe $ 1 million would be $ 3 million and that would be a casino income, I agreed that it was a dreamer to get a victory With a large amount, but yes who cares about the initial capital of the ticket purchase, they prefer to fantasize the number of wins.

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Quote from: sompitonov on July 30, 2023, 09:37:47 AM

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

Yeah, you quite rightly noted that such "dreamers to win the lottery" have a very bad situation with their knowledge in the field of mathematics.

But the organizers of various lotteries are just doing very well with knowledge of mathematics and this is an irresistible driving force in order to so that lotteries continue indefinitely all over the world, and at the same time, more and more new modifications of this process would constantly appear. And I thimk what percentage of the total lottery ticket collection money the lottery organizers receive, this is a big big secret. If the lottery is really very large, covering the sale of millions of lottery tickets, then the organizers' revenue is unlikely to be 50%, it is, I think, less, of course, but still it should be very large... And in a number of jurisdictions, as I think, there are legislative restrictions on the profit from the activities of lottery organizers.
But in any case, the organizers are very good with mathematics. And with the amount of income from the lottery, too.

I searched information about lotteries when stopped with it. In my country there is a law, that obliges the organizer gave at least 50% of tickets cost to prizes. Usually "at least" means "equal"

I think that i good at maths, but i even didn`t thought about such moments. One coffee or one ticket - $1, it is the sum, you don`t think about. But when there are 1.000.000 people who "don`t think" about it - the lottery organizer get $1.000.000. You must think about it to understand, but who thinks about one coffee?

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Quote from: Bitinity on July 30, 2023, 02:11:23 AM

Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

Exactly lottery is a pure luck based game but we cant also deny the fact that there are some people who try to use probability calculation based on the previous winning numbers or using patterns. Believe it or not, here in my country, there are many lottery lovers who are even create their own mathematical formula to predict the upcoming result based on the last few winning numbers. They do not realize that when they win it using the formula, it is just coincidence. But they keep using the formula every single day and most of the time they modify the formula if the old formula is failed for several rounds.

Such people will still come to a loss in the end. Someone today will stop there, and someone years later. Another thing is that there are deceivers who sell their formula, this is already fraud and deceit. There are also many who pretend to be a professional bettingman or trader, they also try to convince the victims that they have special methods for making money that others do not have. Often they don't even hide their faces, which also affects the victim.

Those who believe such things are basically fools, there is absolutely no connection between the previous winning numbers and the upcoming winning numbers because both of them are randomly generated and aren't generated from the previous results, so those who try to build formulas to figure out the outcomes are simply wasting their time and efforts and they should just buy tickets and wait for the results to see if they are winners or not as that is how lottery basically works.

And those who do fraud with other people by selling such formulas and stuff by telling the victims that they can win in the lottery are professional scammers and they will live all their life doing fraud and earning money in such ways but they will pay for it some day either in this world or after it.

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Quote from: Porfirii on June 23, 2023, 11:22:41 AM

I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?

I would probably contribute more to low probability lotteries if I knew (and could verify) that the money was going to causes I support.
This is actually an interesting take on creating incentives for people to pay taxes and contribute with the state.
Nice topic. Thanks for creating it

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Quote from: QueenVera on July 29, 2023, 07:33:10 AM

The thing is that when the price at stake is very high, people would want to have a trial to see if they stand a chance of winning not minding the probability of winning it, they believe on the possibility of winning by luck, and situations like this would always occur especially when someone else have proved that it's possible to win from the particular event, let's say for instance I have a friend that's won or heard about someone that won a lottery a huge sum of money with just a small amount, that alone would make me one to try as well and see if there's a possibility of winning just like my friend, everyone have dreams of being rich and think of different possible ways of making their dreams a reality and there are people who are lucky enough to achieve their dreams through lottery.
Most individuals would try their luck to see if they stand a chance of winning the huge prizes from lottery hence it's popularity, the price at stake would always attract people to have a fair trial of winning, even though the possibility is very high but there are chance that one could be lucky to win it and since there's a possibility of using a small money to win a jackpot people would always want to give it a trial thereby making lottery becoming more popular.

I think you mean "prize" not price. Price is what we pay for the ticket. It act as a bet but if it's very high, people will be intimidated on trying it. Offline lotteries have no trial, not like to the online ones where there are free bets. In spite of it people still tries them because the tickets are not that costly enough. They just start there slowly until the addiction builds up and they are now a regular lottery bettor even though majority of them haven't experience to win yet even with just a small amount.

Lottery is a game that is based on luck but there are people who brainstorm or think of things that could possibly increase their chances of winning.

There are still other ways that we can do in order to change our life, not just through the lottery and they are more achievable but sometimes people are only lazy to start doing them. Lottery is popular due to its huge prize. It's possible because of its crazily high odds and the prize will just stack if no winner is recorded.

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Quote from: delfastTions on July 27, 2023, 02:37:36 AM

Quote from: mak013 on July 27, 2023, 02:10:02 AM

Quote from: Jawhead999 on July 23, 2023, 08:54:11 AM

Quote from: Rabata on July 23, 2023, 07:02:11 AM

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds.

Of course, the probability of a big win is so minimal that even hoping for such a win is generally pointless. The statistics of your expenses really clearly show that participation in the lottery is just money lost. And of course, it would be better to invest them in some useful stocks or bonds, or in general just buy some things useful for you with them. In this sense, all sellers of lottery tickets are such "pipe dream" sellers. But many people believe and hope that they will be lucky and the dream will come true. And they buy the lottery all the time and don't win anything for years. But you can always dream that in the next draw I will be lucky and I will become a millionaire.
But in the end, all this bothers and people stop buying the lottery.
However, new dreamers come to replace and the cycles continue endlessly.

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

Yeah, you quite rightly noted that such "dreamers to win the lottery" have a very bad situation with their knowledge in the field of mathematics.

But the organizers of various lotteries are just doing very well with knowledge of mathematics and this is an irresistible driving force in order to so that lotteries continue indefinitely all over the world, and at the same time, more and more new modifications of this process would constantly appear. And I thimk what percentage of the total lottery ticket collection money the lottery organizers receive, this is a big big secret. If the lottery is really very large, covering the sale of millions of lottery tickets, then the organizers' revenue is unlikely to be 50%, it is, I think, less, of course, but still it should be very large... And in a number of jurisdictions, as I think, there are legislative restrictions on the profit from the activities of lottery organizers.
But in any case, the organizers are very good with mathematics. And with the amount of income from the lottery, too.

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Quote from: khaled0111 on July 29, 2023, 03:55:56 PM

Quote from: ethereumhunter on July 31, 2023, 12:43:31 AM

I`ve never dreamed about super prize. For me it was like to pay percent for luck. After i stopped, i decided to read some more information about lotteries and knew that there is a percent that the organizer must pay as prizes. And usually it is about 50% from the sum of the sold tickets. The winner here is only organizer.
The new dreamers mostly bad in maths i think.

I am a bit surprised here! Did you think the organization or the entity behind the lottery is doing it for free! You don't need to read anywhere or ask anyone to realize that they are doing it for profit like any casino or any other service provider. They get their percentage from the total pot then give the rest to the winner(s).
Regarding your latest sentence, yes, the organizers are always the winners because they are not risking anything. Remember: "the house always wins".

The problem is not that they are paid for their job. The problem is that it is 50% of the tickets cost. And usually there are just few big prizes and all other are not far from the ticket cost. In the lotteries i bought there were about 10 big prizes, after it about 100-200 tickets with 10 costs of the tickets and after it the prize decreased from 2 to 1 ticket price. And my tickets win rate usually was about 1 to 3 or 4 tickets. And the prizes about 1,5-2 tickets costs. Everybody can count himself the result.

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Quote from: slapper on July 30, 2023, 04:12:22 PM

<...>

People may not understand math in detail because it's not easy to understand, so they only calculate what they can. So instead of calculating using mathematics, they might see it from the side of luck and many people still buy lottery tickets at random. They predict tickets that will come out based on previous results so they find tickets that might come out according to them. But if the ticket doesn't come out, they will still try it and evaluate the previous ticket to find a ticket that can come out the next day.

You don't have to do the maths yourself if you want to calculate the real figures: Don Pedro Dinero shared a calculator to do that, but there are many others in the internet; just ask google.

Anyway, and back to Nolan's film, I don't even think that many people need to do that to make a general idea of how the lottery system works. Oppenheimer wasn't good at maths (neither was Einstein) but he was able to "hear" the numbers.

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Quote from: slapper on July 30, 2023, 04:12:22 PM

It is crucial to note that lotteries, by design, operate on random number generation. Hence, attempts at prediction, while understandable, are largely futile. Your linking of lottery success with 'luck' does have a traditional resonance. Yet, it may serve us better to view the situation through a lens of mathematics. While the prospect of winning may appear to be a consequence of good or bad luck, it is more accurately a manifestation of statistical likelihood. Each lottery draw is independent and the outcomes from past draws do not influence future ones. Thus, luck may feel like an influencing factor, but it's more about statistics and probabilities

People may not understand math in detail because it's not easy to understand, so they only calculate what they can. So instead of calculating using mathematics, they might see it from the side of luck and many people still buy lottery tickets at random. They predict tickets that will come out based on previous results so they find tickets that might come out according to them. But if the ticket doesn't come out, they will still try it and evaluate the previous ticket to find a ticket that can come out the next day.

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Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

But actually the lottery is not a gamble that can be accurately predicted because the results that come out for the winner are always changing and cannot be easily predicted.
In my country there are several local gambling sites which are fiat based and there are several lottery betting options and when using past results history to make predictions they are sometimes right but only small wins can be obtained.
Even though there are also those who get big wins, they never want to tell how they can get these predictions.

There is no magic to winning big in lottery, it simply follows the same process with normal gambling and betting where the higher amount of money you stake, the higher you winnings, also depending on the odds too, like most lottery ask players to predict 5 numbers that will come out, and winning begins from predicting two numbers correctly, so out of the five numbers, the more the numbers you predict correctly, the higher the multiplier and your winnings, those who predict the entire five numbers numbers correctly as always the biggest winners, but for those who manage to predict like two or three numbers correctly, they win but if they must win big money, then it means they have to stake big money too.

For lottery bets, the higher the amount of money at stake, the higher the win, so I don't agree because when we can have the luck to get 4 or 5 numbers right, even though we are only risking a small amount of money, the winnings are generated from 4 or 5 numbers it is huge.
It all depends on how lucky we are at lottery gambling.
Most gamblers prefer to bet in small amounts but chase the jackpot 4 or 5 output numbers so that even though they often lose they don't really feel that they are experiencing big losses every time.

Quote from: slapper on July 30, 2023, 04:12:22 PM

Regarding luck, I agree and no matter how good it is to predict or predict the lottery, if luck doesn't support it, it's also difficult to win.
There are some people who use mystical methods to get lottery predictions, do you believe in that?

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

Luck always influences victory in gambling and luck is the main factor that gamblers can win.
But in the country where I live, there are lots of gamblers who get lottery numbers from mystical things, and some people actually get rich because they do mystical things to be able to have lottery numbers.
It's just that maybe everyone's beliefs are different like those of you who don't believe in the mystical thing about gambling and consider it a myth.

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Quote from: ethereumhunter on July 30, 2023, 09:05:41 AM

Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Quote from: ethereumhunter on July 30, 2023, 09:05:41 AM

Regarding luck, I agree and no matter how good it is to predict or predict the lottery, if luck doesn't support it, it's also difficult to win.
There are some people who use mystical methods to get lottery predictions, do you believe in that?

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

But I don't think so because it seems that there are still people who believe that looking for places that they think can provide a way to win the lottery. I think it's normal for them to do this because they just want and try to use all the methods they know, including mystical methods, to get lottery predictions.

But winning the lottery is indeed related to one's luck so they cannot win if they are unlucky. And if someone manages to win, it means they are lucky. And that is beyond the possibilities and probabilities that we may not understand.

It is crucial to note that lotteries, by design, operate on random number generation. Hence, attempts at prediction, while understandable, are largely futile. Your linking of lottery success with 'luck' does have a traditional resonance. Yet, it may serve us better to view the situation through a lens of mathematics. While the prospect of winning may appear to be a consequence of good or bad luck, it is more accurately a manifestation of statistical likelihood. Each lottery draw is independent and the outcomes from past draws do not influence future ones. Thus, luck may feel like an influencing factor, but it's more about statistics and probabilities

If we do speak about state lotteries or online ones then it is really designed whether it would really be just intended on getting peoples money on betting on random numbers and for online businesses then it would be making out some revenue or profit and for state lotteries then it would really be getting out some taxes out of peoples money on which its a win-win situation.In speaking about odds and chances then it cant really be denied out that this would really be that so slim or almost close to impossible. This is why on the time that we do make out such lottery betting then dont make yourself that optimistic that you could be able to hit up the jackpot because this isnt something that you could be able to hit up.

This is why on spending up with lottery tickets then everything should really be in moderation because if we do put up heavily on spending on tickets then sooner or later you would be finding out that
you have already spend tons of money on something which it is really that almost impossible to hit. Make bets according into your extra money and not something that would
really be that big because its never been worth on doing so.

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Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Quote from: Bitinity on July 30, 2023, 02:11:23 AM

Regarding luck, I agree and no matter how good it is to predict or predict the lottery, if luck doesn't support it, it's also difficult to win.
There are some people who use mystical methods to get lottery predictions, do you believe in that?

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

But I don't think so because it seems that there are still people who believe that looking for places that they think can provide a way to win the lottery. I think it's normal for them to do this because they just want and try to use all the methods they know, including mystical methods, to get lottery predictions.

But winning the lottery is indeed related to one's luck so they cannot win if they are unlucky. And if someone manages to win, it means they are lucky. And that is beyond the possibilities and probabilities that we may not understand.

It is crucial to note that lotteries, by design, operate on random number generation. Hence, attempts at prediction, while understandable, are largely futile. Your linking of lottery success with 'luck' does have a traditional resonance. Yet, it may serve us better to view the situation through a lens of mathematics. While the prospect of winning may appear to be a consequence of good or bad luck, it is more accurately a manifestation of statistical likelihood. Each lottery draw is independent and the outcomes from past draws do not influence future ones. Thus, luck may feel like an influencing factor, but it's more about statistics and probabilities

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Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Quote from: Bitinity on July 30, 2023, 02:11:23 AM

Regarding luck, I agree and no matter how good it is to predict or predict the lottery, if luck doesn't support it, it's also difficult to win.
There are some people who use mystical methods to get lottery predictions, do you believe in that?

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

Exactly lottery is a pure luck based game but we cant also deny the fact that there are some people who try to use probability calculation based on the previous winning numbers or using patterns. Believe it or not, here in my country, there are many lottery lovers who are even create their own mathematical formula to predict the upcoming result based on the last few winning numbers. They do not realize that when they win it using the formula, it is just coincidence. But they keep using the formula every single day and most of the time they modify the formula if the old formula is failed for several rounds.

This reminds me of how I tried different trading parameters to the bot so that it became profitable in a bundle of bitcoin and stablecoins. I was a student, but I believed that this bot based on martingale, with certain settings, would show a positive profit. I left it overnight in a simulated trade starting from the price when bitcoin was worth 5000, and looked at the final amount. After a while, I found certain settings for the number of shoulders, multipliers and steps. Then I realized that there were a lot of bugs in it and it all didn't make sense...So I want to say that I understand those guys looking for secrets and creating their own game strategies. This is enthusiasm.

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Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Quote from: Fivestar4everMVP on July 29, 2023, 11:14:46 PM

Regarding luck, I agree and no matter how good it is to predict or predict the lottery, if luck doesn't support it, it's also difficult to win.
There are some people who use mystical methods to get lottery predictions, do you believe in that?

Winning the lottery is totally dependent on luck, it has nothing to do with previous knowledge of winning numbers, being lucky is how anybody can win lottery.
And concerning using mystical method, that is just a myth, it doesn't work, if it works, many of use will use it and drive the casino, bet houses or lottery shops into bankruptcy, so i do not believe such thing works, its all myth, nothing more.

Exactly lottery is a pure luck based game but we cant also deny the fact that there are some people who try to use probability calculation based on the previous winning numbers or using patterns. Believe it or not, here in my country, there are many lottery lovers who are even create their own mathematical formula to predict the upcoming result based on the last few winning numbers. They do not realize that when they win it using the formula, it is just coincidence. But they keep using the formula every single day and most of the time they modify the formula if the old formula is failed for several rounds.

Such people will still come to a loss in the end. Someone today will stop there, and someone years later. Another thing is that there are deceivers who sell their formula, this is already fraud and deceit. There are also many who pretend to be a professional bettingman or trader, they also try to convince the victims that they have special methods for making money that others do not have. Often they don't even hide their faces, which also affects the victim.

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