Topic: Lotteries and possibility vs. probability - page 34. (Read 6269 times)

Can't agree more. If it's what makes these people happy and it is what keeps them motivated to dream, then I guess it shouldn't be an argument.
While it is really one in a million to won the lottery, these people are eyeing and clinging onto that hope no matter how small. I believe one of their mantra is as long as they are breathing, there is hope. And that's totally true. Although it just depends on how you will use that phrase to justify what you do. It's okay to gamble as long as you have a spare. It just becomes unreasonable if someone is so poor that he can't afford to buy a ticket, but still buys regardless of his financial capabilities because I think that's just plain irresponsible behavior. It's not wrong to buy a lottery ticket once in a while no matter what your social status is, but make sure that you don't sacrifice your necessities and your priorities just to be able to get a lotto ticket. Because winning isn't guaranteed after all.

Yes!! that is my point of view too, and although I briefly explained it before, both comments serve me to reconsider and complete my thesis:

Even in the case, like Silberman said, studies probe that the poorest sector of the society is the one who gambles more (reference needed!), delfastTions is also right when he says that it doesn't necessarily mean that they are less intelligent.

We should assess case-by-case whether this behaviour is stupid or not. Let's don't forget that the typical price of a ticket (and a single ticket should be enough for the intelligent) is negligible, so a poor person would be making a right decision buying it instead of one beer, for example. Of course, that doesn't apply in the case of the last dollar you mentioned, but these cases are really extreme and fortunately not the norm.

Obviously, it is the poorest classes of the population who most often play the lottery and possibly regularly lose small amounts of money.  However, even though such people almost never win, we should not treat them as stupid and short-sighted and not smart people.  The thing is that by buying a lottery for very little money, such a person buys hope for a possible, albeit almost unbelievable, opportunity to significantly increase his well-being and hope for a completely different, rich and carefree life.  And those rare cases when such a dream comes true and which are always told to residents from the media constantly fueling interest in lotteries. 
I think that such a cherished dream is still worth the little money that a person spends on the lottery.  But, of course, if he buys a lottery ticket not with the last of his money set aside for food and accommodation for his entire family.

However studies show that the ones that gamble at the lottery the most is the sector of the population with the least resources, so while for many people a dollar may not seem like much, that same amount is not so easily available for those which earn just the minimum wage or even less on their jobs, and if they do this several times a week then suddenly something that may not seem like a big deal transform into a big problem, as the chances they will ever see a return on the money they spend at the lottery is minimal.

The point is that people can play the lottery with a dollar or so and still have a tiny chance of earnings millions, while to play at a casino they will have to spend more money on their bets, possibly doubling it on each winning, if we go for dice, roulette, crash, mines... It looks easier to profit from traditional casinos games on short run, although we can't say for how long we are going to manage to do this with success, as luck can change at anytime.

Lotteries are still a cheaper activity compared to casinos games, and that is why many people prefer this alternative, since they don't have more money they can afford to lose gambling. I would say it's a responsible decision by them. Moreover, they still have some fun checking lottery's results every week. It's a kind of habit which is part of their weekly routine already.

People are just greedy, they want the big rewards that's in lottery compared to playing games at casino or sport betting. They'll prefer to risk buying tickets that their chances of winning are very slim instead of playing the bet that their knowledge ca. help them win some bets.

Instead of participating in lottery that I know I have no chances of winning, it's better I keep gambling on casino and increase the amount I'll be risking because with casino you can win out of some numbers of bet but buying more lottery tickets doesn't mean you win.

Lottery tickets are just using the fact that they're sold cheap to convince people into spending more on buying lottery tickets and hoping to win instead of putting those money somewhere else that they have more potential of winning like casinos or playing sports betting.

True, luck often fluctuates so we should be aware of it and not try to chase more wins. So when someone cannot win a lottery ticket, he must realize that the lottery game depends on luck so he cannot rely on the number of lottery tickets he has. But when his luck comes, he may not need to have many lottery tickets because it only takes maybe only 1 lottery ticket to get his jackpot prize.

We cannot chase the desire to win because the lottery game cannot be regulated and depends on luck. We can only buy as many lottery tickets as we can afford, wait for the results to come out, and hope it is our win.

Yes, it was their luck so we can't equate it with the luck we have because it must be different. And whatever results we get, we must be satisfied and don't need to chase other wins. In addition, we also don't need to feel jealous of their luck because it's about fate and luck that each person has. And maybe one day we can also get a big prize, depending on our luck. It's better for us to enjoy our gambling game and not be eager to chase the win so we won't feel stressed and frustrated.

People who buy lottery tickets can go on and on buying lottery tickets because they can buy in bulk without spending a lot of money. And that's what makes them buy lottery tickets again because they can determine how many tickets they can buy at a low price. But we should also manage the amount of money we use to buy lottery tickets and don't need to use a lot of money to buy them because that's not a guarantee we can win the jackpot prize. If you feel tired of waiting for your lottery ticket to come out as a winner, you don't need to buy it regularly but buy it regularly.

You have a point, but if you are going to look at it, if you are to buy 1 ticket everyday for years and you didn't win so it's going to be a big lost, the accumulation of the money that you bet is going to be huge in my opinion. And if you even last you for the rest of your natural life and still you are not going to win the jackpot.

So for me, I wouldn't take that risk, maybe just buy 1 ticket, but not religiously like every day or if there is every draw then you will purchase a ticket and chase that big lottery win. It will take extreme luck on your end to win.

Luck really cannot come many times, but luck can always come unexpectedly, which makes gamblers continue to buy tickets regularly to wait for luck to come.
Lottery tickets don't require a lot of money to buy them so if a gambler buys 1 ticket every day maybe the loss isn't too big and let's just say buying a ticket is just fun so if you don't get a win you won't feel regret.
But everything depends on each individual gambler whether they will keep risking money every time to wait for luck or not.

Beginners luck is indeed a myth because there's no exemption when it comes on being lucky,whether you are experienced or newbie and on the time that you do make out bets and make out some direct win then
if its a noob then it would be called like that but if not then it would be considered to be normal which there's some unfair way when its come on descriptions on things. We know that lottery is a pure luck based game
or thing on which you would really be needing all the luck of the world for you to be able to hit up the jackpot. We know that chances and probabilities are really that too slim which is close to impossible
and we arent that blind when it comes to odds on hitting those millions.

This is why some do stop and some do still continue because on having those kind of hopes that they could really be able to hit it even its close to impossible.
Lotteries are best in terms of money to be won and changing up your life entirely when it comes to money but these are once in a lifetime opportunity.

It is statistically impossible that most of the times beginners plays for the first time they win, but it has a logical explanation: these events are incredibly salient so we remember them very vividly. And, because they come to our mind very easily, we end believing that they are more frequent than they really are.

I can remember very well myself a few times I won when I had no idea on how to play a new game, and how I lost several times in a row after that lucky strike. These images come to my mind very easily. I can remember other people's cases too.

But the fact is that most of the times I have played a new game, I lost: I simply don't remember most of them, so they seem less common than they really are.

If I am allowed to say my mind, I will categorically make it clear to everyone that the beginners luck is nothing but a myth, I've heard stories about that too, but to be honest with you all, there is absolutely nothing like the beginners luck, it's simply a myth that many people have come to believe in unfortunately..

Anybody can get lucky and win a game or the lottery, whether it be a beginner Or an OG, there is nothing as the beginners luck, it does not exist.

There are people who are extremely lucky in this world, these people can even win a jackpot with a single lottery ticket or with a single spin in a slot machine, we regular people cannot match their level of luck, we become happy when we hit a 10x multiplier while they get about 1000x or even more without even spending a lot of money or making a lot of efforts or spending much time sitting in front of their computers and gambling for hours.

We can't help but envy such people but that's absolutely useless, we can't get as lucky as them if we envy them or do whatever, it's all about your destiny and luck and if it's not so good, you would never be able to win anything significant through gambling or any means in life.

Doesn't one's good fortune fluctuate frequently? You put your finger on it precisely: a lotto win is like capturing lightning in a bottle. We do witness the impact, but that's purely by chance. You seem quite jaded with repeat customers, though, which is unfortunate. Is the old green-eyed monster returning to torment us once again?

The reality is that people do pursue their passions. Even though the odds are astronomically against them, they refuse to give up hope. Who's keeping score when you're more likely to die from being struck by lightning while riding a bicycle across a tightrope? That's the strength of hope, right? It makes you gamble on things that aren't always the safest. It's ridiculous, but that's just how humans are.

But when the rookie wants to repeat his success story by buying more lottery tickets the next day, maybe he won't get his luck again. Luck might not come two or three times or luck won't come as big as before, so we have to realize that lottery tickets depend on luck. We also cannot always hope this time we will win in the lottery game because we still rely on luck to be able to win and get the prize. But that doesn't seem to deter people from stopping buying lottery tickets because their expectations are too great compared to the reality they will face.

We must remember that the lottery like any gambling game has a house edge, and compared to the rest of the games in this regard the house edge given by the lotteries are terrible, and when we add the low chances of winning then this explains why someone that may buy a lot of lottery tickets not only will not win but they will be unable to increase their winning chances in any significant way and they will just waste their money by doing something like this.

Absolutely mate if a gambler us luckiest guy in that day then he can win even though he have only one lottery ticket which is pretty good enough with him. And also what you are talking above about the beginners luck then all I can say is that is true because I've heard a lot of stories about beginners luck which is they can earn a lot of money when they are in first time playing game and bett a good amount of money.

Well, the chances of winning in lottery are very slim as compared to, like any other game, if you play on the gambling site you have more chances of winning then if you participate in a lottery.
However the risk involved in the lottery is also less because here you have to spend very little amount for a reward which is very high.
We know that gambling is based upon luck but I must say that lottery luck is even more difficult to achieve.

I think this was true in the early stages,when gambling had not much choices and the sport betting was the most well known played game,back then of course when a beginner placed a bet most of the times he won it and as you said there is no logical explanation to this.Nowadays though where slot machines are the most well known and the most played games in a casino then you go and get busted even if you are a beginner.

In lottery though everyone has an equal chance to win it and it is based purely on luck and complete randomness,there is no real probability and possibility,you can buy 10.000 lottery tickets and don't win anything and some other guy who buys just one ticket wins the lottery.

It's true that with only 1 lottery ticket, he can win the jackpot and become a new millionaire. And that's the magic of having luck because there are no obstacles for him to win that jackpot. And it's very rare for most people because it only comes to one lucky person. That is why winning the jackpot from lottery tickets is very difficult and even if you have a lot of lottery tickets, it does not guarantee you can win.

Seeing some of my other friends get it, I believe in beginner's luck. But beginner's luck will not always come to all beginners because luck will also choose anyone who deserves it. And maybe this is what happened to the beginner who got that lottery ticket and managed to win it so it will be his luck.