Lotteries and possibility vs. probability - page 40.

Porfirii

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Quote from: danadc on July 01, 2023, 03:48:14 PM

Quote from: uneng on July 01, 2023, 03:34:20 PM

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

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 wouldn't bother paying an extra dollar on yearly taxes to have a slight chance of becoming a millionaire, and at same time contributing with my country, so the government can have more money to invest on areas which will revert benefits to ourselves, as citizens.

-snip-

Regarding your country , I have no idea which one is yours , but the way you talk makes it clear that it is a country where its rulers are very fair , unlike me , who comes from a country where politicians stole their wealth, I have nothing left to give something in taxes, because they are still stealing, I am in another country Because I could not stand that system, but for gambling, for bitcoin or for anything else that means playing in a casino we should not pay , it is not the duty to be, we have the right to have fun and that is not why we should Pay taxes, a Government , politicians always have fun with the money of the people , and they do not pay Anything.

Yes, I live in a country where welfare state is important. Nobody is left behind if they need basic social or medical assistance, for example.

I saw yesterday a documentary that explained how in the US diabetic people have to pay around 17k per year for their insulin: 250 USD monthly for the health insurance + a > 14k franchise, which means that below that money the insurance company doesn't pay you a dime. Hopefully where I live you have free insulin (for example) even if you are poor and homeless. Not to talk about other serious diseases nobody is risk free.

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Quote from: Rabata on July 02, 2023, 01:29:28 AM

Quote from: ethereumhunter on July 01, 2023, 10:56:20 PM

Quote from: khaled0111 on July 01, 2023, 04:00:43 PM

Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day.

You nailed it right. What attracts people to buy lottery tickets is their cheap price and the huge amount they can get if they win.
We all know how odds works but we tend to neglect this when buying a lottery ticket because we become blinded by our greed.
When you buy a ticket, you don't think of what your odds of winning are, instead, the first thing you think of is what are you going to do with the money if you win!

That means we have started compiling a list of what we want to buy even though we don't know which ticket will come out as the winner. And by trying to buy lots of lottery tickets, means that we have a bigger chance to compete and become winners, but we forget that that's not how it works because lottery tickets work according to luck. And when we are lucky, we win and get the prize money.

In my sense people who buy a lot of lottery tickets to win the lottery are a little panicked about winning. But in reality, even if their chances of winning the lottery increase slightly, they should not take that kind of risk. Some people consider buying a lot of lottery tickets as a waste of money. We have to believe that this type of lottery depends only on luck. A major advantage of purchasing tickets is that it does not require a large amount of money that is why people are more interested purchasing lottery.

I don't think they panic because they have planned it well and know how many lottery tickets they will buy. Unless the person is just having fun and not chasing the prize too much, they probably aren't going to spend a lot of money on a lottery ticket. During this time, people buy lottery tickets to win the prize. And the prizes are so big that they are willing to spend a certain amount of money to buy the ticket. And they keep buying for the next several periods. And it's true. The lottery depends on luck so we have to know that buying tickets in large quantities does not guarantee getting the prize.

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Quote from: ethereumhunter on July 01, 2023, 10:56:20 PM

Quote from: khaled0111 on July 01, 2023, 04:00:43 PM

Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day.

You nailed it right. What attracts people to buy lottery tickets is their cheap price and the huge amount they can get if they win.
We all know how odds works but we tend to neglect this when buying a lottery ticket because we become blinded by our greed.
When you buy a ticket, you don't think of what your odds of winning are, instead, the first thing you think of is what are you going to do with the money if you win!

That means we have started compiling a list of what we want to buy even though we don't know which ticket will come out as the winner. And by trying to buy lots of lottery tickets, means that we have a bigger chance to compete and become winners, but we forget that that's not how it works because lottery tickets work according to luck. And when we are lucky, we win and get the prize money.

In my sense people who buy a lot of lottery tickets to win the lottery are a little panicked about winning. But in reality, even if their chances of winning the lottery increase slightly, they should not take that kind of risk. Some people consider buying a lot of lottery tickets as a waste of money. We have to believe that this type of lottery depends only on luck. A major advantage of purchasing tickets is that it does not require a large amount of money that is why people are more interested purchasing lottery.

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Quote from: khaled0111 on July 01, 2023, 04:00:43 PM

Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day.

You nailed it right. What attracts people to buy lottery tickets is their cheap price and the huge amount they can get if they win.
We all know how odds works but we tend to neglect this when buying a lottery ticket because we become blinded by our greed.
When you buy a ticket, you don't think of what your odds of winning are, instead, the first thing you think of is what are you going to do with the money if you win!

That means we have started compiling a list of what we want to buy even though we don't know which ticket will come out as the winner. And by trying to buy lots of lottery tickets, means that we have a bigger chance to compete and become winners, but we forget that that's not how it works because lottery tickets work according to luck. And when we are lucky, we win and get the prize money.

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Quote from: klidex on July 01, 2023, 07:38:19 AM

Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

There's nothing wrong with trying your luck when buying lottery tickets with a small amount to get a big multiplier luck if you manage to be the chosen one.
I also sometimes still buy 3D 4D lottery tickets just to try my luck sometimes using only $0.5 amount or if I feel confident I will buy lottery tickets at slightly higher prices eg $1-10.
Who would have thought that the lucky day would come the next day.

if that amount is something that is not so important meaning a funds that so much to risk then why not? because lottery is next to impossible to winning and indeed if the price is 1-10 dollars? actually that is higher than what we have here as in my country lottery ticket is just 40 cents per combination.
and 10 dollars ticket would be a multiple combination meaning it is also multiple chance of winning.

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Quote from: goaldigger on July 01, 2023, 04:42:50 PM

Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

The probability is low, and as a bettor you have to be aware of this since continue betting with lottery might be expensive too, this can also lead to passive addiction and you might not be able to see this. The huge reward for just a cheap price of betting is indeed the reason why many are into lottery and in my place ordinary people bet more everyday for a hope of getting the jackpot, this could be why lottery is still in demand. Again, betting more might increase your probability to win but still no guarantee for the jackpot.

Lottery is one of the biggest gambling in some countries and we all know that once you bet into lottery then only little percentage of winning you've got because there are many combinations and the probability is too small. But in the other hand once we have our luck in our side if we are the luckiest gambler in lottery then for sure our life will change as we all know how big the the winning amount of the lottery.

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Quote from: goaldigger on July 01, 2023, 04:42:50 PM

Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

The probability is low, and as a bettor you have to be aware of this since continue betting with lottery might be expensive too, this can also lead to passive addiction and you might not be able to see this. The huge reward for just a cheap price of betting is indeed the reason why many are into lottery and in my place ordinary people bet more everyday for a hope of getting the jackpot, this could be why lottery is still in demand. Again, betting more might increase your probability to win but still no guarantee for the jackpot.

Spending up a buck or a couple would might not really be that much but if you do tend to make out calculations on a week basis on how much you would spend then it is something an amount which you could really make

use on other means or things which is more that important but well each person does have their own ways on how they would really be spending up their money or simply having that specific budget and this is why we cant really make out some right conclusive approach on what they should gonna do with their money.It would really be just that normal that people would really be that having that interest on buying up those lottery tickets or betting on different number combinations for them to hope on hitting that jackpot.

We know that there are people who are willing to spend a buck on day to day basis just for them to satisfy their aims and interest on a certain day on which there's nothing we can do if they would
really be having that kind of mindset on which it would really be that hard to change it up.

goaldigger

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Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

The probability is low, and as a bettor you have to be aware of this since continue betting with lottery might be expensive too, this can also lead to passive addiction and you might not be able to see this. The huge reward for just a cheap price of betting is indeed the reason why many are into lottery and in my place ordinary people bet more everyday for a hope of getting the jackpot, this could be why lottery is still in demand. Again, betting more might increase your probability to win but still no guarantee for the jackpot.

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Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day.

You nailed it right. What attracts people to buy lottery tickets is their cheap price and the huge amount they can get if they win.
We all know how odds works but we tend to neglect this when buying a lottery ticket because we become blinded by our greed.
When you buy a ticket, you don't think of what your odds of winning are, instead, the first thing you think of is what are you going to do with the money if you win!

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Quote from: uneng on July 01, 2023, 03:34:20 PM

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

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 wouldn't bother paying an extra dollar on yearly taxes to have a slight chance of becoming a millionaire, and at same time contributing with my country, so the government can have more money to invest on areas which will revert benefits to ourselves, as citizens.

However, here in my country I don't have any expectations of invesments by the government thinking on common good, because politicians always and only think on themselves. That 1$ dollar from each citizen would be used to raise their wages, to create more jobs' spots inside the government for their supporters or would be simply stolen through corruption schemes.

So I'm not sure how worthful such measure would really be for the country.

Regarding your country , I have no idea which one is yours , but the way you talk makes it clear that it is a country where its rulers are very fair , unlike me , who comes from a country where politicians stole their wealth, I have nothing left to give something in taxes, because they are still stealing, I am in another country Because I could not stand that system, but for gambling, for bitcoin or for anything else that means playing in a casino we should not pay , it is not the duty to be, we have the right to have fun and that is not why we should Pay taxes, a Government , politicians always have fun with the money of the people , and they do not pay Anything.

uneng

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

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 wouldn't bother paying an extra dollar on yearly taxes to have a slight chance of becoming a millionaire, and at same time contributing with my country, so the government can have more money to invest on areas which will revert benefits to ourselves, as citizens.

However, here in my country I don't have any expectations of invesments by the government thinking on common good, because politicians always and only think on themselves. That 1$ dollar from each citizen would be used to raise their wages, to create more jobs' spots inside the government for their supporters or would be simply stolen through corruption schemes.

So I'm not sure how worthful such measure would really be for the country.

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Quote from: klidex on July 01, 2023, 07:38:19 AM

Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

There's nothing wrong with trying your luck when buying lottery tickets with a small amount to get a big multiplier luck if you manage to be the chosen one.
I also sometimes still buy 3D 4D lottery tickets just to try my luck sometimes using only $0.5 amount or if I feel confident I will buy lottery tickets at slightly higher prices eg $1-10.
Who would have thought that the lucky day would come the next day.

Two things that people prioritize the most one is the low cost lottery purchases and the other is the chance to win big. A lottery buyer may realize he will not be lucky because there is very little chance of winning. But they still try to win big money. Because each of them tries to conquer luck.
I myself buy some national level lotteries. Even though I know I can't win but the low price and based on the possibility that is easy for me afford to loss. As we know that luck is never predetermined so i think there is no bad effect trying more within my range.

klidex

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Quote from: Doan9269 on June 30, 2023, 09:20:18 AM

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

There's nothing wrong with trying your luck when buying lottery tickets with a small amount to get a big multiplier luck if you manage to be the chosen one.
I also sometimes still buy 3D 4D lottery tickets just to try my luck sometimes using only $0.5 amount or if I feel confident I will buy lottery tickets at slightly higher prices eg $1-10.
Who would have thought that the lucky day would come the next day.

ethereumhunter

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Quote from: GigaBit on June 30, 2023, 08:52:58 AM

A lottery buyer is naturally interested in winning the lottery because of the possibility of winning a large amount of money or prize at a low price. Some prefer to spend little money to get big opportunities. There are different types of lotteries where some are interested in national level lotteries and others are very interested in event based lotteries. Some buy more lotteries to turn their luck into winnings, but those who rely only on luck are not interested in buying more lotteries. I have seen some lottery buyers who buy lotteries regularly and think they will get lucky. Those who have bought lottery tickets regularly for a long time must have a good idea of how much money should be spent on lottery purchases. However, one should not spend money that exposes one to huge losses if lost.

Everyone will buy lottery tickets according to the money they can afford, although there are also people who buy lottery tickets and spend a lot of money because they hope to be one of the winners. The people interested in buying the lottery saw that some people out there could win some money and sometimes hit a big win. But the lottery is a luck-based gambling game, so they must realize that buying lottery tickets in large quantities does not guarantee they can win the prize. They can win the prize only if their luck comes at the right time. Otherwise, they will lose their money buying those lottery tickets.

Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly. That's why we see to many people always betting especially when the prize at stake became more bigger and bigger. The thrill factor when that scenario came in lotteries increase that's why it create demand for people want to hit a one time big time on their life. Many got addicted and buy a lot of ticket because they think it can increase their chance to win but they realize after that even though they hold a lot of ticket still this doesn't guarantee them to declared as a lucky winner.

And people see the winners achieve their dreams by buying lots of valuable items from winning lottery prizes making those people even more eager to buy lottery tickets. They want to feel the thrill of winning a prize from the lottery so they don't stop before they get it. And this is what makes people addicted to buying lottery tickets, so they use more money to buy them. Maybe they will allocate some money to buy lottery tickets.

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Quote from: Bitcoin_people on June 29, 2023, 09:27:35 PM

Most people hold lotteries mainly to win big prizes but only the lucky ones can win the prize. When a person wins the lottery he hopes to win a good prize but if luckily he loses then he is inclined to buy the lottery again later. After losing a few times like this, he decided to spend more money and play the lottery and gradually he became addicted to it. They continue to lose money in the hope that a person who has won the lottery might win the lottery again and win a bigger prize. By spending money like this, they become addicted like gambling and want to do anything to win the prize. There are many people who are addicted to gambling and spoil their future and plan only to win prizes by gambling. But the life of a gambler and lottery buyer can be enlightened if he can visit a good path. So when a gambler buys a lottery, they must be careful and watch out for this addiction later on.

No body luckily loses, those who win do so by them being lucky, and those who lose are unlucky..

That aside, I agree with you, what leads to gambling addiction is very small and most times unnoticed, like you said, it's just a simple try harder to be among the winners, and before the players even realizes what is happening, he or she is already glued, like you said, gamblers must always carry out their gambling activities with a conscious mind, that is to be aware that addiction is real, and be conscious of every gambling decisions they make.

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Quote from: Taskford on June 30, 2023, 09:07:32 AM

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly.

There's no doubt that some have made this an opportunity to win a lifetime experience they will never forget in lottery, yet some have also been trying over time to make such opportunity but it never comes but despite they keep trying while some had stop giving a try on lottery application, since it's believee that lottery comes with alot of benefits, if everyone can made it to the entry because they needed just few applicants to be selected among many applying.

Fivestar4everMVP

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Quote from: GigaBit on June 30, 2023, 08:52:58 AM

Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

Quote from: Bitcoin_people on June 29, 2023, 09:27:35 PM

Most people hold lotteries mainly to win big prizes but only the lucky ones can win the prize. When a person wins the lottery he hopes to win a good prize but if luckily he loses then he is inclined to buy the lottery again later. After losing a few times like this, he decided to spend more money and play the lottery and gradually he became addicted to it. They continue to lose money in the hope that a person who has won the lottery might win the lottery again and win a bigger prize. By spending money like this, they become addicted like gambling and want to do anything to win the prize. There are many people who are addicted to gambling and spoil their future and plan only to win prizes by gambling. But the life of a gambler and lottery buyer can be enlightened if he can visit a good path. So when a gambler buys a lottery, they must be careful and watch out for this addiction later on.

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day. And people get addicted to keep buying the tickets and hoping, so they probably won't stop if they haven't won the prize. Many people become addicted to buying lottery tickets because they are cheap. So when you want to buy lottery tickets, make sure you only use the money you can afford and don't take too many risks so you don't lose too much money either.

A lottery buyer is naturally interested in winning the lottery because of the possibility of winning a large amount of money or prize at a low price. Some prefer to spend little money to get big opportunities. There are different types of lotteries where some are interested in national level lotteries and others are very interested in event based lotteries. Some buy more lotteries to turn their luck into winnings, but those who rely only on luck are not interested in buying more lotteries. I have seen some lottery buyers who buy lotteries regularly and think they will get lucky. Those who have bought lottery tickets regularly for a long time must have a good idea of how much money should be spent on lottery purchases. However, one should not spend money that exposes one to huge losses if lost.

Well, to be honest, those who have bought and played the lottery for a very long time still might not know how much tickets is required to have a guaranteed winning, cus If all lotteries should be like the ones I've participated in in the past, then there is no guaranteed winning, even if out of 1000 total tickets, you alone buy 500, still will not give you a guaranteed wining.

But then, I understand that there are some lotteries where winners are determined by the number of tickets they hold, that type of lotteries are only fair to the rich and not to the middle class and poor players.

Taskford

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Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

Quote from: Bitcoin_people on June 29, 2023, 09:27:35 PM

Most people hold lotteries mainly to win big prizes but only the lucky ones can win the prize. When a person wins the lottery he hopes to win a good prize but if luckily he loses then he is inclined to buy the lottery again later. After losing a few times like this, he decided to spend more money and play the lottery and gradually he became addicted to it. They continue to lose money in the hope that a person who has won the lottery might win the lottery again and win a bigger prize. By spending money like this, they become addicted like gambling and want to do anything to win the prize. There are many people who are addicted to gambling and spoil their future and plan only to win prizes by gambling. But the life of a gambler and lottery buyer can be enlightened if he can visit a good path. So when a gambler buys a lottery, they must be careful and watch out for this addiction later on.

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day. And people get addicted to keep buying the tickets and hoping, so they probably won't stop if they haven't won the prize. Many people become addicted to buying lottery tickets because they are cheap. So when you want to buy lottery tickets, make sure you only use the money you can afford and don't take too many risks so you don't lose too much money either.

The past declared winners inspired people to continue grabbing their tickets because they also fantasize to win a huge amount of money and can change their life instantly. That's why we see to many people always betting especially when the prize at stake became more bigger and bigger. The thrill factor when that scenario came in lotteries increase that's why it create demand for people want to hit a one time big time on their life. Many got addicted and buy a lot of ticket because they think it can increase their chance to win but they realize after that even though they hold a lot of ticket still this doesn't guarantee them to declared as a lucky winner.

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Quote from: ethereumhunter on June 30, 2023, 12:25:18 AM

Quote from: Bitcoin_people on June 29, 2023, 09:27:35 PM

Most people hold lotteries mainly to win big prizes but only the lucky ones can win the prize. When a person wins the lottery he hopes to win a good prize but if luckily he loses then he is inclined to buy the lottery again later. After losing a few times like this, he decided to spend more money and play the lottery and gradually he became addicted to it. They continue to lose money in the hope that a person who has won the lottery might win the lottery again and win a bigger prize. By spending money like this, they become addicted like gambling and want to do anything to win the prize. There are many people who are addicted to gambling and spoil their future and plan only to win prizes by gambling. But the life of a gambler and lottery buyer can be enlightened if he can visit a good path. So when a gambler buys a lottery, they must be careful and watch out for this addiction later on.

The existence of prizes from the lottery is what attracts people to continue buying tickets; with cheap ticket prices, they try to buy as many tickets as they can. And if they haven't won one of the prizes, they keep trying to buy a ticket to win it one day. And people get addicted to keep buying the tickets and hoping, so they probably won't stop if they haven't won the prize. Many people become addicted to buying lottery tickets because they are cheap. So when you want to buy lottery tickets, make sure you only use the money you can afford and don't take too many risks so you don't lose too much money either.

A lottery buyer is naturally interested in winning the lottery because of the possibility of winning a large amount of money or prize at a low price. Some prefer to spend little money to get big opportunities. There are different types of lotteries where some are interested in national level lotteries and others are very interested in event based lotteries. Some buy more lotteries to turn their luck into winnings, but those who rely only on luck are not interested in buying more lotteries. I have seen some lottery buyers who buy lotteries regularly and think they will get lucky. Those who have bought lottery tickets regularly for a long time must have a good idea of how much money should be spent on lottery purchases. However, one should not spend money that exposes one to huge losses if lost.

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Quote from: Weawant on June 30, 2023, 01:42:27 AM

Quote from: Yatsan on June 27, 2023, 10:05:26 AM

I believe that people's belief towards lottery has something to do with poverty as well. They know it would be impossible to win, there's even a saying in my country that you are more likely to be struck by lightning than winning a lottery. But why do people still continue betting? 'coz they know there's someone who won and they are simply hoping that oneday they would be that someone even if it is a punch to the moon. Lottery speaks for luck. And believe it or not, I know someone who won two times in lottery on my country. It was hard to believe at first but seeing how fast the transition came to their family, I understood why many people are too hooked up with it.

Your observation of the poverty-gambling nexus is intriguing. It reminds me of the concept of 'poverty tax', a term used to describe the pattern where those with less income tend to spend a disproportionate amount of their money on lottery tickets, enticed by the dream of a life-changing windfall.

Your frien, the habitual lottery player, is an interesting case. It's as if he's caught in the web of lottery's seemingly immense but rare rewards rather than focusing on sports betting where his skills can actually bring in steady wins. A classic case of ignoring a stream of small fish for the chance of landing a whale, I'd say. I feel rebelliously empathetic for him.

When it comes to lottery winning stories, I can't deny being sociologically absorbed. These narratives do seem overblown, dont they? Its like fishing tales where the fish keeps getting bigger with each telling. Rather than being sucked into this whirlpool, it's more constructive to develop a balanced approach, understanding the risks involved and not being overly swayed by the elusive mega jackpot.

A very witty answer Blitzboy.

Although I think (or hope) it is the exception, I remember seeing twice in my life how two different people buying the typical scratch and win coupons on the street, compulsively scratching and asking for "another one" until they ran out of change. Although this case is different from the lotteries I was talking about in the OP, if we take into account the probability vs. possibility question and the huge prices, both games would be comparable.

Both gamblers were middle to low class, judging by their appearance, so I think that they fit in the "spend a disproportionate amount of their money" category.

On the other hand, lottery winning stories seem to be extremely salient for some people, but even in the cases they aren't, the fact that news on big wins are several magnitudes higher than news on losses create a distorted view of reality. To refute this view, we have the mathematics.

Topic: Lotteries and possibility vs. probability - page 40. (Read 6269 times)