Topic: Lotteries and possibility vs. probability - page 42. (Read 6269 times)

Quote from: o48o on June 26, 2023, 06:57:55 PM

The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

At least people thought that if they could buy more tickets, their chances of getting the prize would be bigger too. That's why people continue to buy lottery tickets because they still hope to be the winner and be able to bring home the prize. They never think winning is difficult but still love buying lottery tickets. Sometimes there is a special preoccupation with seeing the ticket numbers that can come out so the ticket owner becomes the winner. And for those who lose, they still don't stop buying at a later time because they want to be the winner.

^There are people who really want to find their luck at low odds because, for me, it is understandable that people believe buying more lottery tickets increases their chances of winning the prize? The hope of becoming a winner and taking home the coveted prize drives them to continue purchasing tickets. Despite the known difficulties of winning, individuals remain enthusiastic about buying lottery tickets. There is a certain fascination with anticipating the numbers that probably be drawn, as it brings forth the possibility of being declared the lucky winner. Even for those who have experienced losses, the desire to eventually secure a win keeps them motivated to buy tickets in subsequent attempts. It's a testament to the enduring optimism and the allure of the possibility of winning that keeps people engaged in this pursuit.

The hope of getting the prize by buying more lottery tickets leads them to keep trying because, with not too much money, their chances of winning will be greater. But actually, it will depend on the amount of luck they have because if they don't, they won't win and instead lose their money. But they don't regret it because they realize that it's a lottery game, and some keep buying lottery tickets, and some end up winning. And yes, it's like a motivation for them to keep buying lottery tickets even though the chances of luck coming to them are not big.

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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.

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I don't think nor have I personally seen it where a person pays extra money only for the possibility of winning a lottery, but people do that to increase their probability of winning since that determines how much chances of winning the main prize you have, but since we all know that lotteries are a category of gambling and things depend on luck whether it's a win or a loss, most people don't win anything even after buying so many tickets.

I personally believe that we shouldn't purchase extra tickets if we are willing to participate in a lottery because even if you have 10 tickets or 10 thousand tickets, your winning or not winning is never in your own hands, so it's simply wasting money.

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But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

The reason for this is only luck. With more tickets you only increase your probability of winning a lottery but there is no condition that if you hold more tickets you will win more. Some people only buy more tickets thinking the one with more tickets will definitely win, but this not the case.

They are pretty transparent about their audits and big ones are more then heavily regulated. Shady ones obviously can be anything but i think the idea about rigged lotteries comes from the fact that it's so rare to win the jackpot that no one knows or even sees anyone winning it. And it's hard to believe something you can't see in your own eyes.

Just go any of the sites and they will be open about their audits and transparency. If they are not they are crazy not to do that. You can also check organizations keeping gambling in check and laws of the area lottery you are playing is on.

I remember that we discussed in this Gambling section about something like that not long ago (although I can't find the topic right now).

The news was that, in certain lottery, the winning numbers turned out to be almost the same in two consecutive days: something like 5 numbers out of 6 coincided, which is almost impossible. As a result, many people got angry because they were sure that the lottery was rigged.

But if you take into account how many different lotteries are played every day worldwide and the fact that luck is capricious, anyone can realise that it is just a matter of time before said coincidences happen.

As you said, most organisations are open about their system because, the way lotteries are designed, it is more than enough to maintain profitability without any shady maneuver. I'm not saying there aren't rigged lotteries, just that in most cases the incentive to rig them is not worth it.

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But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

The reason for this is only luck. With more tickets you only increase your probability of winning a lottery but there is no condition that if you hold more tickets you will win more. Some people only buy more tickets thinking the one with more tickets will definitely win, but this not the case.

The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

Most people being participate in lotteries not because they want fun but indeed they want the winning amount. And the prizes in the lottery are very high and therefore they attarct the gamblers.

Being a gambler, everyone must have an experience of lottery and must have participated in it in thier gambling life, however only a few of them may have won.

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Quote from: Lanatsa on June 26, 2023, 04:57:23 PM

But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

The reason for this is only luck. With more tickets you only increase your probability of winning a lottery but there is no condition that if you hold more tickets you will win more. Some people only buy more tickets thinking the one with more tickets will definitely win, but this not the case.

They are pretty transparent about their audits and big ones are more then heavily regulated. Shady ones obviously can be anything but i think the idea about rigged lotteries comes from the fact that it's so rare to win the jackpot that no one knows or even sees anyone winning it. And it's hard to believe something you can't see in your own eyes.

Just go any of the sites and they will be open about their audits and transparency. If they are not they are crazy not to do that. You can also check organizations keeping gambling in check and laws of the area lottery you are playing is on.

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Quote from: DoublerHunter on June 26, 2023, 04:40:54 PM

Quote from: Lanatsa on June 26, 2023, 04:57:23 PM

The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

At least people thought that if they could buy more tickets, their chances of getting the prize would be bigger too. That's why people continue to buy lottery tickets because they still hope to be the winner and be able to bring home the prize. They never think winning is difficult but still love buying lottery tickets. Sometimes there is a special preoccupation with seeing the ticket numbers that can come out so the ticket owner becomes the winner. And for those who lose, they still don't stop buying at a later time because they want to be the winner.

^There are people who really want to find their luck at low odds because, for me, it is understandable that people believe buying more lottery tickets increases their chances of winning the prize? The hope of becoming a winner and taking home the coveted prize drives them to continue purchasing tickets. Despite the known difficulties of winning, individuals remain enthusiastic about buying lottery tickets. There is a certain fascination with anticipating the numbers that probably be drawn, as it brings forth the possibility of being declared the lucky winner. Even for those who have experienced losses, the desire to eventually secure a win keeps them motivated to buy tickets in subsequent attempts. It's a testament to the enduring optimism and the allure of the possibility of winning that keeps people engaged in this pursuit.

Who doesnt want on hitting up the jackpot? We know that this is a life changing opportunity on which you could be able to win up huge money and could able to to buy all the things that you do want.
We know that odds or chances is really that slim on which it would really be just that normal that we would really be having those kind of hopes and dreams that we could be able to get or hit the jackpot.
It is really that so easy to say but it is really that hard to be done considering the odds which is really close to impossible.

I really know the feeling of hitting a jackpot, but not on the lottery though but on FortuneJack. But it is a good amount since it is worth around $20k from a 100 satoshi bet. It is really exciting and breathtaking when I found out that I hit the pattern for the jackpot.

Knowing on the ticket price which it is really that cheap then people wont really be bothered on spending it up. We can buy how many tickets as much as we want on day to day basis considering
its cheap but if you do have that kind of behavior then you would really be finding this to be none ideal because if those tickets amount or value would be accumulate then for sure you would really be having
those talks that you should have at least saved up those money for long time and that would be considerable.

Yeah, when I clean our cabinet, I saw the lottery ticket piling on one of the drawer and it was too many. I could have buy a motorcycle from the accumulated amount of the tickets I bought.

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Quote from: DoublerHunter on June 26, 2023, 04:40:54 PM

The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

At least people thought that if they could buy more tickets, their chances of getting the prize would be bigger too. That's why people continue to buy lottery tickets because they still hope to be the winner and be able to bring home the prize. They never think winning is difficult but still love buying lottery tickets. Sometimes there is a special preoccupation with seeing the ticket numbers that can come out so the ticket owner becomes the winner. And for those who lose, they still don't stop buying at a later time because they want to be the winner.

^There are people who really want to find their luck at low odds because, for me, it is understandable that people believe buying more lottery tickets increases their chances of winning the prize? The hope of becoming a winner and taking home the coveted prize drives them to continue purchasing tickets. Despite the known difficulties of winning, individuals remain enthusiastic about buying lottery tickets. There is a certain fascination with anticipating the numbers that probably be drawn, as it brings forth the possibility of being declared the lucky winner. Even for those who have experienced losses, the desire to eventually secure a win keeps them motivated to buy tickets in subsequent attempts. It's a testament to the enduring optimism and the allure of the possibility of winning that keeps people engaged in this pursuit.

Who doesnt want on hitting up the jackpot? We know that this is a life changing opportunity on which you could be able to win up huge money and could able to to buy all the things that you do want.
We know that odds or chances is really that slim on which it would really be just that normal that we would really be having those kind of hopes and dreams that we could be able to get or hit the jackpot.
It is really that so easy to say but it is really that hard to be done considering the odds which is really close to impossible.

Knowing on the ticket price which it is really that cheap then people wont really be bothered on spending it up. We can buy how many tickets as much as we want on day to day basis considering
its cheap but if you do have that kind of behavior then you would really be finding this to be none ideal because if those tickets amount or value would be accumulate then for sure you would really be having
those talks that you should have at least saved up those money for long time and that would be considerable.

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The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

At least people thought that if they could buy more tickets, their chances of getting the prize would be bigger too. That's why people continue to buy lottery tickets because they still hope to be the winner and be able to bring home the prize. They never think winning is difficult but still love buying lottery tickets. Sometimes there is a special preoccupation with seeing the ticket numbers that can come out so the ticket owner becomes the winner. And for those who lose, they still don't stop buying at a later time because they want to be the winner.

^There are people who really want to find their luck at low odds because, for me, it is understandable that people believe buying more lottery tickets increases their chances of winning the prize? The hope of becoming a winner and taking home the coveted prize drives them to continue purchasing tickets. Despite the known difficulties of winning, individuals remain enthusiastic about buying lottery tickets. There is a certain fascination with anticipating the numbers that probably be drawn, as it brings forth the possibility of being declared the lucky winner. Even for those who have experienced losses, the desire to eventually secure a win keeps them motivated to buy tickets in subsequent attempts. It's a testament to the enduring optimism and the allure of the possibility of winning that keeps people engaged in this pursuit.

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Quote from: Fivestar4everMVP on June 26, 2023, 12:06:03 PM

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The lottery is all about luck...

Luck is certainly one of the factors that influence the result in gambling. But in general, gambling consists of pure mathematics, and luck is just the triggering of a chance. The "distance" - the number of outcomes - also affects. Why do they say that the casino always wins? Because it is taken into account that there is no 50-50 for the player. There are 49 to 51 in favor of the casino. This is with a large number of outcomes. It turns out that the more we play, in a sense, we tend to lose more and more.
That is why if I receive bonus money from the casino, I make only one bet. So that the number of outcomes is minimal. Because you can't fool mathematics. But you can try to predict to some extent what will happen with a certain number of games.

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Quote from: Haunebu on June 26, 2023, 11:31:09 AM

Quote from: Haunebu on June 26, 2023, 11:31:09 AM

But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

All of this is common sense. Who doesn't know any of this stuff? Miracles keep happening now and then in the world of gambling due to the randomness factor which is why so many small-scale gamblers keep playing lotteries regularly to try and change their lives.

However, the chances for someone who purchased many tickets are drastically higher in comparison and they don't really require miracles.

What the first user said is very true, and in other words, it's to say that most lotteries are rigged, this is if I was to assume that those who bought a few tickets and those who bought very many tickets all have equal chances, but like you said, those with more tickets does always stand a better chance of winning the lottery, but that has never been a guarantee though.

Aside national lotteries, FreeBitco lottery is one I participate in almost every week, many a times I've seen players with as little as 100 to 150 tickets winning the number one spot, which is the highest, while those with lots of tickets end up with the smaller prices.

Because luck is in play on this game like most casino games. So the number of tickets you purchased is not the determinant factor to win.
But the more tickets you have, the better chance of winning, but as you said, still not a guarantee to win.
When you play the lottery, you have this hope of winning, however, need to accept the fact that the chance of winning is still small.
So if you are placing bets on lottery, it means, you don't expect that you will win, but you will be happy if you hit one.
What I like about government lotteries is that some of their proceeds are going to charity and helping people in need.

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But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

All of this is common sense. Who doesn't know any of this stuff? Miracles keep happening now and then in the world of gambling due to the randomness factor which is why so many small-scale gamblers keep playing lotteries regularly to try and change their lives.

However, the chances for someone who purchased many tickets are drastically higher in comparison and they don't really require miracles.

What the first user said is very true, and in other words, it's to say that most lotteries are rigged, this is if I was to assume that those who bought a few tickets and those who bought very many tickets all have equal chances, but like you said, those with more tickets does always stand a better chance of winning the lottery, but that has never been a guarantee though.

Aside national lotteries, FreeBitco lottery is one I participate in almost every week, many a times I've seen players with as little as 100 to 150 tickets winning the number one spot, which is the highest, while those with lots of tickets end up with the smaller prices.

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But do you know that if the lottery is not rigged and is transparent, sometimes a person with only one or two tickets can end up winning while the whales who bought a lot of tickets remain empty handed.

All of this is common sense. Who doesn't know any of this stuff? Miracles keep happening now and then in the world of gambling due to the randomness factor which is why so many small-scale gamblers keep playing lotteries regularly to try and change their lives.

However, the chances for someone who purchased many tickets are drastically higher in comparison and they don't really require miracles.

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The lottery is all about luck... I think that even with more tickets chances of hitting the jackpot are still slim. I never played state (or any other) lottery, I don't see some entertainment in that, I am more for some other gambling games, more dynamic ones.

I don't like lotteries, at least I don't like to buy tickets. But I like to collect tickets with playing (wagering, depositing...), it's something I find interesting.

At least people thought that if they could buy more tickets, their chances of getting the prize would be bigger too. That's why people continue to buy lottery tickets because they still hope to be the winner and be able to bring home the prize. They never think winning is difficult but still love buying lottery tickets. Sometimes there is a special preoccupation with seeing the ticket numbers that can come out so the ticket owner becomes the winner. And for those who lose, they still don't stop buying at a later time because they want to be the winner.

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The lottery is all about luck...

Well, actually as with gambling in general, it's all about EV. As far as I know, lotteries return in prizes between 50% and 70% of the proceeds, so the EV ranges between -30% and minus 50% and if we think that most people what they do when they win a small prize is to buy lottery tickets again, we can see the interest compounding but in a negative sense.

There are also some particularities, such as when there is a jackpot, where it can be EV+ but if they are of the Euromillions type in which the jackpot is concentrated in the first prize, we must think that we do not have many lives for the EV to materialize.

The bottom line is that the lottery is not worth playing from a mathematical point of view, only from an emotional point of view.

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