Lotteries and possibility vs. probability - page 9.

paxmao

legendary

Activity: 2184

Merit: 1575

Do not die for Putin

Quote from: Reatim on November 01, 2023, 09:04:22 PM

Quote from: Porfirii on June 23, 2023, 12:22:41 PM

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.

we even dream for impossible then why not for this very low odds ? I mean this is something that give them excitement and enjoying while trying to get lucky.
so I believe that what we have here is something extraordinary that only lottery bettors only knows.

Quote

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.

yes , that is on me as I only bet 1 dollar per betting and that is enough for 3 combination in my country so that should be enough to try the possibilities.

Quote

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 care nothing about taxes because it is lottery that they will took off the tax if ever comes my way so i need not to worry.

Yes that is right, mostly posibility is about "hope" and probability is about math and statistics and the real chances of winning. However if you just want the posibility, it is not realistic to think that you are ok with 1 in ten million. That is not really going to fly with yourself, because it is so low that there is not that "posibility" factor in there to make it worth.

savetheFORUM

full member

Activity: 1050

Merit: 140

Quote from: btc78 on November 01, 2023, 03:38:37 AM

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

There is no issue for someone trying their luck at different lotteries with as low as $1 being spent on each one knowing that winning it is all dependent on luck. One cannot win just for spending much money on the tickets. Still, the problems begin when a person starts to spend a lot of money on lotteries, and ignoring the probability of winning wouldn't make them win even if they spend everything they have to increase that to a higher percentage.

As long as one isn't lucky enough, they can't win anything in a lottery. I've seen people spending hundreds of thousands of dollars in lotteries hoping to win the main prize but unfortunately they didn't, so spending so much time and then getting a reward that doesn't even compensate you for what you've spent isn't a wise idea, in my opinion.

Hirose UK

hero member

Activity: 1260

Merit: 503

Leading Crypto Sports Betting & Casino Platform

Quote from: Blitzboy on November 02, 2023, 02:49:45 AM

Quote from: Oilacris on November 01, 2023, 07:14:28 PM

Quote from: Porfirii on November 01, 2023, 03:55:17 PM

`

When it comes to lottery rules and terms then for sure there would really be and this is why it would really be just that normal that reading up terms and conditions wont really be that spending up that long time on which means that its always been that good for you to read up so that you would be pretty aware on whose been that allowed and whose been that restricted. You would really be putting up yourself on much trouble if you have missed one of those information.In speaking about having migration then it would be depending because if the prize is really that big then you could really be making out such decision but most likely people wouldnt really be leaving their country just for the sake of that but well it would vary since there are ones who are really that willing on doing so.

Learning lotto tos is a good idea. To prevent unintentional violations, it is wise to read and comprehend the terms. Even if the concepts are repeated, they help participants understand and get rid of any confusion.

So far, I've only bet on the lottery a few times because I just curious and in my opinion the lottery doesn't have any high fives that gamblers can learn if there is maybe there only maximum time limit for exchanging prizes if you bet in traditional betting shop.
However, if you bet on the lottery on an online site there is no such thing because when you win the money will go straight into your account wallet.

This is to the best of my knowledge and if there is something wrong, please correct it and correct it.

Quote

When talking about the prospect of moving abroad in an attempt to win the lotto, its critical to acknowledge the complexity of this choice. Even while a large prize may make relocation a consideration, the final decision would probably include thorough assessment of many other reasons. The levels of decision-making are complex and differ greatly from person to person.

In fact, all lottery betting providers are the same and the size of your winnings depends on the numbers you have on the ticket.
The only difference is whether the provider will pay all winnings if they are large or not because many local lottery providers run away when gambler wins big.
It is better to avoid such providers and use a trusted agent.

piebeyb

legendary

Activity: 2296

Merit: 1038

Leading Crypto Sports Betting & Casino Platform

Quote from: UmerIdrees on June 23, 2023, 03:28:47 PM

Participation in the lottery is extremely easy because they will charge you a very little amount for participation. And the prizes for the lottery are usually mouth watering and very big.

That is the main reason why we see a lot of participation in the lotteries although most of the participants know that winning is extremely unlikely in the lottery.

Yes, because the lottery prizes are quite large, that's what makes people enjoy playing the lottery because there are no games that give big prizes with a few smaller bets, therefore only the lottery can make people rich in a short time even though the game still relies on luck. I also often buy the lottery even though I have never won it, there is no problem as long as I buy it, it is still affordable.

My friend once won the lottery and unfortunately he couldn't manage the prize money properly so he came back again and is now poor, even though his winnings at that time were quite a lot, but without proper management and a financial advisor, even if he won the lottery it would all be useless. will run out in a short time too, rich quickly and poor also quickly

Blitzboy

hero member

Activity: 1218

Merit: 556

Leading Crypto Sports Betting & Casino Platform

Quote from: Oilacris on November 01, 2023, 07:14:28 PM

Quote from: Porfirii on November 01, 2023, 03:55:17 PM

`

When it comes to lottery rules and terms then for sure there would really be and this is why it would really be just that normal that reading up terms and conditions wont really be that spending up that long time on which means that its always been that good for you to read up so that you would be pretty aware on whose been that allowed and whose been that restricted. You would really be putting up yourself on much trouble if you have missed one of those information.In speaking about having migration then it would be depending because if the prize is really that big then you could really be making out such decision but most likely people wouldnt really be leaving their country just for the sake of that but well it would vary since there are ones who are really that willing on doing so.

Learning lotto tos is a good idea. To prevent unintentional violations, it is wise to read and comprehend the terms. Even if the concepts are repeated, they help participants understand and get rid of any confusion.

When talking about the prospect of moving abroad in an attempt to win the lotto, its critical to acknowledge the complexity of this choice. Even while a large prize may make relocation a consideration, the final decision would probably include thorough assessment of many other reasons. The levels of decision-making are complex and differ greatly from person to person.

Porfirii

legendary

Activity: 1764

Merit: 2032

The Alliance Of Bitcointalk Translators - ENG>SPA

Quote from: Reatim on November 01, 2023, 09:04:22 PM

Quote from: Porfirii on June 23, 2023, 12:22:41 PM

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.

yes , that is on me as I only bet 1 dollar per betting and that is enough for 3 combination in my country so that should be enough to try the possibilities.

I guess that you're doing it the right way, so. Even in terms of probability the dollar per ticket is very expensive, it is not in terms of perceived value. But, while the price rises arithmetically with the number of tickets bought, that perceived value doesn't. So (just) another ticket for me too, please

Quote from: Reatim on November 01, 2023, 09:04:22 PM

Quote from: Porfirii on June 23, 2023, 12:22:41 PM

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 care nothing about taxes because it is lottery that they will took off the tax if ever comes my way so i need not to worry.

Yes, in fact, we should have to pay millions in taxes if we won, shouldn't we?

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Porfirii on June 23, 2023, 12:22:41 PM

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.

we even dream for impossible then why not for this very low odds ? I mean this is something that give them excitement and enjoying while trying to get lucky.
so I believe that what we have here is something extraordinary that only lottery bettors only knows.

Quote

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.

yes , that is on me as I only bet 1 dollar per betting and that is enough for 3 combination in my country so that should be enough to try the possibilities.

Quote

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 care nothing about taxes because it is lottery that they will took off the tax if ever comes my way so i need not to worry.

rodskee

full member

Activity: 2366

Merit: 191

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wiwo on November 01, 2023, 07:59:37 PM

Quote from: GigaBit on October 30, 2023, 03:55:43 AM

Yes, anyone who tries to buy or avoid lotteries from any position is right. No one should be looked down upon here. Because no one can guarantee. There is no guarantee that fate will ever favor. But many people try to keep themselves among the lucky ones. Everyone buys lottery tickets with the intention that even if the odds are slim, if luck favors them, their lives could change. I am sure that no one who buys a lottery ticket ever thinks that he will win the lottery especially the lotteries that have big prizes or jackpots. Those who buy lottery are optimistic and those who drink coffee with the lottery budget they are conscious.

A scenario played out today while I was gambling, I made a bet of a total of 5 odds and made a stake on 0.00004BTC which amounted to around a total payout of 0.0002 btc, this winning amount was so sure and I hard higher balance to stake on it but the fear of the possible outcome made me to withheld from staking the entire amount, but to my greatest surprise, I won the game and this game me a lot of excitement and sense of fulfilment.

Same thing with littwries, once you pick a ticket the remaining is left for luck and other things, so hitting a jackpot in lotteries is just by luck.

well , I remember that there are thread i come to cross here about some people/group that spend time,
effort and money just to beat the lotteries and yes they made it meaning that Math can conquer luck in this sense but yes some of them
losses bigger than the winning so the ending is they did not fully beat the gambling but luck that they battle, some gone to prison and
some are truly won, but yes gambling is equals to luck and if you are not willing to lose then never gamble at all, you are truly lucky that
time multiplying your bet to how many and yes made it to big winning before ending your gambling , COngratulations.

Wiwo

hero member

Activity: 1022

Merit: 667

Leading Crypto Sports Betting & Casino Platform

Quote from: GigaBit on October 30, 2023, 03:55:43 AM

Yes, anyone who tries to buy or avoid lotteries from any position is right. No one should be looked down upon here. Because no one can guarantee. There is no guarantee that fate will ever favor. But many people try to keep themselves among the lucky ones. Everyone buys lottery tickets with the intention that even if the odds are slim, if luck favors them, their lives could change. I am sure that no one who buys a lottery ticket ever thinks that he will win the lottery especially the lotteries that have big prizes or jackpots. Those who buy lottery are optimistic and those who drink coffee with the lottery budget they are conscious.

A scenario played out today while I was gambling, I made a bet of a total of 5 odds and made a stake on 0.00004BTC which amounted to around a total payout of 0.0002 btc, this winning amount was so sure and I hard higher balance to stake on it but the fear of the possible outcome made me to withheld from staking the entire amount, but to my greatest surprise, I won the game and this game me a lot of excitement and sense of fulfilment.

Same thing with littwries, once you pick a ticket the remaining is left for luck and other things, so hitting a jackpot in lotteries is just by luck.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Porfirii on November 01, 2023, 03:55:17 PM

Quote from: Fivestar4everMVP on November 01, 2023, 04:19:58 AM

Quote from: Westinhome on November 01, 2023, 04:04:27 AM

Quote from: btc78 on November 01, 2023, 03:38:37 AM

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

Most of the lottery buying gamblers will try their luck and not their possibility of winning or sure win from the lottery.My father use to buy lottery from his young age and till my age of 20.Later lottery was banned to my country and I had reached my father to buy lottery in online gambling sites.The winning amount of the online lottery was based on the number of the participants.But the offline lottery made their winning announcement before the withdrawal and sell number of lottery based on that.In both the game the owner will get more the money then that of the the all the winners of the lottery by combined to the owner win is high.

Didn't very clearly understand what you said or meant by all you said, but let me just point on a few things, and first is that, you didn't tell us if you dad did ever win the lottery before it was banned in your country, which i believed should have been a only motivation to keep buying the tickets online even after it was banned. If your dad did not ever win the offline lotteries he played, and you still encouraged and even thought him of the possibility of continuing his lottery activities online, then i must say that you are not a responsible son Grin

. (jokes on me anyways)

Let me just say that, though they may bear the same title, online lottery games and offline lottery games are not the same, at least, based on how i personally see them, i see offline lotteries as the main and original lotteries, like the ones organized and managed by the government of the country, or some big cooperations that are government registered and backed, this cannot be compared to online lotteries where it's just a casino running their business.

I have the same doubt after reading Westinhome's answer, and, in addition, some kind of worry about him and his father: if lotteries are banned in his country, don't they fear to lose the prize if they eventually win?

The other day I heard that, in my country, some people will lose their prize after winning the lottery if they meet some conditions, like for example being minors, judicially incapacitated, or those who joined a list to restrict their gambling activities, among others. So, what is your plan if you win big? will you emigrate to a different country where they are allowed? isn't that a bit risky?

When it comes to lottery rules and terms then for sure there would really be and this is why it would really be just that normal that reading up terms and conditions wont really be that spending up that long time on which means that its always been that good for you to read up so that you would be pretty aware on whose been that allowed and whose been that restricted. You would really be putting up yourself on much trouble if you have missed one of those information.In speaking about having migration then it would be depending because if the prize is really that big then you could really be making out such decision but most likely people wouldnt really be leaving their country just for the sake of that but well it would vary since there are ones who are really that willing on doing so.

Porfirii

legendary

Activity: 1764

Merit: 2032

The Alliance Of Bitcointalk Translators - ENG>SPA

Quote from: Fivestar4everMVP on November 01, 2023, 04:19:58 AM

Quote from: Westinhome on November 01, 2023, 04:04:27 AM

Quote from: btc78 on November 01, 2023, 03:38:37 AM

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

Most of the lottery buying gamblers will try their luck and not their possibility of winning or sure win from the lottery.My father use to buy lottery from his young age and till my age of 20.Later lottery was banned to my country and I had reached my father to buy lottery in online gambling sites.The winning amount of the online lottery was based on the number of the participants.But the offline lottery made their winning announcement before the withdrawal and sell number of lottery based on that.In both the game the owner will get more the money then that of the the all the winners of the lottery by combined to the owner win is high.

Didn't very clearly understand what you said or meant by all you said, but let me just point on a few things, and first is that, you didn't tell us if you dad did ever win the lottery before it was banned in your country, which i believed should have been a only motivation to keep buying the tickets online even after it was banned. If your dad did not ever win the offline lotteries he played, and you still encouraged and even thought him of the possibility of continuing his lottery activities online, then i must say that you are not a responsible son Grin

. (jokes on me anyways)

Let me just say that, though they may bear the same title, online lottery games and offline lottery games are not the same, at least, based on how i personally see them, i see offline lotteries as the main and original lotteries, like the ones organized and managed by the government of the country, or some big cooperations that are government registered and backed, this cannot be compared to online lotteries where it's just a casino running their business.

I have the same doubt after reading Westinhome's answer, and, in addition, some kind of worry about him and his father: if lotteries are banned in his country, don't they fear to lose the prize if they eventually win?

The other day I heard that, in my country, some people will lose their prize after winning the lottery if they meet some conditions, like for example being minors, judicially incapacitated, or those who joined a list to restrict their gambling activities, among others. So, what is your plan if you win big? will you emigrate to a different country where they are allowed? isn't that a bit risky?

knowngunman

sr. member

Activity: 574

Merit: 308

Quote from: slapper on November 01, 2023, 12:28:31 PM

Quote from: EarnOnVictor on October 31, 2023, 10:46:04 PM

It's good to understand what we are committing our money to instead of crying foul, being emotional/impatient or letting people talk down on it, it's our decision, so we should stand by it and accept the outcome boldly. Lottery for example is a very good means of trying our luck where we could use a very low amount to gain a very high amount depending on the kind of lottery we are playing and the risk level.

What I do is to steer clear of any thoughts when I play lotteries, I like to have a very plain mind and I don't think of the money used to play nor do I think of the outcome. I just accept the result as a good fate and that's it. This is the right mindset to play it, and it will be a very good one if people do not waste huge money on it because the combinations are often hard to get most times. It's major on luck even though some still have their mathematical combinations that work.

Simply said, lottery is a game of chance. Some people believe that their mathematical combinations have everything figured out, but in reality, luck plays a big role.

You know how to play with a clear brain, and that's a good attitude. Very astute. It's similar to entering into a business transaction while maintaining objectivity. You simply play, bide your time, and accept the result. No drama, no fuss. That's how it should be done! Regarding not squandering a ton of money on it, I wholeheartedly concur. It is really difficult to get such combinations just right. So why waste so much money? Always, always keep in mind that it's your money and your choice. Play wise, play safe. Maintain it, and keep your head up if things don't work out the way you planned! Another day, another game, another opportunity comes around every day. Most importantly, keep it lighthearted, cool, and most of all, enjoyable

I believe the general rule of thumb is to only gamble with money that you can afford to lose. If you go into a game with a clear idea of your bankroll, you're less likely to make impulsive decisions that could lead to losing more money than you intended. On the aspect of luck, Luck is a big factor in these games, and no system can guarantee a win but some people still believe that while luck is a factor, your choices can still make a difference and influence the outcome of the game. Some of these people use mathematical systems to try to predict the outcome of games, like roulette or blackjack. But in reality, the results of these games are random and can not be predicted with absolute certainty. It's more fun when you play with plain mind.

slapper

legendary

Activity: 1904

Merit: 1096

Leading Crypto Sports Betting & Casino Platform

Quote from: EarnOnVictor on October 31, 2023, 10:46:04 PM

Quote from: GigaBit on October 30, 2023, 03:55:43 AM

~snip~

It's good to understand what we are committing our money to instead of crying foul, being emotional/impatient or letting people talk down on it, it's our decision, so we should stand by it and accept the outcome boldly. Lottery for example is a very good means of trying our luck where we could use a very low amount to gain a very high amount depending on the kind of lottery we are playing and the risk level.

What I do is to steer clear of any thoughts when I play lotteries, I like to have a very plain mind and I don't think of the money used to play nor do I think of the outcome. I just accept the result as a good fate and that's it. This is the right mindset to play it, and it will be a very good one if people do not waste huge money on it because the combinations are often hard to get most times. It's major on luck even though some still have their mathematical combinations that work.

Simply said, lottery is a game of chance. Some people believe that their mathematical combinations have everything figured out, but in reality, luck plays a big role.

You know how to play with a clear brain, and that's a good attitude. Very astute. It's similar to entering into a business transaction while maintaining objectivity. You simply play, bide your time, and accept the result. No drama, no fuss. That's how it should be done! Regarding not squandering a ton of money on it, I wholeheartedly concur. It is really difficult to get such combinations just right. So why waste so much money? Always, always keep in mind that it's your money and your choice. Play wise, play safe. Maintain it, and keep your head up if things don't work out the way you planned! Another day, another game, another opportunity comes around every day. Most importantly, keep it lighthearted, cool, and most of all, enjoyable

mak013

hero member

Activity: 2338

Merit: 750

Quote from: Hamphser on October 30, 2023, 06:00:13 PM

People should something need to realize.

Speaking of chances then as long it wont really be dropping to 0% then they would reallybe trying out to get that 0.000001% chance of winning the lottery and realistically speaking on which
we do really even having those daydreaming on buying things that we do which it is really just that a normal kind of approach and this what makes things that people would really be that delusional
or being that too optimistic when it comes to things specially on winning that huge jackpot. We do already have those plans and divisions into that winning amount. Also, people should really be needing to
realize that if the jackpot prize is ex. $100M then it would be still on gross, you would be most likely be ending up on getting 65-75M in total due to tons of deductions.
So it isnt really that shocking anymore.

Even $65M will be enough for me

Some of lottery buyers want to test luck - it is ok, i don`t understand it due to maths, but it isn`t a problem for anyone. But the others try all their money to but tickets and believe that they win and it can change their life. And it is a problem - they don`t stop losing money.
As for me - the lottery ticket may be some nice small present but i don`t want to spend money trying to test luck with such chances.

Fivestar4everMVP

legendary

Activity: 2254

Merit: 1052

Leading Crypto Sports Betting & Casino Platform

Quote from: Westinhome on November 01, 2023, 04:04:27 AM

Quote from: btc78 on November 01, 2023, 03:38:37 AM

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

Most of the lottery buying gamblers will try their luck and not their possibility of winning or sure win from the lottery.My father use to buy lottery from his young age and till my age of 20.Later lottery was banned to my country and I had reached my father to buy lottery in online gambling sites.The winning amount of the online lottery was based on the number of the participants.But the offline lottery made their winning announcement before the withdrawal and sell number of lottery based on that.In both the game the owner will get more the money then that of the the all the winners of the lottery by combined to the owner win is high.

Didn't very clearly understand what you said or meant by all you said, but let me just point on a few things, and first is that, you didn't tell us if you dad did ever win the lottery before it was banned in your country, which i believed should have been a only motivation to keep buying the tickets online even after it was banned. If your dad did not ever win the offline lotteries he played, and you still encouraged and even thought him of the possibility of continuing his lottery activities online, then i must say that you are not a responsible son Grin

. (jokes on me anyways)

Let me just say that, though they may bear the same title, online lottery games and offline lottery games are not the same, at least, based on how i personally see them, i see offline lotteries as the main and original lotteries, like the ones organized and managed by the government of the country, or some big cooperations that are government registered and backed, this cannot be compared to online lotteries where it's just a casino running their business.

Westinhome

hero member

Activity: 1582

Merit: 514

Quote from: btc78 on November 01, 2023, 03:38:37 AM

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

Most of the lottery buying gamblers will try their luck and not their possibility of winning or sure win from the lottery.My father use to buy lottery from his young age and till my age of 20.Later lottery was banned to my country and I had reached my father to buy lottery in online gambling sites.The winning amount of the online lottery was based on the number of the participants.But the offline lottery made their winning announcement before the withdrawal and sell number of lottery based on that.In both the game the owner will get more the money then that of the the all the winners of the lottery by combined to the owner win is high.

btc78

full member

Activity: 2492

Merit: 212

Eloncoin.org - Mars, here we come!

people who cling on to lotteries don’t care about the probability all they can think of is that there is a possibility of them spending a dollar and then having millions more the next morning that’s hugely inviting even i have daydreamed about winning the lottery a little more than once even if i know that the probability of me winning is very low but hey a little hope won’t kill (unless it becomes too much and you get addicted to buying lottery tickets which is a gambling form in itself)

EarnOnVictor

hero member

Activity: 644

Merit: 592

Leading Crypto Sports Betting & Casino Platform

Quote from: GigaBit on October 30, 2023, 03:55:43 AM

Quote from: tusandii on October 26, 2023, 12:20:19 PM

Quote from: mak013 on October 26, 2023, 07:14:17 AM

Quote from: tusandii on October 25, 2023, 01:13:05 PM

Quote from: mak013 on October 25, 2023, 03:28:53 AM

Quote from: paxmao on October 23, 2023, 07:04:41 PM

-snip-

However, I have a different opinion when someone has nothing wrong with spending a small part of their money to buy lottery tickets such as $0.1 to buy 5 tickets or 10 tickets and that is not a big number for everyone and it would be better to do it only when you have money but according to I think everyone can afford to have $1 every day and there is no problem losing $1 to try their luck at getting the jackpot from the lottery.
We will never know when we will be lucky and buying lottery tickets with the smallest amount will not make us poor as long as we can consistently think that this is just an attempt to get lucky.

It is just testing luck. There is no problem, when you have an opportunity to spend this $1. But if you have to choose to buy bread or lottery ticket - it is not a good time for testing luck.
And, the same time i don`t think that it is a clever decision to believe that you can become the winner between 10.000.000 people. I`d prefer to buy coffee.

I can respect your opinion because everyone has a different point of view and even if you prefer to buy coffee rather than buying a lottery ticket, that's a wise decision, but for me personally, luck will come to someone who is willing to try, even though the chance of winning is very small, but we everyone doesn't know when luck will come so I keep buying small amounts but can still buy coffee and enjoy this sensation.

Yes, anyone who tries to buy or avoid lotteries from any position is right. No one should be looked down upon here. Because no one can guarantee. There is no guarantee that fate will ever favor. But many people try to keep themselves among the lucky ones. Everyone buys lottery tickets with the intention that even if the odds are slim, if luck favors them, their lives could change. I am sure that no one who buys a lottery ticket ever thinks that he will win the lottery especially the lotteries that have big prizes or jackpots. Those who buy lottery are optimistic and those who drink coffee with the lottery budget they are conscious.

It's good to understand what we are committing our money to instead of crying foul, being emotional/impatient or letting people talk down on it, it's our decision, so we should stand by it and accept the outcome boldly. Lottery for example is a very good means of trying our luck where we could use a very low amount to gain a very high amount depending on the kind of lottery we are playing and the risk level.

What I do is to steer clear of any thoughts when I play lotteries, I like to have a very plain mind and I don't think of the money used to play nor do I think of the outcome. I just accept the result as a good fate and that's it. This is the right mindset to play it, and it will be a very good one if people do not waste huge money on it because the combinations are often hard to get most times. It's major on luck even though some still have their mathematical combinations that work.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: atamism on October 30, 2023, 12:33:30 PM

Yup, I also buy lottery ticket for fun, like 1 out of 5 million chance to win. Just like every other say. Gamble responsible, if you dont have money then don’t try or do it. Here in our country, lottery now is so suspicious. Like every week there’s a winner? Like how? It looks like there’s an inside job.

If you want to play, just play. Don’t put any feelings when you gamble your money.

Yes, gambling responsibly is something we must always remember and do. That's the only thing that can prevent us from losing a lot. We also don't need to experience what other gamblers experience.

We are responsible with ourselves and our money so we should only use gambling for fun. For lotteries, there is a time frame given to people to buy into them. And it could be a week or two or even a week before we see the winner. The winner will not be announced in detail and the outlet may announce the lottery number.

I don't know if there is an insider or if it is purely from the results of the lottery spin. But I assume it is the results of the lottery spin that will produce the winning numbers.

Porfirii

legendary

Activity: 1764

Merit: 2032

The Alliance Of Bitcointalk Translators - ENG>SPA

Quote from: Hamphser on October 30, 2023, 06:00:13 PM

Quote from: BenCodie on October 30, 2023, 05:06:37 PM

Quote from: Porfirii on June 23, 2023, 12:22:41 PM

<...>

<...>

Also, people should really be needing to
realize that if the jackpot prize is ex. $100M then it would be still on gross, you would be most likely be ending up on getting 65-75M in total due to tons of deductions.
So it isnt really that shocking anymore.

I don't need yachts or private jets to be extremely happy. In my country, 1 million would be enough to change anyone's life (liquidate mortgage, invest a part to get passive income, and keep working in something you really like, even if it is poorly paid, and you have guaranteed a fulfilling life). I will even say more: above that prize, I don't think the level of happiness will increase.

Maybe 2 millions, so I can also free the next generation? I'm not sure about it: chances are that my children would grow up spoiled. I might keep the second million to counteract the effects of inflation, and that would be all.

About the remaining millions, I would have to see myself in such situation, but I think that the best decision would be to donate them to relatives, close friends, a good cause... so even if I won 65M instead of 100M, better for me: it would mean less worries Cheesy

Topic: Lotteries and possibility vs. probability - page 9. (Read 5828 times)