Does anyone here actually turn a profit in the long run?

Reply #69

corius$1918! — Sun, 26 Sep 2010 04:07:10 GMT

wOW! You must have a good income!

Doctor, Lawyer, Accountant

Reply #68

truecritic — Sat, 25 Sep 2010 19:36:58 GMT

Back in the days when CalifDude was still allowed in!

You have 3 months seniority on me.

Reply #67

dr65 — Sat, 25 Sep 2010 19:16:47 GMT

lmao joker! Thank you! 1827 I wanted to remember that number tonight....along with 1825.

Joker, I've seen you put up a LOT of useful, working systems.

Jordans, I've seen you put up things too.

I think you're both making valuable contributions, that's what counts.

Reply #66

joker17 — Sat, 25 Sep 2010 19:11:59 GMT

Prove your abilities or shut the heck up already with your BS crap. I don't care If you were a member since 1827, it's all talk talk talk.

Obviously you haven't been around LP long enough to see all the Nut jobs who come crawling out of the woodwork claiming they've solved the secrets of the universe, and can't back them up.

Put me in my place and prove it. This isn't the first time I've asked this question since 2005. I've been here longer than you think.

Believe when I say I've seen a... [ More ]

Reply #65

Jordans121 — Sat, 25 Sep 2010 18:51:12 GMT

Dude, look at how long I have been a member. In the beginning of my membership I was just like you are now, dumb-founded. Since then I buckled down and as a result Im much better now. Sorry you cant say the same for yourself.

Reply #64

joker17 — Sat, 25 Sep 2010 18:47:40 GMT

I've been wracking my brain, studying the p-3 since 1987, when I lived in Tonapah, Arizona, when Jordan was 2 years old, crawling on the floor in his diapers, and I still haven't been able, to this day, make a p-3 system, or buy one that produces enough to live off the wins, or seen anyone who has PROVED they make more than they lose in a consistent fashion, but Jordan has solved the mystery.

Now that's amazing!

Unfortunately for him, until he proves it, I'm putting him on the list of all... [ More ]

Reply #63

truecritic — Sat, 25 Sep 2010 18:30:34 GMT

Just for the sake of answering the topic of this forum, here is a member that claims he does win.

https://www.lotterypost.com/thread/220791/1788462

Reply #62

rcbbuckeye — Mon, 20 Sep 2010 00:00:56 GMT

No problem. I actually agreed with all you said. It simply makes sense.

My math is not the greatest and I actually got out the calculator to double check before I posted. LOL.

Reply #61

truecritic — Sun, 19 Sep 2010 23:44:24 GMT

Unpleasant or just honest?

Everyone here should question things like Luminus has done. This is a forum, after all and discussion might help people with the answers. If you are playing the lottery with the expectation of winning free money like some kind of giveaway - then you aren't being honest with yourself.

Reply #60

st.germain — Sun, 19 Sep 2010 21:37:04 GMT

Luminous, you really sound like a really unpleasent person ...you must be a real charm among friends and family...you really could use a visit from the good luck fairy....her cousin is the good mannered fairy....your not in kansas anymore ..lol.....Don't bother to respond. I don't usually communicate with nuts like you.

Reply #59

truecritic — Sun, 19 Sep 2010 18:29:09 GMT

Know what? You've convinced me I was right at 9 . Thanks.

The analogy throughout my comedy of errors is that winning a prize, even if it does not produce a profit is well worth achieving. It lowers your cost to play the game and does not affect your chance of winning the prize for whatever particular game you are playing.

Reply #58

rcbbuckeye — Sun, 19 Sep 2010 15:17:35 GMT

I thought you were right the first time. You ended up paying $9 for 100 tics, .09 per tic.

Reply #57

truecritic — Sun, 19 Sep 2010 10:31:01 GMT

Folks...my math seems destined to be off. Next time I'll pick something where the highest numbers are 2+2.

Not 9 cost for each ticket. They would cost 18 each. ($9.00/50). Which is an 82% discount as shown above.

Sorry, again.

Reply #56

truecritic — Sun, 19 Sep 2010 04:11:26 GMT

My apologies, this line is incorrect for the analogy I tried to setup. I'm surprised no one pointed it out me!

Let's use straight bet P3, 100 tickets purchased over 100 games for an example.

Naturally, if only betting straights for $1, a minimum win would be $500. I picked numbers out of the air to illustrate what I was trying to get across to you - and of course, those exact amounts could not occur. The analogy stays the same though. Illustrating why SPs are better, even if you don't mak... [ More ]

Reply #55

truecritic — Sat, 18 Sep 2010 20:07:51 GMT

posted by Luminus

You use terms like believe and I don't think and somehow you think that's supposed to mean something? What you believe and think is true is irrelevant. Someone on the planet believes really strongly that the earth is flat. Is the earth flat?

You say SPs are a better choice, then go on to say that you won't have a profit without a JP win. How exactly did you determine that SPs are better than QPs, if neither makes a profit? That doesn't make any sense. Let it go.

Let... [ More ]

Reply #54

RJOh — Sat, 18 Sep 2010 19:30:48 GMT

From Luminus post:

You know what's it going to be. Getting someone to give up their lottery winning system isn't going to be that easy. In fact if such a system exists, it wouldn't even be for sale let alone be offered up on a dare.

LP is a forum for discussions lotteries so you should expect a lot of talk that not backed up. It's up to you to separate truth from fiction.

That's . I'm not asking anyone to reveal how their system works. I'm just asking for a demonstration. NO EXC... [ More ]

Reply #53

TeAl*888 — Sat, 18 Sep 2010 19:07:08 GMT

If you don't see that spending more than what you gain as a loss, then you don't understand math. I'm not interested in metaphysical claptrap about the universe. Just do it.

Quoting Luminus

-----------------------------------------------------------------------------------------------------------------------------------

Obviously your perspective on the issue is a conservative one!

Let me put it this way: there are different types of Investment

this is a Long Term Investment and... [ More ]

Reply #52

Luminus — Sat, 18 Sep 2010 18:46:31 GMT

Original Post by jrosina

Luminus, when I first started and very new I used to get so excited that yes!! You are right!! I lost a lot of Investment !

we can loose sight of the big picture! and that is to make more than we spend!! It took me a long while to get it; even dough I had two of the Best in the digit game teaching me; they where my grandmother and my mother; boy they were good!!

It does take a special kind of self restrain not to go over board; especially when you are So

Reply #51

truecritic — Sat, 18 Sep 2010 02:53:19 GMT

Are you using a system for that?

Or maybe just your average QUICK PICK up and run

Reply #50

TeAl*888 — Sat, 18 Sep 2010 01:26:39 GMT

.. I guess it's all about 'how motivated you are

Reply #49

rdgrnr — Sat, 18 Sep 2010 01:17:54 GMT

What is a long run?

That can be a tricky question.

Sometimes the longest run in the world for me is from the back door to the outhouse after supper.

Reply #48

TeAl*888 — Sat, 18 Sep 2010 01:09:17 GMT

Turn Profit in the Long run

What is long run? a year? 2 years?..or 10 years?

I've been playing for about 2.5 years and of every $3 that I've spent I've won $1

but I don't see it as loss, the actual profit here is knowledge gained (for a player)

and in the Long Run with a little bit of help from the universe :) you will get the desired results!

You can't hit the target if you don't shoot!

So yes in the Long run it is possible to make profit. Just gotta stick with it a... [ More ]

Reply #47

rdgrnr — Sat, 18 Sep 2010 00:15:18 GMT

OK thanks, I get it now, good luck to you.

Reply #46

truecritic — Sat, 18 Sep 2010 00:13:54 GMT

I don't keep books on the wins and loses. For P3, I believe I am slightly ahead. Then again I don't think I have spent more than $100 total on P3 - and I am probably about that much ($100) ahead.

I've bought QP and I've used SPs (self-picks). (systems, strategies, ideas, methodologies). I've never bought QPs for P3 games. I had 3 dreams involving 3 digit numbers. Two of the dreams paid off, I made a profit. The third lost. I may have even used some birthday numbers through my lifetime, can't... [ More ]

Reply #45

gsc5 — Fri, 17 Sep 2010 23:29:10 GMT

I am not trying to evade your question. Like most playing lottery, I was putting money trying to win

p/3 $600 or Mo lotto and powerball. And like most, profits are few and far between.

Imagine, if you could show a net profit of $100. a week, playing box, thats $5200. a yr. or

$25,000. in 5 yrs, 10 yrs over $50,000.

Think about it, a lot of numbers can be played for very little money.

For the first time, for the last 3 weeks I've played only box, and my net profit is way up. I d... [ More ]

Reply #44

gsc5 — Fri, 17 Sep 2010 23:18:01 GMT

Reply #43

jrosina — Fri, 17 Sep 2010 22:54:39 GMT

Rd I will anwer you my friend! am still ahead, some weeks I am ahead by Yards, and other weeks by doves

Reply #42

jrosina — Fri, 17 Sep 2010 22:49:00 GMT

Luminus, when I first started and very new I used to get so excited that yes!! You are right!! I lost a lot of Investment !

we can loose sight of the big picture! and that is to make more than we spend!! It took me a long while to get it; even dough I had two of the Best in the digit game teaching me; they where my grandmother and my mother; boy they were good!!

It does take a special kind of self restrain not to go over board; especially when you are So Sure you know what is coming!!! LO... [ More ]

Reply #41

rdgrnr — Fri, 17 Sep 2010 22:27:58 GMT

Never mind.

You answer a simple question like a politician.

Reply #40

gsc5 — Fri, 17 Sep 2010 22:06:07 GMT

It seems to me that everybody poo - poo's playing p/3 box. Some play str/box, but box only,

give me a break, you'd have to be nuts. Everyone wants the jackpot and thats what they play, its

no wonder so few show a profit. Do you thinks its not possible to walk away with a $50 net profit?

Why not try to make a net profit everyday of $50 or more.

Reply #39

rdgrnr — Fri, 17 Sep 2010 21:09:44 GMT

Are you saying you are ahead at least $50 every week

Reply #38

gsc5 — Fri, 17 Sep 2010 20:56:26 GMT

I think anyone can make a profit. Its the game your playing. You can play p/3 box and make a net profit of at least $50 a week.

Reply #37

RJOh — Fri, 17 Sep 2010 17:37:33 GMT

..... All I hear is big talk. I can do this or My system can do that. Whatever. There's an old term from the '80's we used to say: Put up or shut up.

What's it going to be?

You know what's it going to be. Getting someone to give up their lottery winning system isn't going to be that easy. In fact if such a system exists, it wouldn't even be for sale let alone be offered up on a dare.

LP is a forum for discussions lotteries so you should expect a lot of talk that not backed up. It's up... [ More ]

Reply #36

GASMETERGUY — Fri, 17 Sep 2010 16:16:28 GMT

I am not sure I am understanding what you said. There are juvenile posts on this site as there are on any public forum site. Heck, I have a posted a few myself. Go back and read what I said early on, shortly after I joined. You might get a chuckle out of them.

As to referring to a particular person, I try not to do that too often. I already have tiggs95 mad at me. My little red wagon is full at the moment; there is no room for anyone else at this time.

Just what am I to put up or shut up

Reply #35

st.germain — Fri, 17 Sep 2010 15:01:45 GMT

I don't have a system...just a good wheel that will churn out combinations from the numbers that i pick for wheeling...maybe i am lucky...i don't know but 3 big payouts is not too bad...it's just sad that it was over a course of ten years...Ya just have to hang in there. As for how much i spend is decided as to how big my wheels are. I use two. One is for 40 dollars and the other is 60 dollars and only twice a week. So, if you multiply that by 52 weeks you will get an idea of how much i spend. I... [ More ]

Reply #34

Luminus — Fri, 17 Sep 2010 13:48:40 GMT

There are no juvenile posts in here. Not liking a post, doesn't make it juvenile. That is a fallacy. Criticizing people is a part of life and people who value an understanding of reality welcome criticism.

I don't know who you were referring to, but my stance is simple. All I hear is big talk. I can do this or My system can do that. Whatever. There's an old term from the '80's we used to say: Put up or shut up.

What's it going to be

Reply #33

Luminus — Fri, 17 Sep 2010 13:41:26 GMT

Go back and re-read what you just said. A year. A YEAR! Exactly how much money are you spending in this year? $5 a week? $10; $20? You'd be thousands of dollars in the hole by the time it was done. If you want to spend a year demonstrating the metal of your system on here, I would GLADLY follow it. No excuses. Step up to the plate.

Reply #32

Luminus — Fri, 17 Sep 2010 13:36:47 GMT

Maybe you missed some things in my post. I back-checked the board. The systems are useless. I challenge anyone to demonstrate otherwise. That challenge has gone unanswered for a week now. You do the logic.

Reply #31

Luminus — Fri, 17 Sep 2010 13:34:53 GMT

You're talking luck. My discussion is about lottery systems. Therefore, your experience doesn't count here. And, besides, it's not their money you're playing with. It's yours. Claiming that it's their money is a delusion, because it doesn't matter how you got it. All that matters is that it legally belongs to you.

Reply #30

jimmy4164 — Mon, 13 Sep 2010 16:43:22 GMT

GASMETERGUY,

To me the thrill is not in winning nor in the dream of becoming a millionaire overnight. The thrill is searching for an algorithym that will turn a losing proposition into a profitable proposition. On those cold, wet winter days when being outside is not an option, I like to sit in front of my computer, open my Excel spreadsheet, and study the relationship between the numbers. 'What if I try this?' I ask myself.' I then program my Excel to find the answer to my question.

I k... [ More ]

Reply #29

savagegoose — Mon, 13 Sep 2010 16:11:12 GMT

best tip is to look at the money you spend on lotto as entertainment, a straight out loss. but providing you with entertainment. only bet what you can afford to blow. thats how i do it, and yes over the 20 plus years ive never hit a jackpot, but have had 3x 5/6 hits. still im a loser.

but if i dont play, then i will never win.

to reply to the turn a profit in the long run question. My system for keno is to play a low spot number until i have bet the same amount that winning would pay

Reply #28

lesonook — Mon, 13 Sep 2010 15:51:19 GMT

you will never ever get back what you put in unless of course you win powerball or any big lottery lesonook so why do we play

Reply #27

GASMETERGUY — Mon, 13 Sep 2010 15:41:37 GMT

IMHO, playing the P3 and P4 games will, IN THE LONG RUN, make everyone a loser. Yet the majority of people on this site play those games. More power to them. It's their money; they can do with it as they please.

Even the P5 , P6 and jackpot games will, in the long run, make everyone a loser except for those fortunate few who win the million dollar jackpot (and some of them will become losers i.e. Jack Whitaker). To say, Hey! I won $6000 back in 2005 is to say nothing at all. Yes, there will b... [ More ]

Reply #26

st.germain — Mon, 13 Sep 2010 15:24:03 GMT

thanks jimmy...i saw that on another thread that luminous wanted to test our testicular mettle with a one week challenge. That was unrealistic...let's say a challenge over the course of one year..... that would be more of a test.....and realistic if he can hang in there that long, lol.

What people seem to think is that a system will win for you when it is you that still have to PICK the numbers. so, if you have a decent wheel and can pick the numbers you surely will line up for a big win.... [ More ]

Reply #25

jimmy4164 — Mon, 13 Sep 2010 15:21:42 GMT

Reply #24

jimmy4164 — Mon, 13 Sep 2010 14:21:51 GMT

St. Germain,

Yes you can turn a profit in the 'LONG RUN' !!!!

Not UNLESS you hit a jackpot along the way.

Of course, you CAN win, with or without a system, so the answer to the original question is clearly YES! And that's why we play. However, experiences like yours are far beyond what the VAST majority of players can ever hope for. You were very LUCKY. The reason why everyone needs to understand this is because too many people are spending money on the lottery at the expense of impor... [ More ]

Reply #23

lottolaughs — Mon, 13 Sep 2010 13:45:49 GMT

I don't believe one run through of a test is enough to determine that systems are useless. That's a pretty big statement. So I guess the Lottery Systems board on here is useless. NOT ! I've learned a ton on there.

Systems run hot and cold, we all know that. Perhaps this was just a cold streak in your system. No need to give up

Reply #22

st.germain — Mon, 13 Sep 2010 13:36:29 GMT

The original question was Does anyone here actually turn a profit in the long run?

Almost ten years ago I won the little Little Lotto jackpot Twice 4 months apart and along the way won a lot of little nice pots. Then about 2 and a half years ago I picked all 5 numbers in the mega game but not the Megaball. I figure that along the way ..I have been playing with their money!

So...to say that this is pretty all discouraging...that s Hogwash! Just because their are some who will not say that

Reply #21

Luminus — Mon, 13 Sep 2010 12:28:16 GMT

Nice analogy.

Reply #20

Coin Toss — Mon, 13 Sep 2010 06:47:51 GMT

Luminus,

To most people lottery means a big jackpot, a life changing amount of money won.

Considering the odds of hitting opne of those jackpots I think RJOh described it pretty well when he said the losses are the cost of the chance of winning millions.

While it certainly would be nice to win a jackpot, going into playing lotteries with an unrealisitc expectation of winning only sets a player up for disaapointment.

Never let the hope of wining turn into a prison of expectation.

R... [ More ]

Reply #19

Luminus — Mon, 13 Sep 2010 06:26:58 GMT

All pretty discouraging. And after that battle with tiggs95, and no one else having the testicular fortitude to take the challenge, I'm pretty much convinced that systems are useless. No need for any delusions about lottery strategies anymore.

Reply #18

Stack47 — Sun, 12 Sep 2010 17:19:03 GMT

I mean, if you've spent $500 in a month and only netted $100, that's pretty discouraging.

It really depends on how it's done. If someone makes 12,000 $1 bets over a two year period and only wins once for $14,400 giving them an average of winning $100 for every $500 they wagered, it would be very discouraging. Or worse had they won the $14,400 in the first month of play and lost the majority of their winning by continuing to play for the next 23 months.

Even if after every month they avera... [ More ]

Reply #17

RJOh — Sun, 12 Sep 2010 17:15:39 GMT

I keep track of both my wins and losses which really amounts to keeping track of my losses since I usually spend $15, win $2-$3 which means a lost of $12-$13. Overall that can and do usually amount to $1500-$2000 a year which I see as the cost of gambling to win millions of dollars.

The closest I've ever come to making a profit for the year was the time I match 5/6 in a local lottery for $1500 which put me $800 ahead at the time but by the end of the year I showed a $500 lost. Unless you win... [ More ]

Reply #16

lottolaughs — Sun, 12 Sep 2010 14:14:31 GMT

I don't think many people think about their profits on a day to day basis or maybe even ever. Otherwise they probably wouldn't play. If a jackpot is your goal then it will wipe out all your lottery losses, (assuming it's a BIG jackpot) And since that's what most players are aiming for (again,assuming) then they don't give much thought to what they're profiting along the way or what they're spending to get to the end of the rainbow.

In jackpot playing I think the mentality is all or nothing.... [ More ]

Reply #15

rcbbuckeye — Sun, 12 Sep 2010 14:11:23 GMT

That most likely is not going to happen, at least in the jackpot games. I usually win about 15% to 20% of what I play each year, but I don't expect to make a profit, I'm playing to hit a jackpot. I also try to keep my cost of play down, because with the odds in the big games, playing a crapload of tickets just doesn't increase your chances THAT much compared to what it costs to play.

If a person is wanting to turn a profit, P3 is the game to play, but good luck with that too. I actually like... [ More ]

Reply #14

Luminus — Sun, 12 Sep 2010 13:34:15 GMT

I'm NOT hopeful that I can turn a consistent profit. I don't think anyone can. That's why I created this thread.

Reply #13

jimmy4164 — Sun, 12 Sep 2010 13:11:50 GMT

Luminus,

Although I agree with a lot of your recent sentiment here, you appear to be hedging when you say,

I think you've missed the point. There are a bunch of people on here using strategies to defeat the lottery. The goal is to turn a profit, not break even. And while we are all chasing the Big One, I don't think many of us want to end up thousands of dollars in the hole.

If you are still hopefull that you can turn a consistent profit while waiting for a big hit, you are MOST LIKEL... [ More ]

Reply #12

Luminus — Sun, 12 Sep 2010 06:19:23 GMT

I think you've missed the point. There are a bunch of people on here using strategies to defeat the lottery. The goal is to turn a profit, not break even. And while we are all chasing the Big One, I don't think many of us want to end up thousands of dollars in the hole.

Reply #11

aquariuslottery — Sun, 12 Sep 2010 06:15:21 GMT

Hi,

Before you decide to play any lottery on regular and continuing basis you should set up a goal and targets - what do you want to achieve and how to achieve it.

Here is my example. I decided to play Lotto 649 with one main objective - to win a big one one day (preferably the Big Jack but the 2nd prize would also make me happy). To achieve this will cost time, effort and money. While I have 1st 2nd readily available the 3rd is a problem. So I try to achieve my goal at the MINIMUM expense... [ More ]

Reply #10

Luminus — Sun, 12 Sep 2010 05:41:02 GMT

Well, if you're gonna play only jackpot games, then it's not about a profit. It's about a dream.

Reply #9

stephi — Sun, 12 Sep 2010 04:57:29 GMT

I haven't seen anyone except one or 2 persons state on this site that they are a professional gambler. I play jackpot games only and yeah i know its lost money but if I don't play i lose the opportunity to one day change my life for the better.

Reply #8

Luminus — Sun, 12 Sep 2010 04:40:13 GMT

You guys aren't ahead by much. That's the problem. Like I said, you're better off getting a second job.

Reply #7

girlthetan — Sun, 12 Sep 2010 04:38:35 GMT

Thats great! I'm still learning and losing :((

Care to share your ways

Reply #6

joker17 — Sun, 12 Sep 2010 01:08:21 GMT

I just did the workout from the last year till today. I'm $17.28 ahead of the game.

17.28 divided by 22 years, thats 8,030 days.

It comes to 0.00021519 per day profit.

Not bad.....

Reply #5

CutlassBob — Sun, 12 Sep 2010 00:29:07 GMT

I look at it month to month, overall since i started playing, not sure. But i'm sure in 2009 i was at a major loss, playing too many scratch-off tickets. This year i've cut my scratches down to a whim. So far i've had a decent year.

Mind you i do not play all my predictions. That is a cool aspect of this website.

In Jan i made $666.00

Feb i lost 400.00

In March won $1083.00

In April i made $9497.00

In May, June July i lost $1000.00

August i was up $2500.00

So far in Sept... [ More ]

Reply #4

Luminus — Sun, 12 Sep 2010 00:09:56 GMT

I have. You're on the top 10 Highest Lifetime Prize Ratio list with $18,630 wins. The problem is, the amount of loses you wrack up will most likely be too discouraging for you to keep going long enough to turn a profit. Your wagers were $13,788. Your profit was $4,842. What year did you start posting predictions, again? Not a single person has a jackpot nor a profit larger than a few thousand dollars.

I mean, if you've spent $500 in a month and only netted $100, that's pretty discouraging. Yo... [ More ]

Reply #3

RJOh — Sat, 11 Sep 2010 23:05:30 GMT

If you are following the predictions of particular players, you can also look up their overall win / lose records for the last thirty days and life time by hits and winnings.

Reply #2

jimmy4164 — Sat, 11 Sep 2010 21:13:42 GMT

Luminus,

Finally! Someone is observing what I have been trying to show with backtests! Good for you!

But the truth you have discovered is not a reason to avoid the lottery. Your (Costs-Wins) should be viewed as nothing more than the price you must pay for your chances to win the large jackpots. The lotteries who pay off the winners must get the money from somewhere!

Unfortunately, there are no big jackpots to be won in most Pick3 games.

--Jimmy4164

Reply #1

Luminus — Sat, 11 Sep 2010 18:20:05 GMT

For instance, I just went into the Predictions forum and looked at yesterday's winners. I chose someone who predicted some numbers for the NY Pick 10. That person had 10 winning games, for $2 each. So $20 was won. Yay, right? Wrong. I checked how much that person spent and it was a whopping $50. So it's a false win.

I just checked another winning predictors numbers. Again, $50 was spent on the NY Pick 10, but only $22 was won (11 lines of winning numbers).

Checked another one. $50 spent on... [ More ]

Does anyone here actually turn a profit in the long run?

Luminus — Sat, 11 Sep 2010 18:11:48 GMT

Think about it. For all the small winnings you get, are you allowing that excitement to cloud your judgement? Have you even bothered doing a comparison study on how much you've spent in a month or year compared to how much money you've won? If not, I think it's time to run an experiment and get real answers. No more confirmation biases.

If you are turning a profit, how much profit are we talking about? $5, $10, $50 per game? Is it even worth all the effort it takes you to run your system... [ More ]