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California - Highway Robbery in Progress
For educational purposes...
parimutuel betting is a form of betting in which bets are pooled together before an event and distributed amongst those who managed to bet correctly once the outcome has been determined. It is a common form of betting for sports events such as horse racing, and the practice is widespread throughout the world. In some cases, parimutuel betting may be the only legal form of betting available.
The parimutuel betting system was developed in France in the late 1800s,
Apr 28, 2013, 10:51 pm - noise-gate - Lottery Discussion Forum
California - Highway Robbery in Progress
Extrapolating the figues for Powerball in my previous post..
$1,430,032 short fall for winners x 104 draws per year= $14,872,332 annually
First, if you were right about how it will work out, the shortfall would be $104 million, not 14 million. The problem is that besides making the simple arithmetic error, you don't understand the probability that the lottery relies on, or even how the number of winners varies from drawing to drawing.
You started by assuming that there will be 2
Apr 25, 2013, 11:50 pm - KY Floyd - Lottery Discussion Forum
What's the best lotto book?
A long time ago a couple of joints advertised they paid 5 in the field, but said nothing about not having 9 in the field. Same exact odds, gimmick.
Craps is very complicated game to the novice player and a field bet is much easier for them to understand than placing the inside numbers or making come bets with full odds. Even the size of the area used for field bets suggests the house believes more novice players will make that bet. Does a novice player need to read Catlin's articles on crap
Apr 21, 2013, 3:01 pm - Stack47 - Lottery Discussion Forum
Found best distribution Pick 6 - 7 ticket wheel
Interesting this, I plain to be looking in to Keno soon.
The wheel I posted is to be used on Jackpot games, I have no idea how it stands in Keno.
All wheels produce loss, at the end of the day no matter how good the wheel you cant beat the mathematical odds imposed by the rules set by the organizers.
If you could find a wheel that tipped the odds it wouldnt be long before
A: The game closed
B: They changed the game rules.
However we all still play in the hope .
Apr 21, 2013, 2:17 pm - Developer - Lottery Systems Forum
Are you a creature of habit when purchasing your lottery tickets?
You and CT just don't get what I'm saying here. It's becoming futile for me to carry on explaining it over and over.
You know what, If you, CT and all those people lining up at those stores really believe your chances are astronomically improved to win the JP, simply because there have been 3 or 4 JP winners, then all the power to you people. Just remember that despite how lucky that store is, the bettors will still have to conquer millions of possible combinations.
3 or 4 JP wins from the
Apr 20, 2013, 5:45 pm - onlymoney - Lottery Discussion Forum
POLL: Megaplier, Powerplay
I basically agree with you Ridge.
But I voted other because I found another way I could waste an extra buck. But ya gotta be in New York to do it. I play NY's Sweet Million, and I play the same set of 6 numbers twice on a single ticket. That probably sounds crazy to you, but there is a method to my madness. Sweet Million is not pari-mutuel for the first 5 JP winners. So if by some miracle my two lines of the same set of six numbers were drawn, I'd win two million as opposed to one million. I
Apr 18, 2013, 5:31 pm - GiveFive - Lottery Discussion Forum
is anyone making an income from lottery
However, in games such as the lottery, which are based on random processes, there is no way for anyone to KNOW in advance whether they are going to win, or lose.
With the exception of racing and sports betting, the outcomes of all casino games are decided by a random process. Didn't you know they shuffle the cards, the dice are rolled across a felt table, and they spin a roulette wheel?
The bettors determine the payoff odds in horse racing and they either lay or get odds in basketball, b
Apr 14, 2013, 2:46 pm - Stack47 - Lottery Discussion Forum
How long until California Wins 1st Powerball Jackpot
Winning numbers for April 10, 2013 drawing are 01-36-40-52-53, Powerball: 20..
OK, I didn't win anything. Only matched one white ball.
I don't think I will play PB anymore. I just doesn't make sense to spend $2 for PB because:
1. The odds of matching all 5 white balls plus one red ball are about the same as $1 MM.
2. The odds of matching all 5 white balls but missing the red ball (1 in 5,153,633) are worse than $1 MM (1 in 3,904,701).
3. Even if you match 5 white balls bu
Apr 10, 2013, 11:20 pm - redhot7 - Lottery Discussion Forum
Real Odds based (probability) filters for Pick 3
If anyone wants to bet that VA midday can make it 9 HEADS in a row..... well, they should be sure to include a digit 5,,,or 9 in all their picks today.
If anyone thinks the odds are too much against that happening one more time ......they should NOT include any of those digits 5 or 9 in their picks. I'm going with the group that has the best odds today.
000, 028, 037, 046, 118, 127, 136, 226, 244, 334, 488, 668, 677, 001, 038, 047, 128, 137, 146, 227, 236, 344, 678, 777, 002, 011
Mar 27, 2013, 12:06 pm - WIN D - Lottery Systems Forum
Virginia: 3/1 - 3/31/2013
If anyone wants to bet that VA midday can make it 9 HEADS in a row..... well, they should be sure to include a digit 5,,,or 9 in all their picks today.
If anyone thinks the odds are too much against that happening one more time ......they should NOT include any of those digits in their picks. I'm going with the group that has the best odds today.
000, 028, 037, 046, 118, 127, 136, 226, 244, 334, 488, 668, 677, 001, 038, 047, 128, 137, 146, 227, 236, 344, 678, 777, 002, 011, 048, 0
Mar 27, 2013, 11:38 am - WIN D - Pick 3 Forum
