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is anyone making an income from lotteryReply
But that doesn't change the fact that expected value is cumulative, and that mathematically, you're life is ONE LONG SESSION. That math explains why the cost of a monthly life insurance premium is higher for a 50-year-old than a 20-year-old. But doesn't explain why a 50-year-old who wagered and lost $100s trying to win life changing jackpots continues to wager when they know the odds against winning are just as bad on their next bet as their first bet. When a 20-year-old says they know t
May 3, 2013, 1:34 pm - Stack47 - Lottery Discussion Forum

is anyone making an income from lotteryReply
The odds are the same, 3 to 2 whether it's 6 ways to roll a seven and 4 ways to roll a 9 or 5 or 600 ways to win and 400 ways to lose. Because the odds favor the a Don't pass bettor by 3 to 2 they lay $600 to win $300 and they have $900 worth of chips. By betting 600 numbers the odds favor the Online pick-3 player by 3 to 2 so they are also laying $600 to win $300 and the payoff is the same $900. Well that's just not true. If you lay 600 on the odds for Don't Pass on a 5/9 you will be
May 1, 2013, 6:40 pm - Boney526 - Lottery Discussion Forum

taxes on jackpot winnings
Win4 - 1:10,000 = $2600 (s/b 0.50/0.50)payout is 3.8 of odds; Take5 - 1:575,757 = $50k payout is 11.5 of odds. 575757 / 10000 = 57.57 57.57 x $2600 = $150k. Which means Win4 pays x3 of Take5 for same odds. However, if you hit 2nd place in Take5 and the prize is above $600, you pay taxes. Also, if you play all lines on single ticket, and the combined prizes go above $600 you pay taxes. This happens during the buy $10 on single ticket get $3 QPs promo... which is why I dont like it.
Feb 2, 2013, 1:29 pm - POMAH - Jackpot Games Forum

Lotto Strategy - Odds of winning vs Chances of winningReply
p(all cases) = 1 Odds and chances is the same. If you throw a dice and you are looking for the probability of throwing a 4 or 5 or 6, you get 3 in 6. p(4|5|6) = 0.5 or 1:2, but it truly is 3:6 in one roll. You have odds for outcome, and you might calculate odds of winning a certain amount of money. Winning a certain amount of money is an estimation because the payout can vary and there are taxes. As we are players and programmers, we look for making winning predictions, this me
Jan 19, 2013, 4:10 pm - SergeM - Lottery Discussion Forum

Post your scratch ticket resultsReply
Dear Ed Thank you for writing the Florida Lottery. In response to your email, in the GOLD RUSH TRIPLER game (#1119), the winning game types for this ticket does include the possibilitiy of revealing two GOLD NUGGET symbols. Players whose ticket reveals a GOLD NUGGET symbol will win $500 automatically! The odds of winning with two GOLD NUGGET symbols is 1:30,000. The odds of winning in any of our Scratch-Off game varies from game to game, and odds further vary by price point. Generally, t
Nov 16, 2012, 6:41 am - skeptic - Instant ("Scratch-Off") Games Forum

here are the odds and stats for the other 20 dollar ticket cash spectacular
Cash Spectacular 20 dollar ticket odds 1:2.40 total tickets printed-761,070 total sold to date-39 percent prizes 500,000- 2 top prizes 1 claimed 20,000- 1 500-21 100-3,500 40- 111,000 20- the rest are all 20 dollar winners. so based on the odds, which do you think is better to play?
Jul 27, 2012, 11:34 am - hoops78 - Instant ("Scratch-Off") Games Forum

Calculate odds for random picking
Hello, I realize that the following scenario might sound strange but if someone has the answer it would be great. The scenario is as follows: 1. I choose the 100 latest draws from my lottery which already won the jackpot. 2. I pick 6 random draws from those 100 3. Each of these 6 draws contains one or more numbers, of the winning numbers of the next draw. 4. All 6 draws, have all the numbers of the next winning draw. What I mean is that if I choose 6 draws and all 6 draws hav
May 2, 2012, 1:05 pm - nasp - Mathematics Forum

Trying to calculate the number of combinations with criteriaReply
ff Conditional odds. Setting these types of perimeters is a great way to play. Even if your assumptions are incorrect because your tickets still carry the same odds as a QP. If on the other hand you are correct then you have a much better chance of winning something. Removing one ball from a 5-59 matrix reduces the pool by 424,270 sets. If you can remove one digit from a drawing successfully, say digit 7 for instance, you reduce the pool by 2,036,701 sets for the above matrix a
Apr 18, 2012, 4:35 pm - RL-RANDOMLOGIC - Mathematics Forum

Buying More Tickets Does Not Increase Your Odds.Reply
RL-RANDOMLOGIC, No matter how many chances are bought ech and everyone of those chances are up against the same odds......unless they are drawing more than one set of winning numbers. Medibrat, There was a thread similar to this about six years ago, but the gist of that thread was cutting the odds in half . Much of the discussion was at odds of 175M to 1, a second dollar played would reduce them to 87.5M to 1, same discussion as this. But some of those proposing that said that the secon
Mar 17, 2012, 1:41 pm - Coin Toss - Lottery Discussion Forum

Buying More Tickets Does Not Increase Your Odds.Reply
Todd's most recent post has it right, but I'd like to try and restate it anyway. I'm not sure if I'm allowed to post links or not, but I'm taking this from the Wikipedia article on probability, Mathematical Treatment section. Independent probability If two events, A and B are independent then the joint probability is for example, if two coins are flipped the chance of both being heads is Mutually exclusive If either event Aor event Bor both events occur on a
Mar 3, 2012, 12:05 am - mediabrat - Lottery Discussion Forum