Lottery Gambling

[Viscore]

snip...

As i see here, we have 100 2-digit numbers. That means that probability to hit needed number is 1/100.

So, let's count EV: 1/100 * 16 = 0.16 USD

And you need to bet 0.20

Difference is -0.4 USD per very your bet. So the best strategy is do not bet on this lottery

Best regards, your johhny

That is the best idea.
Because even we think that putting a lot of bets (like to say 10 bets) could help to increase our winning chances but the computation has clearly said that we still gonna lose. It doesn't make sense at all. Much better to gamble our money into games that could make use of our knowledge and skill, not this luck-base game lottery.

I have this addiction before after winning one time but very unfortunate that I'd never win again and a realization that I was spending a lot more than the amount I won.

[1715625953]

1715625953

[xSkylarx]

Much better to gamble our money into games that could make use of our knowledge and skill, not this luck-base game lottery.

This type of game is popular to poor households. It doesn't need any knowledge to learn and you just bet your money then you can have a chance to win big. I know this game and many of my neighbors always bet on this 2 or 3x a day daily hoping they would win. They don't realize that if they would save or spend that money it buy already what they plan to if they win on that lottery.

[famososMuertos]

...///...:

As i see here, we have 100 2-digit numbers. That means that probability to hit needed number is 1/100.

So, let's count EV: 1/100 * 16 = 0.16 USD

And you need to bet 0.20

Difference is -0.4 USD per very your bet. So the best strategy is do not bet on this lottery

Best regards, your johhny

+1
Beautiful way to calculate it for a simple lottery bet, in "pot odds" in this case 1:5 how profitable a bet is in the long term and why it must be made or withdrawn at a certain time.

However, I would like to add that if you make this bet, your pot-odds are 1:5 or what is the same for every 100 times you bet, you will have losses of $ 4*  it if you are lucky enough to win 1 time. (Prize $16)

That's the thing with certain games, make a bet of as little as $ 0.20 to get $ 16 looks cool, Yes! but if you're just looking to have fun.
______-
Difference is -0.4 USD per very your bet
*Difference is -0.04 USD per very your bet
Just add that it is 0.04, anyway thanks for the calculation.

[magneto]

And also, any ideas or strategy/tricks/advices to maximize profits and minimise risks by playing this kind of gamble?

Lotteries are notorious for their high house edge and low RTP. I would not recommend them at all.

You are much better off playing other provably fair games such as dice and blackjack which have consistently low house edges of 0.5-1% if you play with perfect basic strategy.

If you are truly an advantage player looking for a way to make money off a game in the long run, then lottos with rollover pots could potentially create positive EV situations when the pot gets sufficiently large. However, these instances are rare after various state lotteries were exploited in the US using this method (search up on youtube if you're interested).

[Peanutswar]

AFAIK there is a lower version of this kind of lottery game but I know it's not quite supported on getting legally and this called as "Ending" which is there is a host gathering from different places and most of the people will predict the last score of a basketball team (commonly)

For example :
Lakers VS GS

Score :
65 - 46

The ending is 5,6
The last number on the score is the "ending" if you predicted it right your wage from 1-2$ becomes 25-50$.

[rodskee]

AFAIK there is a lower version of this kind of lottery game but I know it's not quite supported on getting legally and this called as "Ending" which is there is a host gathering from different places and most of the people will predict the last score of a basketball team (commonly)

For example :
Lakers VS GS

Score :
65 - 46

The ending is 5,6
The last number on the score is the "ending" if you predicted it right your wage from 1-2$ becomes 25-50$.

But what OP is looking are the one called EZ-2 if this is indeed what i understand on this post as i also a bettor of this in the past.
Same as the one called Jueteng in which the illegal version of EZ-2.

________
___________________________

I'm also following this thread as wanted to find some sites specially in sportsbet that offers the same chance of winning.

[Golftech]

Much better to gamble our money into games that could make use of our knowledge and skill, not this luck-base game lottery.

This type of game is popular to poor households. It doesn't need any knowledge to learn and you just bet your money then you can have a chance to win big. I know this game and many of my neighbors always bet on this 2 or 3x a day daily hoping they would win. They don't realize that if they would save or spend that money it buy already what they plan to if they win on that lottery.

They all keeping the faith that luck will come on their way and change their life forever,
we can't  remove the fact that most third world societies continue to believe that with
luck it will be a shortcut to richness, if there are already a living proof that winners exist
chasing to have the same fate are very common. You are right that if those people only
realized that saving those money will bring them decent, they are just too lazy hoping for
a very quick turnaround.

[bitcoin31]

That is from Philippines in my place there is a person who go to the each house if they want to bet on that game.
I've never tried this game but I think in our country it is illegal because there is no license compared to the lottery who is authorized by the government because those profit will goes to the charity. filipino have unique gambling but some of them are illegal.

[Bitinity]

I don't what you called this in your country or in English.
We called this "Last Two"(2 DIGITS) , "Swertres"(3 DIGITS) .
Currently they have this draw scheduled every 2pm, 5pm, 9pm (GMT +8).
If you will hit in 2digits, if you bet 0.20 USD, you will win 16USD.
In Swertres(3 DIGITS), 0.20USD bet will become 124USD if win.

Any idea where I can do this online and they are accepting Bitcoin or other crypto?

And also, any ideas or strategy/tricks/advices to maximize profits and minimise risks by playing this kind of gamble?

This is similar to the lottery which is so popular in my country. We call it "TOGEL" where people can bet 2 last digits, 3 last digits and 4 complete digits. Yours is better in terms of the payout, here in my country the payout for 2 digits is only 60x (offline) and 70x (online), 3 digits payout is 400x for both online and offline, while 4digits gives 2500x offline and 3000x online. It is obvious that the house edge is so huge but there are still so many people love to play this lottery because I do think that they do not care about house edge. There are many people do a strategy that they call by "invest" strategy where they buy up to 60 numbers or more to get higher chance of small winning. Most of them do it online since it is better to do it online because of the bigger payout for 2 digits lottery and there is also a discount if people buy it online. The discount usually starting from 25-30%, so if we buy a 2 digits ticket for 1USD then we need to pay $0.75-0.70 only. Unfortunately this lottery is available online for local players only as the payment method is using local bank transfer.

[bitterguy28]

I don't what you called this in your country or in English.
We called this "Last Two"(2 DIGITS) , "Swertres"(3 DIGITS) .
Currently they have this draw scheduled every 2pm, 5pm, 9pm (GMT +8).
If you will hit in 2digits, if you bet 0.20 USD, you will win 16USD.
In Swertres(3 DIGITS), 0.20USD bet will become 124USD if win.

Any idea where I can do this online and they are accepting Bitcoin or other crypto?

And also, any ideas or strategy/tricks/advices to maximize profits and minimise risks by playing this kind of gamble?

As i see here, we have 100 2-digit numbers. That means that probability to hit needed number is 1/100.

So, let's count EV: 1/100 * 16 = 0.16 USD

And you need to bet 0.20

Difference is -0.4 USD per very your bet. So the best strategy is do not bet on this lottery

Best regards, your johhny

Instead of betting in this kind of lottery in which i don't know what this call,I rather bet in Real lottery in which i can bet for 40 cents per number combination.

In this case at least i know that i have waiting for huge winning because it seems that the chance to win on them both are the same.

and besides in gambling like this in which Luck is the best weapon?i will choose the bigger winning .

[johhnyUA]

However, I would like to add that if you make this bet, your pot-odds are 1:5 or what is the same for every 100 times you bet, you will have losses of $ 4*  it if you are lucky enough to win 1 time. (Prize $16)

Yeap, this is what EV shows by itself. The problem of any lottery is always the fact that it has negative EV, without it any lottery would disappear very fast

Difference is -0.4 USD per very your bet
*Difference is -0.04 USD per very your bet
Just add that it is 0.04, anyway thanks for the calculation.

Yeah, i just forgot about one zero, my bad. sometimes happens  

Instead of betting in this kind of lottery in which i don't know what this call,I rather bet in Real lottery in which i can bet for 40 cents per number combination.

In this case at least i know that i have waiting for huge winning because it seems that the chance to win on them both are the same.

and besides in gambling like this in which Luck is the best weapon?i will choose the bigger winning .

Real lottery very close EV. I don't remember correct rules, but as i understand there 6 digits to imagine. This is 10^6 combinations (first digit this is from 0-9, second also can be any 0-9 and up to 6), and you need to guess at least 3 numbers. This will be C(6, 3) = 20 (this is in case if order of numbers doesn't matter) and also we have 3 slots which can be any numbers (this is 10^3).

So the result = ( 20 * 10^3) / 10 ^ 6 = 0.02

Yep, a little better (in 2 times) but with the reward for 3 numbers i doubt that EV will be positive.

[jrrsparkles]

Go with your instincts that is what most people do on the number prediction lottery, not sure this kind of lottery available in the crypto space but definitely it is kind of popular lottery method and almost people loves to do since the amount can be very minimum and the payout also huge comparing with out bet amount.

This type of game cannot maximize profit as this is already a fixed game. This lottery game is popular in our country and even more participants joined to try their luck. I haven't heard yet a lottery game that accepts crypto so there’s no tricks on this game it is just pure of luck that your chooses number will win.

Well you instinct decides your luck because you need to act if your luck has to hit you!

Lottery, there is no way to win and it will never be without the luck so we can't increase the winning chances all we can do is to make ourselves feel like we are actually luck with such actions.

[worldofcoins]

We call it a Lottery ticket and we bought it from the supermarket and it cost $20 only.
We have a special channel for this lottery ticket and it telecast every weekend at 7 PM they announce some digits and if the number got matches with the luckiest number we won the lottery otherwise we lose the $20.

I never win a ticket lottery but my relatives do. I stopped buying it after some attempts.

[fiulpro]

Hello
I do believe that you have to locally check with your casinos if they do allow since during the pandemic most of the casinos have shifted online. Therefore it's very possible that you will get such options.
-many casinos are offering the lottery check your local casinos
-roam around in supermarket and ask for them
-there are even local shops near my house selling such things.
But you should understand that these are not the best way to win, you are more likely to be hit by lightning.. statically. Try other Gambling variants , they might be much better.

[Hypnosis00]

...
I never win a ticket lottery but my relatives do. I stopped buying it after some attempts.

I wish also that those poor people that usually got stuck from this kind of gamble will realize and stop their doings. The chances are clear enough 1/100, it is a horrible thing for them not to think it. It is very unfortunate why they keep that faith and hoping for luck instead of keeping it in the piggy bank.

I have tried this several times but no surprise, I'm still out of luck.

[Raflesia]

We call it a Lottery ticket and we bought it from the supermarket and it cost $20 only.
We have a special channel for this lottery ticket and it telecast every weekend at 7 PM they announce some digits and if the number got matches with the luckiest number we won the lottery otherwise we lose the $20.

I never win a ticket lottery but my relatives do. I stopped buying it after some attempts.

maybe you can provide more specific information, for example with $ 20 it can get how many chances the lottery guesses the digits after that you might be able to the website used by your brother because maybe some other people want to try it.

whereas if with $ 20 you only get the chance to win 1x the lottery it is definitely too expensive and the risk is too high.

Often times my friends always ask for the right number to be placed in the lottery they want but still miss it, 2x in 1 week my friend installed it and I also want to follow it but I always fail to get the right number.
Honestly, I don't know the strategy for guessing the correct number in the lottery, is this really special, even as often as I always read on Google about how to put the right number but already $100 pairs of lottery always fail.

[Casdinyard]

We call it a Lottery ticket and we bought it from the supermarket and it cost $20 only.
We have a special channel for this lottery ticket and it telecast every weekend at 7 PM they announce some digits and if the number got matches with the luckiest number we won the lottery otherwise we lose the $20.

I never win a ticket lottery but my relatives do. I stopped buying it after some attempts.

maybe you can provide more specific information, for example with $ 20 it can get how many chances the lottery guesses the digits after that you might be able to the website used by your brother because maybe some other people want to try it.

whereas if with $ 20 you only get the chance to win 1x the lottery it is definitely too expensive and the risk is too high.

Often times my friends always ask for the right number to be placed in the lottery they want but still miss it, 2x in 1 week my friend installed it and I also want to follow it but I always fail to get the right number.
Honestly, I don't know the strategy for guessing the correct number in the lottery, is this really special, even as often as I always read on Google about how to put the right number but already $100 pairs of lottery always fail.

There's no definite strategy to win lotteries. Fate is on the line and luck is only the factor that leads to gambling. 2inning is like one in a million if I would be asked, and that also makes sense to why the jackpot or the prize is that huge. Many people are even relying their future in this activity despite of the number of times they have lost playing lottery. If there's algorithm within this "game" I think only few are aware of it if there's any. In my country, lottery gambling is also existing it is more convenient than to play other gambling activities.

[Mauser]

...
I never win a ticket lottery but my relatives do. I stopped buying it after some attempts.

I wish also that those poor people that usually got stuck from this kind of gamble will realize and stop their doings. The chances are clear enough 1/100, it is a horrible thing for them not to think it. It is very unfortunate why they keep that faith and hoping for luck instead of keeping it in the piggy bank.

I have tried this several times but no surprise, I'm still out of luck.

The thing why do many poor people actually play is the lottery is the dream of winning. I think it helps to imagine yourself being in a better place, to think about what you would do with the money. Of course 99.9% of the people are not even winning their lottery ticket price back. But what other options do you really have. It's nearly impossible to become rich just by working you 9 to 5 job 5 days a week. Most people likely know they will never win when playing the lottery.

[Ucy]

This is a kind of lottery with a small prize only, honestly mate, I would rather bet on sports and put a parlay bet than betting on this kind of game.
Not to discourage you but if you love sports, you can parlay like maybe 5 or 10 leg and your odds will increase, and you will still enjoy as you can also do a little analysis with it.

Or he probably should try skill-based game that interest him, which he can learn in order to minimize risk and maximize profits. Unfortunately depending on luck won't give consistent "minimal risk & profits". Lottery games are generally random/luck-based

[kayvie]

And also, any ideas or strategy/tricks/advices to maximize profits and minimise risks by playing this kind of gamble?

It is nearly impossible to maximize profits and minimize the risk in this kind of lottery gambling by the use of some sort of strategy. I don't think that there is some kind of strategy that will work every time since lottery game is more on luck, winning numbers will always be random and no one knows what will be the winning number.