Lotteries and possibility vs. probability

[Blitzboy]

    -  In short "A one in a million blue" millions of bettors are betting on participating to get the jackpot even though most people know that they are unlikely to win they still bet. Because it depends on luck.

So the profitability is very low, it seems that the percentage out of 100% is like 0.1% of the chances that you will actually get the jackpot. So it's up to us if we continue to do this, but there are people who are already trapped in this comfort zone because they have been doing this for several years but they are still not winning here.

I think as long as they don't spend a lot of money to buy the lottery ticket, they will still buy the lottery ticket until they hit the jackpot. But some people won't buy many lottery tickets because they don't want to risk losing a lot of money. They just buy enough lottery tickets and wait for the results. If they don't manage to win their lottery ticket, they will try again another day but with as much money as they can afford. And so on until they manage to win the jackpot.

when i was still a boy and living with my uncle in one of the states here in Nigeria, I remember there was a time a lottery company came to the state, it was a new company but rose to become very popular in their entire state due to heavy promotions, they ran a monthly lottery and almost every family in the state was in participation, my uncle played in the first month but won nothing, he played the second, third and fourth month but still won nothing, he gave up, he wife tried to encourage him to keep trying but he refused stating its a waste of time and resources..

Many even though the money needed to buy a ticket isnt always expensive, they still easily give up after playing a couple of times without winning.

Lotteries are nothing more than a numbers game. Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

Sadly, your uncle's story is not unique. Exuberance, optimism, and expectation are followed by a crushing sense of letdown. Simply repeat the process. Its not the price of the tickets that matters, but the pattern they establish. Little purchases here and there can quickly add up to a sizable sum. That money may have been put away for the future or invested in a more promising venture. So, I agree with your uncle, dude. You shouldnt waste good money on bad investments.

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[Mahanton]

    -  In short "A one in a million blue" millions of bettors are betting on participating to get the jackpot even though most people know that they are unlikely to win they still bet. Because it depends on luck.

So the profitability is very low, it seems that the percentage out of 100% is like 0.1% of the chances that you will actually get the jackpot. So it's up to us if we continue to do this, but there are people who are already trapped in this comfort zone because they have been doing this for several years but they are still not winning here.

I think as long as they don't spend a lot of money to buy the lottery ticket, they will still buy the lottery ticket until they hit the jackpot. But some people won't buy many lottery tickets because they don't want to risk losing a lot of money. They just buy enough lottery tickets and wait for the results. If they don't manage to win their lottery ticket, they will try again another day but with as much money as they can afford. And so on until they manage to win the jackpot.

when i was still a boy and living with my uncle in one of the states here in Nigeria, I remember there was a time a lottery company came to the state, it was a new company but rose to become very popular in their entire state due to heavy promotions, they ran a monthly lottery and almost every family in the state was in participation, my uncle played in the first month but won nothing, he played the second, third and fourth month but still won nothing, he gave up, he wife tried to encourage him to keep trying but he refused stating its a waste of time and resources..

Many even though the money needed to buy a ticket isnt always expensive, they still easily give up after playing a couple of times without winning.

Lotteries are nothing more than a numbers game. Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

Sadly, your uncle's story is not unique. Exuberance, optimism, and expectation are followed by a crushing sense of letdown. Simply repeat the process. Its not the price of the tickets that matters, but the pattern they establish. Little purchases here and there can quickly add up to a sizable sum. That money may have been put away for the future or invested in a more promising venture. So, I agree with your uncle, dude. You shouldnt waste good money on bad investments.

What makes it interesting and pushes up for us to bet more or buying those tickets is that we are really that daydreaming that we do able to hit up the jackpot and even comes to a point that you are already thinking
on how you would really be spending those money or on what things you would gonna buy. Relate? Im also guilty with this on which it is really that giving a good feeling on seeing those numbers for you to hit.
Its not bad to wish up for but you would really be needing all luck in the world for you to hit up a lottery. We know that probabilities are really that slim but the possibility is there as long you do purchase a ticket.
It is really that continuous thing on which we are really that pursuing on hitting the jackpot and now on the time that we do saw someone who do hit up then regrets on how much you have spend
on the ticket would really be the main emotions that you would felt out right away. 

[khaled0111]

Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

You are totally right. This is indeed what makes lottery games interesting and what makes people attracted to them. Spending a small amount of money to get a chance, regardless of how negligible it is, to win a life changing amount of money. Just thinking of it is fascinating. The moment you buy the ticket you immediately start dreaming of what you would do with the money you may win, although you know that the odds are against you.

[Porfirii]

Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

You are totally right. This is indeed what makes lottery games interesting and what makes people attracted to them. Spending a small amount of money to get a chance, regardless of how negligible it is, to win a life changing amount of money. Just thinking of it is fascinating. The moment you buy the ticket you immediately start dreaming of what you would do with the money you may win, although you know that the odds are against you.

Many members here think, like Mahanton, that probability plays a fundamental role, so "lottery is a very bad game/a game for ignorants like to waste their money".

Others focus on the fascination of thinking about the price, like khaled0111, even if you know that the odds are near zero.

If we follow the advice we have read so many times in this forum, and we play for the fun, not for the money, then it is clear that sports bets, for example, could be a good example for that; but, for the same reason, lotteries shouldn't be labeled as "bad" just because of the ridiculous chance to win, as long as the players enjoy the game.

[Webetcoins]

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

Even if there is transparency in selecting the winner of a lottery, it is still not worth it because the chances of you winning will still be tiny because of the number of people participating in that lottery. One should only take part in a lottery where there aren't a lot of participants, but when that is the case, the reward won't be too enticing, the more participants, the higher the reward will be, that is how lotteries work because they give out a portion of the total amount collected through sold tickets.

However, people who spend a lot of money on buying lottery tickets should stop doing that because the result is totally dependent on your luck, and buying more tickets or having a higher probability of winning won't actually make you win because even someone with a single ticket might win against you with a lot of tickets if they are luckier than you.

[Blitzboy]

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

Even if there is transparency in selecting the winner of a lottery, it is still not worth it because the chances of you winning will still be tiny because of the number of people participating in that lottery. One should only take part in a lottery where there aren't a lot of participants, but when that is the case, the reward won't be too enticing, the more participants, the higher the reward will be, that is how lotteries work because they give out a portion of the total amount collected through sold tickets.

However, people who spend a lot of money on buying lottery tickets should stop doing that because the result is totally dependent on your luck, and buying more tickets or having a higher probability of winning won't actually make you win because even someone with a single ticket might win against you with a lot of tickets if they are luckier than you.

The lottery's excitement is the uncertainty. The odds of winning are minimal, especially with a large pool, but isn't that the objective of the lottery? Finding smaller lotteries with higher chances is too practical and takes away the thrill and excitement of the game. Does receiving a lower prize make it any less sweet?

Buying more tickets doesnt increase your odds of winning sounds oversimplified. Even if a single-ticket winner is lucky, each extra ticket increases the odds of winning, even if only slightly. Isnt the raffle about taking these slim chances?

[elevates]

I have a friend who has an Excel sheet. Using that Excel sheet to an extent he is able to predict the lottery number. It is not always accurate but once in a while, he is able to make small profits. He has some algo attached on that Excel sheet which predicts the number. He plans to use AI to improve the algorithm, which he thinks would make him more profit.

The reason why I shared his story was because probability does work. It does not guarantee your win but it can boost the possibility of a win. Possibility does make 70 percent in lotteries and I feel probability players only 20 percent. The leftover 10 percent is pure luck and nothing more. If you are lucky you can always win big without any possibility or probability. 

[Doan9269]

This is something i can advise someone to do, that when you think you don't have money to gamble then you can make an application for lottery freely and pray for your luck to come in through the process, also for the category of people who think they can have the enough patience to endure and wait till they get the outcome of their application for lottery, patient is the key here while waiting and persistency also may be needed to keep applying and reapplying till when luck set in, maybe because of all this long process got some being discouraged from participating in lottery to settle for gambling which takes no longer procedures and requirements to get it done.

[Fivestar4everMVP]

This is something i can advise someone to do, that when you think you don't have money to gamble then you can make an application for lottery freely and pray for your luck to come in through the process, also for the category of people who think they can have the enough patience to endure and wait till they get the outcome of their application for lottery, patient is the key here while waiting and persistency also may be needed to keep applying and reapplying till when luck set in, maybe because of all this long process got some being discouraged from participating in lottery to settle for gambling which takes no longer procedures and requirements to get it done.

Well, to be honest with you, i wont advice such, for the person or people out there who dont have the money to gamble, it is most advisable to them to get their ass up and work to earn money, there are many thing all around people can do to earn money, even if it is a menial jobs, just do it for the time being and raise money and look for a small business to start maybe, it is absolutely wrong to stay idle, playing free lottery and depending on luck, it is commonly said that manner does not fall from heaven anymore, it only happened once and will never happen again, you can be doing your menial jobs and still be trying out your luck with free lotteries if you find any free lottery anywhere, the most important thing here is that you are not idle.

[CarnagexD]

Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

You are totally right. This is indeed what makes lottery games interesting and what makes people attracted to them. Spending a small amount of money to get a chance, regardless of how negligible it is, to win a life changing amount of money. Just thinking of it is fascinating. The moment you buy the ticket you immediately start dreaming of what you would do with the money you may win, although you know that the odds are against you.

Many members here think, like Mahanton, that probability plays a fundamental role, so "lottery is a very bad game/a game for ignorants like to waste their money".

Others focus on the fascination of thinking about the price, like khaled0111, even if you know that the odds are near zero.

If we follow the advice we have read so many times in this forum, and we play for the fun, not for the money, then it is clear that sports bets, for example, could be a good example for that; but, for the same reason, lotteries shouldn't be labeled as "bad" just because of the ridiculous chance to win, as long as the players enjoy the game.

Exactly. "As long as the players enjoy the game.", Because that's what gambling is for right? Solely for entertainment. But, there is minority of people who are able to see potential money-making behind gambling. Those are the casino owners and what they call Legendary Players. Those who are profitable ones. They are called legendary not because they are very lucky. They are profitable because they use probability on their side. They are not over risking, they are not putting all their money in one basket. They are patient on their gambling because they will only bet when the chance is present and there is a greater probability on their side.

[delfastTions]

Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.

You are totally right. This is indeed what makes lottery games interesting and what makes people attracted to them. Spending a small amount of money to get a chance, regardless of how negligible it is, to win a life changing amount of money. Just thinking of it is fascinating. The moment you buy the ticket you immediately start dreaming of what you would do with the money you may win, although you know that the odds are against you.

Many members here think, like Mahanton, that probability plays a fundamental role, so "lottery is a very bad game/a game for ignorants like to waste their money".

Others focus on the fascination of thinking about the price, like khaled0111, even if you know that the odds are near zero.

If we follow the advice we have read so many times in this forum, and we play for the fun, not for the money, then it is clear that sports bets, for example, could be a good example for that; but, for the same reason, lotteries shouldn't be labeled as "bad" just because of the ridiculous chance to win, as long as the players enjoy the game.

Exactly. "As long as the players enjoy the game.", Because that's what gambling is for right? Solely for entertainment. But, there is minority of people who are able to see potential money-making behind gambling. Those are the casino owners and what they call Legendary Players. Those who are profitable ones. They are called legendary not because they are very lucky. They are profitable because they use probability on their side. They are not over risking, they are not putting all their money in one basket. They are patient on their gambling because they will only bet when the chance is present and there is a greater probability on their side.

That, I'm talking about a casino making money on gambling - this is clear to everyone and generally obvious.  However, I would like to note that this is still quite a risky and complex business, and therefore I believe that it is not in vain that casino owners have quite large incomes.  There are too many nuances in this business, starting even in matters of legislative regulation in different territories. 

But as for such professional players, of course they also exist, but I think that all the same, the percentage of such players in the total mass of ordinary gamblers is very small.  Of course, it is interesting to know how much this percentage is. 
But I think that it is difficult to find out also because the casino should hide such players. 
And these players themselves, probably for the most part, try not to spread their games and earnings.  And they try to remain as anonymous as possible.

[bitzizzix]

This is something i can advise someone to do, that when you think you don't have money to gamble then you can make an application for lottery freely and pray for your luck to come in through the process, also for the category of people who think they can have the enough patience to endure and wait till they get the outcome of their application for lottery, patient is the key here while waiting and persistency also may be needed to keep applying and reapplying till when luck set in, maybe because of all this long process got some being discouraged from participating in lottery to settle for gambling which takes no longer procedures and requirements to get it done.

Well, to be honest with you, i wont advice such, for the person or people out there who dont have the money to gamble, it is most advisable to them to get their ass up and work to earn money, there are many thing all around people can do to earn money, even if it is a menial jobs, just do it for the time being and raise money and look for a small business to start maybe, it is absolutely wrong to stay idle, playing free lottery and depending on luck, it is commonly said that manner does not fall from heaven anymore, it only happened once and will never happen again, you can be doing your menial jobs and still be trying out your luck with free lotteries if you find any free lottery anywhere, the most important thing here is that you are not idle.

that's right, people who want to play gambling must have income or a job in order to have capital to gamble and not depend on gambling or lottery games to get money.
make lottery games free or not and other gambling as entertainment and fun and hope for a little luck, so don't expect too much luck every time you play because it will mislead you and continue to pursue it without thinking that only having a job or business can make money.

[danadc]

This is something i can advise someone to do, that when you think you don't have money to gamble then you can make an application for lottery freely and pray for your luck to come in through the process, also for the category of people who think they can have the enough patience to endure and wait till they get the outcome of their application for lottery, patient is the key here while waiting and persistency also may be needed to keep applying and reapplying till when luck set in, maybe because of all this long process got some being discouraged from participating in lottery to settle for gambling which takes no longer procedures and requirements to get it done.

Well, to be honest with you, i wont advice such, for the person or people out there who dont have the money to gamble, it is most advisable to them to get their ass up and work to earn money, there are many thing all around people can do to earn money, even if it is a menial jobs, just do it for the time being and raise money and look for a small business to start maybe, it is absolutely wrong to stay idle, playing free lottery and depending on luck, it is commonly said that manner does not fall from heaven anymore, it only happened once and will never happen again, you can be doing your menial jobs and still be trying out your luck with free lotteries if you find any free lottery anywhere, the most important thing here is that you are not idle.

that's right, people who want to play gambling must have income or a job in order to have capital to gamble and not depend on gambling or lottery games to get money.
make lottery games free or not and other gambling as entertainment and fun and hope for a little luck, so don't expect too much luck every time you play because it will mislead you and continue to pursue it without thinking that only having a job or business can make money.

Yes, I do a lot of things at work, and obviously when I get paid I have to cover what I have to pay, but it's always good to leave a little to be able to spend on fun, there are guys who go to clubs and in 1 night spend a lot of money, on alcohol and other things, I only allocate a small amount to save it and buy bitcoin and be able to put it in a casino, I do it for two reasons, the first I'm not going to rule out that I have a good profit and The second reason is that over time I can have good savings, I like freebitco.in to save money, and I like duelbtis to play and win, capital is very important.

[Mr.right85]

Having go buy majority of the sold ticket just to increase your chances doenst make it lottery anymore. Lottery for me counts when you've got equal probability of being picked as much as the many others that might have enrole in the process either directly or indirectly.

Lottery give you that chance to ha e your luck tested and work for you buy, one can actually buy there way unto the chances and then, you would wonder what is thereto have been trying there luck with.

It wouldn't be ideal for someone to go about hoping on increasing his or her chances by buying more tickets, just stick to the affordable because, even with haven't bought more tickets, there is never  guarantee still.

[wiss19]

Well, to be honest with you, i wont advice such, for the person or people out there who dont have the money to gamble, it is most advisable to them to get their ass up and work to earn money, there are many thing all around people can do to earn money, even if it is a menial jobs, just do it for the time being and raise money and look for a small business to start maybe, it is absolutely wrong to stay idle, playing free lottery and depending on luck, it is commonly said that manner does not fall from heaven anymore, it only happened once and will never happen again, you can be doing your menial jobs and still be trying out your luck with free lotteries if you find any free lottery anywhere, the most important thing here is that you are not idle.

that's right, people who want to play gambling must have income or a job in order to have capital to gamble and not depend on gambling or lottery games to get money.
make lottery games free or not and other gambling as entertainment and fun and hope for a little luck, so don't expect too much luck every time you play because it will mislead you and continue to pursue it without thinking that only having a job or business can make money.

Well, such people exist and they will always exist no matter what we say or do, they are never going to listen to us or anyone and they will keep doing what they are doing which is to try and earn a living through gambling because they are basically too lazy to go out and find a job or something to earn some money, all they want is to sit at home and earn money through either gambling or something that doesn't require a lot of efforts from them.

These kinds of people never listen to anyone, even their parents will get tired of telling them to go and find a job, earn some money, and live their life, but they just keep ignoring everything, they might realize it one day in the future when they have to get married and have a family of their own to take care of, but some don't work even after that.

[ethereumhunter]

Having go buy majority of the sold ticket just to increase your chances doenst make it lottery anymore. Lottery for me counts when you've got equal probability of being picked as much as the many others that might have enrole in the process either directly or indirectly.

Lottery give you that chance to ha e your luck tested and work for you buy, one can actually buy there way unto the chances and then, you would wonder what is thereto have been trying there luck with.

It wouldn't be ideal for someone to go about hoping on increasing his or her chances by buying more tickets, just stick to the affordable because, even with haven't bought more tickets, there is never  guarantee still.

Buying lots of tickets and trying to get a bigger chance of winning is still used by many people because they think that the odds will go up if they have lots of tickets, especially with ticket prices that tend to be very cheap which allows people to buy lots of tickets at once. But everything will come back to your luck because if you don't have luck, you won't be able to get anything and only spend money without winning.

The lottery does provide an opportunity for people who want to earn a lot of money, but they must know that everything depends on luck. That's where they have to think about how much money they can use to buy the tickets but not interfere with their finances. And they should also realize that buying lots of tickets does not guarantee they will win big money or jackpots.

[mak013]

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds.

[delfastTions]

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds.

Of course, the probability of a big win is so minimal that even hoping for such a win is generally pointless.  The statistics of your expenses really clearly show that participation in the lottery is just money lost.  And of course, it would be better to invest them in some useful stocks or bonds, or in general just buy some things useful for you with them.  In this sense, all sellers of lottery tickets are such "pipe dream" sellers.  But many people believe and hope that they will be lucky and the dream will come true.  And they buy the lottery all the time and don't win anything for years.  But you can always dream that in the next draw I will be lucky and I will become a millionaire. 
But in the end, all this bothers and people stop buying the lottery. 
However, new dreamers come to replace and the cycles continue endlessly.

[arwin100]

Your worlds are quite logical because there is no guarantee of winning the lottery. If someone buys lottery tickets at a certain rate throughout his life, there is no assurance that he will win rather there is a high probability that he will loss. So all the time in his life that he spends his money on the lottery can be said to be a total waste. In this case, many people think that if fate favors him, then he can win. But that number is negligible. If a small amount of money can be spent which is not a problem, then a person can buy a lottery to find his luck.

Just buy one ticket in every lottery, technically you has a chance to win every lottery even though the chance is near to 0%. However I think the popularity of lottery is greatly reduced due to impossible to win and there's no fun when you buy the ticket. Unlike sports betting where you can watch the match and enjoy it.

What's make lottery is bad because there's no transparency to pick the winner, that's why most people think lottery is a rigged game.

I made so for several years. I bought several tickets every income. As the result all my prizes were less than i spent buying these tickets. After it i counted chances to win big prize(much more than the ticket cost) and understood that the best way was to invest these money in some stocks and bonds.

Of course, the probability of a big win is so minimal that even hoping for such a win is generally pointless.  The statistics of your expenses really clearly show that participation in the lottery is just money lost.  And of course, it would be better to invest them in some useful stocks or bonds, or in general just buy some things useful for you with them.  In this sense, all sellers of lottery tickets are such "pipe dream" sellers.  But many people believe and hope that they will be lucky and the dream will come true.  And they buy the lottery all the time and don't win anything for years.  But you can always dream that in the next draw I will be lucky and I will become a millionaire. 
But in the end, all this bothers and people stop buying the lottery. 
However, new dreamers come to replace and the cycles continue endlessly.

Maybe much better to ignore those statistics and just enjoy the lottery since if you always count your losses maybe you will not like it in the long run. So much better bet small and let the faith decide if you win the jackpot prize since for this everything will be fine for you especially on financial aspects since you will not lose any big amount just trying to win the pot prize at stake on lotteries.

This millions prize at stake is one of the factor why people want to bet and chase winnings since they dream to change their lives instantly and winning on lottery is one of their way to escape poverty.

[Porfirii]

A few days ago I saw Nolan's new film about Oppenheimer's life and (not really a spoiler) in a few moments during the film the protagonist is worried about the possibility of a chain reaction that could be able to burn the entire earth's atmosphere. Although the probability is "almost zero", it is still theoretically possible and, therefore, the psychological effects of these images are disturbing for him.


Source: www.scienceabc.com / NASA Vadim Sadovskis.

I couldn't help but think about this thread, and how the positive side of the same effect (when it doesn't become an obsession) is the reason of lotteries being so successful. Although the possibility is near zero, images of a dear life come to the player's mind, creating a pleasant feeling.