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Author Topic: Lotteries and possibility vs. probability  (Read 5835 times)
Onyeeze
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August 17, 2023, 05:49:26 PM
 #401

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling

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August 17, 2023, 08:40:38 PM
 #402

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

This is why it would really be always that ideal that you should place bets and purchase up tickets on controlled manner.It isnt really that bad to make bets on lotteries since it is really just that
some past time and dont spend up too much.

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August 17, 2023, 11:23:12 PM
 #403

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

This is why it would really be always that ideal that you should place bets and purchase up tickets on controlled manner.It isnt really that bad to make bets on lotteries since it is really just that
some past time and dont spend up too much.

That is a good suggestion, others forgot to control themselves in fear of missing out and go all in, spending their entire money for the numbers they think will come out during raffles.  Making them empty-handed and having no more funds to buy their daily needs.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.


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August 18, 2023, 06:07:56 AM
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 #404

It is due to the small price of the ticket. When you choose to buy coffee or ticket - it is easy to buy a ticket. And it is easy to dream about big prize. And someone even win it. But the maths says that it would be better to make a deposit or invest it in something more real than this prize. At least - just but a coffee.

I always think something, when a person buys a lottery ticket, perhaps they are not so clear about their possibilities, but a very strong hope arises in them to be able to cling to it, in their minds a very great possibility grows and that is something that they always have on their mind, there is no other way, even if you tell them that it is very difficult for them to win, they will always buy, because for them their faith moves mountains, for that reason there is always that possibility of always staying very up to date with everything that has to do with lottery things, it does not matter if the ticket increases in price, for them the best thing will always be that lottery, and if they do not win, they keep hope to continue playing, they are things that they always pass.

I have a friend who plays a lottery in Colombia, and it is a lottery that has 4 digits to win, the truth is that I see it as very impossible to win, because 4 figures is a lot, what can happen here is that you have a Good luck winning, sometimes the numbers for these lotteries are not all sold, because the lottery is played every day and that is something that really affects the probability, in the case of the possibilities there are many, but the probability decreases enormously .

This friend buys that ticket for 10,000 COP, which is almost equivalent to 2.5USD, he does it every day, and he buys it with the same faith in winning, so these things for him say that he can get a lucky shot and if he wins it He buys a house that is very big, and he has in mind that it costs 20,000 dollars, it is farm-style, where they have horses, cattle, it is quite large, the truth is that it seems to me that it is a great option, and I tell him a house of A lot of money is spent on these, because it is needed to do the maintenance, really a house like that needs to be working and working every day, of course they can farm there , but I think that it is necessary to find personnel so that it is always well.
It because he see only everyday spends. And it is only $2.5. But in month it is about $70. It is not a big sum but he can buy some stocks every month. As for me the result would be better than from the lottery.
Of course you have a chance to win big prize. But there are about a million same men and women that have the same chances. And in stocks your chances much higher.

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August 18, 2023, 06:55:43 AM
 #405

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

I have been playing lottery gambling for quite a long time. Indeed, in this gambling the chances of winning are very low, but the prizes offered in this gambling are quite tempting, it can be many times the amount we risk to buy lottery tickets. In this gambling we do two ways to win the lottery. First, rely on luck by continuing to put the same numbers in every draw continuously and. Second, we can rely on knowledge and ability to analyze the possible numbers that will come out.


Quote from: serjent05
So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

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August 18, 2023, 11:20:08 AM
 #406

Quote from: serjent05
So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

That's the beauty of this game: the chances to make a betting spree are reduced due to the specific nature of the lottery. On one hand, it is not an instant game, so you have to wait until the scrutiny is done before making a new bet. On the other hand, although other games like football and different sports aren't instant either, matches are exciting for the fans, which can make them bet more and/or more often, but with lotteries there is little to no excitation. So, IMO, it is a good game to play "with head" instead of more impulse driven which is what many other games encourage.

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August 18, 2023, 04:44:26 PM
 #407

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling

I don't know if we should even categorize lottery as gambling because it doesn't seems like gambling to me, though we believe that lottery are in categories and we have them by their requirements according to the issuer for this offer, in lottery, we have free offers and that of paid offers for you to apply for one depending on the source, both government and non governmental organizations make this offer and it's believed not to be gambling even though chances for winning are very small.

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August 18, 2023, 04:59:38 PM
 #408

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.
It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
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August 19, 2023, 03:00:52 PM
 #409

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.
It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

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August 19, 2023, 03:32:50 PM
 #410

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.
Talking about buying lottery tickets and having numbers at stake, so far it is still a question of how the dealer can issue numbers fairly and without manipulation because we ourselves really don't see any numbers coming out that day.
But if you think about it, maybe we will only think that the numbers come out randomly, but some people are still questioning whether these random numbers are really fair or not, because gamblers who have been able to win whole numbers so far are still very few, even almost 1% of the total an avid gambler betting on the lottery.

This is why it would really be always that ideal that you should place bets and purchase up tickets on controlled manner.It isnt really that bad to make bets on lotteries since it is really just that
some past time and dont spend up too much.

That is a good suggestion, others forgot to control themselves in fear of missing out and go all in, spending their entire money for the numbers they think will come out during raffles.  Making them empty-handed and having no more funds to buy their daily needs.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.


This happens because some gamblers think that buying more tickets can provide a greater chance of winning, but in reality it's not that easy and a large number of tickets also doesn't necessarily give one win if luck isn't on your side.
Most gamblers buy lottery tickets based on numbers that they believe bring good luck or special numbers so that they save more money because in these numbers there are only a few sequences.
If you have mastered your emotions and high curiosity, it is more difficult for every gambler to be able to control himself and of course not many gamblers can control themselves even though it's on lottery bets which can be bought with only small money.

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August 19, 2023, 05:03:02 PM
 #411

Quote from: serjent05
So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

That's the beauty of this game: the chances to make a betting spree are reduced due to the specific nature of the lottery. On one hand, it is not an instant game, so you have to wait until the scrutiny is done before making a new bet. On the other hand, although other games like football and different sports aren't instant either, matches are exciting for the fans, which can make them bet more and/or more often, but with lotteries there is little to no excitation. So, IMO, it is a good game to play "with head" instead of more impulse driven which is what many other games encourage.
Yes, the excitement in this game is almost non-existent, because apart from the small amount of the bet, the chance to win is also very small and the time limit is so long that it makes some people bored to wait.
Passion in the lottery game can only be felt during the seconds when the numbers are announced to be announced in the lottery. However, in my opinion, the lottery game can be enjoyed by all walks of life, and whether rich or poor, all of them can take part in this type of gambling.

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling

I don't know if we should even categorize lottery as gambling because it doesn't seems like gambling to me, though we believe that lottery are in categories and we have them by their requirements according to the issuer for this offer, in lottery, we have free offers and that of paid offers for you to apply for one depending on the source, both government and non governmental organizations make this offer and it's believed not to be gambling even though chances for winning are very small.
As long as there is money at stake in it, in my opinion, lottery is a type of gambling, even though the opportunity and the number of bets are small.

It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
The most tickets I've ever bought in a lottery game, I bought 20 lottery tickets and the total price was less than 2 dollars. But unfortunately none of the tickets match the announced results. and now I survive by only placing 3 tickets in one game. The big win I ever got from the lottery made me want to keep buying lottery tickets.

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August 19, 2023, 06:00:16 PM
 #412

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.
It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.

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August 19, 2023, 08:56:03 PM
 #413

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.
Practically, this how most, if not all, gambling games work. The casino get its commission and pays the winners from the losses of other gamblers. In lotteries, million of tickets are being sold every day/week (depending on the lottery). If tickets are being sold for $1 each then we are talking about millions of dollars. The lottery organiser will take Its commission and give the rest to the winner. This is why the won amount changes from week to week.

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Fatunad
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August 19, 2023, 08:56:50 PM
 #414

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.
It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.
They wont mind even if they would really be making out that entire life kind of betting that they would be doing since they do know that on the time that they would hit up the jackpot then they would definitely changed their lives forever in terms of financial aspect yet we know on how big lottery jackpots are. We know that those amounts might be that small but when it is really that accumulated specially if you do bet up on day to day basis even lets say $1-10 per day then it would really be that a huge amount if those numbers would be sum up for how many years or even decades that you are playing lottery. Well, its not really that bad for you to make out some bets on lotteries despite of that almost close to impossible odds on hitting or winning because its our own money that had been used and not theirs. It is really just that there are people who cant really afford
on betting on everyday with loteries. They might be able to make out some bets on several days but cant really sustain out for too long years.  Wink

R


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serjent05
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August 19, 2023, 09:22:16 PM
 #415

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

I have been playing lottery gambling for quite a long time. Indeed, in this gambling the chances of winning are very low, but the prizes offered in this gambling are quite tempting, it can be many times the amount we risk to buy lottery tickets. In this gambling we do two ways to win the lottery. First, rely on luck by continuing to put the same numbers in every draw continuously and. Second, we can rely on knowledge and ability to analyze the possible numbers that will come out.

I am never a fan of lottery gambling.  I never bought a single lottery ticket in my life although I watched my parents trying their luck on the national lottery, I am never attracted to it since I think that it is a waste of money since the chance of winning is very low.  I think that it is better to spend the money elsewhere than give it away to the gaming corporation.

Quote from: serjent05
So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

For those who have self-control yes, it is easier to control but I found several people spending almost all their earnings buying lottery tickets and then their will borrow funds for their basic needs, and even asking to credit canned foods from the store because they are lacking of fund due to overspending to buy lottery tickets.

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Hamphser
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August 19, 2023, 11:59:21 PM
Last edit: August 20, 2023, 12:14:41 AM by Hamphser
 #416

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

This is why it would really be always that ideal that you should place bets and purchase up tickets on controlled manner.It isnt really that bad to make bets on lotteries since it is really just that
some past time and dont spend up too much.

That is a good suggestion, others forgot to control themselves in fear of missing out and go all in, spending their entire money for the numbers they think will come out during raffles.  Making them empty-handed and having no more funds to buy their daily needs.

So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.


Play on something that you could afford to lose as always.Cant really deny though that there is some sort of boost up on the time that you do make out some lottery bets on which you are already

imagining that you are making or hitting the jackpot and already thinking on what are the things that you would gonna buy.lol. Its not bad to deal up with lottery if you can afford on throwing
some bucks on everyday for a longer period of time then its your choice to make. We've seen even on powerball on how jackpot prizes becomes so big or enourmous which does significantly means that there are lots of people who do love on betting on it because of that life changing opportunity.

Just like the rest been saying that dont expect or anticipate much because hitting this one is really that almost impossible and you would be needing all the luck in the world.

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maydna
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August 20, 2023, 11:50:55 AM
 #417

~snip~
You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game
Why not? Perhaps some people will allocate $ 10 of their weekly income to buy lottery tickets. They are also ready to buy lottery tickets until they can get them. Maybe they won't be able to win shortly, but that doesn't make them give up to keep buying tickets and still believe that one day, their luck will come and give them a chance to win.

Yes, it's not a smart way for some people, but at least it's what they can do, and they are very disciplined to stick to $10 per week and not over it. I prefer it to gambling, which can cause us to use more money. That is their expectation, and our expectations will definitely differ from theirs, which is normal.

~snip~
The most tickets I've ever bought in a lottery game, I bought 20 lottery tickets and the total price was less than 2 dollars. But unfortunately none of the tickets match the announced results. and now I survive by only placing 3 tickets in one game. The big win I ever got from the lottery made me want to keep buying lottery tickets.
It's okay if you keep buying 3 tickets in one game because we have to adjust our budget with the gambling budget. We can't buy the same amount over and over again if our budget requires more attention than a budget for gambling. That means we can be wise in managing our finances so that they are not only used for gambling.
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August 20, 2023, 12:17:21 PM
 #418

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.
Practically, this how most, if not all, gambling games work. The casino get its commission and pays the winners from the losses of other gamblers. In lotteries, million of tickets are being sold every day/week (depending on the lottery). If tickets are being sold for $1 each then we are talking about millions of dollars. The lottery organiser will take Its commission and give the rest to the winner. This is why the won amount changes from week to week.
You are very correct, I think anyone looking for a practical example should sign up on freebitco and see how the lottery works, casinos could loss money in normal gambling games like slot, casino games and even sports betting, since they will have to withdraw the profit they made from other players loses to pay those who won.
But in lottery games, the system is entirely different, they system of lottery is so designed that the casino never loses any thing but make profit, just as you have explained above, people spend their money to buy lottery tickets, this money would be gathered together and what ever amount is raised by the end of the day becomes the lottery prize which would be divided and shared amongst the winners (this is if there are more than one winner), after the casino have removed its commission from the prize money.
Though the above is based on lotteries ive played before, i believe there are other types of lotteries with a different setting.

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August 20, 2023, 06:11:42 PM
 #419

In this lottery game I don't have much experience on the game but I have seen many people who is gambling on this kind of gambling, but I know that the chances of winning gambling is higher either the gambles is simple or not, i know very well that theirs no gambling platform or kind of game that can be underrated, their is one time I was studying this gambling game called lottery but I was unable to understand it properly, I don't if the Will be any link to study this lottery kind of gambling, I want to experience the method of this gambling
When betting on lottery then it doesnt really need up that needing much knowledge on how to bet with it and speaking about odds then we do know that it is really having lesser compared into

those traditional gambling games. You wont really be needing to be that technical or knowing in depth about lotteries since you would really be just simply picking off some numbers and just
waiting for the draw to know the winning number combination which we know that the more number we do have the lesser odds we do able to win up. We've seen lotteries and sweepstakes
on our local on which the amount are really that life changing but the odds and chances are really that close to impossible.

Yeah, betting in the lottery is simply picking numbers and submitting to the ticket counter, then the ticket counter generates and reports your bets to the machine to save it for future reference.  There is nothing much to do after choosing the numbers to bet than waiting and paying for the entry ticket.

I have been playing lottery gambling for quite a long time. Indeed, in this gambling the chances of winning are very low, but the prizes offered in this gambling are quite tempting, it can be many times the amount we risk to buy lottery tickets. In this gambling we do two ways to win the lottery. First, rely on luck by continuing to put the same numbers in every draw continuously and. Second, we can rely on knowledge and ability to analyze the possible numbers that will come out.

I am never a fan of lottery gambling.  I never bought a single lottery ticket in my life although I watched my parents trying their luck on the national lottery, I am never attracted to it since I think that it is a waste of money since the chance of winning is very low.  I think that it is better to spend the money elsewhere than give it away to the gaming corporation.

Quote from: serjent05
So in gambling no matter where it is what it is, we should always gamble responsibly and moderate ourselves from spending too much.

indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.

For those who have self-control yes, it is easier to control but I found several people spending almost all their earnings buying lottery tickets and then their will borrow funds for their basic needs, and even asking to credit canned foods from the store because they are lacking of fund due to overspending to buy lottery tickets.
There are types of games, in gambling including lottery gambling. I believe everyone has their own preference and comfort in choosing games. Even though parents seem to dominate lottery gambling, it doesn't mean that other people can't participate if they are interested.

It is important to note that addiction can be a risk in any form of gambling including lottery games. However, I found that controlling oneself in lottery gambling is relatively easier because most people understand that the chances of winning are very low. It is unwise to spend a certain amount of money on tickets, with low chances of winning. As for those who are addicted to lottery gambling, this is because in lottery gambling they focus on getting wins by continuing to buy as many tickets as possible. Because there is no other focus in lottery gambling besides winning the lottery and luck.

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August 20, 2023, 08:49:12 PM
 #420

But in lottery games, the system is entirely different, they system of lottery is so designed that the casino never loses any thing but make profit, just as you have explained above, people spend their money to buy lottery tickets, this money would be gathered together and what ever amount is raised by the end of the day becomes the lottery prize which would be divided and shared amongst the winners (this is if there are more than one winner), after the casino have removed its commission from the prize money.
Yes. It's the same principle as all PvP games. Players send their money to the casino (game organizer) to be added to the pot. Players place bets against each other then when the result is announced, the casino send the winning to the winner from the pot after deducting service fees. In this scenario, the casino doesn't have to worry about not having enough funds to pay the winners no matter how huge the won amount is.

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