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Author Topic: Lotteries and possibility vs. probability  (Read 6104 times)
Porfirii (OP)
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October 07, 2023, 09:55:18 AM
 #621

In the lottery there are fixed quantity of the winners(or fixed prize) and lots of participators. In sport betting everybody can choose the winner. Even if you bet with closed eyes - there are 3 results and your chances 33%.
And one more important thing. In the lottery the prize consists of money of the gamblers. In the sport betting - casino pays.

Sorry to disagree, but this is like saying that as you can be blind or not, you have 50% chances of being blind. Another think is that you like betting into sports and you want to believe that this is true, but reality is much more complicated than that. Not to talk about your next sentence (yes, casino pays, but with the money earned from other players in different games, so the prize consists of money of whom?).

The reason why lottery is harder is because the prize is also much bigger. Nobody will get rich if his team wins the match by spending just a few bucks.
I`m talking about situation when we don`t think about win and the odd and bet on one of three results - two wins and draw. So the win chance is about 33%. If we are talking about lottery - win chance is about 1/10mln. Even if we are talking about prizes like ticket price - it will be about 5-10%(depends on lottery).
About casino pays - the odds doesn`t depends on the number of bettors, so it doesn`t matter how many gamblers lost money in this casino before(and there are new casino, that haven`t gamblers money yet). And the lottery calculates how much money they got from tickets and after it calculate the prizes.

Last week i won the bet with the 13 odd. And it is not the only bet i`ve made. In lottery such win is possible for less the 0.1%

I understand your point of view mak013, it is simply that we are looking at different sides of the same coin. And I agree with you that skill can help a little bit in sports bets, while it has zero effect in lotteries, but the fact that the casino determines the odds and is more skilful than most players makes the importance of the skill in this kind of bettings negligible.

In other games, for example, when you bet that the outcome will be bigger than 1 in a range of 1-100, you have (not really, but let's make it easy) 99% of chances to win. But the reward is 0.01, so you have to play 100 times to double your initial money, so it is not a 99% chance of winning anymore. The same happens in sports: if the favourite team has about 1/4 odds of winning, you'll have to bet four times, if I'm not wrong, to double your money, and chances are that you lose at least once before it happens. Your skill is not usually better than common knowledge, and odds are calculated a bit better than what common knowledge says.

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October 07, 2023, 01:54:47 PM
 #622

Actually it is. I don't know about your locality but there are local shops in here which provide lotteries and there's no way to verify if those are real.
If you win the lottery your lottery number gets displayed in the newspaper but who knows that the number we get are not fake.
Unfortunately, you are correct. There is no way for the player to be sure the game is fair and he hasn't been cheated. I never heard of a lottery game that uses a provably fair system and not sure if such one exists.
The only thing you can do is to play with famous and big companies which are less likely to cheat. You need to trust the game organizer and hope they will not manipulate the results.
no one knows whether the results are manipulated or not. This is a game, if we happen to be lucky then we will win. and if not, just think we're unlucky and can only keep betting until we wait for our luck to come.
we can only trust the company, and thousands or even millions of gamblers also bet on luck. no company wants to lose money. they win some, but gain more than others. that's what happened.

That's the reason why I suggest my father not to waste much in such lotteries. If they were genuine then I wouldn't stop them since there is no way to verify it I just suggest them sometimes to not waste money on it.
Recently we had a talk on this topic and he mentioned that he has stopped those lotteries and now puts money only in government authorized lotteries.
At least that is better than these local shops.

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October 07, 2023, 02:58:32 PM
 #623

I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?



Here in our country, there are many of our compatriots who bet on the lottery because they see it as a hope for the fulfillment of their dreams of getting out of the poverty that they are following. The others here have been betting for decades; they have numbers that have been taken care of for several years but still do not win.

And the others who get the jackpot in the lotto 15 years or 20 years, the others who take care of the number, they estimate always a combination of their children's birthday and their birthday. That's what they usually do before they win the lottery; they patiently wait in line to just bet on the lotto, and it's worth it because those who become lotto winners are lucky.

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October 07, 2023, 05:31:43 PM
 #624

Even my dad has this crazy hope of winning a lottery. He buys it at regular intervals in the hope that he will big some day and live the rest of his life in luxury.
I don't want to kill his hope but I do advice him not to waste money in lotteries because I think buying local lotteries from shops are fake.
Almost every single person who buys tickets in a lottery has the same mindset, they dream of getting their life changed in the blink of an eye if they actually win that amount and they are not wrong in thinking about that because in each round, there is a winner who is having their dreams fulfilled and it can be anyone, but the harsh reality is that it is not easily achievable, though it's not in anyone's hands since it's random, it requires a lot of luck for that to fall in your destiny.

So, you shouldn't stop your dad from dreaming because when someone has dreams, that means they are alive and they love their life which is a great thing, but if you think that the place where he buys the tickets from is fake, it's you who can actually find out if the source is authentic or not.

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October 07, 2023, 07:05:17 PM
 #625

Even my dad has this crazy hope of winning a lottery. He buys it at regular intervals in the hope that he will big some day and live the rest of his life in luxury.
I don't want to kill his hope but I do advice him not to waste money in lotteries because I think buying local lotteries from shops are fake.
Almost every single person who buys tickets in a lottery has the same mindset, they dream of getting their life changed in the blink of an eye if they actually win that amount and they are not wrong in thinking about that because in each round, there is a winner who is having their dreams fulfilled and it can be anyone, but the harsh reality is that it is not easily achievable, though it's not in anyone's hands since it's random, it requires a lot of luck for that to fall in your destiny.

So, you shouldn't stop your dad from dreaming because when someone has dreams, that means they are alive and they love their life which is a great thing, but if you think that the place where he buys the tickets from is fake, it's you who can actually find out if the source is authentic or not.
It is very hard to win in a lottery because most of the results are based on the numbers of winners. Many people enters into lottery because they believe that they can make money from forecasting games but one of the challenges is that not everyone that do have the luck to keep winning in a lottery. There is no need for one to even have a skill to win in a lottery. Winning is based on mostly luck to keep winning. Sometimes someone can win and the next time they will win again might be in a donkey years. I prefer normal sport betting than lottery because the changes of us winning is very slim.

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October 07, 2023, 08:54:01 PM
 #626

It is very hard to win in a lottery because most of the results are based on the numbers of winners. Many people enters into lottery because they believe that they can make money from forecasting games but one of the challenges is that not everyone that do have the luck to keep winning in a lottery. There is no need for one to even have a skill to win in a lottery. Winning is based on mostly luck to keep winning. Sometimes someone can win and the next time they will win again might be in a donkey years. I prefer normal sport betting than lottery because the changes of us winning is very slim.
After I read what you wrote and you said several times that winning the lottery will depend on luck, I really agree, but all this is done just to try your luck with the amount you can afford. Like what I do, sometimes I buy lottery tickets several times with quite small amounts. to try my luck I got a big multiplier from the lottery and who knows if we are lucky to get a big win with a small ticket purchase so there is no harm in always trying with a smaller amount.
If you say you prefer sports betting with a more moderate risk of losing your money, you have to remember and look at how many big clubs in several leagues have lost or failed to win the match and I'm sure if there is a match between a big club and a weak club, it will definitely You will bet on the popular club but you will be surprised to see the club you chose being defeated by a weak club and this is the surprise in sports betting like luck in lottery.

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October 07, 2023, 09:50:49 PM
 #627

It is very hard to win in a lottery because most of the results are based on the numbers of winners. Many people enters into lottery because they believe that they can make money from forecasting games but one of the challenges is that not everyone that do have the luck to keep winning in a lottery. There is no need for one to even have a skill to win in a lottery. Winning is based on mostly luck to keep winning. Sometimes someone can win and the next time they will win again might be in a donkey years. I prefer normal sport betting than lottery because the chances of us winning are very slim.
After I read what you wrote and you said several times that winning the lottery will depend on luck, I really agree, but all this is done just to try your luck with the amount you can afford. Like what I do, sometimes I buy lottery tickets several times with quite small amounts. to try my luck I got a big multiplier from the lottery and who knows if we are lucky to get a big win with a small ticket purchase so there is no harm in always trying with a smaller amount.
If you say you prefer sports betting with a more moderate risk of losing your money, you have to remember and look at how many big clubs in several leagues have lost or failed to win the match and I'm sure if there is a match between a big club and a weak club, it will definitely You will bet on the popular club but you will be surprised to see the club you chose being defeated by a weak club and this is the surprise in sports betting like luck in lottery.
Everything related to gambling is based on luck and for that, we have to only stake an amount that will not affect us when and if our luck doesn't pay off,  I don't really participate in lottery ticket buying but the few times that I do,  I only spend a few cents at least an amount I can afford to just throw away.

But bad luck for me I did not pick the lucky number for that round and I lost and ever since then,  I quit buying lotteries and only gamble with either sports bet or other in-house games that require my involvement in the game process.

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October 08, 2023, 12:55:13 AM
 #628

It is very hard to win in a lottery because most of the results are based on the numbers of winners. Many people enters into lottery because they believe that they can make money from forecasting games but one of the challenges is that not everyone that do have the luck to keep winning in a lottery. There is no need for one to even have a skill to win in a lottery. Winning is based on mostly luck to keep winning. Sometimes someone can win and the next time they will win again might be in a donkey years. I prefer normal sport betting than lottery because the chances of us winning are very slim.
After I read what you wrote and you said several times that winning the lottery will depend on luck, I really agree, but all this is done just to try your luck with the amount you can afford. Like what I do, sometimes I buy lottery tickets several times with quite small amounts. to try my luck I got a big multiplier from the lottery and who knows if we are lucky to get a big win with a small ticket purchase so there is no harm in always trying with a smaller amount.
If you say you prefer sports betting with a more moderate risk of losing your money, you have to remember and look at how many big clubs in several leagues have lost or failed to win the match and I'm sure if there is a match between a big club and a weak club, it will definitely You will bet on the popular club but you will be surprised to see the club you chose being defeated by a weak club and this is the surprise in sports betting like luck in lottery.
Everything related to gambling is based on luck and for that, we have to only stake an amount that will not affect us when and if our luck doesn't pay off,  I don't really participate in lottery ticket buying but the few times that I do,  I only spend a few cents at least an amount I can afford to just throw away.

But bad luck for me I did not pick the lucky number for that round and I lost and ever since then,  I quit buying lotteries and only gamble with either sports bet or other in-house games that require my involvement in the game process.
That's true. Don't spend in gambling the money that you can't live without, a rule that many gamblers can't follow due to their belief that gambling is the answer to their problem.

Anyway, lottery is a luck based games, therefore if you buy a ticket don't expect anything, since the chance for a gambler to win is really slim. Although it can change your life (become rich) once you hit the lucky numbers. The reason why many of us are still trying their luck to lottery, good thing the ticket is cheap.

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October 08, 2023, 02:54:12 AM
 #629

There are some lottery players out there who actually believe that the number of tickets one owns will raise their chances of winning, just like we see on Freebitco in our lottery page where they tell us the number of tickets we own, the total number of tickets of every player put together, and then our chances of winning.

There are some gamblers who think that winning a lottery depends on how many tickets one owns, but unfortunately for those with a lot of money to spend, and fortunately for those with not so much money, winning the lottery does not have to do with the number of tickets one owns or bought, if it was calculated by the number of ticket one owns, then it simply means its no longer a luck based game, but a game that depends on how much money owns..

We can draw our examples from freebitco lottery system, one of the lottery games I've come to trust honestly.
It will require a lot of money to be able to buy lottery tickets on freebitco because many people already have more tickets than others. And even though their chances are higher than other people, they still have to have luck to win. But people with only a few lottery tickets have the same chance of winning because they both need their luck to win. And we have also seen how luck ultimately comes to people who only have fewer tickets than others. So no matter how many lottery tickets we have, we still can win even though we have to compete with people with more tickets.

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October 08, 2023, 05:03:14 AM
 #630

There are some lottery players out there who actually believe that the number of tickets one owns will raise their chances of winning, just like we see on Freebitco in our lottery page where they tell us the number of tickets we own, the total number of tickets of every player put together, and then our chances of winning.

There are some gamblers who think that winning a lottery depends on how many tickets one owns, but unfortunately for those with a lot of money to spend, and fortunately for those with not so much money, winning the lottery does not have to do with the number of tickets one owns or bought, if it was calculated by the number of ticket one owns, then it simply means its no longer a luck based game, but a game that depends on how much money owns..

We can draw our examples from freebitco lottery system, one of the lottery games I've come to trust honestly.
It will require a lot of money to be able to buy lottery tickets on freebitco because many people already have more tickets than others. And even though their chances are higher than other people, they still have to have luck to win. But people with only a few lottery tickets have the same chance of winning because they both need their luck to win. And we have also seen how luck ultimately comes to people who only have fewer tickets than others. So no matter how many lottery tickets we have, we still can win even though we have to compete with people with more tickets.
That's what makes it interesting because there is actually no assurance for any person to actually secure a victory by buying tickets and knowing this is what's make people and gamblers still have that mind to gamble because even with a single ticket bought luck can still shine on you and before you know it you are the lucky winner of the lottery although there is a slight advantage of buying more tickets but there is no guarantee that you will come out victorious in the game.

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October 08, 2023, 09:41:40 AM
 #631

There are some lottery players out there who actually believe that the number of tickets one owns will raise their chances of winning, just like we see on Freebitco in our lottery page where they tell us the number of tickets we own, the total number of tickets of every player put together, and then our chances of winning.

There are some gamblers who think that winning a lottery depends on how many tickets one owns, but unfortunately for those with a lot of money to spend, and fortunately for those with not so much money, winning the lottery does not have to do with the number of tickets one owns or bought, if it was calculated by the number of ticket one owns, then it simply means its no longer a luck based game, but a game that depends on how much money owns..

We can draw our examples from freebitco lottery system, one of the lottery games I've come to trust honestly.
It will require a lot of money to be able to buy lottery tickets on freebitco because many people already have more tickets than others. And even though their chances are higher than other people, they still have to have luck to win. But people with only a few lottery tickets have the same chance of winning because they both need their luck to win. And we have also seen how luck ultimately comes to people who only have fewer tickets than others. So no matter how many lottery tickets we have, we still can win even though we have to compete with people with more tickets.
That's what makes it interesting because there is actually no assurance for any person to actually secure a victory by buying tickets and knowing this is what's make people and gamblers still have that mind to gamble because even with a single ticket bought luck can still shine on you and before you know it you are the lucky winner of the lottery although there is a slight advantage of buying more tickets but there is no guarantee that you will come out victorious in the game.

Could we say that lotteries are made for the poor, so? As a poor man myself, maybe that's the reason I like to play this game from time to time Cheesy

You are all right, even if you buy a huge amount of tickets, one hundred, for example, (and pay accordingly), a probability of 0.0000.... x100 is still 0.0000..... . Even if somebody spent all his money in lottery tickets, the probability would be almost the same in comparison with some player with just one ticket: next to zero. That's why I think that paying as little as possible in order to get a minimal possibility is enough in this kind of games.

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October 08, 2023, 05:42:53 PM
 #632

When you buy, you always think of the possibility that when you wake up tomorrow you'll see your number on the papers. My old pa does it all the time to this day.

Nothing beats HOPE. It's the only thing that keeps the poor old 65-year-old man from buying tickets in hopes that he might save all the rest of his family from the hell hole we've been in all our lives. We wouldn't want to kill his dream of winning and it's almost like a habit of the old man to buy tickets, even allocate a few funds for it.
I agree with you. Hope is a very great power and should not be taken away from a person. Take away a person's hope and you take away his life. During the Second World War, people who were in death camps died or went crazy when they lost hope of salvation, a tough but good example. If it doesn’t cause any financial problems, then why not, we should let it be, that’s good
You got an interesting example there huh but I think their situation is different and much worse from the lottery players. Even if let say they didn't lose a hope, I think they will still end up on the same situation, or they will still die.

As for the lottery players, no matter how much hope we have but if we aren't destined to be the lottery winner or a millionaire through it, it will never happen. So instead of wasting money and time, it would be better to try your luck in any other things. I'm sure our luck is in one of them but the trickiest part is we don't have any hints if which thing was that. I guess the best thing that we can do is to try and sense them carefully.
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October 08, 2023, 07:35:08 PM
 #633


Could we say that lotteries are made for the poor, so? As a poor man myself, maybe that's the reason I like to play this game from time to time Cheesy


It seems that the question you asked is not quite right. Because basically everyone is free to gamble and everyone is also free to choose what type of game they will play, including lottery games. In gambling there are no boundaries, whether you are rich or poor, whether you are a businessman or an ordinary citizen, everyone can gamble as long as they have money to bet. It's just that because this type of gambling (Togel) doesn't require a lot of money to be able to place a bet, this type of gambling is often enjoyed by poor people, many of whom think that playing Togel can change their lives financially and become someone. suddenly rich.

And I speculate that lottery gambling was created and intended for people who lack work, who spend their time doing useless analysis and constantly turning over numbers.
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October 08, 2023, 09:23:30 PM
 #634

There are some lottery players out there who actually believe that the number of tickets one owns will raise their chances of winning, just like we see on Freebitco in our lottery page where they tell us the number of tickets we own, the total number of tickets of every player put together, and then our chances of winning.

There are some gamblers who think that winning a lottery depends on how many tickets one owns, but unfortunately for those with a lot of money to spend, and fortunately for those with not so much money, winning the lottery does not have to do with the number of tickets one owns or bought, if it was calculated by the number of ticket one owns, then it simply means its no longer a luck based game, but a game that depends on how much money owns..

We can draw our examples from freebitco lottery system, one of the lottery games I've come to trust honestly.
It will require a lot of money to be able to buy lottery tickets on freebitco because many people already have more tickets than others. And even though their chances are higher than other people, they still have to have luck to win. But people with only a few lottery tickets have the same chance of winning because they both need their luck to win. And we have also seen how luck ultimately comes to people who only have fewer tickets than others. So no matter how many lottery tickets we have, we still can win even though we have to compete with people with more tickets.
That's what makes it interesting because there is actually no assurance for any person to actually secure a victory by buying tickets and knowing this is what's make people and gamblers still have that mind to gamble because even with a single ticket bought luck can still shine on you and before you know it you are the lucky winner of the lottery although there is a slight advantage of buying more tickets but there is no guarantee that you will come out victorious in the game.
Gambling is gambling regardless wether or not the gambler win,  this mindset is what we should have at the back of our mind while gambling because that will help us to minimize the chances of getting depressed if our speculated bet doesn't win,  and also prepare our mind to stay motivated at all time,  this is what we should build our focus on.

Lottery ticket may not involve the efforts of the lottery player,  but then also he must be lucky enough to have chosen the right lottery no that will become the winning number in the long run

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October 09, 2023, 04:35:55 AM
 #635


Could we say that lotteries are made for the poor, so? As a poor man myself, maybe that's the reason I like to play this game from time to time Cheesy


It seems that the question you asked is not quite right. Because basically everyone is free to gamble and everyone is also free to choose what type of game they will play, including lottery games. In gambling there are no boundaries, whether you are rich or poor, whether you are a businessman or an ordinary citizen, everyone can gamble as long as they have money to bet. It's just that because this type of gambling (Togel) doesn't require a lot of money to be able to place a bet, this type of gambling is often enjoyed by poor people, many of whom think that playing Togel can change their lives financially and become someone. suddenly rich.

And I speculate that lottery gambling was created and intended for people who lack work, who spend their time doing useless analysis and constantly turning over numbers.
Anyone can bet, regardless of wealth. Thats interesting, but lets think about something else. Games like Togel, which are cheap at initially, can give people a false sense of stability and hope.

Gaming emphasizes choice, which is true. Do not dismiss its downside. Many believe they can win large and improve their lives immediately. Unfortunately, they often get locked in a cycle of chasing losses and hoping for a huge break. Do you desire freedom to choose when the consequences might be so bad for many?

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October 09, 2023, 04:51:18 AM
 #636


Could we say that lotteries are made for the poor, so? As a poor man myself, maybe that's the reason I like to play this game from time to time Cheesy


It seems that the question you asked is not quite right. Because basically everyone is free to gamble and everyone is also free to choose what type of game they will play, including lottery games. In gambling there are no boundaries, whether you are rich or poor, whether you are a businessman or an ordinary citizen, everyone can gamble as long as they have money to bet.

-snip-
Anyone can bet, regardless of wealth. Thats interesting, but lets think about something else. Games like Togel, which are cheap at initially, can give people a false sense of stability and hope.

Gaming emphasizes choice, which is true. Do not dismiss its downside. Many believe they can win large and improve their lives immediately. Unfortunately, they often get locked in a cycle of chasing losses and hoping for a huge break. Do you desire freedom to choose when the consequences might be so bad for many?


Well, it seems that I should explain that I was just kidding when I posed that question, of course anyone can bet almost any game he wants (although I don't think I would be welcome at the same table the King is playing at Montecarlo).

About choice, I will repeat what I have said a few times before: I don't think that we have a real choice, at least in terms of outcome (you decide a number, a colour, a strategy, but the odds are already given before you choose). That's why I think that, in these games, one may fall in a false sense of control, that is very hard in lottery (apart from magical thinking).

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October 09, 2023, 07:32:31 AM
 #637


It seems that the question you asked is not quite right. Because basically everyone is free to gamble and everyone is also free to choose what type of game they will play, including lottery games. In gambling there are no boundaries, whether you are rich or poor, whether you are a businessman or an ordinary citizen, everyone can gamble as long as they have money to bet. It's just that because this type of gambling (Togel) doesn't require a lot of money to be able to place a bet, this type of gambling is often enjoyed by poor people, many of whom think that playing Togel can change their lives financially and become someone. suddenly rich.

And I speculate that lottery gambling was created and intended for people who lack work, who spend their time doing useless analysis and constantly turning over numbers.
Anyone can bet, regardless of wealth. Thats interesting, but lets think about something else. Games like Togel, which are cheap at initially, can give people a false sense of stability and hope.

Gaming emphasizes choice, which is true. Do not dismiss its downside. Many believe they can win large and improve their lives immediately. Unfortunately, they often get locked in a cycle of chasing losses and hoping for a huge break. Do you desire freedom to choose when the consequences might be so bad for many?

That's the dangerous side of the game. Because when we are free to offer anything as a bet then indirectly we also have no limits so that when indeed the bets we place are small, the results will definitely adjust and vice versa when the bets we place are quite large, the results will be much greater.
I have a brother who always does this game even though I try to prohibit it because I think it will only be played by numbers but he always tries to do this type of game where when he sees togel on our local site divided into 4 times in the opening he tries in all zones (4 times) initially only trying with small bets but indeed it is precisely with the more accustomed he is in togel every day precisely this makes the level of addiction even greater.
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October 10, 2023, 02:54:59 AM
 #638

That's what makes it interesting because there is actually no assurance for any person to actually secure a victory by buying tickets and knowing this is what's make people and gamblers still have that mind to gamble because even with a single ticket bought luck can still shine on you and before you know it you are the lucky winner of the lottery although there is a slight advantage of buying more tickets but there is no guarantee that you will come out victorious in the game.
And that's what makes people addicted to continuing to buy lottery tickets because with just one or a few tickets, they have the same chance of winning as people who have lots of lottery tickets. We have also seen that some people only have a few tickets but can win prizes from the lottery. That's what keeps people buying the lottery because they think that one day, they could be the winner. They have also made a budget to buy tickets so that they never miss out on having tickets for each round.

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October 10, 2023, 06:27:38 AM
 #639

That's what makes it interesting because there is actually no assurance for any person to actually secure a victory by buying tickets and knowing this is what's make people and gamblers still have that mind to gamble because even with a single ticket bought luck can still shine on you and before you know it you are the lucky winner of the lottery although there is a slight advantage of buying more tickets but there is no guarantee that you will come out victorious in the game.
And that's what makes people addicted to continuing to buy lottery tickets because with just one or a few tickets, they have the same chance of winning as people who have lots of lottery tickets. We have also seen that some people only have a few tickets but can win prizes from the lottery. That's what keeps people buying the lottery because they think that one day, they could be the winner. They have also made a budget to buy tickets so that they never miss out on having tickets for each round.
Lottery does not have clearly visible odds like sports betting which clearly states the odds for each team and this makes it challenging for gamblers to win so there will continue to be curiosity every time they buy the lottery with the predictions they have made.
Even when they succeed in getting their winnings lottery hunters always buy it with the winning money or other money which may only be small nominal amount because in lottery betting anyone with great luck can get the jackpot by just betting small money if all the numbers on the ticket are correct really comes out as whole.

I consider lottery hunters to be people who are full of confidence and trust in what they have in lottery tickets.
Even though it clear they won't necessarily be able to win once a month with so many purchases they are happy and feel quite high adrenaline when they see the numbers that come out and match the row of numbers on the ticket.

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October 10, 2023, 07:47:28 AM
 #640

I`m talking about situation when we don`t think about win and the odd and bet on one of three results - two wins and draw. So the win chance is about 33%. If we are talking about lottery - win chance is about 1/10mln. Even if we are talking about prizes like ticket price - it will be about 5-10%(depends on lottery).
About casino pays - the odds doesn`t depends on the number of bettors, so it doesn`t matter how many gamblers lost money in this casino before(and there are new casino, that haven`t gamblers money yet). And the lottery calculates how much money they got from tickets and after it calculate the prizes.

Last week i won the bet with the 13 odd. And it is not the only bet i`ve made. In lottery such win is possible for less the 0.1%

I understand your point of view mak013, it is simply that we are looking at different sides of the same coin. And I agree with you that skill can help a little bit in sports bets, while it has zero effect in lotteries, but the fact that the casino determines the odds and is more skilful than most players makes the importance of the skill in this kind of bettings negligible.

In other games, for example, when you bet that the outcome will be bigger than 1 in a range of 1-100, you have (not really, but let's make it easy) 99% of chances to win. But the reward is 0.01, so you have to play 100 times to double your initial money, so it is not a 99% chance of winning anymore. The same happens in sports: if the favourite team has about 1/4 odds of winning, you'll have to bet four times, if I'm not wrong, to double your money, and chances are that you lose at least once before it happens. Your skill is not usually better than common knowledge, and odds are calculated a bit better than what common knowledge says.
It is so, and we`ve seen several months ago how gambler lost $1.000.000 with the odds less than 1.07(as i remember). And now i trying to teach my friend how to make sport bets. He doesn`t know anything about gambling and sports and it is really hard. So i can understand your words about "common gambler".
As the result, we have a choice to get small sums with less risk or try to get big prize with chances about zero. Everybody can choose himself and i thinks that it is possible depends on people. Someone would prefer small but stable(as it possible) wins and someone can believe in luck and wait big prize.

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