Lotteries and possibility vs. probability

[Mahanton]

Lotteries are indeed probabilistic in nature. There is ideally no guarantee and one of the biggest motivators is the evidence of one who has won and then the dream of winning sets in.

Often times people tend to dream beyond the point of seen evidence and imagined even more, this makes them damn whatever probability exists and face the possibility, when the equation is actually on the reverse.

We also cannot overemphasize the need for people to know that probabilistic systems involve a high degree of quantitative information and high degree of uncertainty.

Gambling on lottery or sports are all the same and we should consider them as both luck based and we even have a higher chance of football bets more than we have in the lottery due to the possibility to easily analyze football games than we do have in the lottery since with lottery what and all we have is just the number and our luck to win,  but football bets is not the same and some times we have and made accurate predictions based on our analysis of the team previous games.

Why some people still prefer the lottery winning to other gambling winning because of the possible total amount,  some lotteries can transform the ticket holders' lives overnight and the reason why many still go for the lottery such as the American Lottery and the rest.

You are right, but there are still some points to note also, and first of it is that, Lottery as you partially said is a pure luck-based game, it does not require any analyzing or brain works, on like sports betting that is part luck based and part knowledge based. this simply means that, on one hand, sports betting requires the gambler to have a good knowledge of the sports he or she is betting on to have a good chance of winning his or her bets, and on the other hand, the gambler still require to be lucky to predict correctly; the outcome of the sports he or she is betting on.

Coming back to reasons why some people will prefer to bet on sports while others will prefer to play the lottery, i would say that one other reason different from that which you have said is that, some people actually do not know anything about sports, that is, they have zero knowledge of sports and as such, it's hard for them to know which team to bet on to win a match, so instead of them just blindly guessing without any facts to aid them, they will prefer to just play the lottery where they need no knowledge of anything other than to just rely on luck for a possible win.

Absolutely, your differentiation between the mechanics of lottery and sports betting is spot on. The lottery, as you rightfully highlighted, stands on the sheer pillar of luck; theres no strategy, no planning, just a wild spin of fate. Sports betting, on the contrary, is a fusion - a concoction of luck and a deep-rooted understanding of the game. But, here lies the problem: if sports betting is partially based on knowledge, then is it genuinely gambling in its purest form?

Now, on the preference between sports betting and the lottery, its a spectrum of knowledge and ignorance. Some delve into the world of sports betting because they feel a sense of control due to their expertise. Others shy away because of their lack of sports knowledge, and the lottery provides that equalized platform where everyone, knowledgeable or not, stands the same chance. Its an arena where understanding is secondary, and luck reigns supreme.

You wont really be needing that technicality kind of thinking on trying out to differentiate in between lottery and and sports betting on which it is really that obvious that with lotteries then you would really be definitely be that relying with luck for you to win which is totally opposite when you do deal with sports betting.Yes, it does need that luck too yet there's no such thing about assurance on winning a gambling game
whether strategic or pure luck but the level of luck you would really be needing which would really be according or depends on what kind of game you are dealing with.

The bad thing about betting on lottery is on the time that you wont really be making yourself having lost control on what you are doing. On the time that you would really be betting like a mad man or compromising too much money that you do have on buying lottery tickets then this is where things turns out to be mess. If you do just simply realize on what are the odds or chances for you to be able to hit up the jackpot then
you would really be having that realistic approach towards it. There's no point on buying tons of tickets if you wont really be that lucky enough then you would really be just still
simply misses out on hitting up those combinations.

The best approach is that only spend on the amount which you can afford to lose whether $1-5 per day but this vary on how much you do earn or income you do have
because in some places or countries which $5 amount is already significant on day to day living considering that $10 is their main day salary or pay then
you would really be needing to adjust.

[Hirose UK]

Intuition tells me that too about sports betting, but it would be really interesting to know about research on this topic which proves that there is a real correlation between knowledge and gains, and the weight of skill in the outcome (I heard once that, in poker, skill is 80% of the probability to win, blackjack 60%, and so on, but I'm not sure about, for example, football bets).

My opinion is that we tend to overestimate the weight of knowledge in sports betting. In the end, our knowledge on sports is based on news that are available for everybody, so it has to be hard to be competitive when this info is public, left aside that luck plays a major role too in big wins, while "sure" bets (if there is anything like that) have low odds in exchange.

I frankly do not see the possibility in the metrics with which their analysis or conclusion is drawn. Even the best of analysts, when it comes to gambling, can have his professionalism challenged with the outcome of a speculation.
The gambling companies are in it for business and if everything goes as a professional analyst speculates then, it's only a matter of time before there is no business for the company.

If what we are talking about is the same as in the thread namely lottery the results will be different from sports betting and this difference is also very significant.
Whether it is the method of analysis or the results that can be obtained are never the same.

And I sure anyone who likes lottery betting can understand this difference and they always use more methods in making predictions because the lottery family is almost the same as NRG which is always random and there is no clear certainty.

[Doan9269]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

[Porfirii]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

Well, I don't think that playing lotteries will increase any chances of making money compared to gambling. In fact, nobody should take gambling or lotteries as a source of income, because they are not, and to me this leads to grief in the mid-long term.

But if we talk about happiness, then it can be fulfilling for the gambler, or any person, to feel the sensation of getting a minimal chance of changing one's life instantly.

We will never get superpowers, we could say that it is something that is impossible, but we still enjoy when we get out from cinema after seeing a superhero movie and dream about being able to fly, smash cars or launch spider-webs. To me, with lotteries something similar happens and, in addition, it is not impossible.

[Shamm]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

Well, I don't think that playing lotteries will increase any chances of making money compared to gambling. In fact, nobody should take gambling or lotteries as a source of income, because they are not, and to me this leads to grief in the mid-long term.

But if we talk about happiness, then it can be fulfilling for the gambler, or any person, to feel the sensation of getting a minimal chance of changing one's life instantly.

We will never get superpowers, we could say that it is something that is impossible, but we still enjoy when we get out from cinema after seeing a superhero movie and dream about being able to fly, smash cars or launch spider-webs. To me, with lotteries something similar happens and, in addition, it is not impossible.

Lotteries has a very small percentage of winning and there are many combinations  of a number so they need to study and wish for their lucky say in order to win the prize and the jackpot are too big amount of money. But in reality they cant win even though they have a good combination but still the jackpot is too hard to win. But there are gamblers who win and become a millionaire because of thier luck they will be the winner.

[Westinhome]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

The lottery is the oldest gambling as like the cock fighting and the horse race.All this gambling was used in the offline mode,but after the 20th century the most of the gambling game was get into the online mode.Because of the cryptocurrency the gambling industry was emerged in the highest way and used by the gambler all around the world.In other games,the multiple entry was against the rule,but in the offline lottery you can buy huge amount of lottery to increase your winning chances based on the money holding in your wallet or bank account.The luck was key factor for the winning in the gambling including the lottery.

[maydna]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

Playing the lottery is very difficult because we only rely on luck. We really need luck to win, especially to win the jackpot. That would only happen to people who really had good luck. But that makes many people buy lottery tickets because they still hope to win the jackpot. The attraction of the lottery can tempt many people to buy it because someone has already won the jackpot, so they still try even though they know the chances are not great. Some people have been regularly buying lottery tickets for a long time but have not been able to win even though it is a small prize. But that still doesn't stop them from buying lottery tickets.

[DabsPoorVersion]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

Playing the lottery is very difficult because we only rely on luck. We really need luck to win, especially to win the jackpot. That would only happen to people who really had good luck. But that makes many people buy lottery tickets because they still hope to win the jackpot. The attraction of the lottery can tempt many people to buy it because someone has already won the jackpot, so they still try even though they know the chances are not great. Some people have been regularly buying lottery tickets for a long time but have not been able to win even though it is a small prize. But that still doesn't stop them from buying lottery tickets.

It's not the way or how you play the lottery that makes it difficult, but the percentage of winning. As you have mentioned, the lottery is all about luck. Yes, over the years it become harder to win, causing the jackpots to grow bigger. This leads to gaining more popularity, meaning, more buying of lottery tickets. This also leads to an increase in the number of losing tickets that were added to the larger jackpots.

People keep on buying lottery tickets not only because they see someone already won the jackpot in the past, but the reason that makes them continue to regularly buy lottery tickets is because of the desire to at least get the jackpot and have a better life.

[HelliumZ]

Lottery, Possibility and Probability are basically used in the same sense, but betting for the purpose of getting something with a possibility or probability target is called lottery. But there may or may not be a possibility of winning something in the lottery.

Probability belongs two numbers 0 to 1

0<probability<1
Lottery indicates two numbers 0 or 1
0= lottery=1

[Porfirii]

For any addicted gambler that is fed up of using money for gambling, we can start in something new by having a related gambling experience through lottery which we can apply freely and wait for our luck to come, though in most cases, lottery is not thesame as gambling whereby you make decisions on yourself as to how the whole show should be, you only follow instructions to apply for it and wait for the result to comes out if lucky, those who always wish earnings is their target through gambling can try applying for lottery to increase their chances of making money instead of waiting on gambling alone.

Well, I don't think that playing lotteries will increase any chances of making money compared to gambling. In fact, nobody should take gambling or lotteries as a source of income, because they are not, and to me this leads to grief in the mid-long term.

But if we talk about happiness, then it can be fulfilling for the gambler, or any person, to feel the sensation of getting a minimal chance of changing one's life instantly.

We will never get superpowers, we could say that it is something that is impossible, but we still enjoy when we get out from cinema after seeing a superhero movie and dream about being able to fly, smash cars or launch spider-webs. To me, with lotteries something similar happens and, in addition, it is not impossible.

Lotteries has a very small percentage of winning and there are many combinations  of a number so they need to study and wish for their lucky say in order to win the prize and the jackpot are too big amount of money. But in reality they cant win even though they have a good combination but still the jackpot is too hard to win. But there are gamblers who win and become a millionaire because of thier luck they will be the winner.

Yes, in fact it makes no sense to think about any "good combination" in lotteries because it is the same to always play the same number or to change it every time, or to pick the 85927 versus the 00001: the probability is the same. That's why I use to pick random numbers every time I play: it helps me not to fall in the magic thinking that the "lucky numbers" imply. I'm sure that it is not so fun this way, but I prefer to keep a cold head when it comes to lotteries or gambling.

[maydna]

~snip~

It's not the way or how you play the lottery that makes it difficult, but the percentage of winning. As you have mentioned, the lottery is all about luck. Yes, over the years it become harder to win, causing the jackpots to grow bigger. This leads to gaining more popularity, meaning, more buying of lottery tickets. This also leads to an increase in the number of losing tickets that were added to the larger jackpots.

People keep on buying lottery tickets not only because they see someone already won the jackpot in the past, but the reason that makes them continue to regularly buy lottery tickets is because of the desire to at least get the jackpot and have a better life.

With the increase in the jackpot prize, more people are interested in starting to buy it, and it may even attract new people who have never previously purchased the lottery. And because they saw the jackpot prize was so big and tempting, they bought the lottery ticket. The casino's strategy has succeeded in getting more people to buy lottery tickets, which means the casino only has to calculate the profit they get and wait to see who the winner will be.

The reasons why people buy lottery tickets vary, but they all have the same desire, namely, to win the jackpot prize. It will improve their lives, and they already imagine what they would do if they could win the jackpot prize. They have even planned what they want to do with the money from the jackpot prize. But they have to be patient until the time comes for them to win the jackpot prize.

[Westinhome]

With the increase in the jackpot prize, more people are interested in starting to buy it, and it may even attract new people who have never previously purchased the lottery. And because they saw the jackpot prize was so big and tempting, they bought the lottery ticket. The casino's strategy has succeeded in getting more people to buy lottery tickets, which means the casino only has to calculate the profit they get and wait to see who the winner will be.

The reasons why people buy lottery tickets vary, but they all have the same desire, namely, to win the jackpot prize. It will improve their lives, and they already imagine what they would do if they could win the jackpot prize. They have even planned what they want to do with the money from the jackpot prize. But they have to be patient until the time comes for them to win the jackpot prize.

If the Jackpot money was more,it will temper the mot of the gambler to the involvement.If you are never purchased the lottery before,you should buy many lottery.Because buying lottery itself had an tactics,you should buy the number which is unique and many possibility of winning the game.If you are playing the online lottery,it’s most essential part to do the background check of that website before using your money.The reason for people to buy lottery was very simple for the big win compared to the other games.

[Wiwo]

Intuition tells me that too about sports betting, but it would be really interesting to know about research on this topic which proves that there is a real correlation between knowledge and gains, and the weight of skill in the outcome (I heard once that, in poker, skill is 80% of the probability to win, blackjack 60%, and so on, but I'm not sure about, for example, football bets).

My opinion is that we tend to overestimate the weight of knowledge in sports betting. In the end, our knowledge on sports is based on news that is available to everybody, so it has to be hard to be competitive when this info is public, left aside that luck plays a major role too in big wins, while "sure" bets (if there is anything like that) have low odds in exchange.

I frankly do not see the possibility in the metrics with which their analysis or conclusion is drawn. Even the best of analysts, when it comes to gambling, can have his professionalism challenged with the outcome of a speculation.
The gambling companies are in it for business and if everything goes as a professional analyst speculates then, it's only a matter of time before there is no business for the company.

We have some games and areas where skills and speculations are sometimes inaccurate and will fail us repeatedly,  but then also we have to choose those games based on the unique nature that comes along with them,  such as lotteries,  I wonder what kind of skills or expertise that one will need to make the best possible selections of the number to pick and whether or not it becomes the lucky number.

When it comes to gambling,  picking the right number that gives the winning or becoming the lucky number is quite and most important at some point,  and at best one needs to look out for that specific aspect of risk management and possible outcome of things in the long run.

[khaled0111]

You wont really be needing that technicality kind of thinking on trying out to differentiate in between lottery and and sports betting on which it is really that obvious that with lotteries then you would really be definitely be that relying with luck for you to win which is totally opposite when you do deal with sports betting.Yes, it does need that luck too yet there's no such thing about assurance on winning a gambling game

We have recently discussed this on another thread and to be honest I don't see any difference between the two games. They both rely on luck. The only major difference are the odds. The odds of winning the lottery are very tin but the reward is way bigger. Your knowledge about a sports game can help you make an educated guess but the result still rely on luck.
Every game has its own Charme and its fans. Some people like playing lotteries for example because of the low price of tickets and the possibility to win a life changing amount of money.

[maydna]

~snip~

If the Jackpot money was more,it will temper the mot of the gambler to the involvement.If you are never purchased the lottery before,you should buy many lottery.Because buying lottery itself had an tactics,you should buy the number which is unique and many possibility of winning the game.If you are playing the online lottery,it’s most essential part to do the background check of that website before using your money.The reason for people to buy lottery was very simple for the big win compared to the other games.

I've bought the lottery several times but couldn't win any prizes. I know that buying the lottery means we have to rely on luck. Meanwhile, luck won't be able to come if we don't deserve it. I've only ever bought lottery tickets at freebitco, and it's a legit and trusted casino site. It's been online since I knew crypto.

And indeed, the bigger the lottery prize, the more people will want to try their luck. It is something that people want to do, so they may have a specific budget for buying lottery tickets. And even though they can't win in the current round, they will still buy the lottery ticket because they still hope to win in the next round.

[Fivestar4everMVP]

Intuition tells me that too about sports betting, but it would be really interesting to know about research on this topic which proves that there is a real correlation between knowledge and gains, and the weight of skill in the outcome (I heard once that, in poker, skill is 80% of the probability to win, blackjack 60%, and so on, but I'm not sure about, for example, football bets).

My opinion is that we tend to overestimate the weight of knowledge in sports betting. In the end, our knowledge on sports is based on news that is available to everybody, so it has to be hard to be competitive when this info is public, left aside that luck plays a major role too in big wins, while "sure" bets (if there is anything like that) have low odds in exchange.

I frankly do not see the possibility in the metrics with which their analysis or conclusion is drawn. Even the best of analysts, when it comes to gambling, can have his professionalism challenged with the outcome of a speculation.
The gambling companies are in it for business and if everything goes as a professional analyst speculates then, it's only a matter of time before there is no business for the company.

We have some games and areas where skills and speculations are sometimes inaccurate and will fail us repeatedly,  but then also we have to choose those games based on the unique nature that comes along with them,  such as lotteries,  I wonder what kind of skills or expertise that one will need to make the best possible selections of the number to pick and whether or not it becomes the lucky number.

When it comes to gambling,  picking the right number that gives the winning or becoming the lucky number is quite and most important at some point,  and at best one needs to look out for that specific aspect of risk management and possible outcome of things in the long run.

If we are talking about lottery, then what i have to say is that, there is no experience or expertise in choosing a number, there is no skill or professionalism in lottery, we only can have people who have played the lottery for a very long time and due to how unlucky they are, they never have won a dime out of it, meanwhile someone else that just played the lottery for the first may get very lucky and win the jackpot.

This is a clear explainer to the fact that, lottery is purely based on luck, winning the game has nothing to do with one's experience, or how long the person have been playing, or how much one have invested in the game for the long term, the only way to increase ones chances of winning is to buy and hold as many tickets as number, and if the lottery is one that involved numbers, then tickets should be different numbers cause that the only way to increase one's chances of winning the game.

[348Judah]

If we are talking about lottery, then what i have to say is that, there is no experience or expertise in choosing a number, there is no skill or professionalism in lottery, we only can have people who have played the lottery for a very long time and due to how unlucky they are, they never have won a dime out of it, meanwhile someone else that just played the lottery for the first may get very lucky and win the jackpot.

There's no experience requirements for applying for lottery, everyone participating are taking the risk of being lucky or not to win, wether they uses their money for it application or not, it's all about being lucky, some have made it once and for all while others have been applying over years without having the opportunity of being selected for win, because of things like this, some have made it a decision to combine lottery and gambling to increase their chances for winning.

This is a clear explainer to the fact that, lottery is purely based on luck, winning the game has nothing to do with one's experience, or how long the person have been playing, or how much one have invested in the game for the long term, the only way to increase ones chances of winning is to buy and hold as many tickets as number, and if the lottery is one that involved numbers, then tickets should be different numbers cause that the only way to increase one's chances of winning the game.

If most people could understand this small and logical difference between lottery and gambling, they will make use of their time wisely while going for one after which they might have known all the requirements for applying for lottery or going for gambling without wny compromise.

[Fivestar4everMVP]

This is a clear explainer to the fact that, lottery is purely based on luck, winning the game has nothing to do with one's experience, or how long the person have been playing, or how much one have invested in the game for the long term, the only way to increase ones chances of winning is to buy and hold as many tickets as number, and if the lottery is one that involved numbers, then tickets should be different numbers cause that the only way to increase one's chances of winning the game.

If most people could understand this small and logical difference between lottery and gambling, they will make use of their time wisely while going for one after which they might have known all the requirements for applying for lottery or going for gambling without wny compromise.

You are right, lottery is actually another type of slot and casino games, as this games all are purely luck-based game, casino and slot games is actually a bit different in a very small area though, since one could apply some minor strategies to their slot or casino games to enable them win more money when luck hit, but in lottery, it is absolutely based on luck, no two ways about.

And another difference is that slot and casino games offer gamblers immediate gratification of result or the outcome of their game, while in lottery, one has to wait for some time just like it is with sports betting.

So over all, lottery is for the most lucky people or gamblers, and also for the patient, for the impatient gambler will probably play the lottery once, loss and never come back to try again, chances are that, an average gambler may lose the lottery game a hundreds or even more times, before he or she have any chances of ever winning.

[o48o]

-cut-
So over all, lottery is for the most lucky people or gamblers, and also for the patient, for the impatient gambler will probably play the lottery once, loss and never come back to try again, chances are that, an average gambler may lose the lottery game a hundreds or even more times, before he or she have any chances of ever winning.

Lottery isn't a winners game. Amount of people playing it and losing is way higher then people losing in casino games.
Take jackpot, let's say Megamillions for example. Changes to win it are 1 in 302.6 million.

Slots have a bad odds for winning jackpot too but they are way higher. According to investopedia article "one-in-5,000 to one-in-about-34-million chance of winning", and since odds in slots are bad, people turn to other casino games, table or even sports betting. Games that have lower house edge. Those are not bringing huge jackpots so they are not as inviting for players like me for example, as for me this is all about luck and big multipliers. If i would want to have better odds, i would be definitely playing blackjack as that has lowest one, if one just follows some simple rules playing it.

[wallet4bitcoin]

If we are talking about lottery, then what i have to say is that, there is no experience or expertise in choosing a number, there is no skill or professionalism in lottery, we only can have people who have played the lottery for a very long time and due to how unlucky they are, they never have won a dime out of it, meanwhile someone else that just played the lottery for the first may get very lucky and win the jackpot.

This is a clear explainer to the fact that, lottery is purely based on luck, winning the game has nothing to do with one's experience, or how long the person have been playing, or how much one have invested in the game for the long term, the only way to increase ones chances of winning is to buy and hold as many tickets as number, and if the lottery is one that involved numbers, then tickets should be different numbers cause that the only way to increase one's chances of winning the game.

I never believed, at any point in my world, that the word called luck ever existed until I came to the world of lotteries.

Just as you mentioned, there is no need for expertise or experience, neither is there any consideration (considering the amount of times or years you must have been involved in playing lotteries) nor the amount that has been spent playing lottery, if it is not your luck, then it is not, but surely, it must be someone else's luck except nobody meets the criteria of the game.