The probability is unimaginable!

[Sandra_hakeem]

Personally, I'd say it takes atleast 1 of 40/50 tries to secure a huge win on casino games! Could be more, could be less...(it all depends on the game in question, and what your favourite betting options are) On the other hand, it may take 1 of 100,000^th tries to get lucky that a jackpot hits your ticket... It could take even longer tries and nothing of such comes...
I've registered atleast 500,000 tickets(including coupon tickets and virtual games) and more for the whole, lengthy period of my working experience; The thing is, I've never been awarded a jackpot on my customer's ticket so, I was left with no choice than to imagine the proportion of distribution of jackpots across several users and how lucky one might really need to be... Not until it fell on another cashier's account and the winner wasn't even surprised! Fifteen hundred dollars and he acted very cold!
He acted as though he's lost way too much to win $1,500 luckily. Meanwhile, I was more concerned about the probability, the odds of it happening atleast ONCE!
*What do y'all think of his reaction?
* According to your own prejudice, what's the probability that a jackpot hits a ticket?

Edit: I think I'd have to lock this topic after 40 replies.

[seoincorporation]

Personally, I'd say it takes atleast 1 of 40/50 tries to secure a huge win on casino games! Could be more, could be less...(it all depends on the game in question, and what your favourite betting options are) On the other hand, it may take 1 of 100,000^th tries to get lucky that a jackpot hits your ticket... It could take even longer tries and nothing of such comes...
I've registered atleast 500,000 tickets(including coupon tickets and virtual games) and more for the whole, lengthy period of my working experience; The thing is, I've never been awarded a jackpot on my customer's ticket so, I was left with no choice than to imagine the proportion of distribution of jackpots across several users and how lucky one might really need to be... Not until it fell on another cashier's account and the winner wasn't even surprised! Fifteen hundred dollars and he acted very cold!
He acted as though he's lost way too much to win $1,500 luckily. Meanwhile, I was more concerned about the probability, the odds of it happening atleast ONCE!
*What do y'all think of his reaction?
* According to your own prejudice, what's the probability that a jackpot hits a ticket?

You can calculate that, for example if the lotery has 64 numbers and the user need to choose 6 of them, then you do the math:

64x63x62x61x60x59...

that way the chance to hit that jackpot is 1/53981544960 or 0.000000000018% chance.

I remember when i decided to hit an x300,000 on Dice, it took me close to 500,000 bets, so, luck is a fact when we are talking about big multipliers, but with the right balance and lots of bets you can always chase them by brute-force.

[SamReomo]

* According to your own prejudice, what's the probability that a jackpot hits a ticket?

Those who are extremely lucky can get jackpots even with a few tickets while the ones who aren't lucky may have to try their luck by purchasing 100's of thousands of tickets and still they may not hit any jackpot.

It's game of luck not of probability, and I'm pretty sure that most of us are aware of that. Luck is the main factor to decide that whether someone will hit a jackpot or not and that's why we can't really calculate anything accurately when it comes to luck.

[danherbias07]

That means he is counting. He knows how much he has lost and that is why he ain't that happy anymore even if he hits a big multiplier.

The same goes for other gamblers who have been losing up until now and have not received any max multiplier yet or a jackpot. I had received twice a good amount of multiplier for playing so long although I am not a daily gambler which is why it made me so happy. I mean, I am not counting how much I lost too and that is why the joy of receiving it is different.
That's also because I am not playing just one game. The money I lost is scattered in casino games and sports betting and I am lazy to count all that.

[Wapfika]

* According to your own prejudice, what's the probability that a jackpot hits a ticket?

You should be more specific on what kind of game we are talking about here to determine the number of combinations to hit the jackpot. That is the only way to determine the probability of winning the jackpot.

Is this lottery or just a raffle. You are mentioning 500K tickets so I’m assuming it’s a raffle therefore it’s highly depends on the total ticket. However even the smallest amount of tickets has a chance to beat huge number of tickets therefore it’s really very hard to determine unless otherwise total tickets is known.

[Sandra_hakeem]

You should be more specific on what kind of game we are talking about here to determine the number of combinations to hit the jackpot. That is the only way to determine the probability of winning the jackpot.

Could you atleast be more careful when reading so you could understand what to respond? How did you get past the very first line of my post? I made it explicit that it could be an estimate on your own variety of game.

Is this lottery or just a raffle. You are mentioning 500K tickets so I’m assuming it’s a raffle therefore it’s highly depends on the total ticket. However even the smallest amount of tickets has a chance to beat huge number of tickets therefore it’s really very hard to determine unless otherwise total tickets is known.

It wasn't on raffle.. we weren't dealing on slots, barracat, crash etc like other big casino houses do. It was strictly about the highly embraced virtual sport games. We did. Dog racing, colour grouping and the rest but, the former generated much more sales than anything. I couldn't decipher the part on bold either.

[ChiBitCTy]

I have said this here before, but the truth is, at least here in the United States, $1,500 lotto ticket is not a very sizable win. For those that consistently play basic lotto games, or scratch off tickets, it's more of an addiction than anything for many.  I also (sadly) see that the majority of those who are consistently playing are of a lower wealth class.  They are just too dumb to know better is the brutal/mean worded truth.  I always want to shake them and say "hey, you'd be better off putting that dollar on some shitcoin or penny stock with a chance to pump"...but they'd have no clue what that even means.  The rich stay rich, the poor stay poor, most of the time.

[lovesmayfamilis]

I often see stories of victories from people who are not fans of gambling but are just random people. This always looks rather strange to me. The expression “beginners are lucky” often has a valid basis. But as for me, my approach to gambling is very cautious; I do not have a strong belief that I can win, and probably my power of thought works that way; there is always doubt. Those people who win and accept winning as a self-evident thing have within themselves a good core of confidence in victory. Everything else that concerns calculations and other fortune-telling for me does not have a strong faith.

[Sandra_hakeem]

I remember when i decided to hit an x300,000 on Dice, it took me close to 500,000 bets, so, luck is a fact when we are talking about big multipliers, but with the right balance and lots of bets you can always chase them by brute-force.

Ehnn, I must say that's also a very terrible way to go about the jackpot out of desperation ... I'm not saying that was the case in your story but, I'm just trying to wrap my head around something different.. I wouldn't wager just to see if i get lucky; personally, i feel it's  better that it happens in default. Good point though!

They are just too dumb to know better is the brutal/mean worded truth.  I always want to shake them and say "hey, you'd be better off putting that dollar on some shitcoin or penny stock with a chance to pump"...but they'd have no clue what that even means.  The rich stay rich, the poor stay poor, most of the time.

Most of 'em broke-ass gamblers be feeling so comfy with lotto or coupon games... The reality is that they're doing just fine without having high hopes and too much adrenaline released in them... HODLing some shitcoin would be like trying to understand 'metallurgy" in advanced physics when they've barely got an idea of what basic maths is .... Lol

[iv4n]

*What do y'all think of his reaction?
* According to your own prejudice, what's the probability that a jackpot hits a ticket?

We don't know the guy and his gambling habits... maybe $1500 is not much for him, or maybe he aimed for much higher winnings. If I don't know someone, I can't know what's in his head. In the end, it may just be his "poker face".

Different jackpots can have different odds. It's not about our own prejudice, it's about math:

The odds in any lottery are about one in 300 million. That’s about 1 in 292.2 million for Powerball and 1 in 302.6 million for Mega Millions.
What’s more likely? Many, many things, including getting hit by lightning.

If we do not pay the ticket and don't participate, we have no chance of winning anything. If we decide to participate and spend some money, we should know that our chances of winning are usually far below 1%. The probability is unimaginable, but that jackpot will land on some ticket one day... and then we will be able to say that the owner of the ticket was extremely lucky.

[crwth]

I think it really depends on how much you are lucky at the certain point, but you cannot really pinpoint where and when and probably how much it would have bet in order to reach that point.

I am now curious to what other factors are affecting this. I think this is being affected by psychological stuff as well where you talk with gamblers fallacy.

[alani123]

Jackpots are a weird thing. I've seen many sites had them and also many lotteries have someone hit a jackpot every so often.
But has any lottery bothered to use technological advances to make everyone be able to verify their results?

The most "fair" lottery draw I can see is where they use automated machines supposedly on live television. But I could see several ways this can be rigged too, for example when the camera cuts etc. Others say the draw happens with a live audience so there's witnesses etc. Maybe in these cases the placement of the balls and the settings of the machine could affect outcomes. Ok I get that such way might seem more fair to people that can't understand technology.

But someone really ought to make the leap and make a provably fair lottery. The tech is already here. We could have undeniable and open verification through cryptography. Maybe it's already out there, maybe someone tried it and failed. To my understanding Primedice used to run a lottery through it's provably fair rolls for a long time but stopped recently. Who's going to fill the void of a lottery in the crypto casino world now?

[Kelward]

I think that it's best that gamblers should buy their tickets without worrying about whether they'll hit the jackpot. Calculating how much you have spent on purchasing tickets is also not important because the probability of winning the jackpot is less than 0%. Just go with the flow and if you win, be happy about it because if you didn't there's nothing that you could do about it. It doesn't help to calculate and compare your win with what you've lost, that is chasing loses mentality and is a road to gambling addiction.

[bitbollo]

you must always take into account the statistics related to the world of gambling.
it could even take billions of plays before obtaining a certain result. There is nothing guaranteed based on the number of plays. It is useless to hope for this, you will only get disappointment.
But it is also part of the gambling itself. if a certain outcome was guaranteed with a certain level of trust, it would practically be safe to achieve a victory or not, hence gambling will be something useless since outcomes will be clearly defined

[Oshosondy]

What do you consider as hitting a jackpot? If it is 10x or more odds, know that the more the odd that you want to win, the hard it would be to win. It is possible that you can go for 100 rounds of games and you will be winning just little amount and also losing. Winning a jackpot would just be a lucky day for you that you might not even expect that you are going to win so huge until you have won it. What people should think about more is that the money used for gambling will likely be lost than winning a jackpot.

[ethereumhunter]

If that games is based on the luck, you will not wins easily in gambling because even if you can calculates and gets the right numbers of the ticket that you can buy, you will still not easy to wins. Rather than to buy many tickets which means you spends much money, it's better you buy the ticket with the money you can afford to lose because that will helps you to prevents the losses.

If you have many tickets that you thinks you can wins, that will not gives the win since luck will only comes to the right people. You can see that some people who doesn't have many tickets can wins the jackpot. That's because they have their luck works in the right time. You can know the probability but you will not knows when you can wins so you must be careful to spends your money.

[Solosanz]

If you play lottery, it's better to avoid calculating the probability since it's not make sense. Even you have bought almost all the tickets, there's still a chance you would lose.

But, if you gamble on sports where you can analysis the teams, play poker or blackjack where you could predict the next possible card combination, you can use probability to know how high the chance you can win or lose.

and then we will be able to say that the owner of the ticket was extremely lucky.

Yep, especially if the winner is our friends, most likely his friends will jealous to him.

[kotajikikox]

That means he is counting. He knows how much he has lost and that is why he ain't that happy anymore even if he hits a big multiplier.

we don’t know whether this was his first time or not i mean if he has been purchasing tickets and failing he must have hoped that at some point he’ll finally win it and should have been happier when he finally did because if he knows how much he has lost then why continue?

is 1,500 usd the jackpot price? perhaps he’s disappointed that it is kinda low lol i mean it is a huge amount especially if gotten for free but i wouldn’t be exactly jumping on skies just yet if i win this much no matter how much i have spent on tickets

maybe the man is just really peculiar, who knows?

[swogerino]

Personally, I'd say it takes atleast 1 of 40/50 tries to secure a huge win on casino games! Could be more, could be less...(it all depends on the game in question, and what your favourite betting options are) On the other hand, it may take 1 of 100,000^th tries to get lucky that a jackpot hits your ticket... It could take even longer tries and nothing of such comes...
I've registered atleast 500,000 tickets(including coupon tickets and virtual games) and more for the whole, lengthy period of my working experience; The thing is, I've never been awarded a jackpot on my customer's ticket so, I was left with no choice than to imagine the proportion of distribution of jackpots across several users and how lucky one might really need to be... Not until it fell on another cashier's account and the winner wasn't even surprised! Fifteen hundred dollars and he acted very cold!
He acted as though he's lost way too much to win $1,500 luckily. Meanwhile, I was more concerned about the probability, the odds of it happening atleast ONCE!
*What do y'all think of his reaction?
* According to your own prejudice, what's the probability that a jackpot hits a ticket?

Edit: I think I'd have to lock this topic after 40 replies.

I have an easy answer for this based on personal experience playing slot machines and using only buy bonus as a mechanism of playing.I had tried more than 300 times and not only 40-50 and the result catastrophic with 0 huge wins,well most people will tell you that 300 buy ins is low but if 300 is low then 40 is extremely low.Therefore to get lucky and hit a big win you need thousand and thousand of buy ins of the feature game to hit a big one.If you are going this route at least try Hacksaw Gaming,they can give you the max win more often than other providers when buying the bonus.

[Questat]

I think that it's best that gamblers should buy their tickets without worrying about whether they'll hit the jackpot. Calculating how much you have spent on purchasing tickets is also not important because the probability of winning the jackpot is less than 0%. Just go with the flow and if you win, be happy about it because if you didn't there's nothing that you could do about it. It doesn't help to calculate and compare your win with what you've lost, that is chasing loses mentality and is a road to gambling addiction.

Better not calculate as that will only kill the fun. This type of game gives us a very slim chance of winning. When the word "jackpot" is present, it's likely a game with a low bet and high reward, just like a lottery that's hard to win even if we are constantly betting. Actually, it's not hard to compute the probability as you can always search it online for free. But the question is, what if you know the real probability and you know your chance? Will you still continue to gamble?