Questions involving gaming games based on drawn numbers: Divisions, Systems and Dividends. Consider also using (combinatorics), (probability) or (betting) where appropriate.
Questions tagged [lotteries]
174 questions
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Better play 100 tickets in one lottery draw or 100 plays/draws with 1 ticket?
I heard many people say that it is better to play 100 tickets in one draw of 5/49 lottery, rather than 100 plays/draws with 1 ticket.
Is there any scientific basis for this, or actually there is no difference?
triplodrindl
- 79
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What probability distribution is best to describe lotteries?
What kind of probability distribution is best suited to describe lotteries?
Wikipedia provides extensive list of probability distributions (another list of them - see at bottom). But reading articles concerning applicability of each of those…
triplodrindl
- 79
0
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How to formulate the Expected Value of LOTTO 6/49 with its Gold Ball Draw?
Can we do better than the official cop-out that the “Odds of Winning” are “Variable*”? As some variables (like number of players) are unknown, we can’t calculate a number. But can we deduce a formula?
*Your odds of winning the Gold Ball Draw are…
user1124753
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1 answer
Odds of lottery if more than 1 grand prize
There are 60,000,000 possible combinations for a lottery, and there are 3 combinations that will win the "Grand Prize".
So the odds of winning the grand prize is 3/60,000,000 = 1 in 20,000,000.
How would I calculate the odds to win at least 1 of…
Frankie139
- 41
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Lottery - better try to hit numbers-group that appears often, than hope for a "one-in-thousand-years" combination?
Please correct my reasoning:
There is a 5 out of 36 lottery (5 unique numbers out of pool of 36 numbers ranging [1,2,…,36]).
Strategy 1: just play any random combination. Like 12345, or better 11111. Chances of such combination to appear are so low…
caasdads
- 413
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0 answers
Play 100 tickets in one lottery draw or 100 plays/draws with 1 ticket - same chances to win?
5/49 lottery is when 5 different numbers are selected (without replacement) out of 49 possible numbers in range 1..49.
Total number of possible combinations is C(49, 5).
(1) If I make a stake once (on 5 numbers) - my chances are 1 / C(49, 5) - is…
triplodrindl
- 79
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Long term lottery probability with multiple-number tip
There is a lottery where is drawn six numbers out of 49 with two draws per day.
In this lottery is possible to select in one ticket more than six numbers - i.e. when you select 8 numbers then your tip contains all possible six-number combinations…
-1
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How to compare lotteries, when one has higher probability of winning the jackpot, but another higher Expected Value?
Table beneath shows that Pr(Keno's jackpot) > Pr(Grand's jackpot) > Pr(Lotto 6/49's jackpot). $\color{magenta}{\text{This Probability inequality tips you to buy Keno!}}$
But the Expected Value of 1
6/49 play $= \dfrac{$5E6}{13,983,816} - \$3 = …
user1124753