Network Logo
Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese
  Number Times Read : 1      
Categories

Business and Finance
Culture and Society
Home and Relationships
Home Management
Internet and Technology
Personal Development
Recreation and Leisure
This and That
 
Stats
Total Articles: 57596
Total Authors: 5950
Total Downloads: 74149


Newest Member
Daniel P
 


   

Play the Lottery Less Often to Win More



[Valid RSS feed]  Category Rss Feed - http://www.StuffWorthKnowing.com/rss.php?rss=657
By : Allen Wright    zero times read
Submitted 2008-08-27 20:53:29
There's a lot of lottery system scams out there, if you buy them, will do nothing but decrease the amount of money you have to buy lottery tickets. There are also some simple, mathematically sound ways that you can increase your chances of winning the lottery. They cost you nothing outside of buying more lottery tickets, and thus, I would argue, increase your odds of winning the lottery exponentially over the waste-of-money systems that are out there. Remember, unless the system is based on sound mathematical principles it's garbage. And I haven't found one yet that is.

One thing that isn't discussed very often is the fact that in games of true random chance like the lottery, past results do not affect future results. Even though many hard core gamblers believe in the gambler's fallacy, it's just not mathematically sound. The gambler's fallacy, also known as the Monte Carlo Fallacy, is the belief that a series of deviations from an expected behavior in a system of chance increases the odds that the system will return to mathematical normalcy, or expected behavior. Applied to roulette, if the ball comes up red 10 times in a row, there's greater chance that it will come up on black in subsequent spins so that the system will return to equilibrium (that being close to 50% red and black results).

The truth of the matter is that this is not mathematically true in closed systems. The odds of an infinite number of results will approach the mathematically predicted probabilities of results, but any subset of that amount can hold many different statistical aberrations.

So now that we understand that previous results have no impact on future iterations, we need to look at increasing our odds of picking the winning numbers in any single drawing. Unfortunately, the best way to do this goes against mainstream human psychology and isn't as much fun as traditional lottery playing.

The system is this: buy more lottery tickets for less drawings. By that I mean if you spend $10 a week on lottery tickets for weekly drawing games, save your money and buy $40 worth of tickets for one drawing a month. In the Michigan Mega Million game you'll go from a 1 in 17.6 million chance of winning at $10 worth of tickets to a 1 in 4.4 million chance of winning with $40 worth of tickets. It's counter-intuitive, but playing the lottery more doesn't increase your odds of winning. Every time you play you go back to square one, mathematically speaking. So play less with more tickets, and increase your odds, but maybe not your fun!
Author Resource:- Allen is a math enthusiast who loves statistics and the lottery. He enjoys playing the Michigan Lottery and helping others with wining the Michigan Lottery.
Article From Stuff Worth Knowing!

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 
Sponsors

Purchase this software

 

From Family Stew



The Free Ride In Public Schools
27 Nov 2008 at 11:28am
Why should public-school students bother doing homework or studying hard if they advance to the next grade no matter how bad they do in class? That would be dumb, and these kids are not dumb.
Punishing the Victim -- Why Public Schools Pressure Parents To Give Their Kid...
27 Nov 2008 at 11:28am
It is normal for bright, energetic kids to be bored in public school. To solve the problem of "unruly" children, public schools now pressure parents to give their kids potentially dangerous mind-altering drugs.
The Graceful Art of Defrazzling - For Mothers
27 Nov 2008 at 11:28am
An introduction to a "defrazzled" method of surviving life as a mother

From Expanding Links



What Can You Do To Beat Your Competition?
26 Nov 2008 at 3:57pm
Your competition is more established than your website is. How do you get ahead of them?
Methods of Website Promotion
26 Nov 2008 at 3:57pm
Some thoughts and experiences related to website promotion and methods for gaining added exposure...
How to Get Directories to Submit Your Site - With this 5 Steps Guide!
26 Nov 2008 at 3:57pm
Simple 5 steps guide to get all those directories for your site submission campaign.



If you are interested in learning about and discussing social services and social services agency management, please visit SocialServicesAgencyManagement.com where you will also learn about the new ecological model of excellence.

A Service Of: (©) Leadership Village - all rights reserved