It's the only viable way to increase your winnings as you are just trying to maximize your money at that point.
Quote: duckmankillaPut it this way. You have just lost 99% of your chips and are down to something like 100 chips with blinds of 2k/4k. You are in the money already and you can move up if you simply survive. 2 players move all-in in front of you and you have pocket aces. The difference between 300 and 100 chips is insignificant as you are going to need a ton of double ups to even be considered in contention, so in this scenario there is no reason to risk losing your last 100 chips and the correct play is to fold and simply hope that the shorter stack of the two all-in players loses the pot.
It's the only viable way to increase your winnings as you are just trying to maximize your money at that point.
I created a separate thread so we don't get off topic on this one:
Would you fold pocket aces?[\link]
If you spend $3 on a ticket and lets say you dont win a dime, will losing that $3 'change your life'? Of course not, not even a dent in your wallet.
If you were to WIN the grand prize.....would 70-250 million 'change your LIFESTYLE'? Yes is the common answer.
Of course the fellas that ENJOY arguing, will say NOPE, it wouldn't change a thing (lol).
Point being, risk vs. reward !!!!
Go ahead, bash it....blah blah blah. I'm a big believer in this post.
Hey, I throw a few bucks at it (dont ask), who knows. It sure would be a nice hit though!!!
Ken
When I was in college, NY State came out with Lotto. College kids blew 20-50 bucks a draw. I would spend $12 when the JP got to $25 M. There were 6 sets of balls used lables A to F and each draw rotated the set. There was a gaming rag for a buck I would buy that illustrated hot and not for each set. I played the hot 12 numbers, and was profitable in the 3 years of college play. I would say not all things are as equal as you might think. 35 years later, there is technology and improvements in manufacture to eliminate the need of rotating sets.
BTW I hit several 4+ bonus for $300+ and quite a few 4 only or 50-70. Definately worth it then. The GF and I shopped in NYC more than a few times... I can still smell the Argentinian beef.
In general, today, pick your favorite numbers and include some over 31 (way too many people play calendar numbers). I like primes.
As you can imagine, I don't really play much lottery anymore. Occasionally, I buy a single lottery ticket if there's a big enough jackpot (it doesn't have to be +EV, just enough that if I'm in a store, I might spend a dollar. So like 600,000 on my states Pick 5, 10 million on pick 6 and 300 million for MM)
But that got me thinking, if somebody was going to play the lottery, only at a positive EV (when the Jackpot is high enough) it may be beneficial to pick their own numbers. For two reasons...
1) You could pick numbers that you think other people are LESS likely to play, to reduce the chance that IF you win, you'd have to share it
2) You could potentially make certain patterns that reduce variance, by making lower prizes more likely. This is entirely possible, but far too costly for the average player. "Abbreviated wheels" make lower prizes more likely. I'd imagine most of these make it impossible to win more than one second or third prize, but you'd be able to customize them to a pretty good degree.
---- As a side note, most of the variance comes from the Jackpot, so this effect would probably be pretty small.
Quote: YoDiceRoll11So my local news ran a video of this guy in FL who had won the lottery seven times. He describes as having a method.
What do you guys think? Can anyone with some math confirm that using your own numbers and using a random quick gives you the same exact chances?
His name is Richard Lustig and think he's charming. He's about my height (4' 0") and has a nicely trimmed beard. His book is No. 1 on the Amazon lottery best seller list despite being $30, which is about $1 a page. The book is a gyp and there are a lot of reviews saying so. He has appeared a lot of TV shows such as Good Morning America. There is another book on Amazon for only $3.95 that debunks him and a lot of the others. It seems that two of his winnings were on scratch-off tickets and three were in Florida Fantasy 5, which everybody wins sooner or later. He thinks he has a system because he has been lucky. That could happen to anyone. I would love to meet him!
Quote: CrystalMathIf he said "you can't increase your chances by buying a random lottery ticket," then he is right. If he said "using your own numbers makes your chances higher," then he is wrong.
If I ever played the lottery, I would use a quick pick to lower my chances of matching another winning ticket. Although my chances of winning wouldn't be higher, the probability of a larger prize would increase. The problem with picking your own numbers is that many people pick birthdays or patterns on the ticket. For instance, if you picked 1, 2, 3, 4, 5 with a power ball of 1, and you won, you would probably split that prize with 25 people.
I agree with you about this. Although, rather than using a Quick Pick to get the numbers, (and still possibly getting low numbers) would it not be better to deliberately pick high numbers in no particular pattern?
There is a book that gives details of his winnings and offers a probabilistic explanation of his results. It is available in paperback here and also is available in two editions in Kindle format from Amazon. It reveals that only four of his winnings actually were lotteries and that three of these were in Florida Fantasy Five. This lottery holds the record for consistent multiple winners and is the only reported lottery in which a sequence has been drawn. It was 14-15-16-17-18.
The only piece of his advice I would recommend is not to use quick picks, since there have been instances of ticket machines issuing duplicate quick pick numbers. His basic strategy is to choose a set of numbers that has not won before and if you win, to use the same set consistently thereafter. He is a lottery addict and I suspect that either he already has or soon will exhaust his winnings on ticket purchases and that thenceforth his buying will be funded by the profits from his book. Its excellent sales despite the bad reviews are a marketing phenomenon.
Quote: jigglesHe thinks he has a system because he has been lucky.
Well, he has proved there is one betting system that even the Wizard can agree can work:
I also like up to 3 prime numbers in my number combinations.
Ya if you play in your head you can only lose your mind:-)Quote: IbeatyouracesI just play all of the possible combos and win every prize, every time. Of course I only do this in my head though :-)
Quote: rdw4potusI've heard this too. Might be true. But it's also by far the most likely outcome. Powerball is a 25 year old game that draws 2 times per week. 25*52*2=2600 drawings in the history of Powerball. The odds of winning the powerball are 1:175,000,000. It would be an incredible long shot to have two out of 2,600 Powerball drawings have the same winning numbers.
This is actually an interesting version of the generailzed birthday problem:
http://en.wikipedia.org/wiki/Birthday_problem
Using an available online calculator
http://lazycackle.com/Probability_of_repeated_event_online_calculator__birthday_problem_.html
and the numbers given above (m=2600 and n=175000000), I get: 1.9% chance of at least one duplication. Interestingly this is definetly not 0. It also is not near something we would call likely.
Further using that calculator, the fact I'm 29, US actuarial tables, and trends in lifespan there seems to be a decent chance there will be a double up in my life.
Quote: terrymcWell some winners say they dreamed the winning numbers or a deceased relative on the other side revealed the winning numbers to them.
If I have a "near death" experience that's one of things I'm going to ask. That, and a cure for cancer, and a way for humans to travel interstellar space and stay alive, and anything else I think useful.
In TN the lottery has been going on since 2004.
I Never played it because I didn't feel I had a chance of winning.
Last year I had a dream.
I had gone to the grocery store I work at and checked my ticket under the kiosk ticket checker.
When I had this dream I never before saw this device in any establishment.
In TN this device didn't exist yet,you had to give it to the cashier to check it on the main terminal.
When I checked the ticket(in my dream) the small screen said"file a claim at lottery headquarters".
Since this dream I started playing late last year,for not much money per week.
I mean I have lost way more in casinos than at the lottery.
In my past dreams I have seen very specific things in them that happened to come true in the future(for the small number of dreams I remember),still though it was a significant amount of innovations or revelations.
Interesting? I don't know. I guess we will have to see how it plays out.
Been fun posting again,I hope everyone wins big and is doing well.
KB1
I have read that there may be more than you would think ... I have found two examples and remember these various hits would be with old and new matrix changes ... more numbers, less numbers.
As far as I can find searching around ... there has only been one complete repeat with all five numbers and the PBall ...
12/27/2000 -- 15 · 22 · 24 · 32 · 39 +18
04/03/1993 -- 15 · 22 · 24 · 32 · 39 +18
and then this set of numbers repeated but not with the PBall ...
01/09/2008 -- 2-13-20-21-23 PB 24
02/08/2003 -- 2-13-20-21-23 PB 35
Of course there could be more ... I just found these searching around on Google.
... in PA just last November ... this set of numbers repeated in less than a week ... but there are only 30 numbers in the Treasure Hunt game so that might be expected over time but in less than a week makes it interesting.
Treasure Hunt Results
Sun, Nov 30, 2014 -- 02-05-08-11-12
Mon, Nov 24, 2014 -- 02-05-08-11-12
...
Quote: CristinaThere are many good strategies that really work. I used one of them and won 2560 dollars. I usually play Australian Powerball. Look here http://australian-lotto-results.com/powerball
But how much did you lose? I won $2 playing a scratchoff once, but i spent $5.
We do not sell anything to no one at all!
Facebook----PowerBallKings or PowerBall King
So, you spam your bullspit to forums like this, engage the attention of lots of people, gather identities of fools, get them to try your mumbo jumbo and then send you some money if they win.Quote: PowerBallKing...This is not a group pool as its a individual pool between you and us only when you win....
We do not sell anything to no one at all!
Quote: AcesAndEightsA bit off-topic, but I wonder if this guy's story has been discussed on these boards before? I just joined a couple of months ago, but this story is about a year old.
Cracking the Scratch Lottery Code
Short version: a statistician figured out a way to determine whether a certain kind of match-the-tic-tac-toe scratch-off lottery ticket was a winner by looking at the patterns on the visible tic-tac-toe boards.
I’ve thought about this quite a bit.
There are bingo scratch off games that have visible free spots placed in random positions in the board before scratching.
It would follow that a free space on a corner or in an X pattern would have a higher value than a free spot on a single line.
You would have to find a store or employee that let you look through cards on the roll before purchasing. Also I doubt it would be positive EV in any case.
Hey yo, newbie's here ;D
don't know why the forum doesn't allow members to completely delete their own wrongly submitted posts as other forums do
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