Online Lottery – Facts and Figures

22 Nov by Worldhide

Online Lottery – Facts and Figures

Mathematicians and statisticians are adamant that previous lottery numbers drawn have no bearing whatsoever on future lottery results. Nevertheless there are numerous sites on the web that provide systems for predicting lottery numbers.

This leads to some curious assertions. Some sites say that numbers that have appeared frequently in the past are somehow “lucky” or “hot” numbers and will therefore come up more frequently in the future. Other sites come to exactly the opposite conclusion. They say that numbers that have come up frequently in the past have somehow “had their turn” and the less frequent numbers have a better chance in the future.

They cannot both be right. The truth is that they are both wrong, say the statisticians. What is your experience? Have you tried such systems? It is very likely that you have not benefited in the slightest.

I adopt a different approach. I choose numbers and strategies that increase the SIZE of prizes I am likely to win if I do win. I do not say that I am more likely to win than anyone else; that is purely down to luck. I play in areas where my winnings are likely to be higher. Put it another way, if you had a choice between two lottery tickets both costing $1 that both had exactly the same chance of winning but the prize if one won was $1 million and the other was $10 million, which ticket would you buy? This is what is popularly known as a “no-brainer” but millions of people are getting it wrong every week.

Most people understand that lottery numbers come up in a totally random fashion. Many attempts have been made to predict lottery results, mostly by studying and analysing previous results. Mathematical and statistical theory states without doubt that such prediction systems are doomed to failure. It is just not possible to predict lottery numbers. However there are good and bad ways to play certain lotteries. mega88

Nobody doubts that there are good poker players and bad poker players. Equally there are good blackjack players and bad blackjack players. To play these games well, to win money or not lose too much, it is necessary for the player to put some effort into learning how to play.

The same applies to the lottery, although admittedly not to the same extent. Some lotteries are purely chance and no strategy can improve your chances. However some lotteries with pari-mutuel prize funds and rollovers give knowledgeable players the edge over players who do not have this knowledge. Without the knowledge, the majority of players are selecting numbers that will inevitably pay out smaller prizes. Rollovers obviously increase prizes. This knowledge can be used to develop a logical strategy.

It is mind-blowing how many people are making a mess of playing the lottery week after week. The errors are many and various.

The biggest rip-offs are those games that pay small prizes such as Pick 3 and scratch cards. It is public knowledge that only about 50% of the money wagered is returned to the players. If you play regularly, for every $1000 you spend you will get back only $500. These odds are much worse than the pari-mutuel at the racetrack or games at your casino. The only possible good reason for playing is that you like to give 50% of your money to good causes. Unfortunately 20% of your money goes in administration costs.Can anyone give me a good reason for playing these games?

Leave a Reply

Your email address will not be published.