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Imagine for this poll this is the 6/49 game and you have $1000 dollars would you rather have:

1 ticket for 1000 drawings

[ 6 ]

[ 18.2% ]

10 tickets for 100 drawings

[ 10 ]

[ 30.3% ]

100 tickets for 10 drawings

[ 11 ]

[ 33.3% ]

1000 tickets for 1 drawing

[ 6 ]

[ 18.2% ]

Total valid votes

[ 33 ]

Discarded votes

[ 2 ]

nydeal

NY
United States
Member #3,148
December 28, 2003
37 Posts
Offline

Jun 7, 2008, 3:28 pm

I was wondering if it is more advantagous to bet a little each week or wait and bet a larger sum every once in a while...what do most players prefer?

(for the sake of this poll, lets pretend the drawing jackpot is 10 million each week, an average size pot.)

thanks
Stew12

CT
United States
Member #61,396
May 21, 2008
781 Posts
Offline

Jun 7, 2008, 3:44 pm

Well 1 ticket is about 1 in 14,000,000 odds, and 1000 tickets is 1000/14,000,000 or 1/14,000. I still wouldn't spend $1000 on one drawing with 1/14,000 odds.

It only takes 1! That's my vote.
sweetbitterkiss

Michigan
United States
Member #59,497
March 17, 2008
54 Posts
Offline

Jun 7, 2008, 3:55 pm

i will not used the money all at once all it takes is one ticket to win but if you lose you still have more money to keep trying the if you used it all then what? unless you have more money but in my case i will make sure that money will last me a long time

one day my life will be complete ^_^
ThatScaryChick

Idaho
United States
Member #56,504
November 21, 2007
8,002 Posts
Offline

Jun 7, 2008, 3:57 pm

Good poll! For me it would be a choice between 1 ticket for 1000 drawings or 10 tickets for 100 drawings. I usually like to play 2 or 3 lines, but I would never buy a bunch of tickets at once. I would draw out the money as long as I could.

"X - youtube - steam - instagram"

ThatScaryChick
DC81

MI
United States
Member #54,828
August 31, 2007
985 Posts
Offline

Jun 7, 2008, 4:18 pm

Quote: Originally posted by Stew12 on Jun 7, 2008
Well 1 ticket is about 1 in 14,000,000 odds, and 1000 tickets is 1000/14,000,000 or 1/14,000. I still wouldn't spend $1000 on one drawing with 1/14,000 odds.

It only takes 1! That's my vote.

Unfortunately I don't think the odds work that way, you'd just haveeither still a 1 in 14,000,000 chance for each play or maybe a 1,000 in14,000,000 chance to win but it doesn't allow it to be treated like aregular fraction in reducing it to the lowest common denominator, whatyou've only done is potentially taken 1,000 combinations out of14,000,000, there's still 13,999,000 combinations left.

Saying that, it would depend, could this money only be used for thelottery? Because I could think of better things to do with $1,000 butif it is "lottery only" I think I might build to $100 for a comingdrawing if it rolled to a huge jackpot or I could always just go nutsand blow it all at once... That'd be a lot of tickets to check.

But it certainly does only take one!

You can't predict random.
Guru101

Indiana
United States
Member #48,723
January 7, 2007
1,961 Posts
Offline

Jun 7, 2008, 4:40 pm

Quote: Originally posted by DC81 on Jun 7, 2008
Unfortunately I don't think the odds work that way, you'd just haveeither still a 1 in 14,000,000 chance for each play or maybe a 1,000 in14,000,000 chance to win but it doesn't allow it to be treated like aregular fraction in reducing it to the lowest common denominator, whatyou've only done is potentially taken 1,000 combinations out of14,000,000, there's still 13,999,000 combinations left.

Saying that, it would depend, could this money only be used for thelottery? Because I could think of better things to do with $1,000 butif it is "lottery only" I think I might build to $100 for a comingdrawing if it rolled to a huge jackpot or I could always just go nutsand blow it all at once... That'd be a lot of tickets to check.

But it certainly does only take one!

If the odds of winning the jackpot are 1 in 14,000,000 and you buy 1,000 tickets(combinations) for a single drawing, then your odds of winning ARE INDEED 1 in 14,000. We've had this debate on LP before. It's math. It's fractions.

Gonna win.
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Jun 7, 2008, 4:49 pm

I calculated the amount I could expect to win if I played 1000 lines 4 different ways playing the Ohio Classic Lotto which is a 6/49 game. For my calculations I used the winning numbers from the 10-200 previous drawings because those numbers are probably as random as any I would pick.

200 lines 5 times TOTAL MATCHES

MATCH 0 = 429
MATCH 1 = 394
MATCH 2 = 154
MATCH 3 = 23 $ 46
MATCH 4 = 0
MATCH 5 = 0
MATCH 6 = 0 0 JP

TOTAL PRIZES = $ 46 + 0 JACKPOTS
checked 5 records with 200 previous records = 1000

100 lines 10 times TOTAL MATCHES

MATCH 0 = 440
MATCH 1 = 382
MATCH 2 = 165
MATCH 3 = 13 $ 26
MATCH 4 = 0
MATCH 5 = 0
MATCH 6 = 0 0 JP

TOTAL PRIZES = $ 26 + 0 JACKPOTS
checked 10 records with 100 previous records = 1000

50 lines 20 times TOTAL MATCHES

MATCH 0 = 444
MATCH 1 = 402
MATCH 2 = 141
MATCH 3 = 13 $ 26
MATCH 4 = 0
MATCH 5 = 0
MATCH 6 = 0 0 JP

TOTAL PRIZES = $ 26 + 0 JACKPOTS
checked 20 records with 50 previous records = 1000

10 lines 100 times TOTAL MATCHES

MATCH 0 = 441
MATCH 1 = 388
MATCH 2 = 152
MATCH 3 = 18 $ 36
MATCH 4 = 1 $ 70
MATCH 5 = 0
MATCH 6 = 0 0 JP

TOTAL PRIZES = $ 106 + 0 JACKPOTS
checked 100 records with 10 previous records = 1000

It appears I would be better off playing a few lines at a time, I would win more and play longer even thought I probably wouldn't win a jackpot or a 2nd place prize. Winning a jackpot or 2nd prize is hard regardless and 1000 chances wouldn't get me much of an edge regardless of how I play them.

*Ohio Classic Lotto has only had 215 drawings so far.

MATCH ODDS /49 numbers WINNING COMBOS
6/6 1 : 13983816 1
5/6 1 : 54201 258
4/6 1 : 1032 13545
3/6 1 : 57 246820
____________________________________________________
overall odds are 1 : 53.6 of winning something, likely a match3

* you don't need to buy every combination, just the winning ones *
nydeal

NY
United States
Member #3,148
December 28, 2003
37 Posts
Offline

Jun 7, 2008, 5:26 pm

Thanks for your analysis RJOh....i like your thinking on this
time*treat

United States
Member #13,130
March 30, 2005
2,171 Posts
Offline

Jun 7, 2008, 6:32 pm

100 tickets for 10 drawings... play like you mean it!

In neo-conned Amerika, bank robs you.
Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Jun 7, 2008, 8:45 pm

Quote: Originally posted by time*treat on Jun 7, 2008
100 tickets for 10 drawings... play like you mean it!

It's hard to play that way and mean it if you aren't convinced that playing that way significantly improves your chances of at least winning a 2nd prize.

* you don't need to buy every combination, just the winning ones *
psykomo

United States
Member #4,877
May 30, 2004
5,289 Posts
Offline

Jun 7, 2008, 10:04 pm

Quote: Originally posted by nydeal on Jun 7, 2008
I was wondering if it is more advantagous to bet a little each week or wait and bet a larger sum every once in a while...what do most players prefer?

(for the sake of this poll, lets pretend the drawing jackpot is 10 million each week, an average size pot.)

thanks

THangs for this G@@D>>>>>>>>>>>>>>>>>>>>>>>>>POLE!!!!!!

BUT & IF yoy have $1000.00 in UR HAND'$$$$$$$$$$$$$$$$$$$$$$

DON't <<<<<<<<<<<play the STOCK MARKET>>>>>>>>>>>>>>>>

DON't <<<<<<<<<<<GO>2>>STARBUCK'<<<<<<(BIG BUCK'$$$$$)!

DON't <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<PLAY the Lottery!!

Just go to Walmart's & enjoy UR >>>>>>>"DAY"

(note: PSYKO voted other on this WON)...........>>>>>>>>>>>"BUTT"

LOL

PSYKOMO
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
Offline

Jun 8, 2008, 1:44 am

Imagine for this poll this is the 6/49 game and you have $1000 dollars would you rather have:

None of the above. I'd pay off some bills and continue to play exactly what I do now. (which is already too much!)

However, to answer your question as if I had to spend the $1,000 on a 6/49 game, I would probably buy 20 tickets for 50 drawings.
EZMoney

United States
Member #415
June 22, 2002
418 Posts
Offline

Jun 8, 2008, 11:01 am

Invest $999 in an IRA, and then buy a $1 powerball ticket.

http://www.lotterypost.com/thread.aspx?tp=168590&q=ezmoney+powerball&rp=search&get=960653
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Jun 8, 2008, 11:14 am

Quote: Originally posted by EZMoney on Jun 8, 2008
Invest $999 in an IRA, and then buy a $1 powerball ticket.

Take my $1000 on vacation and play the lottery as I go.... Playing in different states and buying advance draws.

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44

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