Questions & Answers Got Questions? We Have Answers. 
09122010, 06:15 AM


Registered User


Join Date: Aug 2010
Location: Canada & TX endless summer
Posts: 1,282


Lifetime odds of winning?
A question came up as part of another discussion that I thought was worth discussing on its own:
If you buy 100 tickets for a lotto draw, you are reducing your odds of winning the jackpot for that draw from 1:13,983,816 to 100:13,983,816. If you then buy 100 tickets for the next draw have you reduced your 'lifetime' odds to 200:13,983,816? Or do the odds reset with every new draw?
Hopefully, someone out there has the math/statistical background to answer this

09122010, 05:17 PM


Registered User


Join Date: Jan 2007
Posts: 41


The odds "reset" every time. Look at it this way, if the drawing results for week #2 match 6for6 one of the 100 tickets you bought for the drawing on week #1  you still don't win anything.
You must have the correct numbers ... for the correct drawing. You'd probably be immediately nonplussed buying a quick pick (lucky dip) and seeing that you were given the number set that matched the previous drawing.

09122010, 06:23 PM


Registered User


Join Date: Aug 2010
Location: Canada & TX endless summer
Posts: 1,282


Good point, time*treat!
That matches up with what I thought the answer was.

09122010, 11:48 PM

Registered User


Join Date: Dec 2004
Posts: 34


I have to disagree. The odds "reset" only if you are calculating each draw as its own separate event. If that is the case, the term "overall lifetime odds" cannot be applied.
Suppose I buy an 'advance buy' ticket with the numbers 1,2,3,4,5,6 for the next 10 draws. What are my overall all odds for the lifetime of this ticket?

10072010, 12:39 PM

Registered User


Join Date: May 2004
Location: Texas
Posts: 9


Quote:
Originally Posted by rigged2lose
I have to disagree. The odds "reset" only if you are calculating each draw as its own separate event. If that is the case, the term "overall lifetime odds" cannot be applied.
Suppose I buy an 'advance buy' ticket with the numbers 1,2,3,4,5,6 for the next 10 draws. What are my overall all odds for the lifetime of this ticket?

1:13,983,816 per draw one would say.
However, (insert logical reasoning here specifying the odds of the lowest 6 consecutive numbers to turn out during the same draw).

10152010, 09:52 AM


Registered User


Join Date: Aug 2009
Location: UK
Posts: 285


If your ticket remains constant throughout your lifetime then it is straightforward. You divide 13,983,816 by the number of tickets you bought (with those same numbers) in your lifetime. If that was say 5000 draws then your lifetime odds are 13,983,816/5000 or 2797 : 1.
If at any time you change the numbers on the ticket, the problem resets to a different one since you now have two lifetime tickets, one of which you can win with (its live), the other you can no longer win with (you're no longer betting on it).
Your (new) lifetime begins at the date you purchased the new set of numbers.

10152010, 06:33 PM


Registered User


Join Date: Dec 2003
Location: Sydney, Australia
Posts: 180


Lifetime chances of winning first prize in 6/49 Lotto
Odds are a ratio based on random selections and remain the same for each draw. As the number of plays you make increases by playing an undistorted or random set of 100 numbers then so do your chances of winning the respective prizes. The important point is that for any prize an adequate sample is used to make the calculation relevant.
For your first draw with 100 plays a Three win is very likely as is two by Three wins for the odds of 1 in 57. However, all the other prizes are possible with a varying degree of likelihood. After about 10 draws with 100 plays per draw you can expect a Four prize as the odds are 1 in 1,032.
For the Five prize the odds become much higher at 1 in 54,201. If you define a lifetime of regularly playing Lotto once per week as 60 years then the chances are you will get a Five with just 1 play per draw. With 100 plays per draw you have 60 x 52 x 100 = 312,000 chances of getting a Five so you could have about 6 Fives in your lifetime.
For the first prize your 312,000 chances doesn't figure very highly (312,000/13,983,816) with only a bit over 2% probability. For a reasonable chance of success with an adequate sample size some would say 25 lifetimes others maybe 10.
In other words even if you play consistently weekly over 60 years spending what I consider a high amount for 100 plays you are still reasonably certain of not winning first prize so I would suggest playing only about 22 plays per draw. (Apart from my birthday multiples of 11 figure prominently in Lotto number set analysis.) This is still much better than not playing where your chances of success are zilch.
Colin Fairbrother

Thread Tools 

Display Modes 
Linear Mode

Posting Rules

You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off



All times are GMT 5. The time now is 10:51 AM.

Silver Lotto System
Free Lottery Secrets Report
NEW Lottosend
Get Your Best Bet Days
