what are the odds I win "a" big prize? say a couple of millions?
2007-03-29 09:09:28 · 17 answers · asked by Anonymous in Games & Recreation ➔ Gambling
You'd do better SAVING the money that you'd spend on a ticket everyday. That way you'd know what you'd have in 10 years.
2007-03-29 09:17:37 · answer #1 · answered by JT 4 · 0⤊ 0⤋
It does. It also means that you will win any of the other prizes available. You will win all of the the 3, 4, 5 and 6 ball combinations that are drawn too, which will amount to quite a bit. Do you have 14 million pounds to spend on the lottery though? Also, consider that the jackpot isn't often 14 million pounds. You would also have to share the jackpot with anyone else who might happen to buy a winning ticket, or any other winning combinations. You would be lucky to make a profit on 14 million lottery tickets, most weeks.
2016-03-17 04:40:14 · answer #2 · answered by ? 4 · 0⤊ 0⤋
365 x 10 = 3650
If the odds each day are, say, 1 in 7 million, then you've got 3650 chances at the 1 in 7 million odds. A simplistic way to look at it, but not necessarily correct when considering "chance", is 3650/7,000,000 chance, or about 1 in 1918. That means if you knew 2000 other people doing the exact same as you--1 ticket a day for 10 years--that more likely than not one of you would win.
2007-03-29 09:17:05 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Think of it it this way: Lotteries exist to make money for the lottery
holder, not ticket holders. That is, they take in more money then
they give out - substantially more.
Any calculation of odds, however, would require knowledge of the
lotteries you are taking.
However, buying 3650 tickets isn't much of an advantage.
"Lottery: A tax on people who failed math"
2007-03-29 09:13:12 · answer #4 · answered by Elana 7 · 0⤊ 0⤋
Your odds would increase significantly if you were to take the money of 10 years and play it on a single draw. You would wheel the numbers and if any of those numbers are drawn a guaranteed prize is awarded. Although it would significantly increase the odds , you would still have a better chance getting struck by lightning , or a boeing747 crashing on your head than winning the lottery.
2007-03-29 09:44:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I dont't know the exact odds. But you have a better chance of ending up with nothing after ten years than winning the lottery.
2007-03-29 09:12:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋
The odds are the same every day. You start over with each ticket you buy. Take that money and put it in savings.
2007-03-29 09:12:41 · answer #7 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
to put in into perspective, if there was only one winner for each drawing, and u didnt have 2 pay any taxes the jackpot would have 2 be 146,107,962 or greater for it 2 be a "smart bet"
so lets say u play have 365 *10 chances of winning (3,650 outta the 146 million chance per game)
about 1 in 40,000 (but thats for the powerball megamillions type games not pick 3 or pick 4)
2007-03-29 09:18:26 · answer #8 · answered by p34nu7bu773rj3lly7im3 2 · 0⤊ 0⤋
that is 3650 dollars down the drain ! each day gives you Same probablity. Lottary winners are just lucky there is no probablity mathemetics that can work. if you really wanna find out the odds then it would be
365 x 10 / 2000000 only if 20 million people play the mega millian each day..!
good luck man
2007-03-29 09:15:05 · answer #9 · answered by Mr.PGB 1 · 0⤊ 0⤋
I hope you will share!
5, 8, 10, 15, 21
here are my numbers!
2007-03-29 09:11:57 · answer #10 · answered by Still Standing 4 · 0⤊ 0⤋