if the overall odds of winning are 1 in 44 million, and I purchase 300 quick picks for $300 would my odds improve to 1 in 147,000??
Of course, I would not blow my money like this...but I am just curious....ty!
2007-05-05 16:41:35 · 4 answers · asked by Charlie Bravo 6 in Games & Recreation ➔ Gambling
...let's say money (at a casino)....or playing the Powerball lottery...
your odds of winning one would not directly affect the other ticket (or would it??)
2007-05-05 16:58:42 · update #1
No. The odds would improve to 146,666 assuming the quick pick machine made each ticket differently. (you did the math wrong.)
Think of it this way. If the odds of winning are 1 in 44,000,000 and you buy 44,000,000 tickets, each different, you GOT to have a winning ticket. Buy buying 300 tickets you increase the odds of you having a winning ticket by 300, thus the lower odds against you. The odds against each ticket is the same, but not when taken as a group.
However, it would still be a sucker bet as the pay off is always a lot less than the odds. The difference between the odds and payoff is how they make so much money off the lottery. They probably pay off at 1,000,000 to one. So even if you hit, you would lose $43,000,000.
2007-05-05 19:34:02 · answer #1 · answered by forgivebutdonotforget911 6 · 1⤊ 0⤋
To answer your question, you need to supply more info. Exactly what do you win with one chance is 44 million? What is a quick pick? If you win one, do the odds change on winning another?
2007-05-05 23:55:55 · answer #2 · answered by cattbarf 7 · 0⤊ 0⤋
No It would not improve your odds of winning. Each ticket has the same odds of 1 in 44 milllion. You would just be giving yourself a bigger chance of winning, but the odds remain the same.
2007-05-05 23:47:43 · answer #3 · answered by fuck off 5 · 0⤊ 1⤋
i think it's all about luck
2007-05-06 02:11:32 · answer #4 · answered by Nicole 1 · 0⤊ 0⤋