Hypothetically speaking.
If I were planning to spend $100 on lottery scratch off tickets that cost $5 each or 20 tickets total. The odds of winning are 1 in 3.81. To better my chances of winning... would it be statisally better to buy all the 20 tickets at 1 store or to buy 1 ticket at 20 different stores.
2007-07-13 11:40:58 · 4 answers · asked by kristy s 1 in Science & Mathematics ➔ Mathematics
I get what youre saying william, that even though its 1 in 3.81 odds that doesnt mean 1.381 odds in a row
2007-07-13 12:14:54 · update #1
If you were trying to get the statistical return it wouldn't matter.
However, if you are attempting to beat the statistical return, your best option is to NOT buy 20 consecutive tickets. It has more to do with how the lottery commission prints the tickets to ensure that return rate. The store is irrelevant, but the consecutive ticket issue is a practical matter that makes the reality deviate from the theoretical.
2007-07-13 11:52:39 · answer #1 · answered by William E 2 · 0⤊ 0⤋
The odds of winning in a given lottery game are not affected whatsoever by the location at which you purchase the tickets. Your chance of winning is identical in both cases.
2007-07-13 18:46:15 · answer #2 · answered by lithiumdeuteride 7 · 0⤊ 0⤋
Makes no difference...however you might want to reconsider. The 3.81 to 1 odds refer to winning any of the prize amounts, not the $100 amount. Your expectation will always be negative (probability of winning times amount won minus the probability of losing time amount lost).
2007-07-13 18:54:04 · answer #3 · answered by skipper 7 · 0⤊ 0⤋
Hypothetically... it wouldn't make any difference.
The lottery is completely random.
2007-07-13 18:45:01 · answer #4 · answered by Andrew K 2 · 0⤊ 0⤋