Tuesday, July 6, 2010

Winning The Lotto With Statistics

Using statistics and calculating odds can be very interesting but sometimes useless.For example, did you know that the odds of an average golfer hitting a 'hole in one' in a given round are 12,000-to-1 and the odds of getting two in the same round are 67,000,000-to-1?

So imagine the surprise of spectators when Danny Leake, an amateur golfer, achieved an unbelievable 'hole in one' on the same hole two days in a row at a tournament in Texas (something that is so unusual the odds of it happening have never been calculated). Pity such a lucky guy didn't play the lottery that day instead!

The New York Times told of a man in New York City, who was earning a regular wage as a superintendent, poured most of his money into the lottery.In the hope, and false belief, that he could win a big prize simply by buying more random tickets Mr. Otero spent a whopping $30,000 a year on lottery tickets!

The truth is that, statistically, buying more tickets, that are chosen randomly and not using a mathematical system, does not increase your chances of winning a prize in the lottery at all!

Statistics can tell us some depressing things. For example, if someone purchases a UK lottery ticket on a Monday, for a weekend draw, they are more likely to be dead when the draw takes place than they are of winning the jackpot prize!

This unfortunate statistic is true because you have a 14,000,000 to 1 chance of winning a jackpot on a 6 from 49 draw and the odds of being struck by lightning are killed by lightning are roughly 2650000 to 1.No matter how many tickets you buy each one will have the same low odds. Buying more tickets does not give you a better chance of winning.

However, it is possible to increase your chances of winning the lottery when you use the mathematical statistics to your advantage. Wheeling lottery numbers is probably the best known and easiest to use lottery system that greatly increases your chances of winning.

When you wheel and extra number in your pick of 6, so that you pick 7 numbers instead and then "wheel" so that all numbers end up on a ticket together two things happen. You have to buy more tickets therefore your lottery stake money goes up. But, an interesting thing happens - your odds of winning go up in leaps and bounds.

In the UK lottery just wheeling an extra number (so you pick 7 numbers instead of the standard 6) you reduce your odds of winning from 14,0000,000 to 1 to only 500,000 to 1!

There are other lottery systems which offer even better odds but just think, if Ray Otero had played 6 from 49 draws and used a wheeling system, instead of buying random tickets, he could well have won the lottery a few times over!

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