Saturday, January 8, 2011

The Lottery Statistics That Count

Statistics show us many things that can be both useful and unusable for many reasons.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!

Some time ago a famous New York paper reported on a working-class man who spent most of his hard earned money on lottery tickets.Unfortunately Mr. Ray Otero has the mistaken belief that his has a greater chance of winning a jackpot prize in a lottery by buying more tickets!

However, Ray fails to understand that simply buying more tickets does not increase your chances of winning a prize at all! All randomly bought tickets have exactly the same chance of winning as each other regardless of how many you buy!

It surprises many people to find out that lottery prizes are extremely hard to get. In fact if you buy a UK lottery ticket, which is a match 6 from 49 draw, at the beginning of the week there is a better chance of you dying before the draw than there is of you winning it!

You see unfortunately the odds of winning the jackpot ion such a draw are fourteen million to one while the odds of being dead are much lower. In fact you even have a better chance of becoming a saint because the odds are only killed by lightning are roughly 2650000 to 1!These low odds apply to every ticket you buy. So just because you have 100 tickets it doesn't mean you have a better chance of winning!

Take heart though because you can do certain things that dramatically increase the odds of you winning a huge lottery prize and they don't require you to spend a fortune doing it! Let's take a wheeling system as an example.

When you use a wheeling system the odds of winning a top prize are improved by millions to 1. When you add only one number to your pick (in a 6 from 49 lotto draw) you increase your chances of winning by millions, literally! Wheeling systems require you to invest more money in the lottery, because you must buy more tickets, but by doing so, and by doing it in a mathematically precise manner, you increase your chances of winning the lottery jackpot.

When you use wheeling in a 6 from 49 draw, like the UK lottery, and use 7 numbers instead of 6 the odds of winning are slashed from 14 million to 1 down to half a million to 1 - with just 1 extra number and a £28 stake!!

Although wheeling is not the most successful of lottery systems (there are much more precise ones that guarantee a win) if Mr. Otero had used such a system (and his $30,000 a year lottery stake money) and played it with a 6 from 49 draw he might have been celebrating a lottery win a long time ago!

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