I like this site because it explains well with probability and
combinatorics what the odds of winning the lotto are and what the best
strategy is to win the game (basically wait until the jackpot is high
enough)
I like this site because it explains well with probability and
combinatorics what the odds of winning the lotto are and what the best
strategy is to win the game (basically wait until the jackpot is high
enough)
That link is inspired by Ion Saliu's Paradox -- while not naming it.
If the probability p = 1/N and you play N trials (e.g. N lotto
drawings, like ~14MIL for 6/49), your degree of certainty reaches
63.2%. But if you play N tickets, the degree of certainty reaches 100%
(not philosophically, however, since absoulte certainty is a
mathematical absurdity). Thus, the player has a better chance if
playing more tickets rarely, rather than often. It is applicable to
any form of gambling, if you can skip roulette spins, or blackjack
hands, or baccarat hands, etc. Or, if you can, place a larger bet at
more rare moments.
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