Beating the lottery

[ConditionZero]

Hi guys, I am a forex investor and have been making money on the internet for 2 years now. I've tried ponzis, stock market pyramids, currency exchange, autosurf, HYIP, forex, and more. Obviously, I never made a dime from the ponzis and similar. While I do pull in some decent money from currency exchange and forex, I need another source of reliable income.

The idea of lottery still intrigues me. I always wondered if you could mathematically optimize your picks to put the odds in your favor. I want to hear your thoughts on the subject. A quick Ebay search picked this up:

http://cgi.ebay.com/ws/eBayISAPI.dll?Vi...em&category=47103&item=5592719609&rd=1

I thought to myself "why would he sell it if it was so great. Why not just use it?" His feedback is excellent though. I still won't be suckered into buying something like that right away. Do you think that it is possible?

 

[Veramocor]

No.

That said I want to know how this guy has such high feedback.

 

[ConditionZero]

There are a bunch of sellers all with high feedback. I am going to email the buyers maybe.

 

[beer]

Save the money and find a Statistics and Probability class at a local Community College, it'll payoff more than that ever will :roll:

Shouldn't this be locked?

 

[TuxDave]

I can increase your odds to 1 in 5 also. It's called 'buying lots and lots of lottery tickets until you get a 1 in 5 chance of winning'. Too bad it won't guarantee you to make a profit.

 

[Calin]

Just think that all the money everyone pays for tickets are collected, taxed by the heavy hand of the government, and then a part (good part of it I would assume) is kept as proffit by the organizers.
The rest (certainly less than half of what was collected) goes to prizes. I would assume a quarter of what's collected goes to prizes

 

[w0ss]

Just wait till the jackpot is higher than the odds of winning. Then play every number. You will win and as long as no one else does you will make a profit.

 

[ConditionZero]

If these guys didn't have that much perfect feedback, I would have glossed right over it. But now, I am curious. I'll check it out and maybe even buy one of the cheap packages on EBay. I have $5 to lose. I'll post my picks on here, so you can also see if it works or not. Probably not, but its worth a shot.

 

[Calin]

If I remember correctly, when the lottery from Romania has its record in wins (like 40 weeks without a big winner), the jackpot was at about 4 million dollars. However, playing every combination (as to guarantee a big win) would have had a cost of 14 millions.
Not a very good idea

 

[GabbaGabbaHey]

virtually every lottery has rules against playing all the numbers in lotto type games (pick 6, powerball, etc.) plus the sheer volume of playing all those numbers would be overwhelming. plus, it just isn't cost effective. i'm sure the lottery would let you play 3.5 million combinations at $1 a pop to win a $1.3M jackpot if you insist.

btw, in my state, no profits are "kept by the organizers" - it all goes to public education (after administrative costs and prizes). prizes=65% of sales...admin costs=5% of sales....the remaining 30% of sales goes to education.

this is a flat-out scam. there are no "statistical" breakthroughs in winning the lottery. numbers are chosen at random...any success using that system is pure coincidence that would have happened anyway.

 

[L00PY]

The only way it's not a scam is if the Lottery royally messed up. Some lotteries in the past have used not-so-random random number generators or balls that weren't weighted properly. Otherwise, the only one getting rich off the system are the people selling the e-book.

If anything sounds "too good to be true", it's probably BS. (Googled: lottery system ebook scam - second hit.)

 

[NogginBoink]

The odds of getting all numbers correct in the Texas Lotto is 1 in ~15.8 million.

So, if the jackpot is >15.8 million, I suppose you could buy one ticket with each of the possible combinations and guarantee that you'll win the jackpot.

You'll also win many lesser prizes.

However, there's always a chance that someone else (or many someone elses) will also win the jackpot, so you'll have to split it with them.

Probably not the most reliable way to make money.

 

[Borealis316]

I've spent weeks upon weeks analyzing and crunching winning lottery numbers....in the end I just went outside during a storm and held up a golf club.

I remember once a co-worker of mine went to a gas station up here in minnesota, Randy Moss was in there buying powerball tickets, $2,500 worth of tickets, someone like that I'm assuming would get airtime on tv if he did win anything substantial. Needless to say he didn't win squat.

Besides, if he's got such a good system going for beating the lottery why is he farting around trying to sell it on ebay for 10 bucks? Whats that tell you? Don't waste your time.

 

[iwantanewcomputer]

this is just stupid...it's random, and they take in a lot more than they pay out. this should be locked

 

[ConditionZero]

Ok, I looked on a forum that has been around for 13 years about this. Apparantly the system is just a wheeler and has some mathematical techniques in it. They are very complicated (overly complicated imo). The site kept track of all time stats and predictions. The top 2 guys were 150-200% in profit in their lifetime. The rest were about at a 30% loss. I gave it up. Back to my old methods.

 

[Mark R]

It is certainly possible to make a profit on lotteries, but it can only be done on occasion, and requires enormous effort - and is not without risk.

Most big national or international lotteries have a payout of about 20-25% of the ticket costs. Clearly, this means that on average, you lose 75-80% of your money. However, due to their stochastic nature there are occasional 'roll overs' where the prize fund from multiple sessions is accumulated. It follows from this that a triple or quadruple rollover can mean a payout of over 100% of income for that session.

So if you only play on lottery games, where accumulated rollovers mean the average payout is greater than average ticket cost, then you stand a good chance of making money overall. Taking the UK lottery as an example - the odds of winning the jackpot are 1: 14million - but there have been draws with a top prize in excess of 20 million. If you were able to put together a syndicate to buy 14 million tickets (1 for each combination) then you stand a very good chance of making a substantial return. The major risks being a) that there are multiple winners, and b) that you don't have enough time to buy the 14 million tickets.

 

[unipidity]

The problem with rollovers, though, is that the rollover week tends to see much higher sales that usual. Hence the expectation/ticket ignoring multiple winners can be 200%, but the expectation taking it into consideration can be less than 100%. In the UK lottery, a £20m jackpot implies a sale of 50m tickets; you can expect to share your jackpot between 4 people even if you buy every ticket (assuming a random distribution). Psychology will distort this, of course, for example making tickets with adjactent numbers more likely to win more money because people avoid them, but I seriously doubt anyone could make money this way. Especially since there are large numbers of out-of-work mathmos and psychologists around.

 

[Gigantopithecus]

All you need to know:

"MY TESTED & PROVEN SYSTEM WILL INCREASE YOUR CHANCES OF WINNING BY OVER 600%!!"

So, instead of 1 in 150,000,000, my odds will increase 600% to 6 in 150,000,000. Genius!

 

[rudder]

Don't you think if it worked (you should know you posted it on ebay) that you would use it for yourself. If you post it on ebay, you will now have to share your winnings.

 

[QueBert]

Originally posted by: ConditionZero
Hi guys, I am a forex investor and have been making money on the internet for 2 years now. I've tried ponzis, stock market pyramids, currency exchange, autosurf, HYIP, forex, and more. Obviously, I never made a dime from the ponzis and similar. While I do pull in some decent money from currency exchange and forex, I need another source of reliable income.

The idea of lottery still intrigues me. I always wondered if you could mathematically optimize your picks to put the odds in your favor. I want to hear your thoughts on the subject. A quick Ebay search picked this up:

http://cgi.ebay.com/ws/eBayISAPI.dll?Vi...em&category=47103&item=5592719609&rd=1

High feedback means nothing when it's left by chuckleheads. I work at a store that sells California Lottery. We have tons of regular customers who swear by their "proven lottery methods" I hear then all, some almost sound good too. But, there's no magical way to pick winning numbers. There's not even a decent way. It's all luck. You COULD buy this dudes thing off Ebay. and COULD win because you used it, but it would be dumb luck.

I thought to myself "why would he sell it if it was so great. Why not just use it?" His feedback is excellent though. I still won't be suckered into buying something like that right away. Do you think that it is possible?

 

[QueBert]

Originally posted by: w0ss
Just wait till the jackpot is higher than the odds of winning. Then play every number. You will win and as long as no one else does you will make a profit.

I work at a store that sells Lotto, and I thought about this many times when the jackpot hit 100+ million. The odds are 1:47something million. Problem are, as you said if more then one person wins you're SOL.

I think the biggest issue is how could you realisticly play 47+ million different tickets. I'm guessing it would take a HUGE group of friends (like 100+) playing tickets all day between the draw date until the draw date. Kinda stupid for me to think about this like it's a possibility, but when I see 120+ million jackpots I have dumb ideas

if anyone has a method where playing every number combo is possible in 3 days lemme know.

*EDIT* I thought some more, I don't think even 1,000 people playing lotto slips from 6pm-2am *cali lotto hours* you could possibly hit close to 47 million combos. If you had enough people, enough time, and even slips to win. If you did win, all the people involves would want their fair chunk and nobody would have any money afterwards.

 

[Gibsons]

Originally posted by: QueBert

Originally posted by: w0ss
Just wait till the jackpot is higher than the odds of winning. Then play every number. You will win and as long as no one else does you will make a profit.

I work at a store that sells Lotto, and I thought about this many times when the jackpot hit 100+ million. The odds are 1:47something million. Problem are, as you said if more then one person wins you're SOL.

I think the biggest issue is how could you realisticly play 47+ million different tickets. I'm guessing it would take a HUGE group of friends (like 100+) playing tickets all day between the draw date until the draw date. Kinda stupid for me to think about this like it's a possibility, but when I see 120+ million jackpots I have dumb ideas

if anyone has a method where playing every number combo is possible in 3 days lemme know.

*EDIT* I thought some more, I don't think even 1,000 people playing lotto slips from 6pm-2am *cali lotto hours* you could possibly hit close to 47 million combos. If you had enough people, enough time, and even slips to win. If you did win, all the people involves would want their fair chunk and nobody would have any money afterwards.

What's even worse is you have human error. Suppose you filled out 47 million tickets and found out the hard way that you had some duplicates and didn't cover every combination?

 

[QueBert]

ah human error, I didn't factor that in. Any ways it's not possible to fill out and play 47.4 million tickets in 3 days, it would take 10,000 people running slips all day just to accomplish it. It would be bad ass ass though is somebody got enough people and resources to do this. I am absolutly sure the lottery has no problem with you playing every # combination (if you actually could) When the jackpots get big enough where you could actually overcome the odds, still playing every # possible. Other people will win, and even if you're the only winner. After the the state gets it's cut, and they tax the rest. You won't have 47 million

I think I will stick to my 4 tickets a week, 2 super lotto, and 2 Mega Millions. MM *new game* has the awesome odd's of 1:175 million. he he...

 

[RBauer]

This is down right STUPID! if you feel wasting 5 bucks for some guys theory on ways to increase your chances of winning he is the true winner cause he found a way to profit off the lottery!!!! Think about it!!

 

[MobiusPizza]

Yeah, if he can profit off the lottery why would he sell it in ebay

If you do statistic you will know that any number combination will give you the same probability of winning.

Picking numbers 1,2,3,4,5,6 will give you the same chance of winning as picking numbers 2,4,16,38,32,40
There's no trick round it.

You can plot a table of past lottery draws and you will see the numbers are more or less equal in probability
There are some natural vairabtions. If you pick those top frequency numbers, you end up with same probability.
In probability theory, an important definition is that: "Probability of an event is independent of the effect of the previous event for a given scenario"

In this scenario, lottery machines do not remember the past events. There's no way the past events have any effect on tomnorrow's draw

So you should just give up




There are strategies that give you slightly higher chances of winning
Such as buying 52 lottery tickets all in one go 1 day of the year, or buying lottery 1 lottery ticket through out 52 weeks of the year

It came out that the former case have slightly higher chance of winning