Louis Theroux: Gambling in Las Vegas
05 February 2007, 05:04 PM
#61
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05 February 2007, 05:06 PM
#62
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Lets put it another way. You have bought the tickets 49 and 50 for our wheel of 50 numbers.
The wheels spins - do you think you have a 25:1 chance of 49 or 50 coming up?
If you have three numbers 48,49 & 50 - do you think your odds are reduced to 16.6:1?
The wheels spins - do you think you have a 25:1 chance of 49 or 50 coming up?
If you have three numbers 48,49 & 50 - do you think your odds are reduced to 16.6:1?
05 February 2007, 05:07 PM
#63
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05 February 2007, 05:11 PM
#64
1/50 + 1/50 = 1/25 = 0.04
1/50 + 1/50 + 1/50 = 3/50 = 0.06
Last edited by ReallyReallyGoodMeat; 05 February 2007 at 05:14 PM.
05 February 2007, 05:14 PM
#65
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yep although i'd express the 3 numbers ratio as 50:3 as it's neater
and the same thing or 3/50 as above or around 6% chance of getting a number
Last edited by THORPEM; 05 February 2007 at 05:16 PM. Reason: spelling
05 February 2007, 05:32 PM
#67
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I'm with the other people on this one Pete. Sorry, but I would follow it through using our theory verses yours. 50 numbers
1 ticket = 1/50 == 2%
2 tickets = 2/50 == 1/25 == 4%
10 tickets = 10/50 == 1/5 == 20%
20 tickets = 20/50 == 2/5 == 40%
40 tickets = 40/50 == 4/5 == 80%
50 tickets = 50/50 == 5/5 == 100%
You'll have to work hard to convince me the above is not true
1 ticket = 1/50 == 2%
2 tickets = 2/50 == 1/25 == 4%
10 tickets = 10/50 == 1/5 == 20%
20 tickets = 20/50 == 2/5 == 40%
40 tickets = 40/50 == 4/5 == 80%
50 tickets = 50/50 == 5/5 == 100%
You'll have to work hard to convince me the above is not true
05 February 2007, 05:40 PM
#68
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Providing you've got different sets of numbers on each ticket and if, when checking your numbers, your first ticket hasn't won, your chances are now
99/13,999,999. Perhaps you are thinking of this?
05 February 2007, 06:43 PM
#71
The lottery, now there is a real mugs game 
Things that are more likely to happen to you than winning the national lottery:
-Spontaneous Combustion
-Alien visitation
-QPR winning the champions league.
Of course the other fundamental error people make is assuming that buying two lottery tickets doubles your chances of winning the jackpot, or that buying 5 tickets means you have a far better chance of winning.
Things that are more likely to happen to you than winning the national lottery:
-Spontaneous Combustion
-Alien visitation
-QPR winning the champions league.
Of course the other fundamental error people make is assuming that buying two lottery tickets doubles your chances of winning the jackpot, or that buying 5 tickets means you have a far better chance of winning.
05 February 2007, 06:45 PM
#72
Anyway, Don't buy the ticket really expecting to win, its just a way of buying the possibility that I might, that chance that I wont have to get up for work on Monday morning and instead proceed to Stratstones to order my 911.
If I dont buy a ticket, I have no chance of winning.
If I dont buy a ticket, I have no chance of winning.
05 February 2007, 07:32 PM
#73
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Either way - it certainly doesn't equate to 1:140,000
05 February 2007, 08:17 PM
#74
Here is an example using roulette.
http://probability.infarom.ro/roulette.html
05 February 2007, 08:30 PM
#75
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What's sauce for the goose...........
I thought you'd appreciate the irony of 'picture posting' as you did the same yourself to some other user name of mine.........the difference of course is that only your picture is a true representation of the ugly reality, isn't it Robin?
I thought you'd appreciate the irony of 'picture posting' as you did the same yourself to some other user name of mine.........the difference of course is that only your picture is a true representation of the ugly reality, isn't it Robin?
05 February 2007, 08:50 PM
#76
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05 February 2007, 08:51 PM
#77
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The fact that you have 2 lottery tickets doubles your chances of winning (cause you have double the amount of tickets than if you only had one) but it doesnt half the odds of winning.
14m to 1 chance in winning.
You buy 2 tickets does not make 7m chance to 1. How have you eliminated 6,999,999 other possibilities by buying 1 more ticket.
Think about it people.
05 February 2007, 09:00 PM
#78
Exactly what I said earlier.
The fact that you have 2 lottery tickets doubles your chances of winning (cause you have double the amount of tickets than if you only had one) but it doesnt half the odds of winning.
14m to 1 chance in winning.
You buy 2 tickets does not make 7m chance to 1. How have you eliminated 6,999,999 other possibilities by buying 1 more ticket.
Think about it people.
The fact that you have 2 lottery tickets doubles your chances of winning (cause you have double the amount of tickets than if you only had one) but it doesnt half the odds of winning.
14m to 1 chance in winning.
You buy 2 tickets does not make 7m chance to 1. How have you eliminated 6,999,999 other possibilities by buying 1 more ticket.
Think about it people.
1 ticket is 14 million to 1
2 tickets are 7 million to 1
http://members.***.net/mathmistakes/rawdata.htm
05 February 2007, 09:17 PM
#80
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I'm with you kiwi, it's just trying to explain it !!! those who can... teach...
Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/1400000 to 1/7000000...
which in reality is only increasing from 0.00000007 % to 0.00000014 not a massive increase in odds when you look at it like that !!
Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/1400000 to 1/7000000...
which in reality is only increasing from 0.00000007 % to 0.00000014 not a massive increase in odds when you look at it like that !!
Last edited by THORPEM; 05 February 2007 at 10:10 PM. Reason: .
05 February 2007, 09:55 PM
#81
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I'm with you kiwi, it just trying to explain it !!! those who can... teach...
Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/1400000 to 1/7000000...
which in reality is only increasing from 0.00000007 % to 0.00000014 not a massive increase in odds when you look at it like that !!
Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/1400000 to 1/7000000...
which in reality is only increasing from 0.00000007 % to 0.00000014 not a massive increase in odds when you look at it like that !!
05 February 2007, 10:07 PM
#82
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I wasn't suggesting I could teach.. thats what I meant...
I can't teach so can't explain it the best way. Maybe a teacher on here can....
and you're correct i mistyped and missed a zero off 14 million .
it should read "Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/14000000 to 1/7000000...
i know the theory just can't explain it in words
I can't teach so can't explain it the best way. Maybe a teacher on here can....
and you're correct i mistyped and missed a zero off 14 million .
it should read "Both kiwi's links point to the theory... you not eliminating half the numbers by picking 2 lines your just increasing the probability from 1/14000000 to 1/7000000...
i know the theory just can't explain it in words
Last edited by THORPEM; 05 February 2007 at 10:08 PM. Reason: .
05 February 2007, 11:04 PM
#83
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05 February 2007, 11:06 PM
#84
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I'm all for choice, and if people want to blow their money up the wall, yep, they're being idiots, but then the Labour government blows half of the money we earn up the wall on our behalf too..
05 February 2007, 11:23 PM
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You are wrong, I don't know how to prove it but you are wrong.
1 ticket is 14 million to 1
2 tickets are 7 million to 1
Lottery Math
1 ticket is 14 million to 1
2 tickets are 7 million to 1
Lottery Math
And where on that link does it support your claim? - as opposed to teh site i linked to that supported the facts.
05 February 2007, 11:25 PM
#86
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I give up.
How in the name of blue f*ck doe buying 100 tickets reduce the odds to 1:140,000 when your starting point is 1:14,000,000?
What does that mean? THat if you buy another 140,000 tickets your chances are 1:1?????
Does that not sound completely idiotic to you?
05 February 2007, 11:36 PM
#87
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so an accountant can have an early retirement
the old biddy may have an empty strange life, but its her money to do with what ever she wants!!
why be so bothered about someone spending 4 million
05 February 2007, 11:41 PM
#88
Christ almighty.
I give up.
How in the name of blue f*ck doe buying 100 tickets reduce the odds to 1:140,000 when your starting point is 1:14,000,000?
What does that mean? THat if you buy another 140,000 tickets your chances are 1:1?????
Does that not sound completely idiotic to you?
I give up.
How in the name of blue f*ck doe buying 100 tickets reduce the odds to 1:140,000 when your starting point is 1:14,000,000?
What does that mean? THat if you buy another 140,000 tickets your chances are 1:1?????
Does that not sound completely idiotic to you?
Which is 1/100
05 February 2007, 11:52 PM
#90
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Originally Posted by PeteBrant
What does that mean? THat if you buy another 140,000 tickets your chances are 1:1?????