Lottery . At a stroke they've halved everybody's chances. What annoyed me is i don't gamble but do lottery online. I updated my filter that the isp provides after all the publicity about porn. I don't want to go to dodgy sites accidentally . Then later found the lottery was blocked . I had to unlock gambling. This seems wrong somehow. I want all the other gambling blocked just access to the lottery .
Showing posts with label lottery. Show all posts
Showing posts with label lottery. Show all posts
Monday, 7 October 2013
Lottery - half a chance
Thursday, 3 October 2013
Lottery Scam - £2 ticket actually HALVES you chances
Lottery Scam - £2 ticket actually HALVES your chances.
Yes they have increased the winnings, actually by only 60p!
but its peanuts in realty. Its all to do with probability which no one has
explained so here’s a quick lesson.
Throw a dice – you have a 1/6th chance of getting
a 6
If you 2 6s in a row its not 2/6 its actually 1/36!
Why? You have one chance of a 6followed by a 6 as opposed to
all the other combinations 1+1 1+2, etc.
So lets say you spend £10 a week on lottery tickets. That
makes 10 tickets previously, 10 chances of winning the jackpot. Now you £10 only
gets you 5 tickets so you have HALF as many chances of winning SEE? The odds of
winning haven’t changed.
Prize increased from £10 to £25 = 60p rise. Why?
Lets say
Previously you had 10 tickets, 10/40 000000 (10 in
40million)
Now you have 5 tickets 5/40000000 (5 in 40million)
So prize £10 x 10/40 000000 versus £25 x
5/40 000000
Quick arithmetic
Chance of winning £10 = ¼ – versus £25 1/8
¼ of 10 = £2.50
!/8 of 25 = £3.12
Increase a mere 62p – thank you national Lottery.
Labels:
£2,
60p,
arithmetic,
increase,
lie,
lottery,
probability,
scam
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