Expected value (EV) in lotteries, like the U.S. Powerball, varies with jackpot size. A $384 million jackpot typically results in negative EV, whereas $1.5 billion may be positive. Yet, taxes and jackpot splitting can make a seemingly positive EV negative. Overall, lotteries usually present a negative EV, suggesting they're better suited as entertainment rather than reliable financial ventures.
Last updated on March 23, 2024 It is difficult to disprove superstitions without first learning why coincidences or lucky numbers occur in the lottery. Someone sent me an email and said this: My Uncle won the lottery several times (no jackpot, though) in the ’90s, and he claimed that luck plays an important role. I don’t know, but I am trying my lucky numbers in the lottery, yet it...
Which is more likely, getting struck by lightning or winning the lottery? I don't think we are asking the right question. It's your choice that dictates your fate whether you are going to win the lottery or be killed by lightning. Let's discuss the odds in the right perspective then see if lottery is really such a bad thing as many anti-lotto group would like you to believe.
Last updated on February 22, 2024 It’s hard to win in a truly random lottery. Initially, its randomness might be a stumbling block, but when you look at it deeply, it might be a stepping stone for you as a lotto player. You might as well be thankful that the lottery is truly random. An idea appeared on top of my head. If there’s a picture that describes the randomness of the lottery...
Build a mailing list. But do you really have to? People are overloaded with too much information, I don't want to add furthermore to the confusion. So here's why Lotterycodex doesn't capture email.
Last updated on February 14, 2024 I don’t think computerized draws are necessarily evil. However, I believe fun and excitement are better experienced through mechanical drawing using lottery balls since people can see the game in action. A computer-based draw must be designed properly to produce an outcome based on a truly random process and not through mathematical calculations. For...
Last updated on February 22, 2024 Some lottery tips online are substantially bad advice. It’s not easy to win the lottery. That’s the whole truth. The probability that you will win the next draw is almost like wishing for a miracle. If you play the lottery despite the terrible odds, you might as well play it right. So, I might as well share my two cents from a mathematical perspective...
Last updated on January 1, 2024 Like any other gambling, the lottery is especially good at tricking you into thinking you are winning when you hit the small division prizes. Some lotto mentors try to convince you to fuel your hobby by winning small prizes frequently to hit the big one. The truth is that, in totality, you’re losing. In this article, I would like to discuss many lotto...
Last updated on February 22, 2024 Have you ever asked yourself? Are birth dates a good strategy for number selection? What does the math say about it? Let’s set one thing straight from a mathematical perspective. What Lottery Experts Say About Birth Dates Many experts recommend that you should never make a combination composed purely of birth dates or special dates. At least add some...
Last updated on February 22, 2024 Odds and probability are two different terms. They are not mathematically equivalent. Knowing the difference between the two is crucial for you as a lottery player. Many people use the term odds when they mean probability and vice versa. Perhaps the main reason for the confusion is that they are synonymous. Unfortunately, these terms are used interchangeably in...