The conjunction fallacy occurs when a lotto player believes that two events happening together are more likely than one occurring alone. For example, someone might think picking “lucky numbers” on a “lucky day” increases their likelihood of winning. The truth is that combining events doesn’t make winning more likely. A lottery wheel user sent me … Read more
For a meaningful statistical analysis of the lottery, it’s very important to avoid mixing datasets, as lottery games may undergo different changes over time. For example, mixing historical results of a 6/36 and a 6/49 game will only lead to inaccurate conclusions. Contradictory NJ Pick 6 History Analysis Let me share one of my conversations … Read more
Mathematical expectation tells the average amount a player can win (or lose) per ticket in the long run. This expectation is usually referred to as the Expected Value or EV. Unfortunately, the lottery expectations are always negative, no matter how big the jackpot gets. It means that, on average, players lose more money because the … Read more
The allure of winning big time when playing the lottery is undeniable, many players underestimate the odds of winning in a random lottery game. This article reinforces that buying lotto tickets is just for fun and should not be viewed as an investment or means to financial success. Let me start by sharing with you … Read more
A lottery player asked how he could increase his chances of winning the lottery, and I thought it best to share the answer with you. A Letter From a Retired Mechanic Hello Edvin, I am 62 years old and have retired recently. I used to work as an auto mechanic. Throughout my life, I never … Read more
