Do numbers care about your dreams? They do. The answer may be hard to believe, as winning a lotto jackpot is like finding a needle in a haystack as big as Jupiter. Then again, mathematics is the only thing to rely on.
Have you seen the latest result of Ultra Lotto 6/58? Or the lotto results these last few months? No one won the winning combinations. Again. The lotto jackpot increased to 211M, more or less.
The expected value of a lotto ticket is way more than it cost. It’s unusually interesting. There wouldn’t be a better time to buy a (lotto) ticket. Right? Before you go to your nearest lotto outlet, or go to an e-lotto, you must know that there’s no long run when it comes to massive (lotto) jackpots.
When one, or two, would guess the lotto winning numbers correctly, then it would be back to “square one”. No need to sulk, as the amount is still huge. You should plan your next combination, and you must do it right. All numbers have an equal probability. Say what?
In the Law of Large Numbers, some numbers tend to be drawn more frequently in a few draws. However, as the number of draws increases, some of the numbers left behind catch up. In other words, the frequency of all balls even out as drawing (events) get larger.
There are no lucky and unlucky numbers. (Those who have a knowledge of East Asian culture would argue about that fact, pointing out that number four is the unluckiest digit. It symbolizes death, but math doesn’t care about it. Or so it seems.) The Doubting Thomases would call it beautiful, insisting that buying a lotto ticket is a waste of time and money. They overlook one thing: Combining numbers could be the key to lotto success.
A strategy based on gut feeling must be supported by mathematical reasoning, so you don’t trust your gut or your logic.
For instance, while the combination of 03-06-09-12-15-18 is possible to occur, understand that it won’t make you a multimillionaire. Winning that lotto jackpot won’t happen anytime soon. You may have come up with that combination by thinking about it for an hour or two, or a wild guess, but there are thousands of combinations.
And you have paid on that one combination. Not all combinations aren’t created equally. It’s about time to consider the success-to-failure ratio. Probability and odds are two different terms, the former measuring the likelihood of an event while the latter refers to the ratio of success to failure.
They aren’t mathematically equivalent. To put it in another way, you don’t have control over the probability of winning. But you have the power to choose better odds. How?
If you have to choose between Lotto 6/42 and Ultra Lotto 6/58, then math would tell you to press your luck on 6/42. It’s way more favorable. (If you’re still confused, then keep in mind that the odds in favoring a lotto jackpot is equal to one over the difference between the total possible combinations and one.) We haven’t reached the most interesting part. Yet.
To have a better understanding of this seemingly confusing concept, it would be better to cite Super Lotto 6/49 to illustrate a point.
Low numbers = {1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25}
High numbers = {26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49}
Any long-time lotto bettor would tell you that a random lotto draw would spread the probability fairly across the entire number field, so the winning (number) combinations, or most of it, consist of three numbers in the lower set and three in the upper set.
Some would doubt that “theory”, but the long-time lotto bettor would add that the probability couldn’t be biased to the set of low numbers or the set of high numbers. At this point, you have a theoretical calculation of your winning combination.
The actual draw might be far from what you have calculated. Or not. How?
Going back to what we have said, not all combinational groups aren’t created equally. Some are dominant while some rarely occur. You must buy a lotto ticket, or tickets, randomly AND you must buy a lotto ticket, or tickets, strategically.
Buying more tickets is part of the winning formula. And winning the lotto jackpot might take a long streak of losses. We’ll discuss it in our next OKBet lotto blog. Watch out for it!
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