Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > General Gambling > Probability

Notices

Probability Discussions of probability theory

Reply
 
Thread Tools Display Modes
Old 06-30-2012, 04:11 PM   #1
enthusiast
 
Join Date: Sep 2010
Location: UK
Posts: 67
Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

I have just had a disagreement with a friend who thinks that your chance of winning the lottery is greater if your buy five tickets in one week than if you were to buy one ticket per week over five consecutive weeks.

What does every think about this?
nomadicwarrior is offline   Reply With Quote
Old 06-30-2012, 05:26 PM   #2
Carpal \'Tunnel
 
BruceZ's Avatar
 
Join Date: Sep 2002
Posts: 8,956
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Quote:
Originally Posted by nomadicwarrior View Post
I have just had a disagreement with a friend who thinks that your chance of winning the lottery is greater if your buy five tickets in one week than if you were to buy one ticket per week over five consecutive weeks.

What does every think about this?
He's correct, but the difference will be insignificant when the chance of winning is small. When you buy 5 different tickets in 1 week, you have 5 times the probability of winning the grand prize than if you bought 1 ticket. When you buy 1 ticket per week for 5 weeks, your chances of winning will be very slightly less than 5 times the probability for 1 ticket because of the very small chance that you will win more than once. The 5 tickets in the same week represent mutually exclusive outcomes because only 1 can win, while the 5 tickets over 5 weeks represent independent outcomes. Note that the probabilities would be exactly the same if all 5 tickets were chosen randomly since in that case you could possibly get duplicate winning tickets when you play 5 in the same week, and that has the same probability as winning multiple times over 5 different weeks because then the tickets would be independent in both cases.

Last edited by BruceZ; 06-30-2012 at 09:18 PM.
BruceZ is offline   Reply With Quote
Old 07-01-2012, 08:45 AM   #3
Carpal \'Tunnel
 
BruceZ's Avatar
 
Join Date: Sep 2002
Posts: 8,956
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

I had an example here earlier for a daily lottery to show how this can make a significant difference. That example had a problem in that no matter how you chose the numbers, you could always win on more than 1 ticket on the same drawing, so it wasn't correct to just multiply the probability by 5. Here is an example that should work.

In the daily Pick 3 lotto, you choose 3 numbers from 0-9 in a particular order, and 3 numbers are drawn in order where numbers can be repeated. If you pick 3 different numbers, you can win by matching just the first 2, just the second 2, or all 3 numbers in any order. The probability that you win a prize on a single ticket when you play 3 different numbers is 2.4% since there are 9 ways to match the first 2 only, 9 ways to match the second 2 only, and 3! = 6 ways to match all 3 numbers, for a total of 9+9+6=24 ways to win out of 1000. If we buy 5 tickets on the same day and choose the numbers so that no ticket has the same first 2 or last 2 numbers, like (012, 234, 456, 678, 890), then our probability of winning a prize would be

5 * 2.4% = 12%.

But if we buy 1 ticket per day for 5 days, our probability of winning a prize will be 1 minus the probability of losing on every ticket, which is

1 - (1 - 0.024)5 =~ 11.4%.

So our winning chances have dropped. Our EV will still be the same because in the second case we can win on more than 1 ticket.

Of course you usually only win about $25 when you win which isn't what most people mean by "winning the lottery". The probability of winning a large prize in a lottery will be much smaller, and the difference in the probabilities will become miniscule because the chances of winning on more than 1 ticket will be very small.

Last edited by BruceZ; 07-01-2012 at 08:52 AM.
BruceZ is offline   Reply With Quote
Old 07-04-2012, 01:44 AM   #4
Pooh-Bah
 
SheetWise's Avatar
 
Join Date: Jul 2005
Location: Phoenix
Posts: 4,677
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Intuitively, if there is a lottery that has one million numbers at $1 each you can purchase all numbers for $1,000,000 and be a guaranteed winner -- but there is no way you can distribute $200,000 a week for five weeks and have a guaranteed win.
SheetWise is offline   Reply With Quote
Old 07-04-2012, 10:07 AM   #5
Carpal \'Tunnel
 
BruceZ's Avatar
 
Join Date: Sep 2002
Posts: 8,956
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Quote:
Originally Posted by SheetWise View Post
Intuitively, if there is a lottery that has one million numbers at $1 each you can purchase all numbers for $1,000,000 and be a guaranteed winner -- but there is no way you can distribute $200,000 a week for five weeks and have a guaranteed win.
Right. Happy Mutually Exclusive Day.
BruceZ is offline   Reply With Quote
Old 07-04-2012, 09:13 PM   #6
veteran
 
Join Date: Mar 2009
Location: In the wires
Posts: 2,335
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Quote:
Originally Posted by SheetWise View Post
Intuitively, if there is a lottery that has one million numbers at $1 each you can purchase all numbers for $1,000,000 and be a guaranteed winner -- but there is no way you can distribute $200,000 a week for five weeks and have a guaranteed win.
Chance is 67%, a bit more than I guessed first. And obviously the aggregate numbers used don't have to cover every number, it doesn't matter.

I'm wondering, in your scenario does the chance to split change at all? I think not.
NewOldGuy is offline   Reply With Quote
Old 07-04-2012, 09:27 PM   #7
Carpal \'Tunnel
 
BruceZ's Avatar
 
Join Date: Sep 2002
Posts: 8,956
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Quote:
Originally Posted by NewOldGuy View Post
Chance is 67%, a bit more than I guessed first.
If the chance is 1/n and you do it n times, the probability has to be greater than 1 - 1/e which is about 63.2%. It converges to that pretty quickly, but it's higher for small n. For n=2 it's 75%.

Last edited by BruceZ; 07-04-2012 at 09:33 PM.
BruceZ is offline   Reply With Quote
Old 07-04-2012, 10:49 PM   #8
Pooh-Bah
 
SheetWise's Avatar
 
Join Date: Jul 2005
Location: Phoenix
Posts: 4,677
Re: Chances of winning the lottery; buying more tickets in one week vs playing one ticket pw

Quote:
Originally Posted by BruceZ View Post
Right. Happy Mutually Exclusive Day.
And to you and yours
SheetWise is offline   Reply With Quote

Reply
      

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 12:10 AM.


Powered by vBulletin®
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.
Copyright © 2008-2010, Two Plus Two Interactive