Two Plus Two Publishing LLC Two Plus Two Publishing LLC
 

Go Back   Two Plus Two Poker Forums > General Gambling > Other Gambling Games

Notices

Other Gambling Games Discussion about other gambling games.

Reply
 
Thread Tools Display Modes
Old 06-30-2012, 05:28 PM   #1
enthusiast
 
Join Date: Sep 2010
Location: UK
Posts: 67
Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

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, 08:43 PM   #2
Pooh-Bah
 
SheetWise's Avatar
 
Join Date: Jul 2005
Location: Phoenix
Posts: 4,677
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

I agree with your friend, assuming you're buying different numbers -- you should take this over to General Gambling > Probability for more information.
SheetWise is offline   Reply With Quote
Old 06-30-2012, 10:34 PM   #3
journeyman
 
Join Date: May 2012
Posts: 383
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

Assuming the same lottery and for example a 1/1000000 chance of winning for theory's sake:

5 different numbers one week:
1/1000000 + (999999/1000000 * 1/1000000) + (999998/1000000 * 1/1000000) + (999997/1000000 * 1/1000000) + (999996/1000000 * 1/1000000) = 4.99999 × 10-6 =~ 0.000004999 or 0.0004999% (4.999 in a million)

5 weeks with one ticket each week:
1/1000000 * 5 = 0.000005 or 0.0005% (5 in a million)

Your friend is correct. Although as far as the realities of playing and real odds go, you have pretty much about the same chance of winning with either way, or for that matter about the same chances as when not buying tickets at all.
MidniteToker is offline   Reply With Quote
Old 07-01-2012, 03:22 AM   #4
journeyman
 
Join Date: May 2012
Posts: 262
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

the interest you make on the money from only doing 1 per week might outpace the expected value you gain by doing it all in one week
shuffling is offline   Reply With Quote
Old 07-01-2012, 03:25 AM   #5
journeyman
 
Join Date: May 2012
Posts: 262
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

only doing 1 per week also leaves open the possibility that you'll die partway through and not get to buy those 3rd, 4th or 5th tickets, which is a nice way to maximize your EV
shuffling is offline   Reply With Quote
Old 07-02-2012, 02:54 PM   #6
Pooh-Bah
 
jmark's Avatar
 
Join Date: Dec 2003
Location: US
Posts: 3,609
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

Mega Millions has 175 Million possible combinations. If you bought all 175 million combinations you are 100% guaranteed to win. If you bought 1 ticket a week for 175 million weeks you only have a 63% chance to have won after that time.
jmark is offline   Reply With Quote
Old 07-02-2012, 06:18 PM   #7
Carpal \'Tunnel
 
punkass's Avatar
 
Join Date: Oct 2002
Location: hip deep in pie
Posts: 8,770
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

But you have the chance to win multiple times.
punkass is online now   Reply With Quote
Old 07-09-2012, 02:42 PM   #8
veteran
 
Join Date: Mar 2009
Location: In the wires
Posts: 2,255
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

Quote:
Originally Posted by punkass View Post
But you have the chance to win multiple times.
That 63% number IS the chance to win one or more times. Not just exactly once.
NewOldGuy is offline   Reply With Quote
Old 07-14-2012, 09:38 AM   #9
PBG
newbie
 
Join Date: May 2012
Posts: 18
Re: Lottery; buying several tkts in one wk vs playing one tkt a week over consecutive wks

I've always wondered this. Not that I play the lottery anyway.. Biggest win was like $25 after 2 years of playing
PBG 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 08:30 PM.


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