The rule 4. Start on time
PowerBall Lottery Ticket, by the way, worth 2 dollar. To calculate the benefits, which would pay off the purchase of a ticket, you need to multiply the ticket price by 292 201 338.
More about calculations. This is a reference to the first point., where it says, that the benefit of a solution is equal to its value, multiplied by the probability. If we have an event with probability 1 / X and value N, then the benefit will be N / X. We spend 2 dollar and we can count, how much the win would pay off the ticket purchase:
- 2 = N ÷ X.
- N = 2 × X, and X here is just equal 292 201 338, as shown by the calculations from the previous part.
You also need to take into account taxes (discover, what percentage of the declared amount will actually go to the winner, usually it's about 70%). That is, the jackpot must be at least 850 million dollars, and this happens in this lottery. How so, I said at the beginning, that the gain in such a multiplication is always not in favor of the player?
The fact, what if the jackpot has not been drawn, then it goes next time, and that's why money accumulates for a while, and ticket sales continue.
But it is impossible to find out in advance. However, you can start buying tickets, as soon as the size of the jackpot exceeds the mentioned amount. In such a situation, mathematically, the game will be beneficial.
You can still understand, which is more profitable: buy many tickets for one game or buy one ticket for many games? Let's think.
In probability theory there is a concept of unrelated events. It means, that the outcome of one event does not affect the outcome of another. for example, if you roll two dice, then the falling numbers on them are not related: in terms of randomness, one die does not affect the behavior of the other. But if you draw two cards from the deck, then these events are connected, because the first card depends on, what cards will remain in the deck.
A popular misconception about this is called a player error.. It arises from a person's intuitive idea of the connectedness of unrelated events.
Returning to lotteries: different games are unrelated events, because the sequence of balls is re-selected. So the chances of winning any particular lottery do not depend on whether, how many times have you played it before. It is very difficult to accept intuitively., because a person every time, buying a ticket, thinks: “Well, now you're lucky, how long to, I've been playing a lot of time!" But no, probability theory is a heartless thing.
But buying multiple tickets for one game increases your chances proportionally, because tickets inside one game are tied: if one wins, means, other (with another combination) definitely won't win. Purchase 10 tickets increases the chances of 10 time, if all combinations on the tickets are different (in fact, almost always it is). In other words, if you have money for 10 tickets, it's better to buy them for one game, than buy with a ticket to 10 games.
If you just take a ticket from your salary once a month for the sake of, then, likely, the process of playing matters to you. Mathematically, it is more profitable to save this money and buy immediately at the end of the year 12 tickets, although, of course, losing in such a situation will be perceived more devastating.
The most profitable lotteries in Russia, CIS countries and in the world
The most common, the following are considered popular and profitable lotteries in the Russian Federation:
1. The slogan, which in turn is divided into three types of lotteries:
Benefits of the game: high profitability, quick payback, significant reserve fund, stability of payments over 7 years, 24/7 support. Why put off until tomorrow, what can you earn today?
1.1 Gosloto "5 out of 36";
1.2 Gosloto "6 out of 45";
1.3 Gosloto "7 out of 49";
2. Keno sports;
3. Russian Lotto;
4. Golden Key Lottery;
5. Sportloto 6 of 49.
Each of the above lotteries throughout their existence allows people to receive well-deserved prizes in the amount of several million rubles. Also, these lotteries accumulate huge amounts of jackpots every year, which are raffled off in distributions.
Some of the most common foreign lotteries are::
- Euro Jackpot;
- New York Lotto;
- Euro Millions;
- Mega Millions.
Partly, each state lottery abroad collects huge amounts of winnings annually. Keep in mind, that you get the opportunity to win right now 74 000 000 euros, by taking part in the La Primitiva lottery, which is held in Spain. On 2017 year you can hit the jackpot without leaving home, by joining the lotteries online.
Remind, that Jackpot.com, which we already met at the beginning of the article - this is the most popular Internet service, which allows everyone to bet on the results of popular lotteries, which are held all over the planet.
Euro Millions runs its prize draws exclusively on the fifth day of the week – friday. People from such countries take part in this project, like Austria, Belgium, France, Ireland, Luxembourg, Portugal, Spain, Switzerland, and of course the USA. The winning amount is based on the rates, which were made in each of the above countries, and the super prize starts from 15 000 000 euros.
If this Friday the jackpot has not found its lucky owner, then it must be played next Friday. The largest winning amount is the amount in 115 000 000 euros, and the largest jackpot amount is 183 000 000 euros. That is why the Euro Millions lottery is one of the most popular lotteries around the planet Earth..