Just thought of a crazy idea.
20 people invest in a System 20 lotto entry and try and win lotto!
Each person picks a number. Its so random- like lotto- it'll work!
Approx. $1,200 each person
Hmmm ... not so crazy, Paulow ... just too expensive for most people here, though I can only speak for myself.
Here is a run-down of the costs for systems entries, from TattsLotto Qld:
System 20: ..... $24,327.25
System 19: ..... $17,040.00
System 18: ..... $11,650.90
System 17: ..... $ 7767.25 .......... Probably better off getting a syndicate together
System 16: ..... $ 5029.10 .......... to take a few First Fours - you have a much better
System 15: ..... $ 3141.80 .......... chance to at least take out a few $$$.
System 14: ..... $ 1881.80
System 13: ..... $ 1077.80
System 12: ..... $ 580.35
System 11: ..... $ 290.20
System 10: ..... $ 132.00
System 9: ..... $ 52.80
System 8: ..... $ 17.65
System 7: ..... $ 9.30
There are all sorts of possibilities one can deduce from such a table, but one can NOT deduce that any system bet has more opportunity of taking out first prize than any other.
Because it only takes ONE number to miss, and you are up that famous creek without a cake of soap and a towel!
Now the laws of chance state (somewhere) that the probability of nailing the first division will increase according to the number of combinations played. They do not state anywhere that you WILL take out the #1 division.
So the best we can hope for is to have a bit of fun.
I did note that by dropping a couple of numbers off - from 20 to 18 - the cost of the ticket decreased from $24,327.25, to $11,650.90. Of course, the possible combinations that you also drop, are the reason - as DD often says: "Ya only get what ya pay for."
Apologies if DD didn't say that, but if he didn't, then he SHOULD have!
Anyway ... Murphy's Law will always conspire to defeat those who have the most hope, and the least maths!
Here's a bit of a sad Lotto story: Few years back - 2001 I think - there was a Powerball jackpot of $30mil.
I organised a syndicate in my workplace, and raised $235 in $5 entries. I purchased shop syndicate entries wherever I could find them, as well as our own system entries (we stated this would be the case in the initial rules) and finished up cashing the rest of the kitty on a few single entries of 6 or 12 games, from memory.
The night of the big draw, and we were primed with about 430 games (again, from memory - entries were about 55 cents then compared to around 66 cents today).
The next day we checked through, and won the amazing total of $35, which went on subsequent Saturday night games until it was totally burned.
Some couple in Perth picked up the $30mil on their own, with a 6-game ticket - around $3.30. The winner saw an advert for lotto while waiting at the traffic lights on his way home from work, and decided to grab an entry. He only just got to the newsagent, as folklore would have it, in time to get the entry before closing.
Moral of the story - never purchase lotto, unless you are waiting in traffic, and spot an advert for the draw!
Apparently it works!
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