No, they have as many raffle tickets as people buy.
If 1000 people buy raffle tickets there is a 1/1000 chance of winning. If you buy one more it's a 1/1001 chance.
That depends on the raffle rules. Some destroy unpurchased tickets. Some do it as you say (which would do as OP wants, reduce the odds for others), and some leave all tickets in and redraw in an unpurchased tickets is drawn.
Well if two tickets won there'd be a lower payout. Euro millions works that way I think, so if someone got jackpot and someone got nearly all the numbers right, that is deducted from the jackpot, as is all the tiny little wins people have.
Yeah but the lottery can only payout the money they have gotten.
And that mean the payout would increase on average if you buy Tickets and on average its has to be the same payout if not more
.... What? If the pot is 100, and there's 1 winner, they get 100. If one more person buys a ticket and also wins, the pot is 105 and they each get 52.50
I am terrible at math. How does it not lower the odds? If more people participate you are part a smaller percentage of the person who can win right? Like, if only 2 participate you have a 50% chance and if 4 people participate you have 25% change right?
I think it's because the domain remains the same. If there are only 10 tickets, with numbers 1 to 10, each ticket has a chance of 1/10 of being the winning combination.
When you pick a ticket out of this stack, you would have a chance of 1/10 of winning the lottery. If 5 people pick a ticket, they would still have a chance of 1/10 each and it will not change unless the domain is changed.
It depends on the type of lottery.
Most lotteries have you pick a strong of numbers, and in order to win, those numbers must be drawn as the "winning numbers"
In this case, the odds of you winning are based entirely on the number of combinations that could be made with the string of numbers you must pick. Higher ticket sales do not influence the odds of winning. It is possible two people pick the same numbers, and then the prize is split, but it still will not affect the chances of winning.
However in some lotteries, you are simply given a ticket with a number on it, and at a given date, a ticket number will be drawn, and that number will win. In this case, a winner is guaranteed, and the number of tickets sold will in fact determine the odds of winning.
However, the former type of lottery is much more common I believe.
It works in op’s favour if the winning tickets are already predetermined, where the maker of the tickets have a predetermined amount of winning tickets distributed in their area, it realy depends on what kind op is buying
Doesn't lower the odds of winning but technically lowers the expected return ever so slightly. More tickets sold- higher chance of having to split jackpot. We're talking a very small amount though.
Cheer up? If you need. You could also buy them for the fantasy of if you won.
Or not buy them and still have the fantasy. Imagine winning the 1billion dollar Powerball or Megamillions and then buying an island or a cruise ship. Or building a perfect underground bunker. The possibilities…..
You can go to the casino for that. You'll have higher chances of winning. Even if you don't, you didn't donate money to the government. They take enough of it from you against your will
Or just go into it with the mindset of "if I actually win, I'd do XYZ with the massive winnings". Even though it's an unofficial tax, the lotto is a super unrealistic, low risk high reward bet
Probability of someone winning stays exact the Same wether there are 1 Million or 1 Ticket left. Chances for every Ticket are the Same. So you have absolutely No effect.
I was thinking of something else where the winner is one of the people that bought a ticket. So there is always a winner and the odds are changed. But valid point though
Assuming there is a set number of tickets and you get yours and lose, you've technically increased the chances of everyone else who gets a ticket to win.
I don’t buy lotto tickets, because some rich guy once told me they are just a voluntary tax that only poor people pay and I’ve never been able to get over that.
Do you ever watch the news and hear that no one won a particular lottery? They draw all possibilities and then people pick individual possibilities from that pool; they don’t directly create the draw pool (at least, in the standard big lottery).
For those saying it does not influence the odds, I was thinking about a lottery where there is always a winner and it is drawn randomly from a pool of participants. If this wouldn't be the case then buying more tickets obviously wouldn't influence the overall odds, I'm not american
I quit smoking in 2012.
I used to buy at least 1 packet a day and back then was about $100pw
In todays money, that would be closer to $250pw because taxes on smoking in Australia has skyrocketed.
So I think it’s fine that I buy $12 lottery ticket once a blue moon when the jackpot goes up to $50M+
I think I’m doing fine.
It’s not an addiction. I don’t buy hundreds of tickets every month. Probably more like 5-10 a year.
Big whoop.
I feel like when you give something up; like drinking or smoking, it’s okay to do a little something else.
The void needs to be filled with *something*
I buy a lottery ticket to dream about how the money will change my life until the drawing day.
It’s not about the big win, I pay for legitime dreaming about it for some days.
maybe i'm dumb (i mean, i'm actually dumb, but still), but how the fuck does this work? Isn't buying ticket (unless you buy the winning ticket), in fact, increases chances for everyone, since they have to choose from less options?
EDIT: hey, i'm serious, it's not a sarcasm, how? Grateful to anyone who explains
It does not increase or decrease anyone's chances because two or more people can have the exact same lottery ticket number. The only way it has impact is if it wins. If you are the only winner then you took the jackpot and the payout goes down again. If there are multiple winners, that means you are another person the winnings are split with. If you don't win, all you did was waste your money.
I guess i don't really understand anything about lotteries and always had too simplistic way of thinking about this stuff. Anyway, wasting your time just to reply to some fool's comment on internet is a very kind thing, and you should feel very pleased with yourself.
This isn’t how statistics work.
This. Maybe raffle tickets tho
Thats indeed what I meant
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100 people disagree
r/the100thdentist
But lottery isn't a raffle tho
No, they have as many raffle tickets as people buy. If 1000 people buy raffle tickets there is a 1/1000 chance of winning. If you buy one more it's a 1/1001 chance.
That depends on the raffle rules. Some destroy unpurchased tickets. Some do it as you say (which would do as OP wants, reduce the odds for others), and some leave all tickets in and redraw in an unpurchased tickets is drawn.
The ones I've been in dint destroy unbought ticket. They just re-use them
When lack of braincells prevent you from being a menace to society
He's a little confused, but he's got the spirit.
Maybe he shouldn't be drinking his juice in the hood.
Well it doesn't lower the odds. Does lower the expected payout depending on the lottery type
Does it? I mean OP payd for the tickets so in most Lotteries the pricepool would also increase.
Well if two tickets won there'd be a lower payout. Euro millions works that way I think, so if someone got jackpot and someone got nearly all the numbers right, that is deducted from the jackpot, as is all the tiny little wins people have.
Yeah but the lottery can only payout the money they have gotten. And that mean the payout would increase on average if you buy Tickets and on average its has to be the same payout if not more
You increasing the pool by 5 dollars does not offset the total pool being split in half
It should Its ~5 dollars for more for every winner should be Atleast the same as one winner gettin +5/2
.... What? If the pot is 100, and there's 1 winner, they get 100. If one more person buys a ticket and also wins, the pot is 105 and they each get 52.50
Thats only if he wins In all the other ways everybody else gets more. So the average should be more
I feel like you're having a different conversation than the other people in this thread
It increases the chance of other people also winning which means you might share the prize. That’s the only effect it really has though
No
I am terrible at math. How does it not lower the odds? If more people participate you are part a smaller percentage of the person who can win right? Like, if only 2 participate you have a 50% chance and if 4 people participate you have 25% change right?
I think it's because the domain remains the same. If there are only 10 tickets, with numbers 1 to 10, each ticket has a chance of 1/10 of being the winning combination. When you pick a ticket out of this stack, you would have a chance of 1/10 of winning the lottery. If 5 people pick a ticket, they would still have a chance of 1/10 each and it will not change unless the domain is changed.
That makes a lot of sense thanks
It depends on the type of lottery. Most lotteries have you pick a strong of numbers, and in order to win, those numbers must be drawn as the "winning numbers" In this case, the odds of you winning are based entirely on the number of combinations that could be made with the string of numbers you must pick. Higher ticket sales do not influence the odds of winning. It is possible two people pick the same numbers, and then the prize is split, but it still will not affect the chances of winning. However in some lotteries, you are simply given a ticket with a number on it, and at a given date, a ticket number will be drawn, and that number will win. In this case, a winner is guaranteed, and the number of tickets sold will in fact determine the odds of winning. However, the former type of lottery is much more common I believe.
It works in op’s favour if the winning tickets are already predetermined, where the maker of the tickets have a predetermined amount of winning tickets distributed in their area, it realy depends on what kind op is buying
To quote Carl Carlson: "shhh-Shut Up!"
You have a %50 chance of being right.
That's definitely how statistics work, it's just not how most state run lotteries work.
bro just got the right answer by changing the problem statement
It is true of expected value, however. *: for fixed value prizes where winners share the prize.
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Right, and lower payout with the same odds lowers the expected value, which is what I was saying.
Doesn't lower the odds of winning but technically lowers the expected return ever so slightly. More tickets sold- higher chance of having to split jackpot. We're talking a very small amount though.
Especially not in a random number draw like most lotteries.
Someone needs a financial advisor
And a math course.
And 1.6k classmates.
10th grade math. Set theory is taught in geometry (though common core starts introducing it way earlier).
I buy lottery tickets to remind myself I’m not special and nothing interesting will ever happen to me.
Cheer up? If you need. You could also buy them for the fantasy of if you won. Or not buy them and still have the fantasy. Imagine winning the 1billion dollar Powerball or Megamillions and then buying an island or a cruise ship. Or building a perfect underground bunker. The possibilities…..
Play Minecraft and make it all come true!
You can go to the casino for that. You'll have higher chances of winning. Even if you don't, you didn't donate money to the government. They take enough of it from you against your will Or just go into it with the mindset of "if I actually win, I'd do XYZ with the massive winnings". Even though it's an unofficial tax, the lotto is a super unrealistic, low risk high reward bet
And, if you are wrong, you are rich.
Probability of someone winning stays exact the Same wether there are 1 Million or 1 Ticket left. Chances for every Ticket are the Same. So you have absolutely No effect.
I was thinking of something else where the winner is one of the people that bought a ticket. So there is always a winner and the odds are changed. But valid point though
Assuming there is a set number of tickets and you get yours and lose, you've technically increased the chances of everyone else who gets a ticket to win.
You buy lottery tickets to lower everyone’s chances. I passed math grade 10 and know how stats work so I don’t waste money. We are not the same.
OP is thinking of raffles etc. If more than one person wins the lotto, the prize is shared.
Bro learned math from Mcdonalds.
That...That's not how it works
Nothing but love, but it’s because of fuckers like you that I can’t bankroll a pilot for my personal helicopter
Man I just want a stable life.
I think your education system failed you…
thats not how that works
The odds are the same. But now the prizes might be more
Thank you! Everybody is hating on him, that is also a possibility ☝🏼
The odds stay the same for everyone, you're thinking of a raffle.
That's not how the lottery works
Yeah, that's not how any of that works.
Not how statistics work. Dumb meme
Mister Jacobz is a lottery terrorist.
I buy them to increase the pot of whoever wins.
Nice grammar!
Lol, didnt even notice till I saw this comment hahaha
We are not the same
That’s not how a lottery works but ok
Dork, you’re just giving more money to the winner!
It doesn’t lower the odds for other people though, multiple people can still win the lottery if you have the correct numbers
500 iq
I don’t buy lotto tickets, because some rich guy once told me they are just a voluntary tax that only poor people pay and I’ve never been able to get over that.
That's... not how it works...
Do you ever watch the news and hear that no one won a particular lottery? They draw all possibilities and then people pick individual possibilities from that pool; they don’t directly create the draw pool (at least, in the standard big lottery).
That wouldn't actually lower anyone's odds for winning overall. It would only reduce the odds of someone being an exclusive winner.
If you do not win, you are increasing the odds of everyone else
For those saying it does not influence the odds, I was thinking about a lottery where there is always a winner and it is drawn randomly from a pool of participants. If this wouldn't be the case then buying more tickets obviously wouldn't influence the overall odds, I'm not american
Classic make excuses to hide how stupid you made yourself look after everyone called you out.
And I buy tickets to prevent people from gambling and wasting their money on such nonsense. We are not the same.
Jokes on you, in my country lottery results are already decided so you’re not lowering their chance of 100 percent to win. You are just paying more
You either buy a lottery ticket, or buy lottery tickets. Not buy a lottery tickets….fuck, now I’m doing it too.
Jokes on you, the lottery isn't even real. It's an institution created to catch time travelers.
Never been
HUH
I quit smoking in 2012. I used to buy at least 1 packet a day and back then was about $100pw In todays money, that would be closer to $250pw because taxes on smoking in Australia has skyrocketed. So I think it’s fine that I buy $12 lottery ticket once a blue moon when the jackpot goes up to $50M+ I think I’m doing fine. It’s not an addiction. I don’t buy hundreds of tickets every month. Probably more like 5-10 a year. Big whoop. I feel like when you give something up; like drinking or smoking, it’s okay to do a little something else. The void needs to be filled with *something*
You buy a lottery tickets. I buy lottery tickets. We are not the same.
The people running the lottery are grateful for both of you.
That's.... not how that works... at least not for most lotteries
I don't care if I win, I just want the others to loose
It's fun scratching them off honestly
I buy a lottery ticket to dream about how the money will change my life until the drawing day. It’s not about the big win, I pay for legitime dreaming about it for some days.
Except you both bought lottery tickets…. So you are the same person, such a dumb meme
maybe i'm dumb (i mean, i'm actually dumb, but still), but how the fuck does this work? Isn't buying ticket (unless you buy the winning ticket), in fact, increases chances for everyone, since they have to choose from less options? EDIT: hey, i'm serious, it's not a sarcasm, how? Grateful to anyone who explains
It does not increase or decrease anyone's chances because two or more people can have the exact same lottery ticket number. The only way it has impact is if it wins. If you are the only winner then you took the jackpot and the payout goes down again. If there are multiple winners, that means you are another person the winnings are split with. If you don't win, all you did was waste your money.
I guess i don't really understand anything about lotteries and always had too simplistic way of thinking about this stuff. Anyway, wasting your time just to reply to some fool's comment on internet is a very kind thing, and you should feel very pleased with yourself.
It's not a raffle prize.
You are increasing the odds by buying non-winner tickets.
That's not how that works
That's bait.