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Win The Lotto With Statistics

Using statistics and calculating odds can be very interesting but sometimes useless. A wonderful example of this would be the fact that 85% of people live north of the Equator. Another example is that only 12% of people who set New Year’s resolutions will stick to them.

The chance of winning the lottery is roughly 14 million to 1. So what do you think the odds of winning it twice is? Well a Navy war veteran who survived a jet crash and escaped a P.O.W. camp in Korea got really lucky when he won it twice! What do you think the chance of that occurring is?

What would you believe of a guy who earned a regular working man's salary but spent most of it on lottery tickets? Well there is a New York guy who does just that. In the desire, and false belief, that he could win a big prize simply by purchasing extra random tickets Mr. Otero spent a whopping $30,000 a year on lottery tickets!

The fact is that statistically, purchasing more tickets that are selected randomly and not using a mathematical technique does not increase your odds of winning a prize in the lottery at all!

Statistics can tell us some bleak things. For instance, if someone buys a UK lottery ticket on a Monday, for a weekend draw, they are more probable to be deceased when the draw takes place than they are of winning the jackpot prize!

This unfortunate statistic is spot on because you have a 14,000,000 to 1 chance of winning a jackpot on a 6 from 49 draw and the probability of being hit by lightning or killed by lightning are roughly 2650000 to 1. These low chances apply to every ticket you buy. So just because you have 100 tickets it doesn't imply you have a greater chance of winning! 

Nevertheless, when you use statistics, probability and chances with the lottery something very curious happens to the statistics. Lottery wheeling, for example, is a remarkable way to increase your chances of taking home a top prize in the lottery.
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When you pick an extra number, so that you pick 7 numbers rather than 6, and then "wheel" so that all numbers end up on a ticket together, 2 things happen. You have to buy more tickets thus your lottery stake money goes up. But, a curious thing takes place - your chances of winning go up by leaps and bounds.

When you employ wheeling in a 6 from 49 draw, like the UK lottery, and use 7 numbers instead of 6 the odds of winning are cut from 14 million to 1 down to half a million to 1 - with just 1 extra number and a £28 stake!!

So, if Mr. Otero had only betted on a 6 from 49, or similar type of lottery, and wheeled his numbers he may well be a very wealthy man by now.