I am not actually going to do it .. lol was just wondering
Back in the early 80’s when the Canadian 6/49 jackpot first reached $14,000,000 the papers wrote about how people mortgaged their houses to buy tens of thousands of tickets simply because the expectation calculations then appeared to nudge slightly into the positive (it actually didn’t but people tend to make erroneous assumptions when doing these calculations), many of these people trusted the calculations because they would make multi-million dollar decisions in their business life on similar calculations on similarly slim expectations though not nearly as slim odds. Well, not a single one of them won the jackpot but they all did wind up with a second mortgage on their hands.
Yeah, you have a good chance of winning. In fact you’ll almost certainly win something. The question is how much you will win.
I’d bet that with $1000 worth of tickets you should at least score $7 for getting three numbers. You may even win this way multiple times, and take home $28 on a $1000 investment.
The only way you can guarantee your win is you buy 100% of the tickets. If $1000 worth of tickets were bought at a dollar a piece and the lottery pot was say 1 billion dollars then you would have hardly any chance at all to win, but if you bought 500 million of those tickets you would have a 50% chance of winning.
You have 1000 more chance to win the lottery, if you buy 1000$ worth of lottery tickets (considering the place you buy it at has enough tickets on sale) which is not a lot considering the millions of tickets in game, and even if you win you will probably have made less money than what you invested.
Just do the math.
PowerBall – your chances are 1 in 195,249,054. If you buy $1,000 worth of tickets, now your chances are approximately 1 in 195,249. Feel like torching a grand on those odds?
How about an easier lottery? How about a Lotto style drawing with only 44 balls. MUCH easier to win the jackpot than PowerBall. This one is a mere 1 in 7,059,052 to win. If you buy $1,000 worth of tickets, now your chance to hit the jackpot is around 1 in 7,059!
As far as chances to win jackpots go, this is a very good chance. But again – are you really going to torch a grand at a 1 in 7,059 shot? Of course not.
Hell No but I would give 40 million dollars to a charity rather than buying that many lottery tickets because giving is good for the soul when it is a good cause.
If that were true, there would be a lot of people buying 1000 tickets to win 200 million. In reality, you’re just flushing $1000 down the toilet.
Considering there are probably a billion combinations, buying a thousand tickets will increase your chances by .00001%
No…your chances would be better than if you had just one ticket…but still not anywhere near “good”.
No! You can get a million and still may not win. The odds are against you.