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RE: How Steem can help you win $1,000s on the Lottery!
@matrioshka This is a great post! But I'm reminded of the old saw "A lottery is a tax on people who are bad at math."
You're not exactly wrong, but the lottery is a stochastic process and winning or not winning does not change your odds in the next go round.
However buying up a substantial number of tickets using a statistical distribution model, might :D
Thanks very much, glad you liked it. Greatly appreciate your vote, and cheers for the feedback.
Agree with what you're saying. Its not like drawing cards out of deck so that your chance of drawing the Jack of Hearts out of the remaining cards increases every time, and you know that if you draw 52 cards you will eventually get it. So yes, the chances of the first ticket you buy giving you a jackpot are exactly the same as your chances of the 292,201,338th ticket doing it, and there is absolutely no guarantee that you will ever get a jackpot if you buy 292,201,338 tickets, or in fact however many you buy, be it 1 billion, 10 billion, 100 billion or more. As you say, in the case of the lottery the odds can only give you an indication of your chance every time you play.
And for that reason, I'm out! :-D