Your Lucky Lottery Numbers

September 10, 2024

To understand why some numbers are “luckier,” than others you have to understand event-odds and investment-odds. Suppose you bet on a number on a roulette wheel in your local casino. With 38 numbers on American wheels, you have a 1-in-38 probability of your number being the one that comes up, so we would say that the event-odds, which refer to the probability of a best casino bonuses UK specific event happening, are 1-in-38. Except in the case of biased wheels, they will be the same for every roulette game.

Now, what if a casino paid you 40-to-1 when your number won? They normally pay 35-to-1, so which casino would you like to place your bets at if there were several to choose from? Perhaps the one that pays more? Even though the odds of your number winning haven’t changed, you get paid more when you win. You have better investment-odds at that casino, because the relationship between the event-odds and the amount you win is more in your favor. Now you understand investment-odds.

Don’t worry about the calculations necessary to demonstrate this for now. The principle is what’s important. If the event-odds are the same, but the payoff is higher, you have better investment odds. How does this relate to lucky lottery numbers?

Your Best Lottery Numbers

 

This is easier than simple math. In fact, no math skills are required.  You just have to understand why some lottery numbers pay more on average than others when they come up. But how can this be true?