Shopping Discussion

Buying lottery the smart way

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  • Jul 7th, 2022 6:15 pm
Deal Guru
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Mar 9, 2007
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Think of the Childre…
It's all LUCK I would say...

WOULD SOMEBODY THINK OF THE CHILDREN!!!
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Jun 16, 2009
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newsun wrote: There's even a book on the smart way to play Pick 4!

https://www.amazon.ca/Pick-Lottery-V-I- ... B00T86E7K6
Pick 4 Lottery: The V.I.P System (Win Box And Straight Hits)
By Hans A. Adhemar

Image
Great reading when coupled with this:

The Flat-Earth Conspiracy https://a.co/d/34eQwja
41OPv+MxLzL._AC_SY1000_.jpg
Actually, the book I listed has 4.5 stars and way more reviewers compared to your choice. Think I'll trust my chances on the earth being flat than winning the lottery Face With Tears Of Joy
c'mon get happy!
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Dec 23, 2015
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oilerfan89 wrote: For every article you can post of someone finding a rare flaw in the system they managed to pump, there's a million more people who lost their homes or incurred massive debts they will never crawl out from under.
OK? So because most people fail nobody should ever even attempt to solve a game? While I agree that most people don't have what it takes to beat the house or even parimutuel games of chance, you are sadly mistaken if you think that " the house always wins ". Just because the overwhelming majority of people would be best served by not gambling doesn't means nobody has ever come up with mathematically proven ways to beat various games.

The interesting thing about the Jerry Selbee is that he wasn't using a complex mathematical system . In fact literally millions of people would have had the capacity to solve this lottery but didn't because they probably believed that it wasn't worth investigating because someone once told them "the house always wins".

P.S. I am not suggesting the OP of this thread is playing "the smart way".
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Sep 21, 2017
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Vancouver
newsun wrote: No, I don't mean the store displaying the remaining prizes. But as you pointed out, it looks like BCLC do list the remaining prizes on their website (I didn't realize there is a link for showing remaining prizes). The only difference is Maryland Lottery makes it easy to look up and discover the remaining prizes while BCLC has all scratch-and-win tickets remaining prizes lumped all together on that single page. Buying scratch-and-win tickets is just for fun, to past time while outdoors waiting, etc. If only BCLC display the remaining prizes just like how Maryland Lottery does it, click on a specific scratch-and-win ticket of interest and the list of remaining prizes is shown.

Good find on the BCLC link that list the remaining prizes.
I mean you can search by ticket or price point and filter by prize amount and how many winning tickets are unclaimed. So its super easy to find out how many prizes are unclaimed on a specific ticket, For example triple millions the $30 ticket has none of the top prizes remaining so obviously I wouldn't buy that.
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Aug 18, 2005
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Whatever you were going to play on the lottery, just put half that amount into charitable donations, and keep the other half.
Take the tax deduction for charities, and in the end, you'll come out ahead versus putting it all in the lottery.

The lottery is one way governemnts collect tax from the ~50% of the population that 'does not pay' income tax.
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[OP]
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Feb 22, 2013
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funcanuck wrote: I mean you can search by ticket or price point and filter by prize amount and how many winning tickets are unclaimed. So its super easy to find out how many prizes are unclaimed on a specific ticket, For example triple millions the $30 ticket has none of the top prizes remaining so obviously I wouldn't buy that.
That's true. The only issue is it wasn't obvious. When I first read the CNN news and went to the Maryland Lottery, I click on a ticket of interest and there is a link right on that ticket to see the remaining prizes. That wasn't the case for BCLC. Only after you pointed that out, I realize BCLC does provide information about remaining prizes but not on the ticket itself, instead on a dedicated link for remaining prizes. Maybe this is done on purpose as if the remaining prize is shown on the ticket itself like how Maryland Lottery does it, who would want to buy a Set-for-Life ticket if there are no more top prize left.
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Jucius Maximus wrote:
The lottery is one way governemnts collect tax from the ~50% of the population that 'does not pay' income tax.
I didn't know corporations bought lottery tickets.
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[OP]
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Feb 22, 2013
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Jucius Maximus wrote: Whatever you were going to play on the lottery, just put half that amount into charitable donations, and keep the other half.
Take the tax deduction for charities, and in the end, you'll come out ahead versus putting it all in the lottery.

The lottery is one way governemnts collect tax from the ~50% of the population that 'does not pay' income tax.
That's what some people claimed, lottery is another form of tax. While it is a good idea to put half into own pocket and half into charity, what you are missing out is the chance to have a windfall. This gentleman from Surrey will say "No way! I'll buy my ticket". Besides what's $1.50 got to do for you while the other $1.50 goes to charity. $1.50 can't even buy a cup of coffee. Might as well buy a $3 Lotto 6/49 ticket and let the charity gets $3.00 instead of $1.50.

Image
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newsun wrote: That's what some people claimed, lottery is another form of tax. While it is a good idea to put half into own pocket and half into charity, what you are missing out is the chance to have a windfall. This gentleman from Surrey will say "No way! I'll buy my ticket". Besides what's $1.50 got to do for you while the other $1.50 goes to charity. $1.50 can't even buy a cup of coffee. Might as well buy a $3 Lotto 6/49 ticket and let the charity gets $3.00 instead of $1.50.

Image
The whole reason they post articles like this is so people will emotionally justify their $3.00 lotto purchase because they think there's a tiny chance they'll win millions.

The only winner of the lottery is the government coffers. If it didn't make them money, they wouldn't offer it.
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[OP]
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Feb 22, 2013
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Jucius Maximus wrote: The whole reason they post articles like this is so people will emotionally justify their $3.00 lotto purchase because they think there's a tiny chance they'll win millions.

The only winner of the lottery is the government coffers. If it didn't make them money, they wouldn't offer it.
That's not the reason. The reason the story is there with the winner's name and photo is for transparency and integrity.

And they do publicize that the odds of winning 6/49 is 13million and Lotto Max is 33million. That's really very tiny. It's not like they don't tell you only a few lucky individuals can win. But people buy them for a chance to have a change in life. The money they made from lottery goes to support the community. You can request for their financial statements to see where the money goes.


Why does BCLC publish information about lottery winners?

It all comes down to transparency and integrity:
  • we want to be transparent with the public and all lottery players;
  • we want to promote the integrity of our games, promotions and contests by demonstrating BCLC pays out to the rightful winner; and
  • we want to effectively market lottery products and fulfil BCLC’s mandate to the Province of British Columbia.
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newsun wrote: That's not the reason. The reason the story is there with the winner's name and photo is for transparency and integrity.

And they do publicize that the odds of winning 6/49 is 13million and Lotto Max is 33million. That's really very tiny. It's not like they don't tell you only a few lucky individuals can win. But people buy them for a chance to have a change in life. The money they made from lottery goes to support the community. You can request for their financial statements to see where the money goes.
The transparenty item is a good point, though they also admit in your quoted text that it's for marketing.
And marketing is the reason why they odds are never printed as big as the prize pot.

I used the nerdwallet calculator to do the math.
If you invest $100/month from age 18 to 65, at the historical average stock market return of 10%, you'll have $1.29 Million every single time. IDK why a logical person would spend money on the lottery when they could be a millionaire through some autopilot investments.
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Jucius Maximus wrote: The transparenty item is a good point, though they also admit in your quoted text that it's for marketing.
And marketing is the reason why they odds are never printed as big as the prize pot.

I used the nerdwallet calculator to do the math.
If you invest $100/month from age 18 to 65, at the historical average stock market return of 10%, you'll have $1.29 Million every single time. IDK why a logical person would spend money on the lottery when they could be a millionaire through some autopilot investments.
It's the fun of gambling aspect. It feeds the part of our brain that likes to take risks, or find amusement/make a game of something. What you're suggesting is so booorrring and logical.

I'm fine with people gambling because it's like art or sports. We don't need them to survive but it is something we will eventually come around to doing to keep life interesting or find an outlet. Where it becomes a problem is when people fall under the delusion that there is a discernable pattern of success. That's another thing we do, try to explain the inexplicable through pattern recognition. People that believe there is a surefire system of winning are simply falling into that trap, and maybe also trying to pull others into it to feel justified in what they are participating in. Almost like recruiting for a Cult and ignoring the obvious signs you're in one.
Organized gambling's purpose (legal or illegal) is to make a profit. You need as many people like the OP and some others here to believe the fallacy that there is a guaranteed payout when they participate in order to keep the machine oiled. A few people can win, but it is on the backs of so many others. The more people that participate, the more 'successes' we hear about through simple probability.
c'mon get happy!
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Dec 27, 2007
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BernardRyder wrote: It's the fun of gambling aspect. It feeds the part of our brain that likes to take risks, or find amusement/make a game of something. What you're suggesting is so booorrring and logical.

I'm fine with people gambling because it's like art or sports. We don't need them to survive but it is something we will eventually come around to doing to keep life interesting or find an outlet. Where it becomes a problem is when people fall under the delusion that there is a discernable pattern of success. That's another thing we do, try to explain the inexplicable through pattern recognition. People that believe there is a surefire system of winning are simply falling into that trap, and maybe also trying to pull others into it to feel justified in what they are participating in. Almost like recruiting for a Cult and ignoring the obvious signs you're in one.
Organized gambling's purpose (legal or illegal) is to make a profit. You need as many people like the OP and some others here to believe the fallacy that there is a guaranteed payout when they participate in order to keep the machine oiled. A few people can win, but it is on the backs of so many others. The more people that participate, the more 'successes' we hear about through simple probability.
What are you smoking?

Since when is gambling with lotto fun and how is it even remotely compatible to anything that’s taking risks or amusements and games.

If that’s your definition then you lead an extremely boring life

Then you go ahead and say it keeps life interesting. What? Seriously?
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I seriously can't believe that, on RFD of all places, some people are actually arguing in favour of playing the lottery.
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Feb 7, 2017
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tmkf_patryk wrote: What are you smoking?

Since when is gambling with lotto fun and how is it even remotely compatible to anything that’s taking risks or amusements and games.

If that’s your definition then you lead an extremely boring life

Then you go ahead and say it keeps life interesting. What? Seriously?
Huh ?

I’m with @BernardRyder on this

The risk is losing what you put in … it’s called a GAME OF CHANCE

The more you buy in … the greater the risk

And yes … some folks see this as entertainment / fun

Everyday, week, month … there are people playing games of chance dreaming of winning (that’s the entertainment bit “What would I do if I actually won the money, the house, the boat, the car “ )

The thrill * relates also directly to how much money you put in / risk

* Thrill = WHY gambling is considered an addition. There is a well documented emotional & even physical adrenaline rush
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tmkf_patryk wrote: What are you smoking?

Since when is gambling with lotto fun and how is it even remotely compatible to anything that’s taking risks or amusements and games.

If that’s your definition then you lead an extremely boring life

Then you go ahead and say it keeps life interesting. What? Seriously?
Lotto qualifies as gambling. You might not agree, but it is regulated in Ontario by the OLG, which stands for Ontario Lottery and Gaming Corporation. They oversee lotteries, casinos, bingo, and sports betting
If you can't correlate the lottery with gambling, you're choosing to be limited in your viewpoint. And I don't even play the lottery, so by your definition my life is even more boring! Maybe I should drop dead from the lack of adrenaline in my body Face With Tears Of Joy
c'mon get happy!
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Poor guy... he must be losing his mind right now, between unknown family members crawling from under the rocks to reach him, long time lost friends trying to recconect to "catch up", and charities harassing him endlessly
newsun wrote: Image
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Aug 22, 2006
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6060842 wrote: OK? So because most people fail nobody should ever even attempt to solve a game? While I agree that most people don't have what it takes to beat the house or even parimutuel games of chance, you are sadly mistaken if you think that " the house always wins ". Just because the overwhelming majority of people would be best served by not gambling doesn't means nobody has ever come up with mathematically proven ways to beat various games.

The interesting thing about the Jerry Selbee is that he wasn't using a complex mathematical system . In fact literally millions of people would have had the capacity to solve this lottery but didn't because they probably believed that it wasn't worth investigating because someone once told them "the house always wins".

P.S. I am not suggesting the OP of this thread is playing "the smart way".
Stories like this are a bit different. To keep things fresh, new games are released frequently.
Some of those aren't tested to the degree that they should be an examples of Jerry pop around.
But the vast majority of games *are* built for the house. There's a reason things like blackjack stand the test of time. Even there though "side bets" are getting extremely prevalent for the same lottery mentality. Bet a buck and win a thousand. The problem is that the thousand dollar win comes at 50000:1 odds.

There was another game in the casino that ended up having a negative house edge.
Once officials figure out that long term this is a losing proposition they pull the game pretty quick.

The saying "the house always wins" is more a general sentiment rather than "every single game that ever exists is 100% mathematically fool proof". Don't ever stop trying to "solve" a game because sometimes you might get lucky. But don't also go spending $1000 a week on a lottery to build up a savings plan.
roblombardi wrote: Poor guy... he must be losing his mind right now, between unknown family members crawling from under the rocks to reach him, long time lost friends trying to recconect to "catch up", and charities harassing him endlessly
I like this thread. Great read for those of you who win a million bucks:
https://old.reddit.com/r/AskReddit/comm ... r/chb38xf/
Do you not have anything else to do rather than argue with strangers on the internet
Nope. That's why I'm on the internet arguing with strangers. If I had anything better to do I'd probably be doing it.
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so you are saying there's a chance...

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