This I can’t begin to understand.
The odds of winning the super7 lottery are 1 in 60 million. The odds of winning the 649 lottery are close to 1 in 14 million. However, for $2, you get 3 picks at the super7 whereas you would only get 1 pick at the 649. This means that for your same $2 you get a 1 in 20 million chance of winning the super7 vs. a one in 14 million chance of winning the 649.
Taking tonight’s draw as an example would you rather have a 1 in 14 million chance of winning 10 million dollars or would you rather have a 1 in 20 million chance of winning 2.5 million dollars??
The short version of all of this is, “Why the hell does anyone play the super7?
One Response to “lottery statistics”
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I think that the payoff for matching six numbers / five numbers / etc in the Super7 is higher than the payoff for matching a similar value of numbers in the 649.
That being said, the Super7, until this month, had a higher payoff than the 649 (averaging around 5 million, vs. the 649’s 2 million…), so it plays on basic greed, I would guess (”wow, a 1/20 million chance to win 3 million more dollars than the 649!”).
Bah. As Han says, “Never tell me the odds!”