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Is buying all lottery number combinations plausible?
I'm sure there's something denying you the ability to do this and turn a profit but I'm having trouble finding every evidence and I don't know the math to find out how much it would cost to buy every possible combination. Although, as lotteries grow in to the 50 mil plus range its hard to think that you'd end up in the red especially in Canada when there are no taxes on winnings.
10 Answers
- nathanviseLv 61 decade agoFavorite Answer
There was people that made it, but I think it is not an intelligent procedure
1 The big prize may be equal with your invest, then you didn't win really
2 There may be another winner , then you must to share out with him.
3 You can make an error in writing so many tickets.
4 To be realistically you haven't time, energy and patience to write so many tickets
- 1 decade ago
There is an interesting video on the website in my source which explains/shows how covering 44 lines in a certain way in the UK national lottery gives you a 7 times better chance of winning if you do it this way. (The company that offers this service has existed since 2002 and has been a member of the Lotteries Council Of Great Britain since 2004 (as confirmed on the Lotteries Council website), so they are definitely legitimate.)
You stick with the same first 5 digits in each line but just change the last digit from 1, to 2, to 3, and so on.
eg. Say you stick with 5 numbers, like, 3, 7, 10, 42, 44 on each of your lines.
You would then need to buy your lines so that your final chosen set of 6 numbers looks like this:
3, 7, 10, 42, 44, 1
3, 7, 10, 42, 44, 2
3, 7, 10, 42, 44, 4
3, 7, 10, 42, 44, 5
3, 7, 10, 42, 44, 6
3, 7, 10, 42, 44, 8
3, 7, 10, 42, 44, 9
3, 7, 10, 42, 44, 11
3, 7, 10, 42, 44, 12
3, 7, 10, 42, 44, 13
3, 7, 10, 42, 44, 14
...and so on down to...
3, 7, 10, 42, 44, 40
3, 7, 10, 42, 44, 41
3, 7, 10, 42, 44, 43
3, 7, 10, 42, 44, 45
3, 7, 10, 42, 44, 46,
3, 7, 10, 42, 44, 47
3, 7, 10, 42, 44, 48
3, 7, 10, 42, 44, 49
...The choice of the last number in the set means you have covered every one of the 49 possible numbers somewhere in those 44 lines.
ie. in your total pool (or syndicate) of 44 lines/entries, you are guranteed to have at least one number come up, because you've covered all of the 49 possible numbers within your lines.
Now seeing as 1 number is guaranteed, you therefore only have to get 5 numbers now to win the jackpot, instead of 6 like everyone else. This means you have about a 1 in 2 million chance of winning instead of a 1 in 14 million chance of winning.
The bottom line is it gives you a 7 times better chance of winning a share of the jackpot, than an individual playing a single line entry on their own.
True, the £5 cost of the weekly syndicate is 5 times more than what an individual would pay buying a single line entry, but if you're getting a 7 times better chance of winning, it still represents better value.
The video explains it much better than me.
Source(s): http://www.better-chances.co.uk/ - 1 decade ago
A group of gamblers bought every ticket in the Florida lottery several yrs ago and won. At that time there were 14 million combinations ( tickets ), now there are 22 million tickets to buy. So if the lottery is at 50 million or higher you would make money!! The problem being is you would have to secure at least 2 or 3 lotto machines and run them day and night, also there might be more than 1 winner.
- MaquisLv 71 decade ago
A group out of Australia tried this with the Virginia Lottery about 15 or 20 years ago. They managed to buy about 5 million of the 7 million possible numbers. At the time the lotto prize was $27 million.
As a result of that, the Va Lottery changed the rules of the lotto. The revised rules were:
1. The tickets bought must be paid for in cash at the time the lotto ticket is printed.
2. The slip that you fill out to give to the lottery clerk must be filled in by hand, not by a computer printout.
This group pre-printed all possible combinations on form slips and paid a local grocery store $3 million in advance to run the slips thru their lotto machines. There were about 20 diffferent local stores in the chain and each store received a bundle of slips from Corporate headquarters and were told to run them thru the lottery machine non-stop when we weren't waiting on customers. (Yeah, I worked there at the time)
Nowadays I don't think it would be possible. The megamillions Jackpot has 175.7 million combinations. So buying all possible combinations would cost you 175 million dollars. If you have that much money, you don't need to win the lottery.
Source(s): Here are some news articles about the story. http://www.nytimes.com/1992/03/07/us/group-s-lotte... http://news.google.com/newspapers?nid=110&dat=1992... - How do you think about the answers? You can sign in to vote the answer.
- 6 years ago
This Site Might Help You.
RE:
Is buying all lottery number combinations plausible?
I'm sure there's something denying you the ability to do this and turn a profit but I'm having trouble finding every evidence and I don't know the math to find out how much it would cost to buy every possible combination. Although, as lotteries grow in to the 50 mil plus range its...
Source(s): buying lottery number combinations plausible: https://tr.im/OfBvm - Anonymous1 decade ago
think of it as a game of roulette but on a larger scale.....you spend 38 dollars to cover all the numbers...you get back 35 bucks for the winning number..you buy 20 million tickets and you are the only winner you get a million dollars a year for 20 years....but if you have access to 20 million it is really stupid to buy even 1 ticket
- Anonymous1 decade ago
Its a net loss if we buy all lottery tickets, because its depends on our luck
- 1 decade ago
no, even with super jackpots you will not make as much as you spend, the average lottery will cost billions to buy all the tickets. So unless it goes that high, forget about it!
- 1 decade ago
to buy all the numbers will leave you with a net loss, as the cost to buy them all is less than the amount being provided. also you will have to share the prizes with others who have the same numbers.