Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to bruncher,mark88man,stirlo,johnstevens77,Rhyd6, for Donating to support the site

Lottery wins rarer and rarer

Straight answers to factual questions
Forum rules
Direct questions and answers, this room is not for general discussion please
NomoneyNohoney
Lemon Slice
Posts: 541
Joined: November 4th, 2016, 10:31 am
Has thanked: 123 times
Been thanked: 93 times

Lottery wins rarer and rarer

#340450

Postby NomoneyNohoney » September 15th, 2020, 4:08 pm

The wife and I were discussing the UK Lottery. It seems to us that when we first started playing many years ago, we "often" got three numbers which earned £10, but nowadays it's increasingly rare.
My thinking is that, as people lose interest in the lottery, the prize money might drop, but the odds of getting the three numbers should be the same.
Are there any other factors I've not thought of, that might influence this seeming drought of winnings?

NomoneyNohoney
Lemon Slice
Posts: 541
Joined: November 4th, 2016, 10:31 am
Has thanked: 123 times
Been thanked: 93 times

Re: Lottery wins rarer and rarer

#340452

Postby NomoneyNohoney » September 15th, 2020, 4:09 pm

Lottery wins... Lottery WINS, for Heaven's sake...

Moderator Message:
FTFY :) (chas49)

chas49
Lemon Quarter
Posts: 1152
Joined: November 4th, 2016, 10:25 am
Has thanked: 93 times
Been thanked: 186 times

Re: Lottery wins rarer and rarer

#340467

Postby chas49 » September 15th, 2020, 4:46 pm


baldchap
2 Lemon pips
Posts: 195
Joined: February 5th, 2017, 11:06 am
Has thanked: 220 times
Been thanked: 67 times

Re: Lottery wins rarer and rarer

#340469

Postby baldchap » September 15th, 2020, 4:49 pm

In the beginning the odds of the big prize were 1:14 million

When they added the extra ten numbers a few years back, that increased the odds to about 1:45 million (what do a few extra numbers matter....)
I imagine the odds for lower prizes have also not worked in your favour.

It belongs to the Ontario Teachers Pension Plan. Probably better off putting your money in that :)

servodude
Lemon Quarter
Posts: 1944
Joined: November 8th, 2016, 5:56 am
Has thanked: 441 times
Been thanked: 484 times

Re: Lottery wins rarer and rarer

#340528

Postby servodude » September 16th, 2020, 12:06 am

With the extra ten balls your chances of getting 3 correct out of 6 approximately halved
- it was about 1:57 before and it's 1:96 now

C(6,3) * C(43,6) / C(49,6)
vs
C(6,3) * C(53,6) / C(59,6)

where C(n,k) = n! / (k! * (n-k)!)

-sd

NomoneyNohoney
Lemon Slice
Posts: 541
Joined: November 4th, 2016, 10:31 am
Has thanked: 123 times
Been thanked: 93 times

Re: Lottery wins rarer and rarer

#340719

Postby NomoneyNohoney » September 16th, 2020, 7:25 pm

Ah! That's the missing information that's so crucial - I hadn't realised they'd added extra balls to the draw. Now I know that, it's obvious why the drought has occurred. Thanks all!


Return to “Does anyone know?”

Who is online

Users browsing this forum: No registered users and 4 guests