Talk of The Villages Florida - View Single Post - Powerball and Hypocrisy
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Old 08-31-2017, 12:36 AM
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Carl in Tampa Carl in Tampa is offline
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Post Chances versus payout

Quote:
Originally Posted by aninjamom View Post
I think it's amusing that people wait until the payout is huge to buy a ticket; the odds DO NOT go up when the prize does! No matter how many people buy a ticket, your odds of winning DO NOT CHANGE. There are a specific amount of numbers that can only create a specific number of combinations. Have a mathematician explain it to you. Maybe the chances of SOMEONE winning goes up because more number combinations are sold, but the odds of a specific set of numbers winning never change! Perhaps if you buy all the number combinations.
That is an interesting concept, and I can agree that one person's chances of having his number chosen does not change regardless of the number of people who play a particular game.

However, as more millions of people play the game, I would think that the likelihood that others would have the same numbers as the one person would grow.

Accordingly, it would seem that the more people who play, the more likely it is there would be multiple winners, and the payout for each would be less.

I'm working from logic, not statistics.
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