Termyn8or
Posts: 18681
Joined: 11/12/2005 Status: offline
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I have "won" a few grand in the last five or so years by folding. That is NOT betting. The thing about winning is this - win big, lose small. For this the payoff needs to be close to the odds. If you play a four digit straight the true payoff should be $10,000 if there is no "house" edge. You usually don't even get one tenth of that. Not even going into the odds of a lotto type drawing, and the totally ridiculous disparity between odds and payoff, most lottos are paramutual. They learned that from bookies in one city. In 1976 a whole lot of people played 976, and it came in. The bookies had to go to loan sharks to pay off. In a paramutual prize, you share a common "pot" with the other winners. Therefore the only disadvantage you can actually abate is to play numbers, that if they hit, nobody else plays, or at least the fewest number of people. Birthdays, dates, many other things all have one thing in common. The numbers are all under 31, so play numbers over 31. They have an equal chance of hitting of course, but because alot of people do play dates, you are likely to share it with fewer people. This does not change the fact that it is a sucker bet. By the time they announce the jackpot is $40 million, they have taken in $400 million. It has also been proven to me that the results are not random, and I can see why. There are some numbers so commonly played that sharing the jackpot would make the futility of playing the lottery obvious to many more people. Further proof was before my own eyes a long time ago on TV. I know video technology, and I am very observant. On TV I saw the Ohio lotto drawing start, and then stop. I KNOW what the old four track video recorders do when they go out of sync, and I saw it. I saw the first number drawn, and then either the tape was stopped or the machine jammed up or something. I KNOW THIS because I know what I am talking about, it is my job to know these things. They put up a message "technical difficulties" and gave the results later. The number that I SAW drawn did not appear in the results. People assume the drawing is live, but I know for a fact that it is not. They can load any tape they want on that machine, and edit the video perfectly with the announcer giving the date, and then just play the tape. Has anyone ever seen a lotto drawing in person ? The answer is no. They say "The results are certified by ________" but they do not say at any time that they are random. There are 11 million people in this state, and it is not inconcievable that 20,000 of them could play the same number. There is no way they could let that number hit. Business is business. Give me a smoke filled room and a deck of cards. T
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