What has a greater odd?

[xBiffx]

So wtf are you saying in reality compared to what you wrote ealier in this thread?

You specifically said buying more tickets in power ball will not increase your likeliness to win it.

That's fucking wrong. You know it. Thread closed.

Whatever twisted, unprecedented idiocy about 'odds vs chance' going on in your head is irrelevant. You are now TROLLING to save face.

I have never contradicted myself. I said odds, and I meant it. I haven't said anywhere that by buying more tickets you won't increase your chance of winning, actually I have repeatedly said the opposite. I said you wouldn't increase the odds.

Doesn't change your odds of winning. Gamblers fallacy.

YOU ARE FUCKING WRONG ON WHAT I SAID

 

[zinfamous]

/facepalm

Like Biff not being correct using the Gambler's Fallacy. You are not correct using the Monty Hall problem.

And what do you know about the Monty Hall problem, huh?

Nothing! That's what, and it's obvious, troll.

 

[Capt Caveman]

And what do you know about the Monty Hall problem, huh?

Nothing! That's what, and it's obvious, troll.

Only one trolling is you b/c I know you're not that stupid. Biff, I'm still not sure.

 

[GrumpyMan]

So I'm guessing what Biff is saying is that I can buy 1 million tickets and my chances to win is 1 in 176,000,000 for each ticket. The only difference is that I can try to win 1 million times, but each time that I do of that 1 million that I can play, my odds still are 1 in 176,000,000 each time. So even if I play 1 million times my odds never really change each time. Makes sense to me. And I think Biff is correct.

 

[Zeze]

3/30/2012.

I will forever remember this day.

I've never let myself get taken for a ride on internet until today. I tip my head to you, xBiffx. A job well done, and I bid you good evening, sir.

 

[Capt Caveman]

I have never contradicted myself. I said odds, and I meant it. I haven't said anywhere that by buying more tickets you won't increase your chance of winning, actually I have repeatedly said the opposite. I said you wouldn't increase the odds.



YOU ARE FUCKING WRONG ON WHAT I SAID

From your stupid quote that started this:

Originally Posted by xBiffx
Doesn't change your odds of winning. Gamblers fallacy.

Yes, your odds of winning do improve with 1000 unique tickets.

 

[SSSnail]

Hey hey, don't summarily close my thread because you guys went off on your tangents. No one had answered the question in my OP.

 

[SSSnail]

So I'm guessing what Biff is saying is that I can buy 1 million tickets and my chances to win is 1 in 176,000,000 for each ticket. The only difference is that I can try to win 1 million times, but each time of that 1 million that I can play my odds still are 1 in 176,000,000 each time. So even if I play 1 million times my odds never really change each time. Makes sense to me.

Yeah, it does, until you increase that ticket numbers to 176,000,000. Then your mind is blown...

Once you increase the amount of tickets, you're increasing your odds as a whole, and not a single ticket any longer.

His argument would work, if we already know the result, this making everything else but that wining ticket a winner. But then, nobody would buy other tickets...

 

[FoBoT]

No one had answered the question in my OP.

 

[xBiffx]

Yes, your odds of winning do improve with 1000 unique tickets.

No they do not. You haven't changed the amount of ways to win by buying more tickets and since odds is a ratio of ways to win to ways to lose the figure does not change. Your chance of winning will surely improve. Because it tells you how often you can expect to see an event. You, of course, can expect to see 1 of 1000 numbers more than you would expect to see just 1 of 1 number.

 

[Cerpin Taxt]

Odds tells you how many wining scenarios there are vs. losing scenarios.

Your problem is you are not distinguishing between the odds of the winning result and the odds that the player will win. When a player has multiple chances to win, the odds of him winning change, even while the odds of the winning result remain unchanged.

If I have a chip on all 38 squares I have 38 chances to win out of 38 possible results. My odds of winning are 1. I have 1 winning scenario and zero losing scenarios. The odds of the winning result -- whatever that may be -- remain 1 to 37.

 

[DCal430]

Biff is wrong.

The odds of an individual winning does increase as you buy more tickets. Odds is defined as the probability of an event divided the probability of it not happening.

The probability of winning the lotto is defined as
N=Numbers of ticket purchased
P= Probability of an individual ticket winning here it is about 1/176M

Probability of The Individual Winning = N*P (assumes different combinations are picked)

So the Odds of The Individual Winning = N*P/(1-N*P), therefore as N gets larger so does the odds of winning. It is basic math people.

 

[Zeze]

Your problem is you are not distinguishing between the odds of the winning result and the odds that the player will win. When a player has multiple chances to win, the odds of him winning change, even while the odds of the winning result remain unchanged.

If I have a chip on all 38 squares I have 38 chances to win out of 38 possible results. My odds of winning are 1. I have 1 winning scenario and zero losing scenarios. The odds of the winning result -- whatever that may be -- remain 1 to 37.

Biff is wrong.

The odds of an individual winning does increase as you buy more tickets. Odds is defined as the probability of an event divided the probability of it not happening.

The probability of winning the lotto is defined as
N=Numbers of ticket purchased
P= Probability of an individual ticket winning here it is about 1/176M

Probability of The Individual Winning = N*P (assumes different combinations are picked)

So the Odds of The Individual Winning = N*P/(1-N*P), therefore as N gets larger so does the odds of winning. It is basic math people.

Two more victims early in the morning.

 

[GrumpyMan]

No I think you guys are over thinking it. I buy 100 tickets. So each ticket has the odds of 1 in 176,000,000. So I can buy 100 tickets or 1 million tickets, the odds for each individual ticket never changes, I just get to do it 100 or 1 million times.

 

[Capt Caveman]

No I think you guys are over thinking it. I buy 100 tickets. So each ticket has the odds of 1 in 176,000,000. So I can buy 100 tickets or 1 million tickets, the odds for each individual ticket never changes, I just get to do it 100 or 1 million times.

No shit sherlock but your odds of winnings have increased to 100 in 176 million.

 

[GrumpyMan]

No, because with each new play for each individual ticket, you reset to odds to 1 in 176,000,000 each time. You just get to retry it 100 times.

 

[xBiffx]

Your problem is you are not distinguishing between the odds of the winning result and the odds that the player will win. When a player has multiple chances to win, the odds of him winning change, even while the odds of the winning result remain unchanged.

If I have a chip on all 38 squares I have 38 chances to win out of 38 possible results. My odds of winning are 1. I have 1 winning scenario and zero losing scenarios. The odds of the winning result -- whatever that may be -- remain 1 to 37.

38 chips on 38 squares doesn't change that you only win on 1 square. You have given yourself 37 chances to lose and 1 to win. Thus your odds of wining are 1 to 37. You odds are not one at all. No such things as 1 odds (its a representation, not a decimal), only 1 for chance. If there is no way to lose then your odds are X to 0. This means that for every way to win there is no way to lose.

 

[xBiffx]

Biff is wrong.

The odds of an individual winning does increase as you buy more tickets. Odds is defined as the probability of an event divided the probability of it not happening.

The probability of winning the lotto is defined as
N=Numbers of ticket purchased
P= Probability of an individual ticket winning here it is about 1/176M

Probability of The Individual Winning = N*P (assumes different combinations are picked)

So the Odds of The Individual Winning = N*P/(1-N*P), therefore as N gets larger so does the odds of winning. It is basic math people.

That's the calculation for chance/probability. Odds are not a number they are a relationship of one number to another. 1 to 1 odds (equal chance of winning to loosing or 50% chance), 1 to 2 odds (33.3% chance of winning), 1 to 4 odds (20% chance of winning) and so on.

 

[xBiffx]

No, because with each new play for each individual ticket, you reset to odds to 1 in 176,000,000 each time. You just get to retry it 100 times.

Bingo! You got it. Chance takes into account the number you bought and that's why it goes up. With each losing ticket, the chances that your next ticket is a winner will increase but the odds that it wins are always the same.

 

[SSSnail]

What both of you failed to understand is that the odd resets with new drawing, not if you bought all the tickets for a single drawing.

 

[busydude]

With each losing ticket, the chances that your next ticket is a winner will increase but the odds that it wins are always the same.

I concur.

 

[GrumpyMan]

Edit: Never mind, now I'm over thinking it, going to bed, night all, great discussion.

 

[SSSnail]

Do you guys know what these ( ) are? Plug them in your equation sometimes, might surprise you...

 

[zinfamous]

Do you guys know what these ( ) are? Plug them in your equation sometimes, might surprise you...

Are those implied?

:hmm:

 

[busydude]

Do you guys know what these ( ) are? Plug them in your equation sometimes, might surprise you...

I like these (.) (.)