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Tuesday, January 25, 2011

The Average 18 Year Old Has 6,255 Chances to Win the Lottery

Have you ever wondered how many chances you have to win a major lottery in your lifetime?

We too have asked ourselves this question many times. So we consulted the U.S. World Factbook and found the average life expectancy of a U.S. resident is 78.4 years. Since a person must be 18 years old to legally purchase lottery tickets, we find that a person has about 60 years in which they can buy Powerball, Mega Millions, or other lottery tickets.

Since these major lotteries have drawings twice a week, there are 104 opportunities to win each year. Multiplying 104 times 60 years, we obtain 6,240. Because of leap years, a player gets another 15 drawings to play. Adding 6,240 and 15 together, we find that there are a total of 6,255 drawings that may be played

Thus, we conclude, that: The Average 18 Year Old Has 6,255 Chances to Win the Lottery

As you get older, the number of opportunities becomes smaller. You can check the table below to see how many drawing you may have left to play.


Age Drawings
18 6,255
20 6,047
25 5,526
30 5,005
35 4,483
40 3,962
45 3,441
50 2,920
55 2,398
60 1,877
65 1,356
70 835
75 313


Note: These are only averages. Unfortunately, some players may pass away before they reach 78 years old. Others who are more fortunate, can have many more years left to dream.

Wednesday, January 12, 2011

Lottery Full Wheel Calculators Released

We are proud to announce that we have begun to roll out our new Full Wheel Payout Calculators for the following lotteries:
You can access these pages from the links above, from our Lottery Research Page, or the "Lottery Combo Tables" link on our Lottery Power Picks home page.

While we are still in the bug/shakeout mode, we have decided to provide these calculators to you in a phased mode.

The purpose of these pages are to help you, the lottery players, better understand how much money: it would cost you to purchase a full lottery wheel; you would win if any or all of your numbers were to appear in the associated lottery drawing; and, lastly, how much your profit or loss from that transaction was.

During the coming weeks, we will be testing these pages to make sure that everything works properly. We will also be expanding these pages to include all of our covered lotteries.

We hope this information is helpful and gives you more information about the financial risks associated with playing the large lottery games.

Wednesday, December 22, 2010

All Hot Numbers Picked in Last Mega Millions Drawing

As many of our readers have discovered, the winning Mega Millions lottery numbers drawn on Tuesday, December 17, 2010 were all Hot Numbers!  The winning numbers were: 11 - 20 - 26 - 46 - 53 and Megaball 12. We have provided an excerpt of these results from our Mega Millions Hot Cold Number Analysis page at left.

While this is a rare occurrence, we believe it is important for players to realize that all systems have merit.

The subset of Hot white ball numbers that we identified consisted of 14 balls; and 9 Megaballs. Limiting ourselves to the white balls only, we would have played only 2,002 combinations.

If we then wheeled each of the 9 Megaballs, we would have purchased 18,018 total combinations.
 The subset of Hot balls (white and Mega) numbers that we identified are shown at right.

The annuity jackpot prize for that drawing was $133 million, but nobody won. Had we played all 18 thousand combinations, we would have won over $135 million.

And, if we chose to play these numbers with the Megaplier, our total winnings would have increased to $141 million because the 4x megaplier was picked as well. This would have been a great return from the $36,036 we would have spent!

Wednesday, December 8, 2010

Win Money Playing UK Lotto's Hot Picks

Introduction
We recently discovered the UK HotPicks Lottery game. In it, a player can select combinations containing anywhere from 1 to 5 numbered balls. Depending on the balls played, the game offers players a chance to win prizes ranging from �5 to �130,000.

Since the results are based on the first 6 numbers drawn in the UK Lotto (bonus balls are not considered), we examined our UK Lottery Hot and Cold Lottery Analysis results to see if any patterns emerged. What we found was that there was an abundant amount of hot numbers that were selected in a 3-month period (26 drawings).

This led us to investigate whether a winning strategy could be identified, and we concluded that:

Hot Picks Players Could Make
�1,000 to �40,000 per year.

Accordingly, this article explains the following to give you a winning edge:
  • How HotPicks is Played
  • Winning Ticket Combinations
  • How to Select the Balls to Play in the Wheeling Pool
  • Example of Wheeling Hot Balls Potential Payout

How HotPicks is Played
Playing HotPicks is relatively simple. As a player, you first identify if you are playing 1, 2, 3, 4 or 5 numbers. Then, you select the numbers that you want to play from 1 to 49 (no duplicates).

Each ticket costs �1, and the winning numbers are determined from the UK Lotto draw. If all of the numbers you choose on that playing ticket appears in the main first 6 numbers drawn, you win the associated prize.

Table 1: Prizes and Combinations
Balls Win Combinations  For Various Balls Played
Played Prize 49 8 9 10 11 12
1 5 49 8 9 10 11 12
2 40 1,176 28 36 45 55 66
3 450 18,424 56 84 120 165 220
4 7,000 211,876 70 126 210 330 495
5 130,000 1,906,884 56 126 252 462 792

Table 1 above summarizes the various prizes that are paid. Column 1 indicates the amount of numbers you want to match, and Column 2 indicates the prize you will win. For example, if you wish to play 2 numbers, and they are part of the winning UK Lotto combination, you win �40. 

For reference purposes, we have also listed the total number of possible wheeling combinations that may be constructed using various balls. The combinations under the Column Header 49 indicate all the possible combintions available.

The remaining columns indicate the number of possible combinations for limited subsets of 8, 9, 10, 11, and 12 balls. This is important because you have to limit your playing pool if you wish to generate a profit. We will refer to this as your Wheeling Pool which will be discussed below.


Winning Ticket Combinations
Regardless of the size of your Wheeling Pool, whenever the number of balls that were  selected equal or exceed the number you played, you will own one or more winning HotPicks  tickets.

For example, assume you are playing a 2 ball combinations, and 4 of the selected balls are members of your Wheeling Pool, you will have then have 6 winning tickets.

Table 2: Number of Winning Tickets You Will Have
Balls Winning Ticket Combinations For Numbers Matched
Played 0 1 2 3 4 5 6
1 0 1 2 3 4 5 6
2 0 0 1 3 6 10 15
3 0 0 0 1 4 10 20
4 0 0 0 0 1 5 15
5 0 0 0 0 0 1 6

The easiest way to determine how many tickets have won is follow these steps:
  • Write Down the numbers in your Wheeling Pool
  • Write Down how many of these numbers were drawn in the UK Lotto that night
  • Look for the number of balls you played in the first column
  • Then read across that line to find the number in the heading you matched.

How to Select the Balls to Play in the Wheeling Pool
Since the Hot Picks results are based on the first 6 numbers drawn in the UK Lotto (bonus balls are not considered), we can easily examine the UK Lotto Hot Cold Number Analysis page to determine which subset of numbers we should play in our Wheeling Pool. Looking at the table in the top right portion of the page, we will see the White Balls listed in the "Warm + Hot" cell. These are the latest set of Hot Numbers and should be played.


By clicking on the Tab labeled "Last 26 Results", you will be able to see how these numbers performed during the past 26 weeks. The Hot Numbers will be displayed in Red and would be the numbers that you played.

Note however, that as time goes by, the balls will change. Therefore, you should always refer to this page before playing in the next Hot Picks drawing.


Example of Wheeling Hot Balls Potential Payouts
At present, our Hot Ball Wheeling Pool contains 9 numbers. Table 3 below summarizes the Potential Earnings we would won playing these numbers for the past 3 months (26 drawings).

As shown, the vertical columns labeled 1, 2, 3, 4, and 5 indicate the number of balls we wish to play. Immediately below is the amount of money we would have spent  buying all the possible combinations.

In each horizontal row, we summarize how many times we would have matched 0 to 6 of our Hot Ball numbers. The total number of tickets equals the number of times we won times the  number of winning tickets for each drawing.

The last (bottom) row displays the profit or loss that we would have earned playing these 9 numbers.


Table 3: Example of 3 Month Potential Earnings 
(September 8 - December 4, 2010)


Total Number of Tickets Won Past 26 Weeks

Numbers Played 1 2 3 4 5
Combos  Bought 9 36 84 126 126
Matched Times Won




0 6 0 0 0 0 0
1 4 4 0 0 0 0
2 11 22 11 0 0 0
3 3 9 9 3 0 0
4 2 8 12 8 2 0
5 0 0 0 0 0 0
6 0 0 0 0 0 0
26 Game Total 43 32 11 2 0

Unit Prize 5 40 450 7,000 130,000
26 Game Total Won 215 1,280 4,950 14,000 0
26 Game Total Spent 234 936 2,184 3,276 3,276
26 Game Profit -19 344 2,766 10,724 -3,276

As shown,  players would have won anywhere from �344, �2,766, to �10,724 if they played either 2, 3, or 4 ball combinations.  Since these results are for a three month period, it is estimated that UK Lottery Players could profit approximately �1,000, �8,000, to �42,000 annually.


Conclusion
If you are a serious Lottery Player who is trying to earn extra income, we recommend that you seriously consider adopting the strategy described above and play the UK HotPicks game.


Learn More

Wednesday, December 1, 2010

HotPicks Analysis Delayed

I constructed this image using :image:Computer...Image via Wikipedia
As we were preparing our new analysis for this lottery game last night, our computer system became infected with a virus named: "Antivirus Action".  This malicious intruder has crippled our computer entirely, preventing us from accessing and running most of our programs, including the internet.

We are working with tech support representatives of our Anti Virus provider to help us restore functionality.

At present, we are unsure how long this process will take, but once everything is back to normal, we will complete and publish this important UK Lotto Hot Picks guide.

Thanks for your understanding and patience.
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Wednesday, November 24, 2010

Lotto HotPicks Analysis to be Published Next Week

As part of our Lottery Wheeling Calculator development, we have been re-examining our various covered lotteries. To this extend, we discovered the UK Lotto HotPicks game which allows a player to simply select and play a 1, 2, 3, 4, or 5 digit combination. If their chosen numbers are present in the official UK Lotto drawing numbers, then the player wins �5, �40, �450, �7,000 or �130,000.

While this game features smaller prizes than the UK Lotto, it only costs the player  �1 per entry.

And, after reviewing our UK Lotto Hot Cold Number results, we believe that utilizing those numbers with this game could reward lottery players often with a positive cashflow.


The results of our analysis will be published on this blog by the end of next week, so remember to visit our site and learn more.

Wednesday, October 27, 2010

Estimating Probability of Back to Back Lottery Jackpot Winners Using the Poisson Distribution - Part 3

Part 3: Introduction
In our previous article, we provided an example of how the Poisson Distribution could be used to estimate the probability of multiple jackpot winners (Poisson Distribution Example of Use in Lotteries - Part 2). To carry the application of this statistical model forward, we will calculate the likelihood of there being back to back lottery jackpot winners in both Powerball and UK Lotto. We choose these two games because the frequency of winners in these two games vary immensely.


Poisson Distribution Utilization Review
The Poisson Distribution is a tool used to predict the probability of a discreet event occurring. To use it, there must be a clearly defined observed set of outcomes. Those outcomes are summarized and described as a single average. The distribution of varying events therefore becomes a function of this average.

For example, assume that we wish to define the probability that we will observe 3 automobiles queued at a stop light. The traffic signal changes to red only once an hour. From our previous collection of data, we know that the average length of the queue is 4.8 cars per hour. Substituting these numbers into our Poisson equation, we find that there is a 15.2% chance that the following queue will contain 3  cars.

Now we shall apply these same principles to estimating the probability of a lottery jackpot being won two consecutive drawings in a row.


Example 1: Estimating the Probability of Back to Back UK Lotto Jackpot Winners.
The UK Lotto is the national lottery of the United Kingdom. Since it is a 6/49 game, the approximate number of combinations is about 14 million. By U.S. standards, this is rather small. Being the country's primary game, the average drawing ticket sales range from approximately 14 to 32 million.

Since ticket sales meet or exceed the number of combinations, the UK Lotto jackpot is won on an average of every 1.283 drawings. To calculate the likelihood of there being successive jackpot winners, we must reduce this average by one (to 0.283), and solve for the 0 (zero) event. In effect, we do this to change from a one base to a zero base.

Solving, we find that there is a 75.4% chance that two UK Lotto jackpots will be won in two consecutive drawings. By comparison, we calculated that back to back winners occurred 77.9% of actual time.


Example 2: Estimating the Probability of Back to Back Powerball Jackpot Winners.
By comparison, Powerball is one of two national lotteries of the United States. Its format requires players to correctly pick 5 of 59 white balls and 1 of 39 Power balls in order to win the jackpot. Expanding this out, we find that there are over 195 million possible combinations. Since this is so large, the jackpot is not won as often as the UK Lotto.

Summarizing Powerball drawing results from 2001 to present, we learn that there are approximately 8.95 drawings between jackpot winning draws. Converting this average to a zero base (7.95 average) and solving for the 0 event (back to back winners), we calculate that there is only a 0.04% chance that there the jackpot will be won in two sequential drawings.

By counting the actual number of times this has occurred in Powerball, we find this happened only 7 times since 2001, or 0.68% of the time.


Conclusion
Comparing the expected probabilities derived from the Poisson distribution to the actual number of occurances, we conclude that the statistical results of back to back winners is a fairly good approximation of reality. While the Poisson distribution underestimates reality in both cases, we believe that the results obtained can be confidently used to predict these lottery events.
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