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3 comments:

The loto has been ruined for me ever since Mr. Connors said the, "The lottery is a tax for people who are bad at math." Though, now I know it is a cliche, it was the first time I heard it, and I thought it was very clever, so it stuck with me.

I love math and hate taxes. Thus, I can never play the loto.

This is also why I love the story of Joan Ginther, who one multi-million dollar scratch offs 4 times. She is a former stats profession and the general assumption is that she used math the beat the 1980s randomness algorithms you mentioned. That is beating taxes by being good at math!
by: Mike (contact) - 18 Dec '13 - 08:02
It is less a tax and more a pie in the sky investment with a very high potential upside and a really terrible ROI of 0.25.

Playing every 9th game (on average) costs me about $17 a year, which the things I learned about pseudorandom numbers and genetic algorithms more than makes up for it, for me.
by: Kyle (contact) - 21 Dec '13 - 11:24
Have you heard of the companies which used to figure the odds on the big lotteries and then buy up all of the numbers (or as many as they can). I understand it has been successfully accomplished in several cases, the largest variable being the odds of more than one person winning and having to split the pot.

And yes, I see your point. Especially since it turned into a fun programming project. Doubly so if you happen to support the things that lotteries fund (often public education, etc).
by: Mike (contact) - 30 Dec '13 - 10:02



 


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