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    All Forums | General Discussion

    Power Ball Odds

    nature1970
    KingScorpio
    searchwarrant
    thorpe
    Raiders22
    ...
    Participants:
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    Views: 1825
    Posts: 17
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 5:45 PM ET #1

    Power Ball Odds,

    A confusing subject that can not be responded in a simple statement.
    If the powerball odds stated on the slip is 292 million to one why can't a very rich person or hedge fund or large bank or syndicate not be able to cover every combination with a little under 600 million.
    Statically their are 35 billion five number combinations to Powerball game
    really

    so then how can they state its 292,201,338 to one.

    because this is the odds of a single ticket.

    a single ticket you have five chances at the first Powerball coming out of the cage then you have four chances to get the second then three to get the third then 2 to get he second finally 1 hits correctly. and one to hit the power ball

    but not every ticket has the same chance say your second ticket has only one variance the one ball that comes out of the cage.

    you should gain one better of the established odds this is not true 292,201,337 to one in this example I will show the variance of three tickets with only the first number changed.


    the Math :

    ex 1 69/5*68/4*67/3*66/2*65*26= 292,201,338

    ex 2 69/6*68/4*67/3*66/2*65*26= 243,501,115

    ex 3 69/7*68/4*67/3*66/2*65*26= 208,715,241

    the logic would be 292 million tickets but example 2 states I have to buy 486,million ticket ex three 600 million tickets



    now what if the variance was with power ball number

    same white balls and a different Powerball.

    ex1 69/5*68/4*67/3*66/2*65*26=292,201,338

    ex 2 "       "      "      "    "         26/2=146,100,669

    ex3 69/5*68/4*67/2*66/2*65*26/3=97,00,446


    so the figures for a single change drastically

    so you want every number you reduce your chance to state the 120 and all subsequent factors a small number of tickets has

    69/69*68/68*67/67*66/66*26/26= 1 you win onehundred percent of the time.

    =all 35,064,160,560

    this is how powerball selling an estimated 2 billion tickets still not have a winning ticket. and why no one could ever cover the spread.


    Reply
    To remove first post, remove entire topic.
    Power Ball Odds,

    A confusing subject that can not be responded in a simple statement.
    If the powerball odds stated on the slip is 292 million to one why can't a very rich person or hedge fund or large bank or syndicate not be able to cover every combination with a little under 600 million.
    Statically their are 35 billion five number combinations to Powerball game
    really

    so then how can they state its 292,201,338 to one.

    because this is the odds of a single ticket.

    a single ticket you have five chances at the first Powerball coming out of the cage then you have four chances to get the second then three to get the third then 2 to get he second finally 1 hits correctly. and one to hit the power ball

    but not every ticket has the same chance say your second ticket has only one variance the one ball that comes out of the cage.

    you should gain one better of the established odds this is not true 292,201,337 to one in this example I will show the variance of three tickets with only the first number changed.


    the Math :

    ex 1 69/5*68/4*67/3*66/2*65*26= 292,201,338

    ex 2 69/6*68/4*67/3*66/2*65*26= 243,501,115

    ex 3 69/7*68/4*67/3*66/2*65*26= 208,715,241

    the logic would be 292 million tickets but example 2 states I have to buy 486,million ticket ex three 600 million tickets



    now what if the variance was with power ball number

    same white balls and a different Powerball.

    ex1 69/5*68/4*67/3*66/2*65*26=292,201,338

    ex 2 "       "      "      "    "         26/2=146,100,669

    ex3 69/5*68/4*67/2*66/2*65*26/3=97,00,446


    so the figures for a single change drastically

    so you want every number you reduce your chance to state the 120 and all subsequent factors a small number of tickets has

    69/69*68/68*67/67*66/66*26/26= 1 you win onehundred percent of the time.

    =all 35,064,160,560

    this is how powerball selling an estimated 2 billion tickets still not have a winning ticket. and why no one could ever cover the spread.


     
    KingScorpio
    KingScorpio
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    Posted: Jan. 11, 2016 - 5:54 PM ET #2

    Rich people don't need to play lotteries poor people do.
    Problem of cornering the market on ticket possibilities is the chance of multiple winners.
    Only empty failures play the lottery in an effort to correct their miserable life's.
    There is no 100% cappers in the world
    Reply
    Rich people don't need to play lotteries poor people do.
    Problem of cornering the market on ticket possibilities is the chance of multiple winners.
    Only empty failures play the lottery in an effort to correct their miserable life's.
     
    searchwarrant
    searchwarrant
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    Posted: Jan. 11, 2016 - 5:57 PM ET #3

    This looks like the flight manual for an F-35 to me. 
    Reply
    This looks like the flight manual for an F-35 to me. 
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 5:58 PM ET #4

    I've personally watched Steven King go to a store and purchase a lottery ticket and a pack of smokes

    everyone likes to win.
    Reply
    I've personally watched Steven King go to a store and purchase a lottery ticket and a pack of smokes

    everyone likes to win.
     
    thorpe
    thorpe
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    Posted: Jan. 11, 2016 - 6:16 PM ET #5

    If you want to do Math, stay off the drugs.  
    Reply
    If you want to do Math, stay off the drugs.  
     
    Raiders22
    Raiders22
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    Posted: Jan. 11, 2016 - 6:19 PM ET #6

    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.
    Reply
    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 6:27 PM ET #7

    Quote Originally Posted by Raiders22:

    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.
    I understand this for micro approach.
    but the macro states 69 horses in a field use a spread sheet soft ware program to deduce the hi five spread. the horses finish in exact order not a boxed format.
    Reply
    Quote Originally Posted by Raiders22:

    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.
    I understand this for micro approach.
    but the macro states 69 horses in a field use a spread sheet soft ware program to deduce the hi five spread. the horses finish in exact order not a boxed format.
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 6:29 PM ET #8

    your single ticket uses a boxed spread reality is exact order is after the fact they put them in a row showing a boxed format
    reality they finish exactly as they do .
    Reply
    your single ticket uses a boxed spread reality is exact order is after the fact they put them in a row showing a boxed format
    reality they finish exactly as they do .
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 6:40 PM ET #9

    so your stating that in the entire spread the lottery gives us the boxed format  without the bet and reality 10 out of 11 combinations are duplicates?
    Reply
    so your stating that in the entire spread the lottery gives us the boxed format  without the bet and reality 10 out of 11 combinations are duplicates?
     
    powerball2015
    powerball2015
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    Posted: Jan. 11, 2016 - 6:59 PM ET #10







    11,238,513
    1 × 1
    ×
    26
    1 × 1
    Simplify:
    69! ÷ (5! × (69-5)!) = 11,238,513
    5! ÷ (5! × (5-5)!) = 1
    64! ÷ (0! × (64-0)!) = 1
    26! ÷ (1! × (26-1)!) = 26
    1! ÷ (1! × (1-1)!) = 1
    25! ÷ (0! × (25-0)!) = 1
    292,201,338 = 292,201,338
    1
    Calculate:
    (11,238,513 ÷ 1) × (26 ÷ 1) = 292,201,338
    Reply






    11,238,513
    1 × 1
    ×
    26
    1 × 1
    Simplify:
    69! ÷ (5! × (69-5)!) = 11,238,513
    5! ÷ (5! × (5-5)!) = 1
    64! ÷ (0! × (64-0)!) = 1
    26! ÷ (1! × (26-1)!) = 26
    1! ÷ (1! × (1-1)!) = 1
    25! ÷ (0! × (25-0)!) = 1
    292,201,338 = 292,201,338
    1
    Calculate:
    (11,238,513 ÷ 1) × (26 ÷ 1) = 292,201,338
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 7:01 PM ET #11

    Quote Originally Posted by Raiders22:

    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.

    .....your right and the only thing i liked about this game reduces to logistics of 58,000 employees of printing and submitting the 1,000 five entrys form a pc. 
     or the possibility of a few syndicates from competeting and having to split the purse. 

    .... well that sucks im just going to pout now for a while and realize as i do it the way it is its the way it .... is.
    Reply
    Quote Originally Posted by Raiders22:

    Maybe this will help you understand where your math is off some. If there were that many combos---nobody would ever win. 


    Powerball Total Combinations
       Since the total number of combinations for Powerball numbers is used in all the calculations, we will calculate it first. The number of ways 5 numbers can be randomly selected from a field of 69 is: COMBIN(69,5) = 11,238,513.  (See the math notation page or Help in Microsoft's Excel for more information on “COMBIN”).

       For each of these 11,238,513 combinations there are COMBIN(26,1) = 26 different ways to pick the Powerball number. The total number of ways to pick the 6 numbers is the product of these. Thus, the total number of equally likely Powerball combinations is 11,238,513 x 26 = 292,201,338. We will use this number for each of the following calculations.

    .....your right and the only thing i liked about this game reduces to logistics of 58,000 employees of printing and submitting the 1,000 five entrys form a pc. 
     or the possibility of a few syndicates from competeting and having to split the purse. 

    .... well that sucks im just going to pout now for a while and realize as i do it the way it is its the way it .... is.
     
    powerball2015
    powerball2015
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    Posted: Jan. 11, 2016 - 7:02 PM ET #12

    https://www.lottonumbers.com/lotto-odds-calculator.asp?Lottery=Powerball

    shows the full mathematical formula
    Reply
    https://www.lottonumbers.com/lotto-odds-calculator.asp?Lottery=Powerball

    shows the full mathematical formula
     
    accventures
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    Posted: Jan. 11, 2016 - 10:28 PM ET #13

    Wtf? So you're telling me there's a chance.
    Reply
    Wtf? So you're telling me there's a chance.
     
    nature1970
    nature1970
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    Posted: Jan. 11, 2016 - 10:57 PM ET #14

    Quote Originally Posted by powerball2015:

    https://www.lottonumbers.com/lotto-odds-calculator.asp?Lottery=Powerball

    shows the full mathematical formula

    I get it the 120 5 way box factor never goes away.

    so its a way for poor ppl to allow a hedgefund to invest 650 million to obtain the tickets and labor to materialize 1.5 billion for a hedge fund to buy up firm providing life saving drugs and jack the price 5,000 percent.


    Lovely.
    Reply
    Quote Originally Posted by powerball2015:

    https://www.lottonumbers.com/lotto-odds-calculator.asp?Lottery=Powerball

    shows the full mathematical formula

    I get it the 120 5 way box factor never goes away.

    so its a way for poor ppl to allow a hedgefund to invest 650 million to obtain the tickets and labor to materialize 1.5 billion for a hedge fund to buy up firm providing life saving drugs and jack the price 5,000 percent.


    Lovely.
     
    chilitokid
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    Posted: Jan. 11, 2016 - 11:27 PM ET #15

    Besides, there isn't enough time in the day to print all those tickets for one person.
    Reply
    Besides, there isn't enough time in the day to print all those tickets for one person.
     
    nature1970
    nature1970
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    Joined: Jan, 2015
    Posts: 21593
    Posted: Jan. 11, 2016 - 11:40 PM ET #16

    Quote Originally Posted by chilitokid:

    Besides, there isn't enough time in the day to print all those tickets for one person.

    no but 158,000 temp data entry making minimum cash 24 hours can fill print out the entrys then a team of 58,000 holding 100 c-notes making 25.00 can be bonded to feed 58,000 machines for roughly 12 hours. two over night shifts when its dead the overnight stores are quiet.

    i understand money ....... i understand teams and i understand if ceo want it done it can be done .
    and this was done in chicago about 10 years ago or so. i thought the increase of balls would prevent it from happening again.
    Reply
    Quote Originally Posted by chilitokid:

    Besides, there isn't enough time in the day to print all those tickets for one person.

    no but 158,000 temp data entry making minimum cash 24 hours can fill print out the entrys then a team of 58,000 holding 100 c-notes making 25.00 can be bonded to feed 58,000 machines for roughly 12 hours. two over night shifts when its dead the overnight stores are quiet.

    i understand money ....... i understand teams and i understand if ceo want it done it can be done .
    and this was done in chicago about 10 years ago or so. i thought the increase of balls would prevent it from happening again.
     
     
    bizkilla
    bizkilla
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    Joined: Jan, 2012
    Posts: 1725
    Posted: Jan. 12, 2016 - 12:20 AM ET #17

    Because it's poor people tax. 
    ...with that said I'll donate $2 for a quick pick 
    Reply
    Because it's poor people tax. 
    ...with that said I'll donate $2 for a quick pick 
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