Pointless. The occurrence or not of a particular number or set of numbers in past draws has absolutely no bearing on its occurrence or not in subsequent draws. Markov or something like that...
Two points (a) a Lotto ticket is not an "investment" and (b) real asset investments are not subject to the same statistical behaviour as lotteries.Fully aware of the doctrine of "Past performance is not an indicator..." but you then have to apply the same rule to any investment. So would that mean all investments are ultimately pointless?
It's pointless gambling on the basis that certain numbers have or have not come out at some point in the past. Each draw is totally independent of all others so the occurrence or not of specific numbers in past draws has absolutely no bearing on their occurrence or not in future draws.There has never been a number that has not come out after x amount of draws, yes, x is unknown, but historically x does exist.
I dont have the bottle or cash to go through with it but I dont see how it wouldnt work if you had a large enough bankroll and a bookie willing to take the bet if the wager got large enough (at odds of 6/1).
if you have a few quid and a bit of bottle, find out what number has taken the most amount of time to come out, put 1e on it coming out in the next draw, (does the lotto still let you do that?) If it doesnt come out, next draw, put 2e on etc.
Two points (a) a Lotto ticket is not an "investment"
This is incorrect. There is nothing to prove that any number will ever come out.youre putting money on the fact a certain number will come out eventually, which its statistically proven, will.
This is incorrect. There is nothing to prove that any number will ever come out.
Probability and variance.This is incorrect. There is nothing to prove that any number will ever come out.
The problem is that eventually you will get a losing streak long enough to bankrupt yourself before the streak ends.Keep betting on one number, stick to it, double your stake each time it doesnt come out.
You can test this. With a bit of work, you can copy and paste all previous numbers from lotto site into an excel spreadsheet. some filters and functions, then pick any date over the last 10 years. go to that date in the spreadsheet, work back from that date and work out which number has taken the longest to come out, start with that number. Lets say the number 23 hasnt come out in 10 weeks. If you found the longest any number ever took to come out was 20 weeks, if it went the longest ever, you got another 10 weeks to go.The problem is that eventually you will get a losing streak long enough to bankrupt yourself before the streak ends.
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