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Buying another lottery ticket doesn't double your chances, amirite?

14%Yeah You Are86%No Way
Money & Economics
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Yes it does. It's still quite small but it certainly is double.

Anonymous +13Reply

For that you need to buy the same ticket twice.

loser smilie
Even if you bought all possible outcomes you would lose lots and lots of money.
loser smilie

Anonymous +10Reply

What if you buy all the tickets your chances would be 100/100

@Legomanfr What if you buy all the tickets your chances would be 100/100

you know how the jackpot gets to be a million dollars? because people buy tickets, if you bought all the tickets youd at best only get back what you bought

Anonymousmouses avatar Anonymousmouse Yeah You Are +6Reply

Each ticket you buy is a 50 50 chance right? You're either gonna win or you're gonna lose...

If the chance of winning is 1/100 it does.

@Bunionsbill No then it'd be 2/101

No. If s ticket has a chance of 1/100 then the chance of wining with either is 1 - (99/100)*(99/100) which is aprox 2/100. Why did you add 1 more ticket number out of nowhere?

@Legomanfr No. If s ticket has a chance of 1/100 then the chance of wining with either is 1 - (99/100)*(99/100) which is aprox...

My guess is this is largely a misunderstanding down to different types of lottery. This would apply to the 'draw a name from a hat' approach. But not a 'pick a set of numbers' approach.

Anonymous +7Reply

We as science students are taught that when its 0.019 its ≈0.02 so ill take it as double.

The understanding is that:

You have a ticket with 1/100 of a chance to get a prize

If you buy another ticket the odds would go up by one

And that would make your original ticket worth 1/101

And make the other ticket be worth 1/101 as well

And if you add them together you get 2/101

Which isn't double of 1/100

Anonymous +8Reply
@The understanding is that: You have a ticket with 1/100 of a chance to get a prize If you buy another ticket the...

Didn't know it worked like this, where i live you choose a set of numbers and you win if they get drawn. Even so, 2/101 is very close to the double of 1/100

Depends on the lottery...

@Edgycorner Why not

if there where only 4 tickets and you bought two then your chances are doubled. (i think thats correct math,

Anonymousmouses avatar Anonymousmouse Yeah You Are +8Reply

The arguments here just prove why the lottery works so well as a tax. 😶

Anonymous