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Gambling Using the House’s Money to Win the Lottery

by Patsy Gilman
August 11, 2020
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Maybe you have considered gambling using the house’s money to win the lottery? It’s a lot like a method that many people effectively use within blackjack in the casino. Essentially, they bet a continuing bet on every hands so when they win they double their bet around the next hands for the reason that next hands, they’re, basically, playing your regular bet, plus exactly what the house gave them on their own last hands. So, they’re betting using the house’s money.

How may you take that blackjack technique to win the lottery? Allow me to explain within an example. I’ll make use of the Lotto 6/49 lottery in Canada as my example, that amounted to $2 to experience. The chances of winning Lotto 6/49 when you purchase only one ticket is roughly 1-in-14-million.

Let us say you purchase one Lotto 6/49 ticket every Saturday. Which means you gamble $2 each week. So, you’re to get rid of $2 each week. The chances of you winning the jackpot on any particular week could be 1-in-14-million. But, you will find smaller sized prizes to become won. Let us say you match 3-out-of-6 figures to win $10. If you are using the process of gambling using the house’s money to win the lottery, you’d take that $10, as well as the $2 your normal bet to purchase $12 price of tickets the next Saturday. Which means you’d buy six tickets ($12 divided by $2 per ticket). What happens transpires with your chances when you purchase six tickets rather of 1? The chances improve. The chances of winning Lotto 6/49 with six tickets could be roughly 1-in-2.3-million. A lot better than 1-in-14-million, right?

Obviously, should you match 4-out-of-6 figures, you’d win more, maybe around $70. Should you required that $70 the house compensated you, as well as your usual $2, you can buy 36 Lotto 6/49 tickets. The chances of you winning the jackpot would then be bettered to roughly 1-in-389,000.

Should you match 5-out-of-6 figures you’d win around $1500. Take that, as well as your usual $2 and you can buy 751 Lotto 6/49 tickets. The chances of you winning the jackpot would then be roughly 1-in-19,000.

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