15-Jun-2024 16:58 GMT.
[News] New program for AmigaOS & MorphOSANN.lu
Posted on 03-Oct-2004 22:09 GMT by dr.Albarracin12 comments
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Under the link you can download the last program made using the well knowed Milton Methode, a program able to predict the "Quiniela" an spanish lotery game. The program is in spanish, we don't know if this game is useful in other countryes. AmigaOS and MorphOS executables in the same archive. Download the file here
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Comment 1julius earwing03-Oct-2004 21:38 GMT
Comment 2Lando03-Oct-2004 21:53 GMT
Comment 3Anonymous03-Oct-2004 22:35 GMT
Comment 4TRAPOSOFT03-Oct-2004 22:37 GMT
Comment 5Lando03-Oct-2004 23:11 GMT
Comment 6julius earwing04-Oct-2004 00:18 GMT
Comment 7julius earwing04-Oct-2004 04:16 GMT
Comment 8Darth_XRegistered user04-Oct-2004 04:38 GMT
Comment 9ece04-Oct-2004 05:12 GMT
Comment 10Anonymous04-Oct-2004 13:24 GMT
Comment 11ceporrino04-Oct-2004 21:26 GMT
New program for AmigaOS & MorphOS : Comment 12 of 12ANN.lu
Posted by MarkTime on 08-Oct-2004 17:48 GMT
In reply to Comment 10 (Anonymous):
>> So you will still on average lose a lot of money, but if you don't lose you will get more than you might otherwise.

You are incorrect. As an example, if the odds of winning the prize, without splitting it, are 1 in 100million, and the pay-out exceeds 100million dollars...then 'on average' you do not lose money, but gain money.

There are situations where the lottery, on average, has become a good investment, because the payout exceeds the odds. This is fine for the lottery officials, because they were never expecting 100% return...and if one week they pay out more than they take in, thats ok...you just have to wait for that week to occur (which obviously is not every week)

but meanwhile, back in the real world, all that happens, is you put down a dollar, and you lose the dollar, cause the odds are still astronomical...

however, for institutional investors, there are times when it would make good sense to buy 100 million lottery tickets or so, and bank on winning not only the grand prize, but all those smaller prizes for partial matches as well....which is exactly why such practices are banned in all the states lotteries that I know about....

anyway, I tend to agree, that these lottery programs are a complete waste of time.
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