|[News] New program for AmigaOS & MorphOS||ANN.lu|
|Posted on 03-Oct-2004 22:09 GMT by dr.Albarracin||12 comments|
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
|List of all comments to this article|
|New program for AmigaOS & MorphOS : Comment 12 of 12||ANN.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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