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Posted

He does have quite a lot to say about the accuracy and reliability of the forecasting of the numbers to be drawn, and to not rely on them absolutely!

Posted

I tried to do that in the 1980’s using Finite State Machines to teach the computer to pick patterns in data sets. Hopefully his efforts will be more successful. 

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Posted

Remember the acronym GIGO from back in the early days of the use of computers to analyse data? GIGO stands of "Garbage in, Garbage out", and means that the output is only as good as the input. That's all Artificial Intelligence does, analyse the data with which it is provided. In other words, it can only analyse what has happened before. It cannot predict what will happen in the future.

 

As for selecting six numbers from a group of forty, the probability of doing that is astonishingly low. We need to choose 6 numbers from 40. Fine, there are 40 choices for the first number, 39 for the second, 38 for the third, 37 for the fourth, 36 for the fifth and 35 for the sixth to give 40 x 39 x 38 x 37 x 36 x 35 (that’s a pretty big number!) But there are 6 numbers so above we have counted each possibility in 6 x 5 x 4 x 3 x 2 x 1 ways. This means that the number of ways of choosing a group of 6 numbers from 40 is equation. for each group.

 

That is for each entry to the game. That's why it's called "gambling". Gambling is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted.

 

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  • Informative 1
Posted

Played the same set of numbers for years, didn't do any good. Switched to Quick Picks, never won a fortune, but occasionally win the ticket price back. Only take a mini qp, 6 games. If you are meant to win, one game is all you need, if not, 500 games won't help. Just in it for the interest. As the old Tatt's motto said, you've got to be in it to win it.

 

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  • 1 month later...
Posted

I have never checked it out Bruce. I'm in it for the interest. If I don't get a prize, it doesn't break the bank. If I win a small prize, I can enter the next draw free, and maybe even have a Whopper for lunch. If I win more, so much the better. I've seen people walking away from the Lotto counter with a ticket 2 metres long. Cost them over $150. No guarantee that they won more than my 6 game ticket.

  • Agree 1
Posted

It would take an army of helpers and you'd run out of time to buy all the tickets - and the ticket numbers are not limited, they can keep increasing up to the cut-off time, thus increasing the total prize pool.

There was an idiot here in W.A. about 20-odd years ago, who thought they could win first prize by buying half a million dollars worth of tickets - with a fraudulent cheque. They spent about $480,000.

The newsagent had to employ extra people to print the tickets - then found out the cheque had bounced. It sent the newsagent bankrupt, and there was only about $180,000 in win money to cover the loss.

The bloke was jailed for fraud, but I guess that was little comfort to the newsagent, who lost everything.

Posted
3 minutes ago, onetrack said:

It would take an army of helpers and you'd run out of time to buy all the tickets

Not to mention the queue of customers waiting to buy a ticket.

  • Like 1
Posted
29 minutes ago, onetrack said:

It would take an army of helpers and you'd run out of time to buy all the tickets - and the ticket numbers are not limited, they can keep increasing up to the cut-off time, thus increasing the total prize pool.

There was an idiot here in W.A. about 20-odd years ago, who thought they could win first prize by buying half a million dollars worth of tickets - with a fraudulent cheque. They spent about $480,000.

The newsagent had to employ extra people to print the tickets - then found out the cheque had bounced. It sent the newsagent bankrupt, and there was only about $180,000 in win money to cover the loss.

The bloke was jailed for fraud, but I guess that was little comfort to the newsagent, who lost everything.

Ummm... what sort of idiot would take a cheque for half a million from someone wanting to buy lotto tickets?  

That sets off so many alarm bells.  Sorry for the newsagent who went broke, but if they're that gullible, it was bound to happen sooner or later.

  • Agree 2
Posted (edited)

It's not quite as stupid as it sounds, Marty, apparently the cheque presenter made a convincing case and was very persuasive.

It was probably more than 20 years ago, might have been 30 years ago, I can't find any record online of the incident now. It was in the pre-internet era where cheques were presented daily, and normally honoured.

But yes, the sheer size of the cheque would raise suspicions - but there's plenty of people who are quite capable of producing a payment of that level, without batting an eyelid.

 

One of the things that interests me about Lotto is the number of obviously very wealthy people who buy tickets. They spend huge amounts on tickets, I've seen them spend $200-300 at a time, but it's obvious they don't really need the money.

 

Some interesting stories on Reddit - and one of the outstanding things about Lotto wins, is how few people can handle their wins wisely, most blow it within a short time and are back to a 9-5 job with no money.

My workshop neighbour had a mate who won $30M, he reckoned you would never know, he didn't splash the cash in an extravagant manner, but he drove a top of the range Beemer.

 

The in-laws of one nephew of SWMBO won $1.9M around the early 1990's. The ticket was shared by two women, one of them was SWMBO's nephews MIL. Her hubby was just a taxi driver.

They got $950,000 and enjoyed an "upgraded" lifestyle for about 3 years - then the taxi driver got cancer, and died! I suppose at least he had 3 years of good worry-free lifestyle.

 

https://www.reddit.com/r/australia/comments/15f4iyf/do_you_know_anyone_that_has_actually_won_lotto/

 

I'm convinced some people are just plain lucky, time after time. The son of a former farmer client, an already wealthy family, bought a "scratchie" when they first came out in the early 1980's. The top prize was $50,000.

So Ross buys a scratchie, and wins the $50,000 first prize! But wait, it gets better. The Lotteries Commission had a "second chance" draw of $25,000 on the scratchies, whereby you placed your losing ticket in the second chance draw.

So Ross buys another scratchie and loses - and puts his losing ticket in the second chance draw - and wins the $25,000!! This was only about 18 mths after his $50,000 scratchie win.

 

Then Ross moves in closer to Perth, and buys quite a few hundred acres in a very nice high rainfall area about 80kms NE of Perth. He does very well out of the farm, over about 30 years - then a mining company rolls up and starts drilling on his farm.

Next thing, the mining company announces a massive find of platinum group metals on his and neighbours properties - with a mine planned in the next couple of years - so they offer to buy Ross's farm at DOUBLE the market price!!

Bear in mind that farmland prices have already gone ballistic, tripling in value in the last 15-20 years - so Ross walks out with another mega-million dollar win!! The bloke has the Midas touch!!

 

Edited by onetrack
  • Haha 1
Posted
5 minutes ago, onetrack said:

some people are just plain lucky,

There was a report a couple of weeks ago about a guy who won 1st division twice in the same year. I can't remember any other details.

  • Informative 1
Posted
1 hour ago, onetrack said:

It's not quite as stupid as it sounds, Marty, apparently the cheque presenter made a convincing case and was very persuasive.

It was probably more than 20 years ago, might have been 30 years ago, I can't find any record online of the incident now. It was in the pre-internet era where cheques were presented daily, and normally honoured.

But yes, the sheer size of the cheque would raise suspicions - but there's plenty of people who are quite capable of producing a payment of that level, without batting an eyelid.

 

One of the things that interests me about Lotto is the number of obviously very wealthy people who buy tickets. They spend huge amounts on tickets, I've seen them spend $200-300 at a time, but it's obvious they don't really need the money.

 

Some interesting stories on Reddit - and one of the outstanding things about Lotto wins, is how few people can handle their wins wisely, most blow it within a short time and are back to a 9-5 job with no money.

My workshop neighbour had a mate who won $30M, he reckoned you would never know, he didn't splash the cash in an extravagant manner, but he drove a top of the range Beemer.

 

The in-laws of one nephew of SWMBO won $1.9M around the early 1990's. The ticket was shared by two women, one of them was SWMBO's nephews MIL. Her hubby was just a taxi driver.

They got $950,000 and enjoyed an "upgraded" lifestyle for about 3 years - then the taxi driver got cancer, and died! I suppose at least he had 3 years of good worry-free lifestyle.

 

https://www.reddit.com/r/australia/comments/15f4iyf/do_you_know_anyone_that_has_actually_won_lotto/

 

I'm convinced some people are just plain lucky, time after time. The son of a former farmer client, an already wealthy family, bought a "scratchie" when they first came out in the early 1980's. The top prize was $50,000.

So Ross buys a scratchie, and wins the $50,000 first prize! But wait, it gets better. The Lotteries Commission had a "second chance" draw of $25,000 on the scratchies, whereby you placed your losing ticket in the second chance draw.

So Ross buys another scratchie and loses - and puts his losing ticket in the second chance draw - and wins the $25,000!! This was only about 18 mths after his $50,000 scratchie win.

 

Then Ross moves in closer to Perth, and buys quite a few hundred acres in a very nice high rainfall area about 80kms NE of Perth. He does very well out of the farm, over about 30 years - then a mining company rolls up and starts drilling on his farm.

Next thing, the mining company announces a massive find of platinum group metals on his and neighbours properties - with a mine planned in the next couple of years - so they offer to buy Ross's farm at DOUBLE the market price!!

Bear in mind that farmland prices have already gone ballistic, tripling in value in the last 15-20 years - so Ross walks out with another mega-million dollar win!! The bloke has the Midas touch!!

 

Maybe people were more trusting back then because scams weren't as common - but some cheques were still rubber, so you'd think some proof of liquidity would be required before such a massive purchase.

Especially as it was so long ago - an amount like that would buy several houses 30 years ago (average Australian house price was $184k - in places like Tassie, far less - I bought my first house for $70k around then).

There are people who win multiple times, I'm no statistician but I believe the odds are exactly the same each time no matter how many times you've won before - so while it appears strange, it's probably not.

  • Agree 2
Posted
1 hour ago, Marty_d said:

Maybe people were more trusting back then because scams weren't as common - but some cheques were still rubber, so you'd think some proof of liquidity would be required before such a massive purchase.

Especially as it was so long ago - an amount like that would buy several houses 30 years ago (average Australian house price was $184k - in places like Tassie, far less - I bought my first house for $70k around then).

There are people who win multiple times, I'm no statistician but I believe the odds are exactly the same each time no matter how many times you've won before - so while it appears strange, it's probably not.

I remember my parents bought a property for around $30k. I can't believe it with what house prices today are. If only property was that accessible again.

  • Like 1
Posted

It is.

Just not were you want it ! .

A church at the back of Dubbo went home for under $30,00 .

On 25 acres of land . Someone bought it & resold that church for $35,000 

On 5 acres . 

Queensland,  they sold  cattle paddocks at $ 1,000 an acre .(  n o livestock allowed ) now has dairy cattle on those " chemical " crop dusted fields .

spacesailor

 

 

 

 

 

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  • 1 year later...
Posted

Back in my 30s , l bought this so called system. It could do much better now with AI but even back then if you understood how it worked, can't even remember it now ha ha but l calculated that it should win within 12mths. lf you bought the tickets every wk.

 

Back in my 20s though my gf and l had this just one 4 square ticket. We picked the numbers together when we 1st met and she'd put it on every wk. That ticket was a freak, we won about 10grand with it over the 2yrs we were together. It'd win something every 2nd or 3rd wk in some division or other. The biggest was about 2k  but wasn't a doubt in our minds one day, that thing would've won the biggie. 

Lost touch with her when we split and the ticket went with it , damn it.

But the funniest thing though, there was one number on it l could remember that always seemed to be in our winnings- 24. 

Well at my work later they started running just a one number draw thing, whoever got the number won the money in the jar. l picked and held onto 24 and guess what, l was the only one that ever won that thing in the 6mths. There was about 7 of us but l was the only one, l shyt u not.

So l still went on to win another 5 or 600 with one number from that ticket. They were all getting really pissed at me and l was feeling guilty to, was kinda relieved to leave that job in the end. 😁

 

 

 

 

 

 

 

 

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Posted

l left Melb early 30s and never really started lotto again , always wish l did though. We had fav local newsagents back then though that always gave out a nice vibe and they were always really convenient to but l never really felt that with others when l left so just never got around to restarting.

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Posted

The Victorian guy who won the $50,000,000 last night did so on a four-game self marked ticket that cost him $6.50. Smaller than a mini quickpick.

 

I only take a mini quickpick (6 games), when the jackpot is greater than $10million. I've won a few small prizes, but as they say, win a bit, lose more.

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