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Tuesday, March 22, 2005

Odds

Well a lot of people are against the gambling idea! I will still give it a whirl to see what comes from it. If anything, it will be a nice $200 lesson for me.

I might also buy $100 worth of $1 scratch-off lottery tickets and display the averages of my winnings, this has been an experiment I've wanted to try for some time now. It would not only be educational as I would have to do a little research on statistics and averages, but it would also be kind of fun! Would anyone else like to see me do this?

I have another article in the Daily Texan tommorrow on qualities employers look for, I'll post it tommorrow!

posted by Neville @ 10:14 AM   8 comments

8 Comments:

At 10:55 AM, Anonymous jim said...
Haha, that'd be fun except I believe scratch offs are statistically the worst odds of any game. Go play poker or bet on a sports game and have the rush last longer than thirty second. :)

 

At 12:38 PM, Anonymous Anonymous said...
If you are really looking to make money "gambling", go to www.cheatatblackjack.com -- I tried it and made a lot of money in a short period of time.

You will never win at casinos unless the odds are in your favor -- just make sure you stick to the winning strategy, and I guarantee you that you will come out a winner.

 

At 2:20 PM, Blogger Cap said...
lol. as long as u dont get what those NYer got in their scratch offs. http://www.cnn.com/2005/US/03/22/scratch.match/index.html

and yeah if I was going to blow money on gambling, which I do once in awhile.. I play poker. But im a horrible poker player. I cant stop giggling when I have a great hand.

 

At 8:37 PM, Anonymous Anonymous said...
I've always wanted to know what would happen if you bought tons of scratch-offs!

I hope you do your "experiment" soon, I'll be waiting for the results!

 

At 5:51 AM, Anonymous Anonymous said...
Well, you are obviously not smart enough to be posting a financial blog.
You've just lost one reader.
Have fun with that...

 

At 10:22 AM, Blogger Neville said...
Dear Anon,

A blind, one-legged monkey can start a financial blog if he chooses to. The one I really feel sorry for is the person that takes all their financial advice from his blog.

I do not advertise one bit on my site, so I make no revenue no matter how many people visit. In fact, I use my own business server to host this highly trafficked site meaning I am using up valuable resources to keep it online.

Because I am experimenting with alternate, non-traditional forms of investing means you will stop reading?

There is no gun to anyone's head to read this blog (ok, maybe a FEW), but I'd appreciate you stopping by and seeing the results later this week!

 

At 12:22 PM, Blogger Drue said...
I don't know if you bothered doing this or not, but 20/20 did a similar test with 500 dollars and saw NO return on investment, there was a loss...they only cashed in about 400 dollars on tickets.

Interesting test, though. One thing they did not do on 20/20 was buy a entire roll of tickets. With an entire roll the odds might go up with that particular game - based on the number of tickets printed ad the number of big money wins within that pool. Otherwise you are spreading your chances out and lessening your odds.

 

At 7:38 PM, Anonymous Anonymous said...
I myself am about to spend One Hundred dollars on scratch off's. Though many people tell me this a horrible idea I personally know people who have won large sums of money in random gambling.

The only question I have is "Does any one know a website in which I can odd's of particular scratch off's? And which is better? To buy high dollar scrath offs i.e 5 & 10 or smaller sums i.e. 1? I was thinking 5 would have higher odds to win, but 1 I could by more therefor hopefully increasing my odds in winning? I havent a clue, good luck with your test.

 

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