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!

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    Blog posted on: March 22, 2005

    8 comments on “Odds

    1. jim

      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. :)

      Reply
    2. Anonymous

      If you are really looking to make money “gambling”, go to http://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.

      Reply
    3. Anonymous

      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!

      Reply
    4. Anonymous

      Well, you are obviously not smart enough to be posting a financial blog.
      You’ve just lost one reader.
      Have fun with that…

      Reply
    5. Neville

      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!

      Reply
    6. Drue

      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.

      Reply
    7. Anonymous

      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.

      Reply

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