Quote (-=vasya=- @ Nov 12 2009 06:18pm)
what if i buy 1000 lotery tickets every day for 5 years
what are my chances of winning it ?
if you are speaking about a daily draw lottery it would go like this:
each day lets assume 1 million tickets are sold
u buy 1000
thats gives you a 1000/1,000,000 chance of winning
1/1000
but because the lottery restets each day and we must assume the number of people that buy tickets is somewhat constant you have the same odds each day
so 1/1000 for 5 years, should still be 1/1000
the fact is that much more than 1 million tickets are sold
and that the lottery doesnt reset each day making it even harder to win as the pool grows larger
This post was edited by thesnipa on Nov 12 2009 06:21pm