Post
Topic
Board Gambling
Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!!
by
JP Esq
on 20/09/2019, 21:02:36 UTC
The win chance shown in lottery section of freebitco website is calculated wrong. The real win chance is bigger than what is shown.
Now the win chance shown is equal to [(your tickets/total tickets)*100%]*10. It's wrong.
The real win chance is bigger. Because the person who wins the first prize will no longer have the chance to win the second to tenth prize, and all his tickets are removed when next winners are being determined.
Some people like you think lottery is something very easy to win, we are talking about odds that many people don't even bet on dice games, it is literally less than 0.1% chance most of the time, of course you will lose every single time because it is lottery and there are literally millions of tickets every single week, so you do not have a chance to win it 99.9%+ of the time every single week, don't look at it like dice players do where they think after 17 losses it must be a win on 18th because every single bet is a new one and every single lottery is a new one, you will end up losing every single time.

A guy with 1 ticket technically has the same chance of winning the big bet as someone who has 1 million tickets, only 1 ticket will win an you do increase the chance by having more tickets but in the end there are so many combined that you are just another ticket holder among many.

It seems that you misunderstood me. I didn't talked about possibility of winning. I know how a lottery works. I know that some one who has only one ticket might win the lottery and there is no guarantee to win the lottery even if you have 1 million tickets. I know all of these.
I just talked about the percentage of win chance which is shown in front of number of your tickets on the website. The win chance which is calculated there is wrong. I just talked about a mathematical calculation. I didn't talk about how a lottery works or how the winners are determined. I know everything is based on luck.

Technically, you're correct. However, the actual win percentage is unknown before the draw because nobody knows how many tickets each of the ten winners will hold.

To be more precise, the caption should say something like: "minimum win percentage".

In a lot of cases, I would guess that the actual number isnt much higher then the displayed number.