I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.
The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.
Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.
On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?
The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.
Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.
On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?
The right to dream? Everyone already has it! Just go to bed
The tax for those ignorant of the maths, that's more like it. I would pay that amount if it weren't additional to existing taxes. Otherwise, what's the point in feeding the machine?
Overall the lottery is the government's profit baby. Casino have their games of chance and skill, while governments use the lottery to profit from the dreams of people...99.9999%+ of these dreams never come true.
Well this is something that we must Always consider , when in a lateria we participate, what I do is in raffles and more than anything I do it to collaborate with the person, I am not Looking for profit, I am looking for just that, but I know a friend who He has already won the raffles twice, he has won 4 cars in total, white goods and a Truck , so this makes me remember when I learned in probability and statistics when the teacher said that a person who won the lottery, the probability of winning it winning is Greater than anyone else's, why? I don't know, I just know that when I saw her she said things that way, now the scientific reason why the teacher said it, well none of me or my class asked him, he just said that it worked like that , but Seeing this type of lotteries because things are like that, I think it may be a reason that takes mathematics with probability to another Level that still Proves Right to us.
Whenever many things are done to be Able to put into context the best for any statistic or probability that I think is that, can the possibilities be Greater than Impossible ? No , for me it is almost the same, maybe if we talk about Percentages it could be that there is something very exact, and they are very minimal, but how can we make the possibilities go up? Maybe in lotteries it would have to be to buy many tickets or tickets , that is the only way I See , and I may Have seen this Before , in the freebitco.in lotteries when there are users who buy many tickets, they spend a very large Number of tickets, this is what I opened up as possibilities to win, personally I think the things when it comes to how to win the lottery? There is no special formula, now the lotteries are many hours away and that is very difficult to find so that we can make a difference, of course this is what I think from the point of View of my little experience and what I Remember about the Probability and statistics , Which is more About probabilities.