I didn't win the lotto

littletiger

I am not a betting man and I don't usually do the lotto, but last night I followed like a sheep, every other fool who did it, into the shop did an 8 euro quick pick.

I know doing the lotto is ludicrous doing the lotto with a 1 in 8,145,060 of winning.

What is the best and simple way of making money from gambling where mabye returns are small but odds are better than the lotto.

regob

littletiger wrote: »

I am not a betting man and I don't usually do the lotto, but last night I followed like a sheep, every other fool who did it, into the shop did an 8 euro quick pick.

I know doing the lotto is ludicrous doing the lotto with a 1 in 8,145,060 of winning.

What is the best and simple way of making money from gambling where mabye returns are small but odds are better than the lotto.

winning a nobel prize

Mr.Lizard

littletiger wrote: »

What is the best and simple way of making money from gambling

Open a bookies.

mike65

Put your 4 euro on Delegator to win, 3:35 CRAVEN STAKES curently at 1.72 so if it wins you'll have €6.91c

holly1

littletiger wrote: »

I am not a betting man and I don't usually do the lotto, but last night I followed like a sheep, every other fool who did it, into the shop did an 8 euro quick pick.

I know doing the lotto is ludicrous doing the lotto with a 1 in 8,145,060 of winning.

What is the best and simple way of making money from gambling where mabye returns are small but odds are better than the lotto.

Do the lotto in the post office,a friend of mine has won 20000euro and a few 10000euro doing it this way.

Sam Kade

littletiger wrote: »

I am not a betting man and I don't usually do the lotto, but last night I followed like a sheep, every other fool who did it

One of those fools is €250,000 richer after last night.

david

Put your money on Dusty Carpet at 2.15 today. Never been beaten.

Codofwar

I didn't win the lotto last night either, I really should start buying lotto tickets if I want to win.

holly1

I would love to be that sheep!!!!!!!!!!!!!

Tallon

My GF asked me to do the lotto last night and gave me €4, but I forgot to get it so now im up €4.... Wooo hoo

(lets hope she doesnt read this)

Quazzie

holly1 wrote: »

Do the lotto in the post office,a friend of mine has won 20000euro and a few 10000euro doing it this way.

Are you saying lotto tickets bought in a post office have a better odds of winning??

Please say yes so I can justify laughing this hard!

Chocoholic84

Ah I didn't win either

My dad ALWAYS does it, and always picks the same numbers.

4 of them came up last night, which would have bagged him 50 quid.

I rang him up to congratulate him, and he had forgotten to do it- to say he was outraged was an understatement!

Fizman

david wrote: »

Put your money on Dusty Carpet at 2.15 today. Never been beaten.

Haha. I'm sure thats as old as dinosaurs in the racing world, but its new to me!

Hephaestus

I matched 4 numbers on lotto plus 1 which means I won €15. My highest ever winnings

Pity I spent €16 buying 8 lines - I'm down €1 overall

holly1

Quazzie2002 wrote: »

Are you saying lotto tickets bought in a post office have a better odds of winning??

Seems so,she won 20000euro for four numbers.I dont know how much she put on them.T he second amount was 1000euro (not 10000).The odds are better.


Please say yes so I can justify laughing this hard!

I dont mind you can laugh till yea drop,she laughing also:D

deco05ie

Sam Kade wrote: »

One of those fools is €250,000 richer after last night.

If someone put all his money on a horse and the horse won, the guy is still an idiot for doing it.;)

Vim Fuego

Financial spread betting probably the best form of gambling at the moment, just go short on everything while it's all doom and gloom. Risky business though.

littletiger

Chocoholic84 wrote: »

Ah I didn't win either

My dad ALWAYS does it, and always picks the same numbers.

4 of them came up last night, which would have bagged him 50 quid.

I rang him up to congratulate him, and he had forgotten to do it- to say he was outraged was an understatement!

Poor B*****d

BubbleWrap85

You'd think in this recession people wouldn't have the money for spending on lotto.... or maybe they don't. Maybe our chances are increased!! Seeing as I get such a good salary, sure maybe I could gamble a couple of euro a week??

Bluetonic

littletiger wrote: »

What is the best and simple way of making money from gambling where mabye returns are small but odds are better than the lotto.

Work out the odds for an event yourself and then look at the odds offered by a bookie, where the odds offered in the bookies are higher back this outcome.

If you do this then you will be guaranteed to make money, your only problem is how good are you at compiling odds?

Simply put if you consistently back where value is offered you will make money.

_feedback_

I do the lotto most of the time .. the most I have one is €58 last year. Was quite happy with that.

I don't check my tickets too often and a lot of the time have 5 or 6 to check at once. I'll go up and scan them in the machine at the counter and - NOT A WINNER - will appear of course. It's annoying because NOT A WINNER stays on the screen for what seems like a minute at a time.

Then I feel like a real fool after spending 5 mins checking them, crumpling them and throwing in bin... Turning to the assistant: "Can I've a quick pick for tonights lotto please?" I'm sure they are thinking - fool fool fool.

deco05ie

BubbleWrap85 wrote: »

You'd think in this recession people wouldn't have the money for spending on lotto.... or maybe they don't. Maybe our chances are increased!! Seeing as I get such a good salary, sure maybe I could gamble a couple of euro a week??

chances of winning the lotto does not increase based on the amount of people who play. It could affect prize money though.

deco05ie

Bluetonic wrote: »

Work out the odds for an event yourself and then look at the odds offered by a bookie, where the odds offered in the bookies are higher back this outcome.

If you do this then you will be guaranteed to make money, your only problem is how good are you at compiling odds?

Simply put if you consistently back where value is offered you will make money.

how could possibly hope to be better at compiling odds then bookies?

Sleipnir

littletiger wrote: »

I know doing the lotto is ludicrous doing the lotto with a 1 in 8,145,060 of winning.

It's not ludicrous because of the odds. People do win it after all! People who have the same odds as your or me!

Kinetic^

littletiger wrote: »

I am not a betting man and I don't usually do the lotto, but last night I followed like a sheep, every other fool who did it, into the shop did an 8 euro quick pick.

I know doing the lotto is ludicrous doing the lotto with a 1 in 8,145,060 of winning.

What is the best and simple way of making money from gambling where mabye returns are small but odds are better than the lotto.

Can you or someone else explain how those odds are calculated?

Quazzie

holly1 wrote: »

I dont mind you can laugh till yea drop,she laughing also:D

Have you ever questioned how much she spend on lotto tickets.

She is obviously the exception to the rule. I once saw a shooting star in Galway, does that make it more likely to see shooting stars in Galway?

Quazzie

Kinetic^ wrote: »

Can you or someone else explain how those odds are calculated?

http://indigo.ie/~gerryq/Lotodds/lotodds.htm

dublinario

Cross-breed a Delorian with a time machine, and travel into the past armed with a pamphlet of sporting results.

But be warned: anything you change in the past could have dire consequences in the future. I once travelled back to the past and scooped a big win on Mike Tyson getting knocked out by Buster Douglas. When I got back to the present, pensies were no longer two feet long by standard.

zonEEE

Kinetic^ wrote: »

Can you or someone else explain how those odds are calculated?

I think there wrong its something like 5million, did it in probability in a grind the other day


edit
Its 5,245,786 Thats the amount of different combinations that can come out.

Bluetonic

deco05ie wrote: »

how could possibly hope to be better at compiling odds then bookies?

It's not about being 'better', bookies will have odds based also on their exposure (liability) to an outcome (as well as the chance of the outcome) whereas if you compile your own your compiling based purely on your perceived chance of that outcome you don't have an exposure factored in.

Its not each to compile a book but it's beneficial long term and it gets easier.

Quazzie

strongr wrote: »

I think there wrong its something like 5million, did it in probability in a grind the other day

I'd ask for my money back. the odds are right