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Originally Posted by sandrabell
here is the odds of ever winning the lotto as you no there 14,000.000to 1
in other words imagine the 14.000.000 million balls going around in a manchine lets say youve brought 1000 tickets your chance of winning is 1 now in 13.999.000 in other words still no chance ?
its like you going to place a bet in the bookies there 10 horses in the race you back one horse the bookie in the other hand has 9 horeses in the race you only have one ? who has the greatest chance of winning out of you and him ? his odds are 9 times greater than your ?
just like the lottery the odds are well stacked in there favour
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That's not correct to say the bookmakers chances are 9 times greater if you back one horse in a 10 runner race, as different horses have different chances. Take a look at an SP stats table sometime, it is quite phenomenal how accurate SP's are, especially on favourties (a slight % to the book makers but Evens shots win 48% of the time, which undermines your example completely
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