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Gambling Wisdom of the Week: “Adventure upon all the tickets in the lottery, and you lose for certain; and the greater the number of your tickets the nearer you approach to this certainty. Oh, and the odds of hitting it? Drum roll please – two quadrillion, 946 trillion, 096 billion, 780 million to one.” – Adam Smith...
If you were to play one keno ticket per second, 24 hours a day, 365 days a year, according to laws of probability, you would catch 19 out of 20 once every 93,420,116 years.Sounds easy, right? Well, here is where I am going to need some convincing that this is even a possibility.With jackpots in the millions, I can see how easy it is for players to inhale jackpot helium....
Makes you sort of wonder why it’s popular, doesn’t it!So, should you even be playing? As long as you realize that hitting “the big one” is a never-in-your-lifetime probability, I am not opposed to dabbling a few – I mean a few – disposable dollars’ worth of Lottery Quick Picks for a shot at a once-in-a-lifetime possibility.That said, there are times that I am not entirely convinced that every gambling probability will come to fruition over time. The Big Bopper died in a plane crash in February of 1959 along with American music legends Buddy Holly and Ritchie Valens, as well as their pilot, Roger Peterson....
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If you were to play one keno ticket per second, 24 hours a day, 365 days a year, according to laws of probability, you would catch 19 out of 20 once every 93,420,116 years.Any jackpot that has a probability of hitting, like, for instance, a Powerball ticket or a progressive slot machine, ought to eventually pay off if it is played long enough.Another is this popular ticket in Nevada—the 15 spot....
