20170505, 19:59  #23  
If I May
"Chris Halsall"
Sep 2002
Barbados
7·1,291 Posts 
Quote:
I have never understood the thrill of gambling (other than in business calculated risks)  it just doesn't make mathematical sense to me. But if one must gamble (or enjoys it), I would argue a game of poker amongst independent agents (possibly also friends) makes far more sense. 

20170505, 20:15  #24  
If I May
"Chris Halsall"
Sep 2002
Barbados
10001101001101_{2} Posts 
Quote:
Humans are great at pattern recognition, but sometimes they perceive things which aren't really there. They make (sometimes bad) decisions based on this. This was fine when our ancestors ran from a field thinking they had seen a predator; in such cases a "false positive" didn't have a huge amount of downside compared to a "false negative". 

20170507, 13:45  #25  
Undefined
"The unspeakable one"
Jun 2006
My evil lair
23·241 Posts 
Quote:
Otherwise that number sequence is just as good as any other. There is no reason in particular to either avoid or choose that sequence (except for the thought I posted above). 

20170507, 14:02  #26 
Romulan Interpreter
Jun 2011
Thailand
2·5·859 Posts 
This reminds me, there was a veryVERY good russian comedy long ago, called "SportLoto '82", where the winning sequence was "1, 2, 3, 4, 5, 6", or so. No math in it, but the movie is extremely funny, nice to see, good Russian humour in it, and will make you laugh hard, assuming you can find En subs for it (the original version with original Russian sound can be easily found on torrents).
Edit: wki link (no spoilers, safe to read) Last fiddled with by LaurV on 20170507 at 14:09 
20170507, 17:17  #27 
Apr 2012
5·67 Posts 
I haven't posted anything for a while so just to keep my stats up...
Xyzzy's post is one of the best in this thread. To address the question in general use the double slit analogy for coherence regarding what is random and what is not; Fermi, Bose Einstein.... Combinatorial methods discretize unique choices, probability paths develop a manner of choosing and statistically the multinomial distribution provides an overall picture of draws without replacement like the Canadian 649 lottery. Epstein's book, Hamming's "Numerical Reference for.." describing Herschel's derivation of the normal curve,Benford's Law (some excellent peer reviewed papers exist on this topic) are some good sources as well as some popular articles (ie. Southampton lottery analysis) give some tips like choosing "unpopular" numbers... . Recent results in AI/GPU research such as the GO and Poker tournaments and blackjack software such as what Qfit provides are good technological approaches to exploiting entropy for fun and profit. 
20170520, 03:17  #28 
"Frank <^>"
Dec 2004
CDP Janesville
2×1,061 Posts 
The insanity goes on....
....or, "How to Develop a Problem Gambling Habit in 4 Easy Steps".
So, after reading everything here, I decided, what the hell, I'm up a little, let's just waste some money (up to what I've won), just for laughs. As I said, I like to put everything on autopilot, so I bought in again with the 14play (7 day) plan. It ran a week with no hits and had one draw left. For some reason that day, my OCD bone was tickling me more than usual, and since I had bought in starting with the evening draw, I decided to pull the trigger early and buy the next round starting on the afternoon draw, overlapping the last run by the afternoon draw. Luckily, I'm not superstitious or anything, because this was the result: 
20170520, 03:39  #29  
"Frank <^>"
Dec 2004
CDP Janesville
2×1,061 Posts 
Quote:
Granted, I've wasted a lot of money but we have several regulars who put me to shame. I just realized the other day that I have not seen one of our Fantasy 5 players who played every day to the tune of $35$40. And talk about optimism, he wanted all his played register receipts done separately from his cashing receipts, because he was going to use all of them to write off against any jackpot that he might win. 

20170520, 04:12  #30 
"Rashid Naimi"
Oct 2015
Out of my Body
31×59 Posts 
Here are some facts which unfortunately are likely to cause some to ignore the first fact.
* In the long (enough) run thehouse will be the winner. * If the casinos did not have upper table limit, they would go bankrupt probably in a day by people with deep pockets (or on very lucky streaks ) playing double or nothing * In absence of an upper limit such as is the case with some daily draws the limit is set by the amount of money that you have * Due to the slight bias in favor of the house such as paying double on a probability of 18/37 in roulette, in the long run the house will always win( unless you can make them run out of money breaking the iterations). It is easy to verify this by computer simulation. It never fails to work in favor of the house given large enough number of iterations. Last fiddled with by a1call on 20170520 at 04:38 
20170520, 13:54  #31 
"Rashid Naimi"
Oct 2015
Out of my Body
11100100101_{2} Posts 
I need to add the following:
* In double or nothing style gambling, where you play the minimum bid in the beginning and after each win and double your bid after each loss( assuming there is no maximum bid), the expected winner is the party with more money which is usually the lottery corporation. 
20170520, 14:22  #32 
"Forget I exist"
Jul 2009
Dumbassville
2^{6}×131 Posts 
6 minutes 9 seconds in is semirelevant to a1call's point 
20170520, 15:17  #33 
Apr 2012
5·67 Posts 
This thread piqued my interest because it touches on the concept of randomness and other fundamental notions. The original post referenced a system with replacement of the draw numbers chosen. As a simple extension, miniaturize this system to the dimensions of a quantum state where Bell's theorem applies. (The added assumption of miniature people choosing their quick picks in this system may/may not apply.)

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