Archive for July, 2008

Playing for Big Jackpots

Do you only go out and buy Michigan Lottery tickets when the Mega Millions jackpot rolls over so many times that it makes the national news?  Do you really think you’re doing yourself a favor? Well, the fact is, you’re not.  It might be fun to think about what you’d do with the hundreds of millions of dollars you could win, but what are the odds that not only you’ll win, but that someone else will win along with you?  Obviously, the more press coverage that the jackpot gets the more people play it, which means there’s a great chance of splitting the pot with another, or multiple other, winners.

So let’s look at the numbers.  If you play Mega Millions you have a 1 in 175 million chance of winning from one ticket.  Those are the longest odds in the Michigan Lottery.  Let’s compare that with Euro Millions, which is a 5/50 + 2/9 game – meaning you have to pick 5 correct numbers from 0-50, and 2 correct number from 0-9.  You’re odds of winning on a single ticket for this game are 1 in 76 million.  That’s 10x easier to win than the Mega Millions!

I know, the jackpot is also about 1/10 the size.  But let’s be honest, if you were offered the chance to pick a number from 1-10 to win $10 million, or 1-100 to win $100 million, which one would you go for?  I think most people would try for the 1 in 10 chance to win a lesser amount, because it would still be more money than they knew what to do with.  A bird in the hand (or potentially in the hand, in this case).

Another way to look at it is to ask yourself what a life-changing amount of money would be?  Enough to pay off your HELOC?  Enough to pay off your car, your house, or maybe your student loans?  Think it over and look for a game with the best odds of winning a jackpot of that size.  For some people, winning $10,000 in the Michigan Lottery would change their lives.  Others might look to larger jackpots of $100,000 or $250,000.

So what’s the easiest way to dramatically increase your odds of winning at the Michigan Lottery?  Maybe play a different game.  Classic Lotto 47 is a 6/47 game, and that puts your odds at about 1 in 10 million, with a payout for matching all 6 numbers at around $1.5 million.  Sure, the jackpots aren’t as big, but the odds of winning them are so much higher you could almost convince yourself it’s a sure thing..!

Michigan Lottery Daily 3 Game

From a statistical standpoint, this game gives you the greatest odds of winning.  Think of it as the blackjack of the Michigan Lottery.  A straight ticket (match the three numbers that are drawn, in order) gives you a 1 in 720 chance of winning.  Let’s look at a few ways to increase your odds and spend your money wisely.

Eliminate One Number

The payout for a straight ticket is $250.  You won’t be quitting your day job, but it’s nothing to scoff at.  If we take the approach of ensuring that we have at least on number right, we’ll need to buy 10 tickets that have each number, 0-9, in one spot once. To put it another way, we buy our first ticket with a 0 in the first position, our second ticket with a 1 in the first position, and so on.  At $0.50 each, we’ve spent $5.00 on our plan so far.

Let’s look at the numbers now.  Since we know we have one number right, we only have to match the other two (in order).  That puts our odds at 1 in 100, or in other words we’ve increased the probability that we’re going to win $250 by 7.2 times by spending an additional $4.50.  If we look at it from the standpoint of marginal gain, each additional $0.50 is buying us just shy of a 1x greater probability of winning.

Box 3-Way

Another ticket you can play in the Michigan Lottery is the box 3-way.  That means to win you still need to match all three winning numbers, but order no longer matters. So buying a 1-2-3 ticket, you’ll win with 1-2-3, 2-1-3, 3-1-2, 1-3-2, 3-2-1, and 2-3-1.  Just taking order out of the equation gives you an immediate boost to your odds of winning, which are 1 in 120.  The ticket is still $0.50, but the payout is significantly less at $83.  If you use the same method outlined above and eliminate one number, your odds rise to an impressive 1 in 45.

Eliminate Matched Numbers

If you look at the Michigan Lottery results, almost 70% of the Daily 3 winning numbers are unmatched. This means that picking 0-0-0 or 1-1-1 will significantly reduce your odds of winning.  Or, if we take it a step further, picking unmatched numbers will increase your odds of winning. Combine this little nugget of information with your box betting and number elimination and you’ll be well on your way to winning the Michigan Lottery

Winning the Michigan Lottery

First of all, there is absolutely no guaranteed way of winning the lottery, so don’t let anyone tell you otherwise. We can, however, look at this from a statistics point of view and get a little perspective.

The Michigan Lottery Mega Millions is what’s known as a 5/56 + 1/46 lottery. The odds of picking the winning number in this system are about 1 in 176 million, or in other words, you’re more likely to be stuck by lightning twice in one day. But by understanding the probabilities and statistics behind the Michigan lottery odds, you can significantly increase your chances.

A Basic Lottery System

Let’s start by trying to simplify things a bit. If you were to buy 11 tickets, you could make sure that you have every number, 1 through 56, on one if your tickets. Leaving the mega ball out of the equation, you would without a doubt have at least one ticket with one winning number on it. Guaranteed. This would cost you 11 dollars – an amount that some people play on a weekly basis anyway. In this scenario, you only have to match 4 other lottery balls and the mega ball. Your odds of winning the Michigan Lottery Mega Millions increase drastically to 1 in 16,895,340. This represents over a 10x increase of your likelihood to win. That’s a huge increase in probability. Granted, you’re still in the neighborhood of a single lightning strike, but you’re getting closer. Let’s take it a little further, though.

Based on statistical studies, the most probable outcome for a Michigan Lottery drawing is three odd numbers and three even numbers. In other words, when everything is said and done, 33% of the time there are three even numbered balls and three odd numbered balls on the tray. Also a lottery result with all non-consecutive numbers occurs just once every other week on average, and you can further increase the Michigan lottery odds by picking tickets with three high and three low number selections. This is also another common denominator in winning numbers over the years.

Finally, one of the biggest advantages you can give yourself is to know what the numbers were for the previous two weeks. The most probable combination will have no lottery numbers from the previous week, and no two numbers from the week before that. This immediately narrows your choices down and gives you some constraints within which to operate. While the odds are still astronomical, they’re not quite as bad as they were to start out with. Apply these tips, and your chance of winning the Michigan Lottery will be higher than ever.

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