Following up on my Lottery Winners Counter JavaScript toy, and on Andy’s recent blog post about trying to rig the lottery using statistics, I decided to write a new software toy to help demonstrate exactly how impossible it is to do as he suggests and guarantee a profit through the strategic purchase of large numbers of lottery tickets. Even at it’s most statistically optimistic, using obscene rounding (i.e. 49.999% is "unlikely", 50.001% is "likely"), you stand to lose over £2M every time you play. Try out my calculator now.
If that’s not in itself enough to convince you, have a look through this stunning Times article on why "our national gamble stinks". It compares the National Lottery to casinos, which have a significantly higher payout rate, and argues that if you’re doing it for the charities, you should just give one a quid – they get to claim 28p gift aid that way too.
Just my £13.9M worth.
