Chance of success
It’s no surprise to hear that your chances of winning any chance-based game are very low. They are still reasonable when you consider your input, but for businesses to succeed – and, oh, they succeed – they need to be turning over a big profit, and to do this they make sure the odds are in their favour all the time.
Is hope a factor?
As well as fun there may be an element of hope for some people. With games like the lottery, there’s often that feeling of not wanting to miss a week in case their numbers come up. Whether this is hope based on any real chance or complete false hope is a completely different matter, and it’s also hard to work out because, although chances of winning are 1 in 14 million, numbers hold no memory of chance, so that could reset or be shortened at any point.
What are the other chances of winning?
The chance of winning varies heavily depending on which type of game you play, but typically there is a strong correlation between the amount of cash and how likely you are to see it.