I know you have a point, a good one, Lotteries cater to the vulnerable etc. - but you are wrong in one aspect: There are winners, in every lottery, and that's what fuels the hope.
Even small chances are chances. It's that simple ;)
When did I say there weren't any winners? I said people think there's a chance that they might win personally. And you can state the gamblers fallacy any way you like, the fact that there are winners in a lottery has nothing to with the chances of winning personally. Bad at math, bad at logic, too emotional, call it anything you like. Any hope is a result of these flaws, not the cause.
34 Comments
GCostanzaStepOnMe@feddit.de · 66 pts · 2y
It's fifty fifty. Either you win money, or you don't.
anolemmi@lemmi.social · 39 pts · 2y
Just got two Powerball tix for tonight, thanks! Since one ticket is 50%, two should basically guarantee I win!
Gonna go kick my boss in the balls and walk out, should be fine, right? Probably.
Gigan@lemmy.world · 17 pts · 2y
two tickets actually lowers your odds
50% x 50% = 25%
NorthWestWind@lemmy.world · 5 pts · 2y
That's the odds to win both. Op need one of them only.
kSPvhmTOlwvMd7Y7E@lemmy.world · 1 pts · 2y
Go cast your fancy magic someplace else.
surewhynotlem@lemmy.world · 1 pts · 2y
That's why you should add instead of multiply.
0.5 + 0.5 = 0.10
So the odds are even worse
son_named_bort@lemmy.world · 5 pts · 2y
I see no flaws here.
Karyoplasma@discuss.tchncs.de · 3 pts · 2y
Correct. Do it like Homer and use you boss's head as bongos.
Honytawk@lemmy.zip · 4 pts · 2y
That would imply the one organising the gambling isn't taking a cut.
GCostanzaStepOnMe@feddit.de · 1 pts · 2y
Nah you're wrong
Kruemel@feddit.de · 28 pts · 2y
Sorry i'm the boring guy. It is (more than) 20 times more probable to lose 100% than to win 2000% in most gambling.
ifGoingToCrashDont@lemmy.world · 26 pts · 2y
Actually it's 50%. Either you win or you don't: 50%.
/s
The_Picard_Maneuver@startrek.website · 18 pts · 2y
You're going to get us kicked out of the casino talking like that!
byroon@lemmy.world · 5 pts · 2y
That's just what the casinos want you to think. They don't want you taking their money!
son_named_bort@lemmy.world · 24 pts · 2y
And if you lost 100% of your money last time, then you're due to win 2000% this time.
gravitas_deficiency@sh.itjust.works · 12 pts · 2y
simultaneously laughs and sobs in leveraged investments
Blackmist@feddit.uk · 4 pts · 2y
Leveraged "investments".
pipe01@lemmy.pipe01.net · 11 pts · 2y
Why stop at 2000%
Ddhuud@lemmy.world · 10 pts · 2y
There's this thing, called debt tho...
v3x@lemm.ee · 2 pts · 2y
not if you gamble for long enough
statistically the longer you gamble, the higher the chance that you'll win and make your money back, it's math bro
thepianistfroggollum@lemmynsfw.com · 6 pts · 2y
There's theoretically no upper limit of how much you can increase your money.
I mean, at a certain point you'll end up devaluating the currency to the point that the economy collapses, but that's a later problem.
ByteWizard@lemm.ee · 5 pts · 2y
Lottery and gambling are taxes on emotionally weak people who can't do math.
ladicius@lemmy.world · 17 pts · 2y
Lotteries unique selling point is hope.
ScrotusMaximus@lemmy.ninja · 7 pts · 2y
Isn't it telling that our society has to gamble on hope because there is a perception of no other chance?
ByteWizard@lemm.ee · -2 pts · 2y
Sure, but the hope is a result of the first two issues.
They can't do the math so they think there is a chance. And because they WANT there to be a chance they ignore every time they lose.
ladicius@lemmy.world · 6 pts · 2y
I know you have a point, a good one, Lotteries cater to the vulnerable etc. - but you are wrong in one aspect: There are winners, in every lottery, and that's what fuels the hope.
Even small chances are chances. It's that simple ;)
ByteWizard@lemm.ee · 1 pts · 2y
When did I say there weren't any winners? I said people think there's a chance that they might win personally. And you can state the gamblers fallacy any way you like, the fact that there are winners in a lottery has nothing to with the chances of winning personally. Bad at math, bad at logic, too emotional, call it anything you like. Any hope is a result of these flaws, not the cause.
https://www.palomar.edu/users/bthompson/Gambler%27s%20Fallacy.html
lightnsfw@reddthat.com · 2 pts · 2y
Probably more likely to turn 20$ into a fortune playing the lottery than most other ways you could invest it.
InfiniWheel@lemmy.one · 3 pts · 2y
Honestly, chances might be extremely low. But if all it takes is a couple of bucks sometimes to maybe win even 1000, I'd take it.
Blackmist@feddit.uk · 1 pts · 2y
Manny Calavera, travel agent.
Ddhuud@lemmy.world · 1 pts · 2y
They know, that's their target audience. Desperate people.
jayrodtheoldbod@midwest.social · 4 pts · 2y
That's how you sell monkey pictures my man now let's all go do coke until we get divorced, Leo will be there
krakenx@lemmy.world · 4 pts · 2y
Don't forget that you lose 3% to inflation every year, and even more when we are in hyper-inflation like we are now.
Gambling in Wall Street's Casino is, by design, the only way to have a chance not to lose money.
CyberCatBytes@kbin.social · 3 pts · 2y
So true