lotteries are taxes for people who don't understand statistics.
Tell that to all the people who won the jackpot.![]()
I'm shocked that you don't understand what he's saying. Shocked.
^ I don't believe that is in dispute, actually.
^ I don't believe that is in dispute, actually.
He's saying people who play the lotto are stupid because the chance of picking the winning numbers is slim. He's trying to say that people who play it don't understand the statistics which is false.
Lotteries are not fair games. The prize is not proportional to the probability of winning. In a fair game, when the probability of winning is, say, 1/100, you put 1 quid and you win 100 quid. Lotteries offer prizes that, while mind boggling, are still very low compared to the actual probability of winning, let's say 10 quids. Yes, you put in 1 one quid and got 10 quid back, but it's still a ruse: you deserved 100 quid. The state always win. That's why it's a tax on people that don't understand statistics.The chance of winning is slim but the chance of winning is still there and you have to be in it to win it.I'm shocked that you don't understand what he's saying. Shocked.Tell that to all the people who won the jackpot.lotteries are taxes for people who don't understand statistics.![]()
I'm saying people who play the lottery to win money are stupid. If you do if for thrills and fun, more power to you. But for every one that gets the win of a lifetime, there are thousands of people that squander their life savings on lotteries. It's a system that elevates luck as a life goal. And I've seen enough people using their "system" to win (and lose a shitload of money in the process) to see that they definitively don't understand the statistics.He's saying people who play the lotto are stupid because the chance of picking the winning numbers is slim. He's trying to say that people who play it don't understand the statistics which is false.^ I don't believe that is in dispute, actually.
lotteries are taxes for people who don't understand statistics.
Tell that to all the people who won the jackpot.![]()
lotteries are taxes for people who don't understand statistics.
Tell that to all the people who won the jackpot.![]()
That'll be nobody then, seeing as the jackpot rolls over to Wednesday.![]()
I spend £2 a week direct debit on the lotto because I play one line on a Wednesday and one line on a Saturday.
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