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reb
26 Feb 12 12:12
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Date Joined: 28 Jul 03
| Topic/replies: 1,097 | Blogger: reb's blog
I was talking to a friend yesterday and he told me about a Lottery Work Syndicate of which he is a member. Each week 10 of them pool 3 euro each into the National Lottery draw. I told him that I thought it would be much more profitable for them if they placed their bets in the Bookies.

I don't do the Lottery myself but can anyone advise on which of the above is likely to be the more profitable option in general terms ?

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Replies: 14
By:
reb
When: 27 Feb 12 19:27
Anyone ?
By:
Fayzer
When: 27 Feb 12 20:27
Loads of people do the lotto numbers in bookies. My mate does same 3 numbers every single draw, 9 11 27.....he reckons he hits it about twice a year. €5 stake multplied by the 3 draws twice a week. 30 a week invested. 300/1 for the 7 balls.

I hit 4 numbers about 6 weeks ago on a quick pick and got back the miserable amount of €57.
By:
irish_guy_13
When: 27 Feb 12 20:28
well, depends on what they trying to win, the lottery or guessing numbers? if its guessing numbers, the bookies  seemingly has better odds and is far more popular with the ladies, and they watch the pennies and know value.
By:
irish_guy_13
When: 27 Feb 12 20:28
well, depends on what they trying to win, the lottery or guessing numbers? if its guessing numbers, the bookies  seemingly has better odds and is far more popular with the ladies, and they watch the pennies and know value.
By:
Cupwinkcook
When: 27 Feb 12 22:29
Lottery is about hope of a better life.

Betting with the bookies is similar, depending on what you are shooting for.

It might cost you 4000 to win 3000 in one go, but that's what these people want.
Win 3000, tell all yer mates, go on the gargle.
By:
db1974
When: 28 Feb 12 00:06
AFAIK, if you do the Lotto incl the Plus draws then you pay €1.50 per line.

So for ease of comparison that's €0.50 per draw

Now I'm no statistician but I think you have 20 chances per line of getting 3 numbers up (from 6 selections).

So that's 20 bets for €0.50 which is €0.025 per line

Possible winnings for getting 3 numbers out of 6 in the main draw is €5.00 (it's actually worse in the Plus draws but anyway ...)

So therefore the odds offered by the Lotto of getting 3 numbers correct is winnings of €4.975 from a stake of €0.025 which equates to odds of 199/1

Paddy Power offers 575/1 for selecting 3 numbers out of the 6 numbers in the main draw so it's much better value, for want of a better word.


In fact, taking the numbers 1,2,3,4,5,6 and doing 20 lines per draw in Lotto Main Draw only since 01-Jan-2011 would have cost you €40 per week or a total of roughly €2,500 in stake money. You would have had 3 winners @ 575/1 which returns €1,728 so you would be down about €800 since then.


Fayzer - get your mate to keep better records. 9, 11, & 27 haven't come out together since the Lotto+2 draw of 22-Feb-2010! That's a whopping 105 odd draws which, at €15 a pop comes in at a running loss of €1,575 since then.


Everytime I do the lotto (maybe 15-20 times a year, 1 or 2 lines only) I beat myself up over it afterwards. I check the results and then I check the lifetime results for those numbers and swear that I'll never do it again. But I will!
By:
wildmanfromborneo
When: 28 Feb 12 07:27
Irish guy 13 and reb a match made in heaven.
If ye can`t see the difference between the lottery where you can win millions and picking three numbers in the bookies you shouldn`t be let out.
Reb there is a great programme on in the afternoon...........
By:
reb
When: 28 Feb 12 14:30
Thanks everyone for replying, especially db1974.

It's just a small flutter for them each week. Overall replies suggest that Bookies offer best value. Personally would advise against investing in either option. Also think it's critical that people do random numbers as opposed to same every week - chances of winning are exactly similiar but random pick on each draw prevents you from getting hooked into the "if I don't do them I'll kill myself if they come up" syndrome.
By:
wildmanfromborneo
When: 28 Feb 12 18:19
Reb you have nearly used up your yearly quota on this thread but still haven`t grasped the concept of a lottery,however backing numbers in a betting shop pretty much sums you and Irish guy 13 up.
By:
Fayzer
When: 28 Feb 12 20:13
db are you including the bonus ball in that results chk?

Its 3 numbers from 7 chances.

He got it up recently enough,early january, hit the last number on the bonus. Wether he hits it twice a year is another matter.

I think for a lot of people it is just a way of investing small money every draw and getting a lump sum at some stage, excitment and the thrill of the win.

The nightmare is obviously doing the numbers faithfully and for whatever reason not being on when they land.
By:
wildmanfromborneo
When: 28 Feb 12 22:24
Fayzer i have read your contributions and it is fairly clear you know your racing and are well able to punt so i find it extraordinary that you would even contemplate betting on numbers,i understand the likes of Reb and Irish guy as numbers require no work.
By:
db1974
When: 28 Feb 12 23:35
Fayzer - no I seem to have made a mistake there actually. I see that the numbers did come up on 14-Jan.
By:
Catch Me ifyoucan
When: 29 Feb 12 12:40
Luck would never strike twice, would it Silly
By:
Fayzer
When: 29 Feb 12 19:47
i dont bet on the lotto numbers but i can see why people do, sometimes with horse racing you feel as if you'd be as well off betting the lotto numbers
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