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Playing Lotto - What Do You Guys Rekon?

Lotto too much of a risk without enough of gain? Or can it be played using a lotto system?
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Comments

  • Ynayesta
    Ynayesta Posts: 83 Forumite
    Chutzpah Haggler
    As the lotto is random, the only "system" you can use is
    'if i buy more tickets i have more chances of winning'

    If you enjoy gambling by all means yes, but if you want to play it just to make extra money, I would say LOLNO
    Debt Starting: £1995 | Current Debt: £1105
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  • Yeah bit of a no brainer.
  • System
    System Posts: 178,365 Community Admin
    10,000 Posts Photogenic Name Dropper
    I would say no, it isn't a way to guarantee profit, this is despite the fact I have spent £250 roughly playing it and won about £1548 so far, that is just pure lucky though (5 numbers and a couple of tenners) but I've not had a win for about a year, so I would definitely say no, I believe the odds on a 1 line is about 1 in 99 of winning £10.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • geordie_joe
    geordie_joe Posts: 9,112 Forumite
    1,000 Posts Combo Breaker
    Lotto too much of a risk without enough of gain? Or can it be played using a lotto system?

    It is just chance that your numbers come up, so no system can help you there.

    However, you can use systems to increase your chances of winning. I was in a works syndicate for over two years, until I left the job. We did the thunderball. I can't remember the exact details now, but I think we did 28 lines. We picked 10 numbers and arranged those number over the 10 lines in such a way that if 3 of our 10 numbers were drawn there was a 95% chance of us having them together on at least 1 line.

    If 4 of our numbers were drawn there was something like an 80% chance of having them on the same line, and a 55% for 5 numbers etc.

    We never won anything big, but when I left we had won 56% of what we had staked and that was a very high winning percentage.

    Of course, we still had the same (small) chance of our numbers coming as anyone else.

    We once tried to work out a system to guarantee that if 4 of our 10 numbers came up we would be guaranteed to have them on one line, but we would have needed to do hundreds of lines to cover all possible combinations.

    I don't suppose it would take too many extra lines to guarantee that if 3 of your 10 number come up you would have them on one line, but because of the number of people in the syndicate we only had £28 to work with.
  • Yeah - well said guys.
  • davethorp
    davethorp Posts: 1,578 Forumite
    Part of the Furniture 1,000 Posts
    Leave this running for a while. Should answer just about every question you could have about making money by playing the lottery

    http://justwebware.com/uklotto/uklotto.html
  • tuttifruiti20
    tuttifruiti20 Posts: 301 Forumite
    I would say to spend the money elsewhere, with much better returns.
  • resilie
    resilie Posts: 179 Forumite
    The call it a tax on hope....
  • gb12345
    gb12345 Posts: 3,055 Forumite
    Garen wrote: »
    Yea, it's 100% true. Odds are really against you. But to be honest i play lotto online a lot (at spamland.com/en) - just for pure fun. I dont expect to have anything from it, but i just like to gamble

    You would have to be pretty stupid (or a pathetic spammer) to buy lottery tickets from a offshore company, when you can easily buy them officially.
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    I can't believe anyone could think that doing the lottery was a way to make money.
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
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