Lotteries Prize Structure And Probabilities

Author : JAIME AGUIRRE
Publisher : Lulu.com
ISBN 13 : 0244790833
Total Pages : 138 pages
Book Rating : 4.37/5 ( download)

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Download or read book LOTTERIES: PRIZE STRUCTURE AND PROBABILITIES written by JAIME AGUIRRE and published by Lulu.com. This book was released on 2019-06-04 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: As explained comprehensively in the book Understanding Lottery Mathematics lotteries can be classified in two general categories: draws with replacement, and draws without replacement. The probabilities of every prize division are calculated by applying the rules explained in the above mentioned book. In Lotteries: Prize Structure and Probabilities lotteries are described in a tabular form. Each lottery is represented as a table including the probability calculations for every prize division.

Author : Jaime Aguirre
Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.68/5 ( download)

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Download or read book World Lotteries written by Jaime Aguirre and published by . This book was released on 2021 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Lotteries are played in many countries around the world. Millions of people buy tickets on a regular or occasional basis in hopes of beating the odds. But how many of those dreamers have a real understanding of the mathematical principles ruling their chances? In the following pages you will find the basic information needed to clearly understand chance in terms of easy mathematical rules, and you will learn how to apply this knowledge to work out the chance of winning a prize in any lottery. This book is addressed not only to students with a passion for the mathematics of chance, but also to those who simply want to understand how lotteries work. It is not an in-depth study of the subject, but rather an introduction to basic concepts and methods in probability, and how to apply them to most of the lotteries currently played worldwide." -- Introduction.

Author : Jaime Aguirre
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781533038630
Total Pages : 136 pages
Book Rating : 4.35/5 ( download)

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Download or read book Lotteries written by Jaime Aguirre and published by Createspace Independent Publishing Platform. This book was released on 2016-05-23 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: As explained comprehensively in the book Understanding Lottery Mathematics, lotteries can be classified in two general categories: draws with replacement, and draws without replacement. In Lotteries: Prize Structure and Probabilities lotteries are described in a tabular form. Each lottery is represented as a table including the probability calculations for every prize division. The probabilities are calculated by applying the rules explained in chapters one, two, and three of the above mentioned book. This book is intended to be a supplement to Understanding Lottery Mathematics.

Author : Jaime Aguirre
Publisher :
ISBN 13 : 9780645304039
Total Pages : 0 pages
Book Rating : 4.34/5 ( download)

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Download or read book Lotteries written by Jaime Aguirre and published by . This book was released on 2023-07-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is addressed not only to students with a passion for the mathematics of chance, but also to those who simply want to understand how lotteries work. It is not an in-depth study of the subject, but rather an introduction to basic concepts and methods in probability, and how to apply them to most of the lotteries currently played worldwide.We are constantly being persuaded to gamble through lottery websites, online games, and advertising. Understanding the risks of betting, and preventing the compulsion to gamble, begins with education. Education on wagering must start at the core of the matter: the knowledge of probability theory and the relevant mathematical rules applied to evaluate the chances of winning any lottery prize.This book does not promise you any secret or system to win the lottery. If there were a systematic way of predicting a winning combination, the numerous authors of the large number of books on lottery systems would now be millionaires themselves, and would not be revealing their concealed secrets at an affordable value.

Author : Catalin Barboianu
Publisher : INFAROM Publishing
ISBN 13 : 9731991115
Total Pages : 204 pages
Book Rating : 4.15/5 ( download)

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Download or read book The Mathematics of Lottery written by Catalin Barboianu and published by INFAROM Publishing. This book was released on 2009-03 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is a complete mathematical guide to lottery games, covering all of the problems related to probability, combinatorics, and all parameters describing the lottery matrices, as well as the various playing systems. The mathematics sections describe the mathematical model of the lottery, which is in fact the essence of the lotto game. The applications of this model provide players with all the mathematical data regarding the parameters attached to the gaming events and personal playing systems. By applying these data, one can find all the winning probabilities for the play with one line (for each category in part or cumulatively), and how these probabilities change with playing the various types of systems containing several lines, depending on their structure. Also, each playing system has a formula attached that provides the number of possible multiple prizes in various circumstances. Other mathematical parameters of the playing systems and the correlations between them are also presented. The generality of the mathematical model and of the obtained formulas allows their application for any existent lottery (including variations like Keno) and any playing system. Each formula is followed by numerical results covering the most frequent lottery matrices worldwide and by multiple examples predominantly belonging to the 6/49 lottery. The listing of the numerical results in dozens of well-organized tables, along with instructions and examples of using them, makes possible the direct usage of this guide by players without a mathematical background. The author also discusses from a mathematical point of view the strategies of choosing involved in the lotto game. The book does not offer so-called winning strategies (proving that the only strategy is that of choosing), but helps players to better organize their own playing systems and to confront their own convictions (so many times based on false perceptions) with the incontestable reality offered by the direct applications of the mathematical model of the lotto game. As a must-have handbook for any lottery player, this book offers essential information about the game itself and can provide the basis for gaming decisions of any kind.

Author : Jaime Aguirre
Publisher : CreateSpace
ISBN 13 : 9781515015758
Total Pages : 412 pages
Book Rating : 4.50/5 ( download)

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Download or read book Understanding Lottery Mathematics written by Jaime Aguirre and published by CreateSpace. This book was released on 2015-08-01 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Millions of people around the world buy lottery tickets on a regular or occasional basis in hopes of beating the odds. But how many of these dreamers have a real understanding of the mathematical principles ruling their chances? In Understanding Lottery Mathematics, you'll learn the mathematics of probability and find out how to determine your actual chances of winning a prize in different types of lotteries and similar games of chance. Following a brief history of probability, the terminology is clearly defined and the mathematical rules meticulously explained in an easy-to-understand manner, laying the groundwork for you to calculate the probabilities of a wide variety of lotteries, from the simplest to the most complex. If you're concerned about getting into intricate formulas, don't worry. Understanding Lottery Mathematics sticks to the concepts you need to know, demonstrating them through examples of real draws, and in some cases, by analyzing errors found in official lottery websites. Busting popular myths of magic formulas and frequent numbers, Understanding Lottery Mathematics shows you how these money-raising schemes really work-and gives you the knowledge you need to gain more of a fighting chance.

Author : Jaime Aguirre
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781530870202
Total Pages : 474 pages
Book Rating : 4.08/5 ( download)

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Download or read book Understanding Lottery Mathematics written by Jaime Aguirre and published by Createspace Independent Publishing Platform. This book was released on 2016-05-23 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chances of matching the twenty numbers drawn in a keno game are 1 in 3,535,316,142,212,180,000. That is 1 in 3,535,316 trillion! The number in itself is hard to imagine. Keno is a type of lottery, and as such, it is ruled by the laws of probability. Lotteries are played in many countries around the world. Millions of people buy tickets on a regular or occasional basis in hopes of beating the odds-even when the chances are 1 in 3.5 quintillion. But how many of those dreamers have a real understanding of the mathematical principles ruling their chances? In the following pages you will find the basic information needed to clearly understand chance in terms of easy mathematical rules, and you will learn how to apply this knowledge to work out your chances of winning a prize in any lottery or lottery-like game of chance. This work is addressed not only to high school students with a passion for the mathematics of chance, but also to those who simply want to understand how lotteries work in terms of mathematics. It is not going to be an in-depth study of the subject, but rather an introduction to basic concepts and methods in probability, as well as how to apply them to the different types of lotteries. Youngsters are increasingly being persuaded to gambling through sport, lottery websites, online games and advertising. Understanding the risks of betting, and preventing the compulsion to gamble, begins with education. Education on wagering must start at the core of the matter: the knowledge of probability theory and the relevant mathematical rules applied to evaluate the chances of any lottery prize subdivision. In the subsequent contents you will find a detailed explanation of the mathematical groundworks of lotteries, without recurring to intricate formulas or terms. This will be done through examples of real lotteries, and in some instances by analyzing errors found in official lottery websites. This book does not promise you any secret or system to win the lottery. If there were a systematic way of predicting a winning combination, the numerous authors of the large amount of books on lottery systems would now be millionaires themselves, and would not be selling their findings cheaply.

Author : Leighton Vaughan Williams
Publisher : Oxford University Press
ISBN 13 : 0199797919
Total Pages : 740 pages
Book Rating : 4.12/5 ( download)

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Download or read book The Oxford Handbook of the Economics of Gambling written by Leighton Vaughan Williams and published by Oxford University Press. This book was released on 2013 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook is a definitive source of path-breaking research on the economics of gambling. It is divided into sections on casinos, sports betting, horserace betting, betting strategy motivation, behaviour and decision-making in betting markets prediction markets and political betting, and lotteries and gambling machines.

Author : United States. Commission on the Review of the National Policy Toward Gambling
Publisher :
ISBN 13 :
Total Pages : 1430 pages
Book Rating : 4.1I/5 ( download)

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Download or read book Gambling in America written by United States. Commission on the Review of the National Policy Toward Gambling and published by . This book was released on 1976 with total page 1430 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : John Quiggin
Publisher : Springer Science & Business Media
ISBN 13 : 9401121826
Total Pages : 208 pages
Book Rating : 4.28/5 ( download)

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Download or read book Generalized Expected Utility Theory written by John Quiggin and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of choice under uncertainty has been dominated by the expected utility (EU) model, yet the EU model has never been without critics. Psychologists accumulated evidence that individual choices under uncertainty were inconsistent with the predictions of the EU model. Applied work in areas such as finance was dominated by the simpler mean-variance analysis. In the 1980s this skepticism was dispelled as a number of generalizations of EU were proposed, most of which were capable of explaining evidence inconsistent with EU, while preserving transitivity and dominance. Generalized expected utility is now a flourishing subfield of economics, with dozens of competing models and considerable literature exploring their theoretical properties and comparing their empirical performance. But the EU model remains the principal tool for the analysis of choice under uncertainty. There is a view that generalized models are too difficult to handle or incapable of generating sharp results. This creates a need to show that the new models can be used in the kinds of economic analysis for which EU has been used, and that they can yield new and interesting results. This book meets this need by describing one of the most popular generalized models -- the rank-dependent expected utility model (RDEU), also known as anticipated utility, EU with rank-dependent preferences, the dual theory of choice under uncertainty, and simply as rank-dependent utility. As the many names indicate, the model has been approached in many ways by many scientists and for this reason, consideration of a single model sheds light on many of the concerns that have motivated the development of generalized utility models. The popularity of the RDEU model rests on its simplicity and tractability. The standard tools of analysis developed for EU theory may be applied to the RDEU model, but since RDEU admits behavior inconsistent with EU, the field of potential applications is widened. As such, the RDEU model is not as much a competitor to EU as an extension based on less restrictive assumptions.