Lottery Parameters
Probability of Winning Over Multiple Drawings
💡 Key Insights
Raffle Parameters
Raffle Probability Distribution
🎯 Raffle Analysis
Lottery Odds Comparison
Popular Lottery Odds Comparison
Comparative Probabilities
📊 Understanding the Odds
The odds of winning major lottery jackpots are astronomically low. To put this in perspective, you're more likely to be struck by lightning multiple times, become a movie star, or find a four-leaf clover on your first try than to win the Powerball jackpot. These extremely long odds are by design to create the massive jackpots that attract players.
Syndicate Configuration
Syndicate vs Individual Comparison
⚖️ Syndicate Pros & Cons
✅ Advantages
- Better odds with more tickets
- Lower individual cost
- Shared risk and excitement
- Professional management possible
❌ Disadvantages
- Smaller individual winnings
- Trust and legal issues
- Management fees
- Complex tax implications
Lottery Number Generator
Statistical Analysis & Simulations
Normal Distribution Model
52-Week Loss Simulation ($10/week)
📈 Key Statistical Findings
Understanding Probability
Interactive Examples
Probability Examples
📚 Key Probability Concepts
Independent Events: Each lottery drawing is independent. Previous results don't affect future outcomes.
Expected Value: The average outcome if you played infinitely. For lotteries, this is almost always negative.
Gambler's Fallacy: The mistaken belief that past results influence future independent events.
Law of Large Numbers: Over many trials, actual results converge toward expected probability.