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Another feature which makes the lottery popular is its consistency. The allocation of pre-established fixed percentages from the sales to the prizes represents a guarantee and a stability element that differentiates lottery from other games of chance in which the possible winnings depend exclusively on the played (betted) stakes. The regularity of the game (usually weekly in state and national lotteries) represents another element of stability for the lottery companies, as well for the players, who are forced to respect that interval, with the effect of reducing the risk of addiction. Studies show that this unwanted phenomenon has the lowest rate among lottery players. Of course, the rate of addictive behavior might change with the expansion of private and online lotteries, which offer additional opportunities for playing the lottery. But the most important element contributing to the public’s fascination with lottery games is the amount of the prizes, especially for the highest winning category. The possibility (physically real, mathematically too improbable) of getting “the big hit” – winning the big prize – provides a motivation with complex psychological roots that often overlooks the practical aspects, such as the investments in lottery tickets and the mathematical aspects of the game, especially the winning probabilities. We face here a contradiction in the behavior of most lottery players. While lottery offers the highest amounts of winnings, it also offers the lowest winning probabilities. Players take into account those high amounts of winning, but not those low winning probabilities, and paradoxically, they persevere instead of quitting. And this happens with both categories of players: those who don’t know the basic mathematics of lottery matrices and experience a long series of games without success, and those who do know the mathematical probabilities of the game and have the same experience of consecutive failures. It has been proven mathematically that in ideal conditions of randomness, no long-term regular winning is possible for players of games of chance; therefore, gambling is not a good way to make a living. Most gamblers accept this premise, but still work on strategies in hopes of multiple wins over the long run. In the case of lottery, most players are interested in the isolated winnings, because their experience and/or mathematical knowledge 7PDF Image | THE MATHEMATICS OF LOTTERY Odds, Combinations, Systems
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