So, You Want to Try the Lottery. Here's the Probability of You Winning
Prices of food and fuel are rising and wages have not risen enough, if at all, to help pandemic-weary Filipinos cope. That's why many are trying their luck with the PCSO Lotto, whose 6/55 jackpot swelled to P367 million on Thursday.
It's pure luck. Choosing six numbers from 1 to 55 gives a single bettor a one in nearly 29 million chance of winning the pot, based on calculations.
Let's say you want to try all the combinations possible, at P20 per ticket, you will need to spend P580 million to win P367 million, that's a P213-million loss on the gross amount.
The entire P367 million would be more than enough for a new house and lot, a condo, a car, a European vacation and an investment portfolio -- assuming the bettor wins.
If the bettor loses, which is more likely, that's P20 less for fare and lunch for the day.
Statistically, the odds of a person getting hit by lightning is higher. According to the U.S. National Weather Service a human being, given an 80-year-lifespan, has a one in 15,300 chance of getting struck by lightning.
From: Reportr World