Retirement Entrepreneurs Blog

Comments, rants and tips on baby boomer small business ideas
and working after retirement.

Author: Ingvar - Retiree In Training  

Working after retirement

What? Playing the odds as a business? You must be kidding. Lotteries are totally a losing adventure. Sure, some people win. But the odds....  AHA - the odds. What if you could improve the odds? Say the odds of winning $1,000 on a $10 investment in lottery tickets is 1,000,000 to 1. What if you could reduce those odds to say 1,000 to 1? Or more.

Here's where the laws of statistical probability comes in. Although they say that the draw is totally random, some clever people will disagree. If the number 5 has been repeated several times - the probability for 5 to keep repeating diminishes.

Here's another example. Say a game had some very unusual number combinations like three consecutive numbers together like 4,5,6 or 24,25,26. Then the experts say you should play the very next game WITHOUT these number combinations. Because the probability of this happening again is very low.

There are several programs out there that will analyze lottery numbers to death and suggest how to play. Some work, others don't. The most popular - and successful by far is Ken Silver's System.

So yes, it is possible to play the lottery and with help from software and prudent money-management practices.


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