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Message
re: OFFICIAL: No winners in the powerball tonight...Wed drawing at 1.3 Billion
Posted on 1/9/16 at 10:59 pm to kilo1234
Posted on 1/9/16 at 10:59 pm to kilo1234
quote:
There was about a 15-20% chance of there NOT being a winner.
How? Do their quick picks not cover all possibilities? Surely close to 300,000,000 quick picks were bought?
2
Posted on 1/9/16 at 11:00 pm to AUbagman
Problem with that thinking is you're assuming quick picks won't double or triple up on combinations
Posted on 1/10/16 at 8:28 am to AUbagman
quote:
How? Do their quick picks not cover all possibilities? Surely close to 300,000,000 quick picks were bought?
They did $800,000,000 in sales. At $2 a pop, that equals 400,000,000 tickets IF NONE OF THEM HAD PowerPlay. I'm sure many of them did, leaving a significantly lower number of tickets. At almost 300,000,000 possible combinations, I'm sure it was close.
The odds were slim that nobody would win, but the odds are also slim (based on number of tickets sold) that someone WILL win in the early stages and people still do.
Up until almost $300,000,000, there is less than a 10% chance someone will win on each individual draw. (Based on number of tickets sold vs. possible combinations)
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