Betting Systems
betting systems
Computation of the probability to strike the jackpot prize by betting on System 7?
TOTO is a Singapore Lottery. 6 numbers are drawn at random from the numbers 1 to 45. If all the 6 numbers are matched, you won the Jackpot prize. The numbers drawn are not repeated and the sequence is not important. Besides the ordinary 6 numbers bet, there are another method for betting named System Bet. For example, a System 7 bet is a selection of 7 numbers but the winning numbers for the Jackpot still remaining 6 numbers. Off course, we need to pay higher price for this way for betting. What is the probability to strike the Jackpot prize if System 7 Bet is selected?
Probability of System 7 Bet = C(39,1) / C(45,6) = 1 / 208,847.
Please show the detail computation steps if the above wrong. Why?
Probability of winning a system 6 bet = 1/45C6
= 1/8,145,060
A system 7 has 7C6 different combinations of 6 numbers ie 7 system 6 combinations (that is why it costs 7 times a system 6 ticket)
So probability of winning = 7/8,145,060 ( = 1/1,163,580)
| Account limit of 2052 requests per hour exceeded. |
New betting system Has People Racing To Casinos
Do bars make good money on off track betting?
Wondering if it might be worth it to impliment an off track betting system at my bar?
I am in Arizona and they do have otb in a few bars here
They can.
You stand to collect at least several dollars of every hundred wagered.
I would check with your state or regional horse racing agencies. Find out what the breakdown is for a wagering dollar. I don't know what country you are in, but I know that there's always a very easily obtainable breakdown of the wagering dollar and what your slice of it as a bar OTB could be.
