Statistics again

  pj123 16:21 11 Sep 2007

I keep getting emails from Camelot advising that:

Did I know that 1 in 4 Lotto Jackpots are won by Syndicates”

So, to me that means that 3 in 4 Jackpots are won by people not in Syndicates.

I have run a Lottery Syndicate since the very first draw. We only do the Saturday draw.

Although we have never won a Jackpot we have had quite a few wins.

Our entry consists of a perm of any 6 from 8. This means that if we get 3 numbers correct we have 10 tickets of 3 numbers. So the minimum we can win would be £100.

Our kitty stands at £1275 at the moment. We generally have a payout at Christmas time.

  lisa02 16:29 11 Sep 2007

I read an Insurance leaflet that read produced for the company I work for:

" 60% of homes are uninsured, 100% of our policy holders are. "

It has to be the worst and most obvious statement ever.

  Stuartli 16:32 11 Sep 2007

You would win even more if you got the same success using the bookmakers' equivalent - payout for numbers (from singles upwards) approaches the true odds, but you only get £10 on the Lotto for three numbers no matter how many or few winners.

  amonra 17:33 11 Sep 2007

I've told you a million times not to exaggerate !
Statistics are all lies.

  Forum Editor 17:41 11 Sep 2007

Except the one that says nine out of ten people in this forum tend to use them at some point to help their argument along.

  Jak_1 19:45 11 Sep 2007

There are, lies, damned lies and statistics.

  Si_L 19:52 11 Sep 2007

Statistics are useful, and can help to get a point across, but can be spun and distorted too easily.

  Fermat's Theorem 21:29 11 Sep 2007

are made up on the spot :-)

  pj123 11:56 12 Sep 2007

Stuartli, very true. I do a "Pick 3 numbers" on the Irish Lotto. The odds I get from my bookmaker is 576:1 as opposed to Camelot's similar game Hotpicks which returns £450.

But with a bookmaker you can put your own stake on, ie. 50p, £1, £2 etc... With Camelot it's a pound a go.

  Quickbeam 12:18 12 Sep 2007

Figures can't lie, but liars can figure...

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