What gambling game is "faster" than playing the lottery?
What gambling game is "faster" than playing the lottery?
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What gambling game is "faster" than playing the lottery?
Every month, almost half of the Thai people are waiting for an event that will happen twice a month, and many people are waiting anxiously for it. That event is the lottery festival! Brother Tui says that most Thais are interested because it has the opportunity to help us get rich quickly. But did you know that according to statistics, the lottery is a very unrewarding investment? You could say that football betting is more worthwhile!!
Why is it not worth it? Let's take a look...
The return on football betting, if we put it simply, when we bet, there will be wins and losses. For example, if we bet 1 baht, if we win, we get 2 baht, but if we bet wrong, we get nothing. This means that the return on investment is 50% chance that our money will double. This means that the return on investment is 1 (50% x 2).
Now, let's try to calculate the return on lottery. Let's start with a simple calculation. For example, the last 2 digits are from 00-99, which totals exactly 100 numbers. Let's say that the government lottery is currently 40 baht per ticket. If you win, you will get 1,000 baht. The chance of winning is only 1% or 1 in 100. However, the return on lottery is 25 times (buy 40 baht and get 1,000 baht). This means that the return on investment is 0.25 (1% x 25), which is less than football betting.
Some people might argue with Brother Tui that, wow, Brother Tui bought 1 ticket, there is a chance of winning multiple prizes. If we compare them like this, my lottery will lose anyway! Because there is a chance of winning from the 1st to 5th prizes, the last 3 digits, and many more.
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