Home > Monday Lotto, Tattersalls Lottery Draws > Monday Lotto 2/4/12 – $115.25 Lost, Odds 400% Worse Than Published By Tatts

Monday Lotto 2/4/12 – $115.25 Lost, Odds 400% Worse Than Published By Tatts

Tonight’s Monday lotto draw – spent $115.25 on tickets, being:
2 x System 8, 18 x System 7, 30 Standard Games

After draw results – won absolutely nothing. Yet again. This brings my actual odds of playing Monday Lotto to only 1 win in 233. This is over four times worse than the odds published by Tattersalls for this game. I’ve played every Monday Lotto since the start of 2012 to accumulate these odds – so that’s over 3 months of draws, combinations of entries, and over $880 spent on tickets.

To me, this represents a fair section of data from which to compare the odds published by Tattersalls for Monday lotto. Those odds are 1:53. That assumes the lotteries are, indeed, completely random. This means my odds have been over 400% worse than what Tatts claims. How, therefore, can it be fair and reasonable to publish and promote the lottery on this basis?

Here’s my Monday Lotto breakdown FYI:

Monday Lotto Odds
Summary of my odds playing Tattersalls Monday Lotto in 2012
$ Spent Playing $882.80
$ Won $181.80
Net Position (Negative = Lost) -$701.00
% Return in Dollars 20.59%
# Games Played 1865
# Games Won 8
Odds Experienced: 1 in 233
Tatts Claimed Odds: 1 in 53
% Difference To Tatts Odds 23%
(Less than 100% means less returns than published odds suggest)
Total Lost In 2012 Across All Tatts Lotteries -$5,424.99

 

 

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