Orlando Winters Money Quote saying we seem to make up our own odds when it comes to winning the lottery, even though mathematical odds are extreme, we imagine our own likelihood. Orlando Winters said:
People play the lottery all the time unaware of how mind-bogglingly difficult it is to win. It seems like they take a different approach to probabilities. Their rationale must be, ‘Well, I can either win it or not win it, so my odds of winning are 50/50’
— Orlando Winters
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Orlando Winters seems to be commenting on how some lottery players have an unrealistic understanding of their chances of winning. While technically every ticket does have either a winning number combination or a losing one, Winters notes that the actual probabilities are infinitesimally small.
Winters appears to be observing that people don’t always properly comprehend the true odds they are up against, which may contribute to their willingness to repeatedly spend money on tickets despite the long odds stacked against any one person winning the jackpot.