Orlando Winters: Lottery Win Odds 50/50

Posted by admin on Thursday, April 5, 2018

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 like rationale must be odds of winning 50/50 Quote
 

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

 

Share </> Quote Image

Share the Orlando Winters Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

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.

He suggests lottery participants often approach it with flawed logic like “my odds are 50/50”, failing to grasp how astronomically difficult and unlikely it is to pick the right numbers.

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.

Quote Search

 

Categories: risk Tagged:

Leave a Reply

You must be logged in to post a comment.

Money Quotes Daily

Money Quotes Daily