When the lotto was first implemented there was a 50 ticket limit, this was raised to 1000 and eventually raised to 10k.
This was done because we decided that people should be able to play bigger lottos.
Someone mentioned this already, but lottery is for the rich, the rich will dominate the lotto, and it will always stay that way.

 

both Sonny and I bought 900 each last week

 

Take a look at http://lottery.radthorne.com/?biggestwins

And then look at http://lottery.radthorne.com/?top1ticketwins

You can clearly see that people play lotto big, a lot, and you can also clearly see that small players winning big happens fairly often. There's no need to change things, small players play away their money because they want to. Big players play away money because they want to, too. If you don't want to play against big players or if you think it's unfair then simply don't play at all. Lottery is a huge risk and will always be a huge risk.

 

Firstly there is more than 10m in the economy. Secondly as a lotto player myself I can say that I would prefer buying 500 tickets in a 500k pot, lowering my profit but with 50% chance to win. I can tell you now most lotto players don't think about profit when they snipe, they think about chance.

 

I'm not assuming anything. If someone buys 1 ticket, their expected average win is 850, regardless of how many tickets anyone else buys. I'm not saying they will win 850, just that if you were to do the drawing many times, their average over those drawings would be 850. That is what an "expected" result is - an average result, not the actual one.

 

i mean if there is already 500k in the pot and i add another 500

 

You are confusing the actual result with the expected (average) result.

If a player has 1 ticket out of 1000, then in 999 possible outcomes, he loses. In 1 possible outcome, he wins 850k. You add up the winnings from each possible outcome and divide it byb the number of outcomes:

850,000 / 1000 = 850.

If you did the drawing many times, his winnings would average out to 850, or 85%.


If a player buys 100 out of 1000 tickets, there are 900 possible outcomes where he loses. There are 100 possible outcomes where he wins 850k. Add up the possible outcomes and divide by the total tickets:

100 * 850,000 / 1000
85,000,000/ 1000 = 85,000

If you did the drawing many times, he would be expected to win 85,000 on average, or 85%.


I don't know how to make this any clearer to you.

 

I think you don't really understand how humans think.
People's chances of winning will change. Your idea may affect the lottery positively for roughly a week, after that people will have adjusted and the people who play lottery will realize they have less chance of winning, therefore they'll play way less because they can't put enough tickets in the lotto to get a good chance of winning. This will, in the end, affect the lottery in a very negative way.

 

this is not a good idea at all....

 

Horrible

 

The lotto isnt going to be limited.

 

True. The lotto should not be limited. Kukelekuuk00 is right because the lotto is for the rich, and also because humans do realize that they have a lesser chance of winning over time.