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Outline
In the national lottery, a player picks six numbers from 1 to 59. During the
draw, six balls with the numbers from 1- 59 are drawn and a bonus ball is
also drawn from the remaining balls which only affects those who match 5
balls correctly. To win the jackpot, the player must correctly match all six
numbers. For the bonus ball, If the final number selected by the player
matches the bonus ball, the player receives 50000: if not the player
receives 1000.
0 n 6
Prize
0
1
2
3
4
5(Does not match bonus ball)
5(Match bonus ball)
6
Nothing
Nothing
Free Ticket
25
100
1000
50000
Jackpot
59
C6=
59 !
(596)= 6 ! ( 596
)!
combinations
So the probability of winning the jackpot P(J) is:
P(J) =
1
45057474
45,057,474
However, we have not considered the fact that if you match 2 balls, you
receive a free ticket, a fact we need to consider.
P(match 2 balls)
Imagine 2 boxes, one with the players six balls and one with the
remaining 53 balls. To match 2 balls, we need two from the players box
and four from the other box. Therefore, the combinations are:
Player
s 6
balls
Remain
ing 53
balls
(62 )
(534)
59
(6)
0.097484
P ( match2 )
(P ( match 2 ))
n1
( P ( match 2 ))
Now a
exists as
|r|<1
S P(free ticket)=
a
1
=
1.108
1r 1 p (match 2)
The new probability of winning the jackpot (P(J*)) is the original P(J)
multiplied by the Sum to infinity of the probability of continually winning a
free ticket ( S P(free ticket) ).
P(J*) =
1
40665099
Prize
Nothing
Nothing
Free Ticket
25
100
1000
50000
**(Match bonus ball)
Tickets(n)
0
0
1
12.5
50
500
25000
52
53
1
53
P (match n)
Tx(n)
0
0
0.097484
0.010398
0.00045875
0.0000069245
0.00000013316
0
0
1
12.5
50
500
25000
n=5 ( bb )
P ( fTx )=
n=0
( P ( c fTx ))
2
3
4
= 1 + P( fTx) + P( fTx) + P( fTx) + P( fTx) +
U n=P(fTx)n1
Now a
S P(cfTx)=
exists as
n1
( U n=a r
)
|r|<1
a
1
=
1.346
1r 1 p(fTx)
P(J**) =
1
33469099
Conclusion
Assumed probability of winning the jackpot: P(J) = 1 in
45,057,474
Actual probability accounting for free ticket: P(J*) = 1 in
40,665,099
Probability using investing winnings strategy: P(J**) = 1
in 33,469,099
4392375
45057474