GAMBLING

GAMBLING
According to Britannica, gambling is the
the betting or staking of something of
value, with consciousness of risk and
hope of gain, on the outcome of a game,
a contest, or an uncertain event whose
result may be determined by chance or
accident or have an unexpected result by
reason of the bettor’s miscalculation.
Examples of gambling are:
Lotteries
Bingo
Dice
Horse Racing
Poker
Roulette
HOW DOES LOTTERY WORK?
A lottery system 6/58 is a lottery
system wherein six numbers are
drawn from numbers 1 to 58. The
first six numbers drawn make the
official winning numbers.
In the Philippines, this type of
lottery is called Ultra Lotto.
 HOW TO PLAY ULTRA LOTTO?
You're going to pick six unique numbers from 1 to 58. Your six numbers
can be in any combination and order.

A lotto operator feeds the card to a computer to generate a ticket. Printed

on this lotto ticket are the six numbers you are playing.

Each set of six numbers played costs ₱20.

In order to win the jackpot prize, the six numbers you played must be the
same numbers drawn during the official drawing of the lottery.

You can win a smaller prize if you matched only 3, 4, or 5 numbers. The
order which the balls are drawn is irrelevant.
 Probability of winning in ultra lotto
To determine the number of all possible 6-number combinations that you
can make from numbers 1 to 58, use the formula of combination.

 n= 58 ; r=6

 =  = 40,475,358 possible combinations in 6/58 lotto

 Probability of winning in ultra lotto
Therefore, your chance or probability of winning a 6/58 lottery is
1:40,475,358 or 1/40,475,358. In decimal .00000002470, when
converted into percentage it is .00000247%

By playing two combinations, you double your chance. To increase your

odds of winning to 1%, you need to play 404,754 combinations; this will
cost you ₱8,095,080.
With this percentage, it only shows that the
chance of winning in lottery is very low and
that’s the reason why there are more losers
than winners in gambling. However, despite
of this percentage, people still bet their
money on games due to their greed for money
that sometimes results into bankruptcy,
addiction, poverty and even depression.
“Type a quote here.”
Thank you!
-Johnny Appleseed

Battad, Alma
Galutan, Johnrey
Reyes, Eric