Ask HN: How do you choose powerball numbers if you play?
I play sometimes just for fun. I was using R a while back to do kernel density estimation using the history of each time a number appeared in a drawing. My assumption was that each number should have an equal distribution over time, so anything that did not had a higher likely hood of being chosen. Safe to say, I still have not won. What is your method to choosing numbers for the powerball?
25 comments
[ 2.4 ms ] story [ 74.4 ms ] threadI feel like saying Gambler's Fallacy to someone who knows what R is is borderline aggressive but, out of a maximum of good intentions, the thing you've labeled as an assumption is called the Gambler's Fallacy and it is so named because statistics does not work that way.
https://en.wikipedia.org/wiki/Gambler%27s_fallacy
Consider the case of a fair coin. We agree that, if one flips a sufficient number of coins 100 times, eventually one of them will come up with 100 heads, right? Pretend you've got a factory in China filled with people flipping fair coins until one station shouts out "GOT IT!"
Do you think that there's some property that the universe attaches to that coin which makes it more likely to be heads, or more likely to be tails, simply because it "feels" anomalous if one happened to be flipping only that coin and not one of the thousands being flipped simultaneously in the factory?
No, that's preposterous. The universe doesn't care what feels anomalous to us. It's a fair coin. The next shot is like every other shot: 50/50.
EDIT: also, the hypothesis included the average amount of time the balls were being tumbled before drawn.
It was, to my middle school statistical ability, correct at that time (ca. 1980s). The "hot" numbers "won" me over $3,000 over the course of two months. Random numbers? About $20.
Things have very likely changed since then, though.
1,2,3,4,5,6 is a (relatively) common choice of numbers people buy in lotteries, so if those numbers win you're more likely to have to split the pot.
This isn't kind of gamble you use that phrase about. Blackjack or something, maybe. Non-casino gambles, like taking a new job, yeah.
I think I read that numbers below 30 are vastly overrepresented in lottery ticket number choices.
From an expected value perspective, however, lotteries are generally money LOSERS. Even at the estimated $1.5 billion for this Wednesday's drawing, the expected value of purchasing a ticket is NEGATIVE.
Here's why: the $1.5 billion is paid as an annuity-- the reported lump sum (present value) payment would be $930 million. Depending on your tax situation, if you live in the USA, you would lose about 40% of that to federal taxes, leaving you with about $558 million. In that it costs you $2 to purchase one number and the odds are 292 million to 1, you would need the take-home jackpot to be 2 times $292 million, or $584 million dollars before the expected value to be zero. (And this assumes a world in which jackpots cannot be split! And that you have no taxes beyond the federal tax!)
So the best play really is to NOT PLAY. From an expected value perspective, it probably would make sense to play when the jackpot is over $2 billion. It would depend on the frequency distribution of split jackpots.
So IF you're going to play, then you should try to minimize the chance you win a share of a split jackpot. But the rational play is to NOT PLAY AT ALL (well, at least not until the jackpot grows larger).
https://news.ycombinator.com/item?id=10890736
The problem with powerball is obtaining a large enough sample size...the space is much bigger than that of roulette.
Not something l'd recommend though, as I hate games of luck.
I think it's reasonable that some numbers are more likely. Either by their initial placement or by subtle effects of aerodynamics and weight of the painted numbers.
That said I think it's a little absurd to choose numbers. Like it actually matters. Just get computer picks. It's the best chance to not split the pot, assuming a fair computer.
Unrelated: I don't think it makes much sense to buy more than one ticket. The EV is still slightly less than the cost of the ticket and after the initial ticket you cannot boost you odds again like that. Even with positive EV it's still insanely high variance, so I don't see how multiplying your odds makes any difference, compared to raising your odds from zero which your initial ticket does.
I would think these machines go through very extensive testing both before they are deployed and between draws to prevent that from happening.
A quick google confirms that (http://time.com/4178768/powerball-drawing-security/, http://www.powerball.com/pb_contact.asp)