If you consider that you have a coin, head or tails, and let's say tails equals winning the lottery. If I participate in one such event, I may not get tails. It's roughly 50%. But if a hundred people are standing with a coin and I or them get to flip it, my chances of having gotten a tail after these ten attempts, is higher, is it not? Way higher than 50% though I'm not sure how to calculate it.
So why is it different for lotteries? Or is it? I was once told that in a certain lottery, I had a one in 12 million chance of winning. And like the coin toss, each lottery is different with different odds, but would the accumulated odds be way higher if I participate, be it in this same lottery over a thousand times, or this lottery and thousand other lotteries around country, thereby increasing my chances of getting a win, a tail?
I appreciate a response, especially at level of high school or first year university (did not do math past first year university). Thank you.
Anyway, I withdraw my previous answer. My bad!
– 727 Aug 06 '15 at 08:29