Turn the odds in your favor

“What are the odds?” It’s an old metaphorical question that comes up from time to time when something bold or unique finds success. But some people may ask this question almost daily, and in a more literal sense. If fact, the most innovative designers contemplate that question, or a similar one, when they venture into new territory and wonder if their creation will be accepted or work in a particular environment. In many ways, this very question is the thing that drives risk and innovation. Anyone can explore Design MENA and ask this question when taking a look at the interesting designs and stories about personalities in the field of design. These are the types of stories and the types of art that inspire.



Taking a chance

But the question also comes up in other endeavors, particularly recreational wagering, and in the most literal sense. For years, tens of thousands of people have gathered at Meydan Racecourse for the annual Dubai World Cup of thoroughbred horse racing, and the have asked the question. From the great Cigar – at odds of 1-5 in the 1996 inaugural, to the durable Animal Kingdom (11-2) last year, the race fans got their answer and were paid accordingly. At racetracks like Meydan, the odds are pari-mutuel, according to the pool of betting among wagerers. But all sorts of recreational gambling involve figuring odds. A poker player, when trying to fill an inside straight, knows that there is a 1 in 11 chance of getting the card he needs. At the other end of the spectrum, a lottery player who chooses one set of six numbers, knows that the odds of hitting that jackpot are 1 in millions. So players seek to reduce the odds; the poker player usually folds the inside-straight play and waits for an outside straight or flush opportunity, where the odds are much better; the lottery player simply plays more sets of numbers.


Taking on the challenge

Because of the chances of winning, lotteries have the most challenging odds in gambling. After all, the jackpots are so lucrative, and like any casino game, the odds favor “the house,” or in the case of lotteries, the state, province or nation that sponsors them. But lottery players know how to taper the odds toward success. They know that by playing several sets of numbers, their chances of hitting two, three or four numbers in any one set are increased. And today’s lottery game is more than simply a matter of going down to the corner store, buying a ticket and crossing your fingers. Lottery players these days have the internet, which has opened up a whole new world for the high-volume player. For instance, someone who wants to play the EuroJackpot, has a specific website that offers all of the information he needs. EuroJackpot is a transnational lottery that pools wagers from 14 European countries. Going to the website, a person can get the results of the draws and more. Anything from eligibility rules to tops on playing and information on payment/withdrawal systems are available at the EuroJackpot site. This type of website is important to frequent players because it allows them to strategize and get their numbers down with just a few clicks of the mouse or taps of the tablet screen.

The regulations surrounding games such a EuroJackpot can vary, depending on where a players lives. That information is made clear at the website, too. But the Eurojackpot website is a good example of how the internet has made playing the lottery convenient enough to allow anyone to increase their odds.

This entry was posted in Thoughts. Bookmark the permalink.

Add a comment

Your email address will not be published. Required fields are marked *