About Site Map Submit Contact Us Log in | Create an account
Create an account Log In
Average Rating
User Rating:
Visitors Rating:
My rating:

Write review
  • License: Freeware
  • Last update: 5 years ago
  • Total downloads: 220
  • Price: Free |
  • Operating system: Linux, Mac OS X, Win All, BSD, Solaris
  • Publisher: Mike Sheppard (29 other programs)
See full specifications

scripts default iconLotto (Scripts) Publisher's description

Unlike casinos, lotteries are different in that you do not receive your wager back if you win

Unlike casinos, lotteries are different in that you do not receive your wager back if you win. For casinos a win is a win is a win. For lotteries you may spend $100 and win 30 times at $3 each and still be $10 behind. As such, the probabilities that are calculated are not the probability of winnings (which increases the more tickets you buy), but of winning at least the amount you paid for the tickets to begin with. (i.e. probability of break even or profit). These probabilities depend on the number of tickets you bought in relation to the distribution of prizes.

Computes the probability of winning at least your wager back in prizes, given a payout table and odds or probability table, versus the number of tickets bought. A 'multiplication' table for prizes can optionally be included. Also computes the optimal strategy and median amount of winnings for each case, as well an option to graph the results.

Examples are given in the comments of real-world lotteries for selected states, including MegaMillions and PowerBall. An explanation of the outputs in relation to those state lotteries are also given.

Contact information is included in the comments.
Suggestions and comments welcome.

System Requirements:

MATLAB 7.7 (R2008b)
Program Release Status: New Release
Program Install Support: Install and Uninstall

Lotto (Scripts) Tags:

Click on a tag to find related softwares

Is Lotto (Scripts) your software?

Manage your software

Most Popular

scripts default icon ASK, OOK, FSK, BPSK, QPSK, 8PSK modulation 1.1
ASK, OOK, FSK, BPSK, QPSK, 8PSK modulation contain several functions for digital modulation simulation
scripts default icon Simulink Communication Labs 1.1
Simulink Communication Labs allows you to learn communication systems in greater depth.
scripts default icon M-QAM modulation and demodulation 1.1
M-QAM modulation and demodulation is the QAM modulation and demodulation tech.
scripts default icon LZW Compression/Decompression 1.1
LZW Compression/Decompression - Updated LZW compressor and decompressor with reasonable performance
scripts default icon InSPIRE utility to plot a 2D displacement field (Scripts) 1.0
This program plots the deformation field (displace vectors) contained in vector.txt.