Once the Pick 3 prize was so high, I tried to calculate if the prize was more than the cost of the tickets, should you opt to pick every single number combination possible. Turns out, simply printing more than a million tickets would take a couple weeks. There goes that idea.
However, I have had some luck at the horseraces, which is called the pari-muteul system of betting. I figure, someone always wins on a horserace, and often there are only 10 horses. 1 in 10 chances ain't bad.
I tried to ascertain if one philosophy of betting was more lucky than others. For example, if I bet a dollar on every horse to win, would I often come out ahead?
I tried this for one race and won a total $2 after deducting my ticket costs, and figured the winning horse would always have to earn worse than 10 to 1 odds for me to make any money. So my father taught me about all these other styles of betting (exactas, WPS) and I decided to go with WPS, or win-place-show, or across the board. All these interchangeable terms mean you bet the horse will either come in first, second or third.
So far, I am up $120 in my three days of betting. I think this is called a winning streak.