SOLUTION: Please settle a bet. If the odds on winning the Lottery are 20,000,000 to one and you have 20 tickets. Are my odds now 1,000,000 to one or 19,999,980 to one. Thanks for your help.

Algebra.Com
Question 300225: Please settle a bet. If the odds on winning the Lottery are 20,000,000 to one and you have 20 tickets. Are my odds now 1,000,000 to one or 19,999,980 to one. Thanks for your help.
Answer by scott8148(6628)   (Show Source): You can put this solution on YOUR website!
hope you bet on the million, because that's the right one

if you think about it (thought experiment); what if you bought 10.000,00 tickets
___ every other ticket is your's, so the odds are two to one that you will win
___ not 10,000,000 to one

RELATED QUESTIONS

Suppose you have 50 diffrent numbers that you play in a lottery every time they draw and... (answered by Alan3354)
A modified roulette wheel has 44 slots.One slot is 0, another is 00, the others are... (answered by stanbon)
If the odds in favor of your winning a bet are 3 to 8, what are the odds against winning... (answered by Fombitz)
If there are 20 tickets in a lottery with only one prize and five of the tickets belong... (answered by ikleyn)
If a game were "fair," the payoff on a bet would be the same as the odds for the event.... (answered by edjones)
Could you help me please, to solve this problem A lottery is created with 35 numbers.... (answered by math_helper)
one million tickets are sold for a lottery in which a single prize will be awarded a)... (answered by ewatrrr)
A lottery has a grand prize of $280,000, five runner-up prizes of $28,000 each, eleven... (answered by ikleyn)
If a lottery ticket gives 1:99 odds, what is the probability of drawing two winning... (answered by stanbon)