Tuesday, January 13, 2009

Winning the Lottery Takes Balls

I love studying probability and statistics. In the California Super Lotto, the "odds" are 1 to 3.12. Doesn't sound bad. These however are the "overall statistics" where it accounts for the number of $1 and $2 win tickets. The probability of correctly matching 5 randomly selected numbers plus an additional 6th mega ball are near impossible; 18,009,460 possible number combinations between the 6 balls. Remember: You can't lose if you don't play. Play responsibly. Your schools don't win either (they have their own probability model for distribution). Keep dreaming. Keep hoping the infinite probability drive will take you to the Restaurant at the end of the Universe. You can also dream that home mortgages will come down to 4% on super jumbos. For those who want better odds, jockey your loan for position now. The race is on and all the balls are in the air. Place your bets (lock in your loans) now before the window closes. Pat Townsley, mortgage broker. 415-485-1776

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