One of the methods that people think will help them win jackpots within the lottery is to buy a lot of tickets. The logic seems to be sound, right? You just buy 100 to 1,000 tickets and have them all get picked at random. Buying in bulk is one way that some winners have been able to thwart the odds and get some big wins, but it’s rare.
This notion of buying tickets and winning based solely on the number of options you buy is not a good plan, and even though it sounds logical, it’s really not. One professor out of NYU was interviewed and asked about lottery winners and the way that they throw money away.
Aaron Tanenbaum, professor of Business Statistics commented on the fact that you cannot just buy more tickets and get better odds. The notion of odds bending in this manner is just not that simple. He would go on to state to the “Baltimore Sun” that the odds do not increase inherently based on the number of tickets you buy, but rather on what numbers you decide to play. That alone is the one way to curb the odds, but even then, thinking about large numbers is just not a normal occurrence, making it hard to really quantify the numbers as a whole.