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01-04-2013, 12:08 PM
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Originally Posted by Grimmas View Post
Loto 649 has a 1 in 26 million chance to win the jackpot.
On aggregate what are the chances of somebody winning it? The chances of my house burning to the ground are pretty slim. But I still buy insurance. Insurance companies make money so mathematically speaking it doesn't make sense to buy insurance. But we do because its better to spend a small amount for the potential savings in case of a huge disaster. The logic behind the loto is no different.

And its 1 in roughly 14 million not 26

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