Lotteries were all about probability. To say they went bankrupt was an exaggeration; how could it be possible? According to scientific calculations, it was found that those who ran lotteries could never go bankrupt.
It was impossible for them to go bankrupt no matter how you calculated it.
What Mr. Gu meant was, "Look, he just bought all the lottery tickets from the stand, what’s there to play?"
Clearly, he wasn’t a lottery player. Lottery players thought about spending a few dollars per ticket, aiming for a huge win, a top prize of tens of thousands and above. That’s what playing the lottery meant, earning dozens to hundreds of times more.
Mrs. Gu, however, was utterly confused, but one thing was clear, including the reality in front of them. Over many years, Mr. Gu’s total expenditures on lottery tickets must have been at least tens of thousands, but did he earn anything? No, he lost. It would have been better to do like Dabai and buy them all at once, instantly earning a hundred thousand.
"He knows how to play, you don’t, so you lost and can’t accept it, right?" Mrs. Gu said to Mr. Gu, hitting the nail on the head and completely undermining his argument.
Mr. Gu wondered what was going on, ruminating over it all the way, but he couldn’t figure it out.
Gu Nuan, standing by, wanted to explain it to her father but then thought better of it. If he understood, what would be left to play? Moreover, how could Mr. Gu possibly buy all the lottery tickets from the stand like her husband had?
Indeed, it was really a matter of probability.
Her husband had probably heard Mr. Gu talk a lot about the nearby lottery stands. In their area, there had never been a major lottery win. Therefore, not only had Mr. Gu not been able to make money, but other people hadn’t either. Not only that, but there were hardly any second or third prizes, with no one ever reported to have won them.
After all, with scratch cards, the top prize was only about a hundred thousand, and second and third prizes even less, which meant that the probability of someone getting these prizes was almost none, suggesting the probability of these prizes occurring in the future would increase.
Therefore, her husband had probably calculated the winning probability in his mind before taking his father-in-law to gamble, buying a bunch in one go. Although they didn’t win the top prize, they won both large and small prizes, which proved one thing: few people in their area bought scratch cards, allowing the prize pool to accumulate. Once her husband bought them all at once, how could he not win?
If you delved further into it, playing the lottery, just as Mr. Gu said, wasn’t really suitable for people like her husband.
The winnings were too little!
What would billions in winnings mean to a capital mogul? Just a few tens of million-dollar houses could earn that back.
If that was still not clear, just look at some big bosses who buy all the lottery tickets at once to reward their employees and inspire them to strive for success, and the truth would instantly dawn on you.
Another point Mr. Gu implied was that gambling in moderation was enjoyable, and there was some truth to that.
Therefore, when rich people gambled, they of course went for the bigger stakes, more thrilling experiences, and where did they go to gamble? Casino City of course.
Rich people usually played in Casino City, and that was the reason. Fınd the newest release on 𝓷𝓸𝓿𝓮𝓵⟡𝓯𝓲𝓻𝓮⟡𝓷𝓮𝓽
Of course, there was also the method used by her husband today, investing capital in one go, not fearing failure but just varying degrees of profit.
No matter what, today Mr. Gu truly realized what the real essence of playing the lottery was.
Previously, Mr. Gu had thought that lotteries were fair, that each person could only buy a ticket or a few tickets, never considering that he could use capital to buy all the tickets. So, on the way back, Mr. Gu felt frustrated and dejected.
It seemed that whether it was lotteries or stocks, as he had heard before, if you don’t have a significant amount of capital, don’t touch stocks; small investors only end up being devoured.