Pointless Math Stuff (or not)

Share This Post!
Jim Green does some math stuff about buying more than one card.

Written by Jim Green

math.txt
Buying just one card in any game you play gives you the best theoretical return on your money.

This was a surprise when I first discovered the maths too.

Basically, buying one ticket when there are 99 other tickets gives you a 1/100 chance of winning. Your Expected Value (prize*probability of winning)-entry fee is 1-1=0

Buying two tickets when there are 99 other tickets gives you a 2/101 chance of winning 101. Your Expected Value is 101*(2/101) - 2 = -0.01


Article continued on: Bingo Welcome Bonus


Related Articles

Online Bingo the Same as Traditional Bingo?
Bingo has evolved through the years, and with huge jackpots and differing rooms, you can rest assured that this is not your grandmother's bingo.
is_online_bingo_the_same_as_traditional_bingo
Bingo Lingo
Bingo afficionados have a language of their own, when you combine that with internet abbreviations, it gets pretty confusing.
lingo
Getting the Most Bang for Your Online Bingo Buck
Peruse the best online Bingo sites and explore their promotions to get the most out of your experience.
getting_the_most_bang_for_your_online_bingo_buck
Shopping Around: Finding a Bingo Room to Fit Your Needs
Bingo is a personal playing preference, and with the availability of bingo sites online, there is no reason all of your preferences cannot be met!
shopping_around:_finding_a_bingo_room_to_fit_your_needs
Online Bingo Games are certainly a consideration but convenience is absolutely a positive aspect of Internet bingo. You really should try out online bingo. The fun and excitement of the game of bingo is simply right at your fingertips. No need to leave your home. You can have a go at night or day as bingo online sites never close. bingo on the Internet websites also have facilities that make playing the game of bingo much simpler than when playing in a traditional bingo hall. Not only are the graphics colourful and fun, but a great deal of games features themes that add a whole new level to the game. You can play as many cards as you wish when playing online bingo. Since Internet bingo games feature the facility to automatically complete the card, it makes it much easier to have a play at multiple cards. In fact, so simpler, you can have a go at more cards than you can at a bingo hall. Also, a multitude of bingo online players have detected that the online bingo sites can very often offer a larger jackpot. So, if you haven't tried the Internet bingo craze or Online Bingo Game, you might want to give it a try!