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Friday, May 10, 2024

Math expert slams govt lotto chances

A potential buyer is looking for a favourite government lottery ticket in Phra Nakhon district, Bangkok, in February. (Photo: Apichart Jinakul)

One would have to buy the lottery 100 times consecutively — which amounts to around four years and two months — just to win the two-digit prize, says a statistics expert at Thammasat University.

Assoc Prof Wararit Panichkitkosolkul referred to a recent study by the Faculty of Science and Technology at the university, which showed the likelihood of winning the government lottery. He said the government should stop promoting the lottery as it is already popular and the odds of winning are low.

The study also showed that the likelihood of winning 2,000 baht from the government lottery’s…

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