Saturday, November 7, 2009

Professional Approach the Lotto

Serious lottery players, Stock Market traders, Insurance actuaries and Meteorologists are a lot alike. What they have in common is called Forecasting and it is done around the world twenty four seven by governments, industries and scientists. Without Forecasting the world, as we know it, would grind to a halt overnight. So, using Forecasting to play the lottery makes good sense.

Stock market investing firms around the world have spent billions of dollars on software to analyze stock prices. Their buy/sell decisions are made by professional traders that are using that software to analyze the performance history of every stock. Protecting that software investment is a paramount security concern for these companies. Why? They would lose their competitive edge if a hacker got access to their software.

So, what does this software do? It predicts the future by evaluating the past. The best lottery software examines the past winning lotto numbers to help the player improve his chances of winning the lottery in the next drawing. The two data sets are different but the approach is the same. Since Wall Street uses forecasting software to make stock price predictions then, serious lottery players should use lottery software to make their lottery predictions. So, what's good enough for Wall Street is good enough for Main Street?Similar parallels can be drawn in other professions. For example, take the Insurance industry. So, what do Insurance companies have to do with playing the lottery? Very little actually except for one thing. The methods used by serious lottery players to prepare for the next drawing are very similar to the methods used to determine insurance rates.

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