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An Analysis of the Distribution of Combinations Chosen by UK National Lottery Players

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  • Simon, Jonathan

Abstract

This paper is concerned with the behaviour of lottery players when they get to choose their own numbers. Most lotto players do not pick combinations at random, but prefer more idiosyncratic techniques when they fill in the play grid. This is highlighted when the actual distribution of combinations for a single draw in the UK National Lottery is examined. A new model of gambler choice is developed and specified, and the resulting distribution of combinations fitted to the empirical data. Various implications of the model are discussed, such as the expected value of lotto tickets for different types of players. Copyright 1998 by Kluwer Academic Publishers

Suggested Citation

  • Simon, Jonathan, 1998. "An Analysis of the Distribution of Combinations Chosen by UK National Lottery Players," Journal of Risk and Uncertainty, Springer, vol. 17(3), pages 243-276, December.
    • Handle: RePEc:kap:jrisku:v:17:y:1998:i:3:p:243-76
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    Cited by:

    1. Roger, Patrick & D’Hondt, Catherine & Plotkina, Daria & Hoffmann, Arvid, 2022. "Number 19: Another Victim of the COVID‐19 Pandemic?," LIDAM Reprints LFIN 2022012, Université catholique de Louvain, Louvain Finance (LFIN).
    2. Ursula Hauser‐Rethaller & Ulrich König, 2002. "Parimutuel Lotteries: Gamblers' Behavior and the Demand for Tickets," German Economic Review, Verein für Socialpolitik, vol. 3(2), pages 223-245, May.
    3. Irenaeus Wolff, 2017. "Lucky Numbers in Simple Games," TWI Research Paper Series 107, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    4. Kent Grote & Victor Matheson, 2011. "The Economics of Lotteries: An Annotated Bibliography," Working Papers 1110, College of the Holy Cross, Department of Economics.
    5. Hauser, Ursula & Koenig, Ulrich & Krylova, Elizaveta, 2000. "Gamblers' Rationality in Parimutuel Soccer Betting," Economics Series 87, Institute for Advanced Studies.

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