Wednesday, January 2, 2013

How Would a 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.
Actuaries calculate the insurance rates. They mathematically evaluate the historical frequency of certain events for different areas of the country. Take a 42 year old married man with two boys, living in Chicago, who drives less than 150 miles per week and has a clean driving record. To determine the rate, the insurance company will evaluate the historical record to determine what the frequency of accidents are for this demographic.
Serious lottery players discovered they can do the same thing. By analyzing the past winning numbers, lottery players can find frequencies that show statistical promise for the next drawing. Now, whether it is insurance or the lottery, the task is difficult and requires sophisticated computer software. Such software must, not only be up to the task but, render the kind of analysis, and information that is useful in making a decision. This reasoned business approach can easily be applied to the lottery. In fact, serious lottery players from North to South and from coast to coast are using lottery software to make professional lottery predictions.
Here is yet another example; Meteorology. That's right; the weather man. It's all about the weather. Meteorologists study the changes in temperature, air pressure, moisture, and wind direction. Using the knowledge they gain, they are able to predict or forecast tomorrow's weather. The weather men study the historical record and, from that, predict what they believe will happen tomorrow. Do you see the common thread? This is exactly what serious lottery players do before every drawing. In both cases, the assignment requires the use of computer software that is up to the task. Whether it's raining on the plain in Spain or 'Raindrops Keep Fallin' On My Head', serious lottery players also need software to make their lottery forecasts.
A few years back, there was some research done that tried to prove that the experience and training of the forecaster was the main factor in the accuracy of a forecast. To everyone's surprise, analysis indicates that you don't have to have a PHD to be able to forecast. It is very easy to learn. In other words, it doesn't take long for a beginning forecaster to come up to speed.
Coming up to speed could be a problem when you're riding a tricycle. Any successful forecaster must have some good tools at his disposal; a computer and some good software. Manually generated graphs and charts are relics of a distant past. Not only can a computer do all this faster without errors, it can do the job more thoroughly. Today, lottery number predictions and forecasts are as expertly done as in government, business and industry. It's time to employ similar techniques to improve your chances of winning the lottery.

Article Source: http://EzineArticles.com/3248108

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