NexusFi: Find Your Edge


Home Menu

 





Talk about drawdown! Pennsylvania State Lottery hits a 7-7-7-7


Discussion in Psychology and Money Management

Updated
    1. trending_up 3,609 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,971 since Jun 2009
Thanks Given: 534
Thanks Received: 3,711

Wow, even when the odds are in your favor, you can still suffer serious drawdown, just look at the state of Pennsylvania's lottery. They had a recent payout 1573% of sales that they took in because the winning numbers were 7-7-7-7, a popular set of number to pick.

7-7-7-7 costs Pa. Lottery bigtime | Philadelphia Inquirer | 04/01/2010


Follow me on X Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
CFTC Rewrites the Rulebook -- Kalshi Cracks $1B Non-Spor …
Prediction Markets & Event Contracts
Strike Pause Holds, Oil Erases Monday Spike -- May CPI W …
Traders Hideout
Hormuz Normalization Collapses to 19.5% -- Iran Regime F …
Prediction Markets & Event Contracts
Al Arabiya: US-Iran Draft Deal Within Hours Contains Hor …
Prediction Markets & Event Contracts
Warsh Confirmed 54-45 on PPI Day -- 97% Say He Holds in …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
17 thanks
The Confluence Meter: A Multi-Layered Signal Framework B …
11 thanks
NT8 color choices
10 thanks
The Pivot Point 113.6³ — Navigating the Prediction of …
8 thanks
500 MES points a week
5 thanks
  #3 (permalink)
 
Trader.Jon's Avatar
 Trader.Jon 
Near the BEuTiFULL Horse Shoe
 
Experience: Beginner
Platform: NinjaTrader
Broker: MBTrading Dukascopy ZenFire
Trading: $EURUSD when it is trending
Posts: 473 since Jul 2009
Thanks Given: 401
Thanks Received: 184



shodson View Post
Wow, even when the odds are in your favor, you can still suffer serious drawdown, just look at the state of Pennsylvania's lottery. They had a recent payout 1573% of sales that they took in because the winning numbers were 7-7-7-7, a popular set of number to pick.

7-7-7-7 costs Pa. Lottery bigtime | Philadelphia Inquirer | 04/01/2010

I guess this means that the lotteries are fixed after all ....


Reply With Quote




Last Updated on April 11, 2010


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts