What
are the odds?
Whenever
the Powerball jackpot climbs into stratospheric payoff realms, the publicity
ramps up, as well. This, of course,
results in a frenzy of ticket buying fueled by that good old American
virtue. Greed.
The
thinking goes, Well, somebody’s going to
win the windfall, so it’s worth a try. But
is it, really?
The odds
of winning the correct five of the 69 possible numbers, plus the correct one of
the 26 Powerball numbers, are one in 292,201,338. That number is eight times the entire population of Canada. The odds of choosing just the five correct
numbers are still one in 11,688,053. To
put that in some perspective, the odds of being struck by lightning in any
given year are only one in 700,000.
You’re
far better off trying for sainthood (a one in 20,000,000 possibility) or hoping
to draw a royal flush in poker on the first five cards (a one in 649,740
chance) or expecting to bowl a perfect 300 score (one in 11,500 odds) or attempting
to sink a hole-in-one in golf (odds for an average duffer 12,500 to one).
Yet
millions continue to feed their money into lotteries in 44 states, D.C., Puerto
Rico, and the U.S. Virgins. (Conspicuously there is no lottery in Nevada.) In 2014, these lotteries took in $70.1
billion. And such is the American addiction
to gambling that 508 commercial casinos and 470 tribal casinos across the land now
rake in another $20 billion or so per year.
That’s a total of some ninety
thousand million dollars per year. And ironically this behemoth industry is
taking no chance at all itself. It isn’t
gambling like its patrons are. It risks
nothing, despite its glittering payouts, because the odds are always heavily in
its favor, and the demand for it never goes away.
Gambling
in the hope of becoming rich, of getting something for nothing, is ill-advised,
to say the very least, especially if it strains your budget. The odds are simply way too heavily weighted
against you.
Besides,
you’ve already won one of the greatest possible lotteries.
What are
the odds that life would arise on this rather ordinary planet circling a modest
star at just the right distance in a particular galaxy of several billion stars
among the many billions of galaxies, and that this life would adapt and improve
over deep time to produce sentient creatures capable of determining their own
destiny? What are the odds that the
right two lineages of those creatures among the myriad millennia-long ancestral
lineages of those creatures would eventually combine to produce a single unique
sperm and a single unique egg at the perfect instant to create unique you?
What are
the odds you would be born into a time in the long evolution of humanity when
so many killer diseases have been vanquished, when so much about all things has
already been learned (often at great sacrifice and cost), a time when you can even
witness mankind’s early explorations of the Universe?
What are
the additional odds that you would be privileged to live in a land of such
advanced technology that your major organs and joints can be replaced and life
expectancy is higher by far than it ever was, a land of abundant resources and excellent
available nutrition, a land of clean water, a land where you can have access to
virtually all mankind’s knowledge in a pocket communication device, a land
where you’re free to express your opinions and become whatever you wish if
you’re only willing to work at it, where you’re free to save and invest the
fruits of your labor, free to enjoy life more richly than any other previous
generation on our planet? (Some 660
million people in Africa have no electricity, much less electric toothbrushes.)
The odds
of all that happening in perfect synchronicity are so preposterous as to verge
on the impossible. Billions to one? Trillions to one?
Yet here
you are in this place and time.
Congratulations on your big win.
Phil
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