In this video, Mark aka MFA, goes over how to calculate the odds of winning a simple lottery. In the example used in the video the odds of winning the 649 lottery is shown. This lottery consists of selecting 6 numbers from a total of 49 possible numbers. The odds of guessing all 6 correct is about 1 in 14,000,000. A quick way of solving this is using the combination formula for probability and that is shown in the video too.
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I don't always play the lottery but when I do I usually calculate that I have no chance of winning :(
View Video Notes on Steemit: https://steemit.com/mathematics/@mes/odds-of-winning-the-lottery