# Lottery probability calculator excel

**CALCULATING**THE

**PROBABILITIES**OF WINNING

**LOTTO**6/49 VERSION 3 : MARCH 1, 2003 The

**probability**of event tells us how likely it is that the event will occur and is always a value between 0 and 1 (e.g. \there is a 50% chance of rain tomorrow" means that the

**probability**of rain is .50, or \that team has a 1 in 1000 shot at winning" means that the

**probability**that the team will win is 1 1000 = :001

**Excel**has some great tools for analyzing

**lottery**numbers. If you believe that certain numbers can be "hot", then

**Excel**has two tools that will let you see which numbers are coming up more often than others. I downloaded data from the Ontario

**lottery**site showing winning numbers for the past 3 months.

**lottery probability calculator excel**

**calculate probability**. We want to

**calculate**the

**probability**that a product sales is between 50 and 80.

**Calculating probability**. To perform the

**calculation**, we enter this formula in cell C11 = PROB (B4:B7, C4:C7, C9, C10) Where B4:B7 is the range containing the values for product sales, C4:C7 contains the

**probabilities**

**calculating lottery probability**or odds. In order to make it relevant, I decided to base it on the Grandlotto 6/55, the

**lottery**game with the biggest prize money here in the Philippines. There will be two different cases in the hub: the

**probability**of winning the game with all six numbers matching…

**Calculating probability**. To perform the calculation, we enter this formula in cell C11 = PROB (B4:B7, C4:C7, C9, C10) Where B4:B7 is the range containing the values for product sales, C4:C7 contains the

**probabilities**for each sales quantity, C9 is the lower limit of 50 while C10 is the upper limit of 80. Figure 3. Entering the

**probability**formula. As a result, the

**probability**in cell C11 is 0.68 or 68%, which is the

**probability**…

**lottery probability calculator excel**

**lottery numbers**with

**Excel**Functions. This method will walk you through applying several

**Excel**functions to generate

**lottery numbers.**And you can do as follows: 1. In a blank worksheet, type column headers in Range A1:C1 as below screen shot shown: 2. Enter formulas in Column A, Column B, and Column C: (1) In Cell A2, enter the formula

**lottery**game requires you to select 6 numbers out of 40, then the

**odds**against you winning are 3.83 million to 1. For a $1 bet and an $8 million payout, the

**odds**are in your favor.

**number**has a 1 in 67 (69-2) chance of being correct. 1/69 * 1/68 * 1/67 = 1/314364. Your 4th number has a 1 in 66 (69-3) chance of being correct. 1/69 * 1/68 * 1/67 * 1/66 = 1/20748024.

**Lotto Odds Calculator**enables users to

**calculate**the odds of winning the jackpot and additional prize levels for any given

**lottery**. To use the

**calculator**, type in the number matrix, select the number of prize tiers and tick whether the

**lottery**includes a bonus ball. If the

**lottery**includes a bonus number, additional options will appear specifying the bonus variables. Alternatively, select