7 The Reasons Why 99% Of Online Businesses Fail

Hi ZS, assuming that whether or one wins or loses on one scratch ticket (what is that, in any case?) is independent from winning or losing on every other scratch ticket, you treat each event as a separate event. Laws of probability tell us to multiply the various probabilities of independent ordeals. It appears that the probability of [losing] on any particular scratch ticket must be 2/3. Useful and obviously the odds of [losing] on 30 scratch tickets in a row (if that’s what your is actually asking) must be (2/3)^30 = approximately 5.2 x 10^-6, which is about.0000052, or 52 coming from 10 million, which amounts to 1 chance out of 192,307.

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