Bankate.com
 
News and AdviceCompare RatesCalculators
Glossary  |  Help  
 
 
- advertisement -
 

What are the odds of ...?

What are the odds of ...?Have you ever read the odds-of-winning disclaimer on the back of that lottery ticket you buy every week? Neither have we.

Besides, who cares? Someone has to win and you could be the 1-in-80 million winner. Or maybe not.

"Suppose you have one friend in Canada. If you put the names of everyone in Canada in a hat and draw one name at random, you are 2.5 times more likely to draw your friend's name than you are to win the Big Game," according to Cal State-Hayward statistics professor Michael Orkin.

- advertisement -

If you find the chances of Powerball success too depressing, check out these other odds, culled from National Weather Service data and Les Krantz's 1992 book What the Odds Are: The A to Z Odds on Everything You Hoped or Feared Could Happen:

  • Odds of drowning in your bathtub: 1 in 685,000

  • Odds of being struck by lightning this year: 1 in 240,000

  • Odds that the pilot of your airliner is a convicted drunk driver: 1 in 117

  • Odds that you'll be injured on the job: 1 in 24,000

  • Odds of hitting a hole-in-one: 1 in 15,000

  • Odds of giving birth to a genius: 1 in 250

  • Odds of being audited by the IRS: 1 in 100

  • Odds that your next car ride will be your last: 1 in 4 million

Whatever you wager, always remember this odds-on favorite: Live every day as if it were your last and then someday you'll be right.

Jay MacDonald is a contributing editor based in Mississippi.

-- Posted: June 9, 2003
Looking for more stories like this? We'll send them directly to you!
Bankrate.com's corrections policy
top of page
See Also
Main: The American dream, one lottery ticket at a time
Uncle Sam wants a cut of your prize pie

How to handle sudden wealth

Financial advice glossary
More advice stories

Print   E-mail
 

30 yr fixed mtg 5.80%
48 month new car loan 6.92%
1 yr CD 3.03%
Alerts


Mortgage calculator
See your FICO Score Range -- Free
How much money can you save in your 401(k) plan?
Which is better -- a rebate or special dealer financing?
VIEW MORE CALCULATORS

BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement

MORE ON BANKRATE
Ask the experts  
Frugal $ense contest  
Quizzes  
Form Letters

ADVERTISING PARTNERS

- advertisement -
 
 


- advertisement -


News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.