Statements on statistical winning probabilities and odds of new or existing lottery products must be 100% correct, because lotteries live from their reliability. Winning promises that you make to your customers must be kept. On the other hand, in marketing you may only make statements that stand up to solid mathematical verification. But that is not so easy. In addition to well-founded statistics, a lot of technical understanding and precise knowledge of the products are required.
Do you want to offer new, innovative product ideas with attractive profits for your customers?
When modelling the products, it is necessary to keep your own risks in mind at all times. For example, you should avoid the risk of over-performing the plan, i.e. making profits in excess of the plan. But how can such a risk be assessed? What means can be used to cushion such risks? How do risks develop over a period of time or over a whole series of draws? These are questions that can be calculated and explained using mathematics and statistics.
All this can be found at lottery companies in the product development and gaming operations departments. But as is the case with complex, security-relevant topics: An external safeguarding by a second clever head excludes sources of error in the best possible way.