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Yes, although you might be better off leaving your number of possible outcomes the same when writing the odds (so 14,000,000:4 rather than 3,500,000:1); same resultant number but easier to read to yourself as "this many outcomes, that many chances of winning".

Okay, so some basic probability. Your probability of a successful outcome is (number of successful outcomes)/(number of possible outcomes). If you have one ticket then your probability of a successful outcome is 1/14,000,000. If you have two tickets then your probability of a successful...

Out of curiosity, and in a vague attempt to bring this thread to some sort of conclusion, what do you think the odds become if you have two tickets in this situation?

But odds as quoted by a bookmaker are a measure of how much money you will obtain if an event occurs, rather than the probability that the event will occur, which is the use of the term 'odds' in probability theory. Probability theory states that for a (perfect) single die the chance of rolling...