It has been a while since I was out of school so I am hazy on stuff like factorials or binomial coefficients. So I need an explanation on how to use them for my problem.
I want to join a lottery where I have to pick $4$ numbers out of the numbers $1$ to $39$. The order of these picked numbers does not matter. To keep it easy on myself to check results, I always use the number $16$ as one number. I know this reduces my odds of winning the lottery, but I don't know how much this reduces it as opposed to picking all $4$ numbers at random. (I guess we can assume that all $39$ numbers have the same odds of getting picked.)
Any ideas would be much appreciated.
There are ${39 \choose 4}=82251$ possible draws. The lottery tries hard to make them all equally probable. To the extent they succeed, any set of numbers you pick has the same chance of winning, so always picking $16$ as one of your numbers does not change the odds.
Even if you buy two tickets having $16$ on both of them does not change your odds of winning a specific prize that depends on matching all four numbers. It can make it less likely to win some prize in a lottery that offers more than one by making it possible to win more than once in a given lottery.
The only thing you can do to improve your situation is to pick an unpopular set of numbers to reduce the number of ways you split the prize should you win. There is a variety of advice on how to do that, but I don't know how much of it is based on study of what people do and how much of it is speculation.
Good luck with $16$