@crazyinnyc avatar
UTC

Addicted
07 GTS, 07 Stella
Joined: UTC
Posts: 768
Location: New York
 
Addicted
@crazyinnyc avatar
07 GTS, 07 Stella
Joined: UTC
Posts: 768
Location: New York
UTC quote
tomjasz wrote:
Techenigma wrote:
I never play the lottery. House advantage is roughly 50% and the payoff which seems huge is relatively slim in comparison to the odds involved. I play blackjack if I want to win money.
Laughing emoticon Better numbers but house still has the edge.
That's what counting is for.
@menhir avatar
UTC

Moderator
Joined: UTC
Posts: 5145
Location: Pittsburgh, Pa.
 
Moderator
@menhir avatar
Joined: UTC
Posts: 5145
Location: Pittsburgh, Pa.
UTC quote
jess wrote:
People don't buy lottery tickets because of (or in spite of) the math. They are buying a chance to dream for a moment.

It's the people who say things like "They can't do math" who are actually the oblivious ones, for they apparently lack any imagination or understanding of the human condition. Sad, really.

<- Doesn't play the lottery, except for days like today.
You hit the nail on the head.

I can do the math. Here it is...

Chances of winning if I buy a ticket: Small.
Changes of winning if I don't get a ticket: Zero

Hey, it's only a dollar. I can't get a soft drink for that and even if I could, there's a 100% chance that purchase would end up in the toilet anyway. (I'm truly sorry for that image. Sorry.)

No, I never buy tickets.

But my wife buys one once in a while. And while I was waiting in line for the Mega-Millions ticket, she was collecting her $20.00 winnings 8)
⚠️ Last edited by Menhir on UTC; edited 2 times
@crazyinnyc avatar
UTC

Addicted
07 GTS, 07 Stella
Joined: UTC
Posts: 768
Location: New York
 
Addicted
@crazyinnyc avatar
07 GTS, 07 Stella
Joined: UTC
Posts: 768
Location: New York
UTC quote
caschnd1 wrote:
GBaby wrote:
I'd buy one ticket because it's fun, but I'm not sure buying more than one really helps, especially if you consider that if you were the only one playing this current game and you had gone out and bought 500 million tickets, you still wouldn't have won.
Not according to the article I found that gave the odds. They reported the odds at 176,000,000:1. So if you bought 176,000,000 tickets you'd be gauranteed a win. But if someone else wins you have to split that jackpot, then there is taxes.. etc... covering the numbers is a terrible strategy even with $600,000,000 jackpot.

-Craig
And would take ~28 years to fill out the slips. Last I head @ $540MM they were claiming if you did just that neglecting state tax and had to split with one other person, you would lose $30MM.
@maxx28 avatar
UTC

Addicted
GTS 300 Super
Joined: UTC
Posts: 672
Location: Los Angeles, CA
 
Addicted
@maxx28 avatar
GTS 300 Super
Joined: UTC
Posts: 672
Location: Los Angeles, CA
UTC quote
I had my name on over 3000 tickets, won $18 Crying or Very sad emoticon
@bobby_kritikos avatar
UTC

Enthusiast
2001 ET4 150 , 2010 GTS 300 Super
Joined: UTC
Posts: 72
Location: San Antonio, Tx
 
Enthusiast
@bobby_kritikos avatar
2001 ET4 150 , 2010 GTS 300 Super
Joined: UTC
Posts: 72
Location: San Antonio, Tx
UTC quote
I won $2. Out shopping with it now.
@jess avatar
UTC

Petty Tyrant
0:7 And counting
Joined: UTC
Posts: 37270
Location: Bay Area, California
 
Petty Tyrant
@jess avatar
0:7 And counting
Joined: UTC
Posts: 37270
Location: Bay Area, California
UTC quote
Belkwinith wrote:
Me - Lakefront property with a row cottages for family and friends and a hobby farm with cows that need milking and chickens that need feeding. Add in facilities for rescued animals and a vacation camp for sick kids and their parents.

Oh and probably give a million dollars to everyone on my family at least. And $500,000 each for my friends.
With a prize the size of the one last night, I probably would have started with telling my family members (there aren't that many of them) to start looking around for a house in the $1 million range. They all live outside of California, so that's actually a pretty swank range. Some of my wife's family lives in California, and they would probably be somewhat insulted that we were buying them such a modest house.

Oh, and college funds for my nieces and nephews.
@bonkers avatar
UTC

Molto Verboso
'06 GTS (Grendel), '13 Honda NC700X (Ginger)
Joined: UTC
Posts: 1379
Location: Alameda, CA
 
Molto Verboso
@bonkers avatar
'06 GTS (Grendel), '13 Honda NC700X (Ginger)
Joined: UTC
Posts: 1379
Location: Alameda, CA
UTC quote
Bobby Kritikos wrote:
I won $2. Out shopping with it now.
ROTFL

Same. $2.

First thing I would do with that kind of money (or even a fraction of that kind of money, come to that) is get educated on how to even manage it properly. I'd hate to be The Moron Who Lost It All just a few short years later.
DoubleGood Design banner

Modern Vespa is the premier site for modern Vespa and Piaggio scooters. Vespa GTS300, GTS250, GTV, GT200, LX150, LXS, ET4, ET2, MP3, Fuoco, Elettrica and more.

Buy Me A Coffee
 

Shop on Amazon with Modern Vespa

Modern Vespa is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com


All Content Copyright 2005-2024 by Modern Vespa.
All Rights Reserved.


[ Time: 0.0168s ][ Queries: 3 (0.0077s) ][ live ][ 313 ][ ThingOne ]