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Lol, man you so technical and specific. So I'm proposing they make up a new hybrid thingie, called it raf-lotto, just for u. Just like lotto only with a socialist touch. lol

Mav, Wow, you are getting very specific on this stuff. So I'll play along. According to Merriam-Webster dictionary a raffle is "a lottery in which the prize is won by one of numerous persons buying chances." So, technically, all raffles are lotteries but not all lotteries are raffles...

Perfect example. Slot machines. I liked playing Australian slots. It seems to be a game of skill, you get to play one or many lines. But in the end, it's all a gimmick. Just put your money in the machine and press the button.

You seem to place a lot of importance in picking numbers. It's a gimmick. They could come up with something where you entered the lottery by using your Social Security number so that you have one entry to play. Every person that enters a lottery is just hoping that they get picked. How...

Dude, you thinking way too much. People picking random numbers or people getting picked from a basket of tickets. Same shit. You seem to think picking numbers is some skill. It's all luck. Yes, one guy only gets one share. Not like in current lottery where he might have 2 winning...

It works the basically the same way that it does now. Bunch of people buy "tickets" and if they win they get a million from the pot. $100 million in the pot, 100 winners. $2 million in the pot, 2 winners.

Don't know where you getting these hard-coded numbers from. I said that there should be a guaranteed millionaire for every million in the pot. Divvying up by an exact number is silly.

For a while I was spending $2 every Sunday buying lottery tickets. Like most Americans, it's inconsequential compared to other vices that they have.

I don't know what your point is on this one. $50 million or $450 million is pretty much the same to most Americans (same in the sense that either one is life-changing already). Most Americans buy a handful of tickets, anywhere from 1 to 15 tickets (totally guessing). Only the stat geeks...

Everyone needs a couple of breaks now and then but to make $50 billion or to be the best football team that year is an accomplishment that requires an incredible amount of effort and skill. To compare that to picking a bunch of numbers. Cmon dude. Buying AAPL at $8 and then HOLDING it...

Superbowl winner and Bill Gates are examples of people who represents the best at what they do. They EARNED the rewards. A lottery winner is just dumb luck.

Huh? Need? Your talk smacks of socialism. He EARNED it so he's entitled to it.

$1.50 for 300 million Americans is socialism. Having a lottery where there's a guaranteed millionaire for every million dollars in the pot is just another way to divvy up the winnings for a bunch of lucky SOBs. Still got to get lucky enough to be one of the winning few. And no, your...

I always said that it would be better served if they made multiple millionaires, in this case hundreds, rather than one filthy son-of-a-bitch. Think about it. Over 400 people could be rewarded with a guaranteed million dollars. A million dollar is still life-changing money to the majority...

Getting to breakeven shows progress. Just do more homework. Do more of the stuff that's winning and less of the stuff that loses. For instance, in trading russell futures, I've found that I had too tight a stop so I changed my trading to increase my stop as well as think more in term of...

Btw it's even more difficult. Dow is already up 8% this year alone. So it really an 47% upside move if we hit 18,000. Seriously need to know your facts before you start making wild conjectures.

Dow is currently at about 13,238. For it to go to 18,000, that's a 36% upside move. Statistically, for the last 50 years, what's the most the dow has ever gained in one year? I think it's unlikely we see 18k. More like +/- 10% edit: Here you go: Dow Jones Industrial Average Yearly...

Madoff, before the downfall, was a pretty prestigious name. He was once chairman of Nasdaq. Ran a very reputable firm. As to how he was able to garner so much assets. Feeder funds. He had an entire network of other people working to get him money. Akin to Amway sellers and their...

:( That's actually his plan. Wasted time holding a bad security is just as bad as losing money.

The underlying index is TVIXIV. Anyone trading this thing should have kept a very close watch on that index. If you didn't you weren't paying enough attention, especially for such a dangerous leveraged product. The divergence was very apparent before the thing imploded. I have a friend...