Why Trade When You Can Win $1.3 Billion Jackpot?

[ktm]

I think the lost productivity the last few weeks from all the news organizations profiling "how to spend your winnings" and similar stories - rivals that of March Madness.

It reminds me of some newbs that arrive here having made 4% in a day and extrapolating that forward every day til they reach squillionairedom. It's good to have dreams I guess.

 

[Money Trust]

Winning the lotto, odds of like 1 in 300 Million, right? That's past gambling...I don't even know the word for it.

 

[kut2k2]

Winning the lotto, odds of like 1 in 300 Million, right? That's past gambling...I don't even know the word for it.

Depends on what the current jackpot is relative to the breakeven jackpot is. I never calc'd the bejp for powerball. I used to have a formula that told me exactly how many MegaMillions tickets to buy based on whatever the current jackpot was but that was several years and an old computer ago.

 

[lawrence-lugar]

i didn't buy a ticket. lol . i changed my mind last minute. -- i'm a rather rational logical person.
but my imaginery numbers in my head for tonights 1.5 billion jackpot are: 2,11,32,45,47,50

(there'll be a smile on my face...when i realized i saved/gained $2 from not buying a ticket)

 

[FCXoptions]

i didn't buy a ticket. lol . i changed my mind last minute. -- i'm a rather rational logical person.
but my imaginery numbers in my head for tonights 1.5 billion jackpot are: 2,11,32,45,47,50

(there'll be a smile on my face...when i realized i saved/gained $2 from not buying a ticket)

Those numbers don't even match the possible #'s lol. I think the powerball number only goes up to 35. So currently your odds are 0 lol

 

[lawrence-lugar]

Those numbers don't even match the possible #'s lol. I think the powerball number only goes up to 35. So currently your odds are 0 lol

lol...ok, so my new random numbers are....1,3,5,22,29,30 (i just want to place a record of my numbers somewhere online before tonight's drawing. )

 

[lawrence-lugar]

I don't think traders and business/finance people play the lotto -- lotto players are more for...normal people who don't really grasps the concept of odds and realism.

(all of the lotto winners in history have been normal people... to put it nicely.)

 

[marcoPolo21]

i think the break even was $2 x 292 million to 1 - or around [let's say ] $585,000,000

it was a [definitely] a positive expectation at $1.5 + billion'

marc

 

[running_bare]

LOL

The "mathematically challenged" jackpot winner says "F U, aspie"

Only for the intelligent.


No, just hard to believe. Unless you have a scientific survey showing otherwise, most people play the Lottos out of hope and/or desperation. Fuck fun, they want the money. Especially the ones who have to build up the jackpot to the point where there actually is some positive expectation. At least in Vegas the odds are better and the payoffs are instant, not delayed over days.

Don't feel bad about your gambling addiction. It's your lot in life to be one of the hopeless suckers who build up the jackpot to the point where it's worth playing for the rest of us.

 

[running_bare]

BS

Just more COPING (COPING MECHANISM) that "smart" people don't play the lottery.
Thing is most "smart" people who win don't want publicity so only the "normal" people ever reveal themselves

The Chino Hills winner is a 27 year old millionaire hedge fund manager of Siegel International & has told the lottery that he had no specific plans for the money, which he will choose to receive in instalments over the next 30 years.

(Chino Hills is a rich suburb, boyo)

He also says "F U and your $15,000 piker account"

LOL

I don't think traders and business/finance people play the lotto -- lotto players are more for...normal people who don't really grasps the concept of odds and realism.

(all of the lotto winners in history have been normal people... to put it nicely.)