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Is 1.6 Billion Dollars time to buy a lotto ticket just because of the chance? |
Yes |
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84% |
[ 21 ] |
No |
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16% |
[ 4 ] |
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Total Votes : 25 |
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ContagiousInspiration Franchise Player
Joined: 07 May 2014 Posts: 13811 Location: Boulder ;)
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VicXLakers Franchise Player
Joined: 08 Feb 2006 Posts: 11823
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Posted: Sat Oct 20, 2018 1:24 pm Post subject: |
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I'd drop a double sawski on it if I could |
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HOF Rookie Star Player
Joined: 09 Jun 2015 Posts: 1717
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Posted: Sat Oct 20, 2018 2:20 pm Post subject: |
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if you can spare a few bucks, i say, go for it.
i've hit 4 numbers a couple times in office pools. almost there! |
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cheapedy Sixth Man
Joined: 26 Jun 2005 Posts: 83
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Posted: Sat Oct 20, 2018 4:32 pm Post subject: |
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My GF and I entered a blog contest to win 4 tix to the Aquarium of the Pacific. There were 5 total entries including us.....winner chosen at random....we didn't win!
Don't buy lottery tickets! |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Sat Oct 20, 2018 5:26 pm Post subject: |
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I never buy more than 1. I figure you have to play to win......but I figure if your going to be that extremely lucky, you will probably win with 1. (I know the math does not support this theory). |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
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Posted: Sat Oct 20, 2018 5:42 pm Post subject: |
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The odds are pretty bad at winning the mega millions. I mean everyone in the US can probably buy a ticket with their own unique number combination and they can still miss the numbers that come up. |
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JerryMagicKobe Moderator
Joined: 28 Jul 2005 Posts: 15100
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Posted: Sat Oct 20, 2018 10:26 pm Post subject: |
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I’ve already spent the winnings. |
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dont_be_a_wuss Franchise Player
Joined: 29 Mar 2012 Posts: 21415
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Posted: Sat Oct 20, 2018 11:07 pm Post subject: |
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Does the jump up to 1.6billion mean that people spent over 600M on lotto tickets in the 3-4 days between drawings??? |
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Omar Little Moderator
Joined: 02 May 2005 Posts: 90299 Location: Formerly Known As 24
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Posted: Sat Oct 20, 2018 11:35 pm Post subject: |
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The odds of winning it are about the same as someone from another country being told that we’ve picked one random person that he has to find. Every ticket is like him walking up to a stranger and asking if they are the person. Your odds go up with each person you ask, but you could do this for a lifetime without getting close. _________________ “We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented.” ― Elie Wiesel |
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tox Franchise Player
Joined: 16 Nov 2015 Posts: 17835
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Posted: Sun Oct 21, 2018 12:51 am Post subject: |
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lakersken80 wrote: | The odds are pretty bad at winning the mega millions. I mean everyone in the US can probably buy a ticket with their own unique number combination and they can still miss the numbers that come up. |
I think I saw the expected value peaks at $400M, and earnings higher than that actually see diminished expected value (because the odds decrease at a smaller rate).
Of course, expected value is kind of a useless way of looking at it. If you won $100M you'd basically be as well off as if you won $1.6B. So yeah, the math makes no sense to go for a $1.6B ticket.
That said, it is a different matter entirely to argue that the $5 or however much a ticket costs (never bought one in my life) isn't worth the feeling of irrational hope for a week or whatever. I'll spend $5 so I don't have to walk 20 minutes to pick up food, so what's another $5? |
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Raijin Star Player
Joined: 08 Feb 2009 Posts: 6576
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Posted: Sun Oct 21, 2018 5:44 am Post subject: |
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tox wrote: | lakersken80 wrote: | The odds are pretty bad at winning the mega millions. I mean everyone in the US can probably buy a ticket with their own unique number combination and they can still miss the numbers that come up. |
I think I saw the expected value peaks at $400M, and earnings higher than that actually see diminished expected value (because the odds decrease at a smaller rate).http://forums.lakersground.net/viewforum.php?f=19
Of course, expected value is kind of a useless way of looking at it. If you won $100M you'd basically be as well off as if you won $1.6B. So yeah, the math makes no sense to go for a $1.6B ticket.
That said, it is a different matter entirely to argue that the $5 or however much a ticket costs (never bought one in my life) isn't worth the feeling of irrational hope for a week or whatever. I'll spend $5 so I don't have to walk 20 minutes to pick up food, so what's another $5? |
If $5 could buy me irrational hope for a week I would do it in a heartbeat and keep it doing in perpetuity if it held the same effect. _________________ "It was tough," Kobe Bryant said. "But when it got really tough for me, I just checked myself in." |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38751
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Posted: Sun Oct 21, 2018 7:00 am Post subject: |
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dont_be_a_wuss wrote: | Does the jump up to 1.6billion mean that people spent over 600M on lotto tickets in the 3-4 days between drawings??? |
Each time the lottery rolls over with no winner, the pot gets bigger. Its great marketing and people spend even more money to try to win from the last drawing. I'm not sure how they calculate it so fast after no winners but I guess they see enough income to increase it by 600 million. |
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LarryCoon Site Staff
Joined: 11 Aug 2002 Posts: 11264
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Posted: Sun Oct 21, 2018 7:06 am Post subject: |
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Omar Little wrote: | The odds of winning it are about the same as someone from another country being told that we’ve picked one random person that he has to find. Every ticket is like him walking up to a stranger and asking if they are the person. Your odds go up with each person you ask, but you could do this for a lifetime without getting close. |
And for a real challenge, you'd ask them in alphabetical order. |
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audioaxes Franchise Player
Joined: 26 Apr 2004 Posts: 12573
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Posted: Sun Oct 21, 2018 10:22 am Post subject: |
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nope ill never ever play the lottery. The biggest gamble I'll take is betting a few bucks on the pass line + odds on craps... and thats only if Im getting served comp drinks. _________________ (bleep) Kawhi |
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Freddie Buckets Star Player
Joined: 08 Oct 2007 Posts: 9131
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Posted: Sun Oct 21, 2018 4:19 pm Post subject: |
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when i win the mega millions, ill buy a suite at a laker game and you're all invited. |
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Steve007 Franchise Player
Joined: 21 Jul 2006 Posts: 13165
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Posted: Sun Oct 21, 2018 4:42 pm Post subject: |
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adkindo wrote: | I never buy more than 1. I figure you have to play to win......but I figure if your going to be that extremely lucky, you will probably win with 1. (I know the math does not support this theory). |
The odds are pretty much the same anyway whether you buy one or several hundred. Either way you’re as close to zero as you can get. |
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DaMuleRules Retired Number
Joined: 10 Dec 2006 Posts: 52624 Location: Making a safety stop at 15 feet.
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Posted: Sun Oct 21, 2018 4:56 pm Post subject: |
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Steve007 wrote: | adkindo wrote: | I never buy more than 1. I figure you have to play to win......but I figure if your going to be that extremely lucky, you will probably win with 1. (I know the math does not support this theory). |
The odds are pretty much the same anyway whether you buy one or several hundred. Either way you’re as close to zero as you can get. |
Yeah, but you have more chances! _________________ You thought God was an architect, now you know
He’s something like a pipe bomb ready to blow
And everything you built that’s all for show
goes up in flames
In 24 frames
Jason Isbell
Man, do those lyrics resonate right now |
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DaMuleRules Retired Number
Joined: 10 Dec 2006 Posts: 52624 Location: Making a safety stop at 15 feet.
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Posted: Sun Oct 21, 2018 5:01 pm Post subject: |
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audioaxes wrote: | nope ill never ever play the lottery. The biggest gamble I'll take is betting a few bucks on the pass line + odds on craps... and thats only if Im getting served comp drinks. |
How would anyone with that attitude ever end up near a craps table? _________________ You thought God was an architect, now you know
He’s something like a pipe bomb ready to blow
And everything you built that’s all for show
goes up in flames
In 24 frames
Jason Isbell
Man, do those lyrics resonate right now |
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non-player zealot Franchise Player
Joined: 05 Nov 2007 Posts: 21365
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Posted: Sun Oct 21, 2018 7:51 pm Post subject: |
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HOT DAMN!
YES, I'll buy 5. I'm sure there are people who'll carry on about odds, but that's good enough for a F-it Five.
I'll buy 5 just for the daydreams by THEMSELVES!
I gotta find me the nearest 7/11. I actually haven't noticed one where I recently moved to. There aren't a lot of liquor stores where I'm at. It's the cute part of the IE here. _________________ GOAT MAGIC REEL
SEDALE TRIBUTE
EDDIE DONX! |
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non-player zealot Franchise Player
Joined: 05 Nov 2007 Posts: 21365
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Posted: Sun Oct 21, 2018 7:57 pm Post subject: |
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VicXLakers wrote: | I'd drop a double sawski on it if I could |
1.6 is Devil's triangle and boofing territory. _________________ GOAT MAGIC REEL
SEDALE TRIBUTE
EDDIE DONX! |
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non-player zealot Franchise Player
Joined: 05 Nov 2007 Posts: 21365
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Posted: Sun Oct 21, 2018 7:58 pm Post subject: |
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lakersken80 wrote: | The odds are pretty bad at winning the mega millions. I mean everyone in the US can probably buy a ticket with their own unique number combination and they can still miss the numbers that come up. |
To me it seems like the winner is always from Michigan or Pennsylvania. I vaguely recall that there was a Californian who won it once, but I could be wrong. _________________ GOAT MAGIC REEL
SEDALE TRIBUTE
EDDIE DONX! |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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Posted: Sun Oct 21, 2018 8:41 pm Post subject: |
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non-player zealot wrote: | lakersken80 wrote: | The odds are pretty bad at winning the mega millions. I mean everyone in the US can probably buy a ticket with their own unique number combination and they can still miss the numbers that come up. |
To me it seems like the winner is always from Michigan or Pennsylvania. I vaguely recall that there was a Californian who won it once, but I could be wrong. |
it was a big PowerBall with like 3 different winners....but I recall the gas station or convenience store in CA was the first identified....and people from the neighborhood gathered at the location celebrating for some reason. Not sure if the winner was actually from the neighborhood. It was in the past 3-5 years if we are referring to the same one.
actually wasn't the last Mega Millions won in July in CA?
States with most Mega Million winners
States with most PowerBall winners |
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adkindo Retired Number
Joined: 16 Jun 2005 Posts: 40345 Location: Dirty South
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audioaxes Franchise Player
Joined: 26 Apr 2004 Posts: 12573
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Posted: Sun Oct 21, 2018 9:04 pm Post subject: |
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DaMuleRules wrote: | audioaxes wrote: | nope ill never ever play the lottery. The biggest gamble I'll take is betting a few bucks on the pass line + odds on craps... and thats only if Im getting served comp drinks. |
How would anyone with that attitude ever end up near a craps table? |
well thats easy... as a math guy I dont really gamble. But if im in Vegas with the wife I'll hit up a craps table to burn time as its actually a fun game to play with a good table crowd going and comp drinks flowing in. And with playing pass/dont pass with full odds its as safe a bet as you can possibly get. _________________ (bleep) Kawhi |
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LakerLanny Retired Number
Joined: 24 Oct 2001 Posts: 47565
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Posted: Sun Oct 21, 2018 10:04 pm Post subject: |
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I spent $4 the other day and may pump it up to $8 now that it is up to $1.6 billion. _________________ Love, Laker Lanny |
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