Bigred1995
Posts: 1,042
Dec 29, 2010 4:11pm
FatHobbit;617160 wrote:Do you need to spend a dollar to imagine how you would spend money you have a very slim chance of winning? I can do that for free.
You can do that for free, but you also have 0% at winning. When you at least play $1, the chances are still very low, but they're considerably better than 0%!
I
I Wear Pants
Posts: 16,223
Dec 29, 2010 4:13pm
No I don't. But I tend to do it after I purchase a ticket and not any other time.
Also, as of today I'm still positive on my total lottery winnings to money spent on tickets ratio. So maybe my opinion will change when that changes.
Also, as of today I'm still positive on my total lottery winnings to money spent on tickets ratio. So maybe my opinion will change when that changes.
Q
queencitybuckeye
Posts: 7,117
Dec 29, 2010 4:15pm
I'll agree to a point, throwing a buck at it here and there is OK. Where jmog's point becomes extremely valid is for those people who play $20 or more each week, and live hand to mouth. $20 per week at historical rates of return in the marketplace yields (conservatively) a nest egg of a quarter million dollars over a working lifetime. Many of the same people will be more than willing to tell you that "the working man can't get ahead". They really should STFU.I Wear Pants;617158 wrote:Mathmatically challenged sure. But unless you believe that no one actually wins and it's a conspiracy then you simply have to figure out how frequently you buy a ticket and whether you'd be better off doing something else with those funds.
For me I figure at my current rate I might buy 1,000 tickets in my lifetime. A thousand dollars is a lot but not when you stretch it over a 30-60 year period. Then you have to factor in that yes, like the commercials say, I usually do have at least a small amount of fun when I play the lottery if only because I enjoy thinking of how I'd spend that cash and how much it could make my life and the lives of those around me if not better but a lot easier.
darbypitcher22
Posts: 8,000
Dec 29, 2010 4:22pm
wow I should go out an buy some tickets
FatHobbit
Posts: 8,651
Dec 29, 2010 4:23pm
Bigred1995;617166 wrote:You can do that for free, but you also have 0% at winning. When you at least play $1, the chances are still very low, but they're considerably better than 0%!
We disagree on the definition of considerably better.
I
I Wear Pants
Posts: 16,223
Dec 29, 2010 4:31pm
queencitybuckeye;617169 wrote:I'll agree to a point, throwing a buck at it here and there is OK. Where jmog's point becomes extremely valid is for those people who play $20 or more each week, and live hand to mouth. $20 per week at historical rates of return in the marketplace yields (conservatively) a nest egg of a quarter million dollars over a working lifetime. Many of the same people will be more than willing to tell you that "the working man can't get ahead". They really should STFU.
Oh absolutely. I mean $20 a week is $1040 a year or 2.6% of someone's income if they make $40,000 a year. That's a significant percentage.
E
El Jefe Grande
Posts: 425
Dec 29, 2010 10:51pm
I'm driving to California or Arizona to buy a ticket.
Trueblue23
Posts: 7,463
Dec 29, 2010 10:56pm
I threw in $5 today. Low risk/high reward.
Tobias Fünke
Posts: 2,387
Dec 29, 2010 11:43pm
If---errr, when I win, I'll donate $12 to this place.
justincredible
Posts: 32,056
Dec 29, 2010 11:47pm
Tobias Fünke;617679 wrote:If---errr, when I win, I'll donate $12,000,000 to this place.
Fixed.
I
I Wear Pants
Posts: 16,223
Dec 29, 2010 11:49pm
If I win this place is going ad free for a while.
justincredible
Posts: 32,056
Dec 29, 2010 11:59pm
I Wear Pants;617687 wrote:If I win this place is going ad free for a while.
Perhaps. Or perhaps I double the ads and count my money from within my castle.
I
I Wear Pants
Posts: 16,223
Dec 30, 2010 12:01am
Do it pussy.
But I was simply implying that if I won 200 some million dollars I'd be willing to pick up the bandwidth tab for the site.
But I was simply implying that if I won 200 some million dollars I'd be willing to pick up the bandwidth tab for the site.
justincredible
Posts: 32,056
Dec 30, 2010 12:03am
I Wear Pants;617710 wrote:Do it pussy.
But I was simply implying that if I won 200 some million dollars I'd be willing to pick up the bandwidth tab for the site.
Haha, I know what you were implying. I was implying that I would take your "donation", keep the ads anyway and laugh all the way to the bank.
I
I Wear Pants
Posts: 16,223
Dec 30, 2010 12:09am
I'll double my donation if you promise to do that is what I'm saying. But you have to start charging $12 after that.
justincredible
Posts: 32,056
Dec 30, 2010 12:21am
Done. I'll start charging $12 now.
Tobias Fünke
Posts: 2,387
Dec 30, 2010 1:36am
justincredible;617734 wrote:I'll start charging $12 now.
Well, I'm out.
Hey everyone! Go to my new site, freeohiochatter.com!
justincredible
Posts: 32,056
Dec 30, 2010 1:55am
Tobias Fünke;617792 wrote:Well, I'm out.
Hey everyone! Go to my new site, freeohiochatter.com!
Tobias Fünke
Posts: 2,387
Dec 30, 2010 2:04am
Good thing I just won $237,000,000 and can pay the necessary lawyers.
Classyposter58
Posts: 6,321
Dec 30, 2010 2:12am
I'd take the money and make a new high school sports association that puts all private schools in the Top 2 divisions in each sport and allows recruiting. Lol no more arguments on here about how Open Enrollment schools steal athletes like Private schools...now they all can!
G
gut
Posts: 15,058
Dec 30, 2010 5:40am
I'd start a website that matches horny teachers with willing students....
Red Saul
Posts: 157
Dec 30, 2010 6:30am
I will probably end up playing 5 dollars worth.
FatHobbit
Posts: 8,651
Dec 30, 2010 9:06am
Red Saul;617852 wrote:I will probably end up playing 5 dollars worth.
that's really all the argument I need that playing the lotto is dumb.
Thunder70
Posts: 748
Dec 30, 2010 10:12am
I usually play a $1 + the kicker when it gets over $100mil. If I win, great...if not, oh well...
Thread Bomber
Posts: 1,851
Dec 30, 2010 10:24am
Wait for it.....
Wait for it.....
