Rotinaj
Posts: 7,699
Jan 7, 2016 11:29am
HOLY SHIT.
like_that
Posts: 26,625
Jan 7, 2016 11:30am
Inb4 sleeper tells you how the lottery is a waste of money and for poor people.
SportsAndLady
Posts: 35,632
Jan 7, 2016 11:35am
I bought a ticket last night. Fuck it why not?
Rotinaj
Posts: 7,699
Jan 7, 2016 11:39am
I'll probably throw $10 at it. Likely wont ever have the chance at winning 675 million again.SportsAndLady;1773802 wrote:I bought a ticket last night. Fuck it why not?
GOONx19
Posts: 7,147
Jan 7, 2016 11:48am
I bought a ticket for the first time yesterday and the quick pick gave me all 5 numbers over 60. I understand that combo has as good a chance of winning as any, but still.
Mulva
Posts: 13,650
Jan 7, 2016 11:51am
Didn't they make the jackpot odds significantly worse a month or 2 ago? I hope it rolls over again and hits a billion.
C
cat_lover
Posts: 2,388
Jan 7, 2016 11:59am
I will take a chance on it probably 10 bucks worth.
ts1227
Posts: 12,319
Jan 7, 2016 12:25pm
In the company pool
B
BR1986FB
Posts: 24,104
Jan 7, 2016 12:34pm
LOL, he's right as you usually see some toothless hilljack winning it. With that being said, I'll probably waste $10.like_that;1773799 wrote:Inb4 sleeper tells you how the lottery is a waste of money and for poor people.
As far as office pools go, you pretty much have to throw some money in because you don't want to be the one left out when everyone comes in and quits.
Automatik
Posts: 14,632
Jan 7, 2016 12:35pm
418 mil lump sum after taxes.
Automatik
Posts: 14,632
Jan 7, 2016 12:37pm
I think that's wrong, other calculators are showing 280. Regardless, that's fuck you money.
Iliketurtles
Posts: 8,191
Jan 7, 2016 12:45pm
418 is the before taxes I believe. I'll probably put down $10 or $20 on it.
Fab4Runner
Posts: 6,196
Jan 7, 2016 12:50pm
I'll buy a ticket.
sleeper
Posts: 27,879
Jan 7, 2016 12:51pm
The expected value is close to the value of the ticket itself. It's a break even game at that amount or higher.
I have better uses for my money but I understand if poor/stupid people do not.
I have better uses for my money but I understand if poor/stupid people do not.
OSH
Posts: 4,145
Jan 7, 2016 12:51pm
I'll buy. I have no issues in spending $10 on big money tickets like this a couple times a year.
sleeper
Posts: 27,879
Jan 7, 2016 12:52pm
I'm usually right. The reality is, when you derive conclusions based on logic and reason, the result ends up in your favor.BR1986FB;1773828 wrote:LOL, he's right as you usually see some toothless hilljack winning it. With that being said, I'll probably waste $10.
As far as office pools go, you pretty much have to throw some money in because you don't want to be the one left out when everyone comes in and quits.
sleeper
Posts: 27,879
Jan 7, 2016 12:53pm
Tell me more about your two masters degrees. $10 says neither were in statistics or reality.OSH;1773840 wrote:I'll buy. I have no issues in spending $10 on big money tickets like this a couple times a year.
ernest_t_bass
Posts: 24,984
Jan 7, 2016 12:53pm
100% chance of losing if you do not play. While the odds may be very slim that you will win, they will never be 0%.SportsAndLady;1773802 wrote:I bought a ticket last night. Fuck it why not?
sleeper
Posts: 27,879
Jan 7, 2016 12:57pm
Opportunity cost pretty much negates this entire logic.ernest_t_bass;1773844 wrote:100% chance of losing if you do not play. While the odds may be very slim that you will win, they will never be 100%.
Sure, buying 1 ticket increases your odds SIGNIFICANTLY from 0% to some minuscule number above 0% but over time you will come out vastly ahead by not playing.
Automatik
Posts: 14,632
Jan 7, 2016 12:58pm
$2 won't break me, so I'm good!
Heretic
Posts: 18,820
Jan 7, 2016 1:03pm
I was thinking about trying, but, man, now I'm scared that the loss of a couple dollars will magically make me less intelligent or, even worse, A POOR PERSON!!!!
sleeper
Posts: 27,879
Jan 7, 2016 1:03pm
$2 at 5% return(conservative), 40 years from now is worth ~$14. Now consider the cost it takes to get to the convenience store and the # of times you actually play the lottery and you can easily see why poor/stupid people play the lottery.Automatik;1773848 wrote:$2 won't break me, so I'm good!
Mulva
Posts: 13,650
Jan 7, 2016 1:04pm
Already up to $700m
sleeper
Posts: 27,879
Jan 7, 2016 1:05pm
Anyway, enough logic and reason for this thread. I've given it more than it deserves.
Enjoy wasting your money!
Enjoy wasting your money!
S
Sonofanump
Jan 7, 2016 1:07pm
All very true for playing the lottery on a regular basis if you are of lower income, but the odds of a person winning a lottery over $200 million are probably the same as a person creating the wealth of of nothing like Gates, the original Walton, or Zuckerberg. I'm on a minor league message board, I'll lay down a few dollars to take the lightning strike change of owning what ever I want.sleeper;1773847 wrote:Opportunity cost pretty much negates this entire logic.
Sure, buying 1 ticket increases your odds SIGNIFICANTLY from 0% to some minuscule number above 0% but over time you will come out vastly ahead by not playing.