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(CBS News)   You now stand a greater chance of not winning $550 million in Saturday's Powerball drawing   (cbsnews.com) divider line 22
    More: Interesting, Powerball, Powerball jackpot, mess, cash value, insurance agents, Mega Millions  
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11805 clicks; posted to Main » on 16 May 2013 at 11:11 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-16 07:08:20 PM  
3 votes:
If you're saying there's a greater chance that there won't be a single winner, thus not winning $550M, then you're right.

If you're saying that there's less of a chance of winning at all, you're wrong.


/Yes, yes, your chances are the same as you don't pay the stupid tax blah blah blah...
2013-05-16 11:59:09 PM  
2 votes:
The odds of you choosing the correct combination of numbered balls do not decrease when more tickets are sold.
2013-05-16 11:33:28 PM  
2 votes:

lenfromak: 2xhelix: wxboy: If through some shocking twist nobody hits it on Saturday, it will almost certainly go over $1b for Wednesday. Heck, it could easily make it to $750m before Saturday.

If I won that much, I'd make a public announcement that I'd donate half of it to the state, if the governor, both senators and every house rep agreed to resign and stay away from politics for 10 years.

The state will take half regardless.


Where is it, Ontario where provincial Lotto winnings are tax-free?  That's a pretty decent model as far as I'm concerned.  Since the state is already keeping a known percentage of the betting pool ("for education/kids/senior/lame iguanas"), why do they also get to grab some of MY part if I win?  Far as I can tell, they already got their cut up front from everybody.
2013-05-16 11:31:39 PM  
2 votes:
I'm going to buy 2.  And if I win, I'm going to buy a crap load of stock in my former company and get the asshats that fired me 2 weeks ago fired.  I wanna see their lives in as much turmoil as mine.

No...I did nothing wrong to get fired either.
2013-05-16 11:23:12 PM  
2 votes:

2xhelix: wxboy: If through some shocking twist nobody hits it on Saturday, it will almost certainly go over $1b for Wednesday. Heck, it could easily make it to $750m before Saturday.

If I won that much, I'd make a public announcement that I'd donate half of it to the state, if the governor, both senators and every house rep agreed to resign and stay away from politics for 10 years.


The state will take half regardless.
2013-05-16 11:20:51 PM  
2 votes:
Given the odds against winning, it's stupid to go out and dump all your money into a shiatload of tickets.  If you are going to play, buy a single ticket.  Don't try to increase your chances with more tickets because it doesn't make a significant difference.  You're shooting for the statistical outlier, aka, a farking miracle.

I want to win just so I can answer that question the reporter always asks.  "What are you going to do with the money?"  The answer, "buy my very own senator."

"And lots of hookers and blow."

/bought one ticket
//I don't expect to win a damn thing
2013-05-16 10:19:50 PM  
2 votes:
Your chances never change, subby. Never. What changes is your chance of being the sole winner.

This headline proves why the lottery is a tax on people who are bad at math.
2013-05-16 08:41:10 PM  
2 votes:

wxboy: If through some shocking twist nobody hits it on Saturday, it will almost certainly go over $1b for Wednesday. Heck, it could easily make it to $750m before Saturday.


If I won that much, I'd make a public announcement that I'd donate half of it to the state, if the governor, both senators and every house rep agreed to resign and stay away from politics for 10 years.
2013-05-16 06:44:01 PM  
2 votes:
im' waiting for it to hit $1 billion
2013-05-17 08:41:38 AM  
1 votes:
Dropping $5 in the office pool is just an insurance payment that says if the tickets they buy hit, I'm not stuck here with all the work when they all quit.
2013-05-17 07:14:17 AM  
1 votes:

YouSirAreAMaroon: Adolf Oliver Nipples: 2xhelix: Adolf Oliver Nipples: Your chances never change, subby. Never. What changes is your chance of being the sole winner.

Which is exactly what the headline states.  Reading comprehension:.it only works if you know how to use it.

No, you now stand exactly the same chance of not winning as you did before, which is NOT what the headline states. You're bad at reading AND math, I dread to see how bad your writing is.

Assuming the jackpot ends up being $550mm the odds of winning it are lower than winning the last jackpot prize unless you didn't play either time.


No, they are the same no matter how many people play.
GBB
2013-05-17 06:50:33 AM  
1 votes:

Honest Bender: Another farker posted this in a recent lottery thread.  I'd give credit, but I couldn't find the post:

http://www.ar15.com/archive/topic.html?b=1&f=5&t=749519

Interesting read.


That post is FOS.  He says to take the lump because the annuity only pays something like 4.5%.  Then goes on to talk about investing a small portion in US Treasury or Swiss Treasury for 3 - 3.5%.  He goes on to talk about all the safeguards you need to set up to limit your spending, all the while still denouncing the annuity?  If he really was a lawyer in '08, he was a horrible one.
2013-05-16 11:38:06 PM  
1 votes:

To The Escape Zeppelin!: Actually your odds of winning don't change no matter how many people play. Your odds of having to split the prize do increase however.


Which is why you should play Mega-Millions this week and not Powerball. $190 Million less chance of splitting the Jackpot.

/Pass the billboard with the amounts everyday. I will waste $5.00 tomorrow 2 Powerball and 1 Mega-Millions.
2013-05-16 11:33:31 PM  
1 votes:
My real plan if I win:

Buy a rock-star travel bus and have it completely decked out.  Then I'll travel the country looking for good bbq joints and keep a blog of my travels.
2013-05-16 11:31:43 PM  
1 votes:

2xhelix: Adolf Oliver Nipples: Your chances never change, subby. Never. What changes is your chance of being the sole winner.

Which is exactly what the headline states.  Reading comprehension:.it only works if you know how to use it.


No, you now stand exactly the same chance of not winning as you did before, which is NOT what the headline states. You're bad at reading AND math, I dread to see how bad your writing is.
2013-05-16 11:30:11 PM  
1 votes:
I just bought ~175,000,000 tickets. I boxed the board on the lottery.

So, if I am the sole winner, I make tons of profit. And if I have 3-way split, I lose money.

Ahhhh, it's almost like the old days of arbitrage.
2013-05-16 09:34:04 PM  
1 votes:
I'm gonna buy Fark when I win and make some changes around here.
2013-05-16 09:18:09 PM  
1 votes:

2xhelix: naughtyrev: Just make sure you get it in legally binding docs, and payable in installments over the 10 years.

I'd make sure my lawyers make them sign in goat blood.  I'd also earmark some of money for projects that they're vehemently against.


Be careful when people start writing or signing contracts in goal fluids.  Trust me on this: goat semen just disappears when it dries.
2013-05-16 08:59:53 PM  
1 votes:

naughtyrev: Just make sure you get it in legally binding docs, and payable in installments over the 10 years.


I'd make sure my lawyers make them sign in goat blood.  I'd also earmark some of money for projects that they're vehemently against.
2013-05-16 08:50:43 PM  
1 votes:

2xhelix: wxboy: If through some shocking twist nobody hits it on Saturday, it will almost certainly go over $1b for Wednesday. Heck, it could easily make it to $750m before Saturday.

If I won that much, I'd make a public announcement that I'd donate half of it to the state, if the governor, both senators and every house rep agreed to resign and stay away from politics for 10 years.


Just make sure you get it in legally binding docs, and payable in installments over the 10 years.
2013-05-16 08:47:39 PM  
1 votes:
I bought one, but in my defense I never buy more than one. My thinking is if I am meant to win I only need one ticket.
2013-05-16 08:28:38 PM  
1 votes:

Jon iz teh kewl: im' waiting for it to hit $1 billion


If through some shocking twist nobody hits it on Saturday, it will almost certainly go over $1b for Wednesday.  Heck, it could easily make it to $750m before Saturday.
 
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