[General] Lotto Run?

Devin Boyer boyerd at gmail.com
Thu Mar 29 22:31:26 CDT 2012


FYI I will buy a Mega Million lottery ticket when they are literally
offering 10^6 million dollars.

On Thu, Mar 29, 2012 at 10:29 PM, Devin Boyer <boyerd at gmail.com> wrote:

> Statistically speaking, "far better" may be a bit of a stretch.
>
> On Thu, Mar 29, 2012 at 8:47 AM, Nathan W. <greenfday6 at gmail.com> wrote:
>
>> Wayne,
>>
>> While I'm sure you know the odds of wining, I would like to wish you luck
>> in your chances of winning.  Because even though your chances are way past
>> slim to none, you have a far better chance than any of the other people who
>> have replied to this thread so far.
>>
>> Thanks
>> Nathan
>>
>>
>> On Thu, Mar 29, 2012 at 7:51 AM, Matthew H <hendrix04 at gmail.com> wrote:
>>
>>> Can you call it a tax when it isn't mandatory? Don't think so... I
>>> really hate the "The lotto is a tax on the poor" bullshit.
>>>
>>> On Thu, Mar 29, 2012 at 7:55 AM, Jake McArthur <jake.mcarthur at gmail.com>
>>> wrote:
>>> > State lotteries have negative expectancy. Always. If they didn't, there
>>> > would be no reason for the states to have lotteries. They aren't
>>> charities.
>>> > They are taxes on people who can't do the math or who don't read the
>>> rules.
>>> >
>>> > On Mar 29, 2012 6:19 AM, "David" <ainut at knology.net> wrote:
>>> >>
>>> >> BUT, if other people also had the winning numbers, they all split it,
>>> >> AIUI.
>>> >>
>>> >>
>>> >>
>>> >> Devin Boyer wrote:
>>> >>
>>> >> "A jackpot-winning ticket must match all five numbers drawn from a pot
>>> >> containing 56 balls and then match the Mega Ball, which is drawn from
>>> a pot
>>> >> containing 46 numbers. Odds of winning are almost 176 million to 1.
>>> Each
>>> >> ticket costs $1."
>>> >>
>>> >> If I'm reading this right (too lazy to crunch the numbers) for $176
>>> >> million, you can buy one of every ticket.  Because "Friday's $476
>>> million
>>> >> prize is payable as an annuity over 26 years," it seems like it would
>>> make
>>> >> for a decent return-on-investment.
>>> >>
>>> >> If only I had the $176 million...
>>> >>
>>> >> On Wed, Mar 28, 2012 at 8:22 AM, Wayne Neumaier <wneumaier at gmail.com>
>>> >> wrote:
>>> >>>
>>> >>> Any plans for a ticket run up to Tennessee?
>>> >>>
>>> >>>
>>> >>>
>>> http://news.blogs.cnn.com/2012/03/28/mega-millions-jackpot-hits-record-476-million/?hpt=hp_t3
>>> >>>
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>>> >>
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