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Do you play the lottery?

the guys in my rehabilitation group play it everyday faithfully.
 
PICK3 said:
Hey ... I resemble that remark.

A few years ago I missed $20 mil by one number. :worried:
Click to expand...

so you must of got at least 100k for having 5 numbers
 
PICK3 said:
Hey ... I resemble that remark.

A few years ago I missed $20 mil by one number. :worried:
Click to expand...

So, if I can read between the lines correctly here, you're saying that you lost when playing a numbers game against insurmountable odds.

I'd offer some exclaimation of emotional support and surprise here, I'll instead offer something I hope to be actually meaningful to you:

The chances of winning a lottery jackpot are principally determined by several factors: the count of possible numbers, the count of winning numbers drawn, whether or not order is significant and whether drawn numbers are returned for the possibility of further drawing.

In a typical 6 from 49 lotto, 6 numbers are drawn from 49 and if the 6 numbers on a ticket match the numbers drawn, the ticket holder is a jackpot winner - this is true regardless of the order in which the numbers are drawn. The odds of being a jackpot winner are approximately 1 in 14 million (13,983,816 to be exact). The derivation of this result is a simple exercise in combinatorics.

To put these odds in context, suppose one buys one lottery ticket per week. 13,983,816 weeks is roughly 269,000 years; In the quarter-million years of play, one would only expect to win the jackpot once.

http://en.wikipedia.org/wiki/Lottery

Mathematical derivation: http://en.wikipedia.org/wiki/Lotto_Math

Hope that helps.



:cow:
 
samoth said:
So, if I can read between the lines correctly here, you're saying that you lost when playing a numbers game against insurmountable odds.

I'd offer some exclaimation of emotional support and surprise here, I'll instead offer something I hope to be actually meaningful to you:

The chances of winning a lottery jackpot are principally determined by several factors: the count of possible numbers, the count of winning numbers drawn, whether or not order is significant and whether drawn numbers are returned for the possibility of further drawing.

In a typical 6 from 49 lotto, 6 numbers are drawn from 49 and if the 6 numbers on a ticket match the numbers drawn, the ticket holder is a jackpot winner - this is true regardless of the order in which the numbers are drawn. The odds of being a jackpot winner are approximately 1 in 14 million (13,983,816 to be exact). The derivation of this result is a simple exercise in combinatorics.

To put these odds in context, suppose one buys one lottery ticket per week. 13,983,816 weeks is roughly 269,000 years; In the quarter-million years of play, one would only expect to win the jackpot once.

http://en.wikipedia.org/wiki/Lottery

Mathematical derivation: http://en.wikipedia.org/wiki/Lotto_Math

Hope that helps.



:cow:
Click to expand...

So you are saying he does have a chance of winning if he lives for a long time?
 
I bet on sports big time huge fan of all sports being from jersey--its' the giants,mets,devils, and i love Iverson so i go with them
 
PICK3 said:
nope ... just 5k

got 4 numbers and the powerball

you get 100k if you get 5 numbers without the powerball.
Click to expand...


sweet! 5k when your eating left over's form hotels and hospitols is true god send. i survived 2 years on those salty noodles with soup i think they where call reaman? that and lots upon lots water
 
I understand my chances of winning are slim, but you mean to tell me y'all don't piss away $10 on something equally as worthless?
 
Actually, if you saved that $5 a week and invest it wisely...you could retire a millionaire...
 
EnderJE said:
Actually, if you saved that $5 a week and invest it wisely...you could retire a millionaire...
Click to expand...

There exists a very interesting psychology behind the lottery and similarsuch that does not exist with investing.



:cow:
 
PICK3 said:
C'mon samoth.

You're actually justifying purchasing 20 pocket protectors last year?
Click to expand...

Being a poor college kid does necessitate watching one's money very carefully, however, I've never been the type to recklessly spend money without a carefully thought-out reason.



:cow:
 
samoth said:
Being a poor college kid does necessitate watching one's money very carefully, however, I've never been the type to recklessly spend money without a carefully thought-out reason.



:cow:
Click to expand...

yeah like on drugs, alcohol, women and fucken books, ugh.
 
Matching the five numbers in any order from the white bin gives us the following odds.

55!/(50!*5!) = (55*54*53*52*51)/120 = 3478761

Then match 1 number from the red bin out of a possible 42

42!/41! = 42

3478761*42 = 146107962:1 odds against you winning the Powerball
 
If my calculations are correct then the Powerball odds are another order of magnitude in favor of the house.
 
Ok, I'll admit it ... I just like gambling dammit.

If 2 cockroaches were running across the floor I'd try to put a bet on one of them. ;)
 
PICK3 said:
Ok, I'll admit it ... I just like gambling dammit.

If 2 cockroaches were running across the floor I'd try to put a bet on one of them. ;)
Click to expand...

If you're into gambling -- with a general interest and stuff -- then there's a really interesting book recently published by the MIT geniuses that are famous for the whole card-counting gambling trip that netted them hundreds of thousands of dollars before getting outed by the casinos for "fraud" and having to return the money.

I don't recall the name of the book, but I'm sure it's pretty easy to find under the search parameters of MIT and gambling.

I'd totally buy this book if I had money, lol.



:cow:
 
They probably make the majority of their money off of the poor people. Fucking crooks. I never play the lottery.
 
samoth said:
If you're into gambling -- with a general interest and stuff -- then there's a really interesting book recently published by the MIT geniuses that are famous for the whole card-counting gambling trip that netted them hundreds of thousands of dollars before getting outed by the casinos for "fraud" and having to return the money.

I don't recall the name of the book, but I'm sure it's pretty easy to find under the search parameters of MIT and gambling.

I'd totally buy this book if I had money, lol.



:cow:
Click to expand...

I know a guy who can count cards. He beats the shit of them on a regular basis.
 
We had a TV program showing the basics of the counting system and how they split the work over three people. Eventually they were caught in Monte Carlo and identified with face-recognition software. It also showed some of the early computing equipment used for card-counting which was worn on the thigh.
 
blut wump said:
We had a TV program showing the basics of the counting system and how they split the work over three people. Eventually they were caught in Monte Carlo and identified with face-recognition software. It also showed some of the early computing equipment used for card-counting which was worn on the thigh.
Click to expand...

The guy I know does himself and doesn't need equipment. He can carry on a conversation while counting cards. You'd never suspect it until he starts laying down big bets. He gets booted out regularly.
 
biteme said:
They probably make the majority of their money off of the poor people. Fucking crooks. I never play the lottery.
Click to expand...

you get rich marketing to the poor.

ALDI
Ford when it started
Walmart
McDonalds

all target lower middle class to poor people and have the richest leaderships in the world. the thing with the poor is, theres just so damn many of them it´s a huge market.
 
Just checked my numbers and I got some news for you wiseguys.

Nah ... lost again. But I'm sure next week my numbers will come in. :)
 
lottery sucks really. If you want to gamble do it in some way that "the house" doesnt play.

like poker with friends.
 
I bought 5 scratch off lottery tickets at $7 a pop once.

The odds of winning were 1 in 3.

I didn't win so much as even a free ticket in all those cards!

I vowed to never ever play the lottery from that point on.
 
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