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Powerball at least 800 million,are you playing and how many tickets will you buy?
01-08-2016, 03:38 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 9,940
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Powerball at least 800 million,are you playing and how many tickets will you buy?
I bought one ticket at the grocery store, but I might have to throw caution to the wind and buy a second one tomorrow.
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01-08-2016, 03:41 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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I got 50. Will probably get another 10 tomorrow. The 50 was a 5 way split at w$rk.
"That one time when it’s mathematically advantageous to play Powerball"
http://finance.yahoo.com/news/one-ti...151318079.html
so according to these guys you should go all in
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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01-08-2016, 03:43 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Bernalillo, NM
Posts: 2,717
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I just bought two on a lark because there was no line at the Safeway service counter.
__________________
"We live the lives we lead because of the thoughts we think" ...Michael O’Neill
"We can cannot compel others to do our will" ....Norman Goldman
"There never is shortage of the gullible to accept the illogical"...Anonymous
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01-08-2016, 03:44 PM
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#4
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Full time employment: Posting here.
Join Date: Oct 2006
Posts: 780
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We bought one for DW and one for me. She is holding both tickets so I hope she doesn't stiff me when we win it all.
__________________
***********
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
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01-08-2016, 03:50 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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When the lottery gets over ~$300M, I generally buy 5 tickets. At $300M, you could buy every ticket and make money (assuming no splits or taxes...).
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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01-08-2016, 03:50 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Posts: 2,509
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Quote:
Originally Posted by Big_Hitter
I got 50. Will probably get another 10 tomorrow. The 50 was a 5 way split at work.
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keep the language clean
edit: DW bought 2
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01-08-2016, 04:09 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by bingybear
keep the language clean
edit: DW bought 2
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sorry about that - I edited my post
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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01-08-2016, 04:30 PM
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#8
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Recycles dryer sheets
Join Date: Dec 2013
Posts: 174
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DW just purchased 3
One for her, one for the cat, and one for me, in food chain order
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01-08-2016, 04:53 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 9,940
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I realized I forgot the most important question for the ER folks. lump sum or annuity.......duck and cover
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01-08-2016, 04:55 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,871
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Nope don't believe in throwing money away even on a pipe dream.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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01-08-2016, 04:59 PM
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#11
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 748
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Quote:
Originally Posted by Senator
When the lottery gets over ~$300M, I generally buy 5 tickets. At $300M, you could buy every ticket and make money (assuming no splits or taxes...).
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Not really, at $2 ticket and over 292 million number combinations you would need over 584 million jackpot if it were paid in cash, since it is an annuity its paid out over 30 years - to get a cash pot that big (assuming no taxes or splits) you would need more than 1 Billion jackpot to make buying every ticket feasible....even collecting all the sub prizes, IIRC the last non winning jackpot 'only' paid out $65M in lower prizes. Crazy amount of money being thrown about here.
Having said that, I am planning on getting a 10 liner
__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
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01-08-2016, 05:02 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,677
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I bought one ticket. For $2, DH and I get to do mental math and dream.
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01-08-2016, 05:05 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,188
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I contemplated buying $2 worth, but then was like.. why am I giving my $2 to a multimillionaire? They can get their own $2
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01-08-2016, 05:15 PM
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#14
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 274
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I figure, the first ticket is worth the most, because it increases your odds of winning from 0 (a certainty) to a very small number. The next ticket is worth much less, because the difference between the first small number and the second small one is the difference between very two long shots.
We usually buy one...
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01-08-2016, 05:16 PM
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#15
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 748
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I forgot to add that winning the lottery is a major (and final) step in my FIRE plans
So fingers crossed that I am able to FIRE on Sunday, heck, I'll even wait till Monday.
__________________
I don't want to spend my entire life at work. I deserve more. - Want2retire aka W2R
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01-08-2016, 05:25 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2014
Location: Red Rock Country
Posts: 1,912
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I'll pick up a couple of tix. I wonder if you won, would it be feasible to move to another state with no income tax before claiming the prize?
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01-08-2016, 05:41 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2010
Location: Cavalier
Posts: 2,317
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Bought one ticket. I have a better chance of being attacked by a great white shark in ND.
__________________
"Don't take life so serious, son. It ain't nohow permanent." Pogo Possum (Walt Kelly)
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01-08-2016, 05:51 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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I bought 20 tickets. I know the odds are tiny, but someone eventually will win, so why not me?
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01-08-2016, 05:55 PM
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#19
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Full time employment: Posting here.
Join Date: Nov 2010
Posts: 628
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I bought 2, DW and me. DW is in a pool at ...somewhere. She's in for a bunch of chances.
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01-08-2016, 06:09 PM
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#20
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Recycles dryer sheets
Join Date: Feb 2012
Location: Rochester
Posts: 67
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None for me!
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