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Powerball at least 800 million,are you playing and how many tickets will you buy?
Old 01-08-2016, 04:38 PM   #1
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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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Old 01-08-2016, 04:41 PM   #2
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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
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Old 01-08-2016, 04:43 PM   #3
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I just bought two on a lark because there was no line at the Safeway service counter.
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Old 01-08-2016, 04:44 PM   #4
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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.
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Old 01-08-2016, 04:50 PM   #5
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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...).
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Old 01-08-2016, 04:50 PM   #6
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Quote:
Originally Posted by Big_Hitter View Post
I got 50. Will probably get another 10 tomorrow. The 50 was a 5 way split at work.
keep the language clean

edit: DW bought 2
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Old 01-08-2016, 05:09 PM   #7
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Originally Posted by bingybear View Post
keep the language clean

edit: DW bought 2
sorry about that - I edited my post
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Old 01-08-2016, 05:30 PM   #8
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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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Old 01-08-2016, 05:53 PM   #9
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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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Old 01-08-2016, 05:55 PM   #10
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Nope don't believe in throwing money away even on a pipe dream.
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Old 01-08-2016, 05:59 PM   #11
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Quote:
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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...).
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
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Old 01-08-2016, 06:02 PM   #12
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I bought one ticket. For $2, DH and I get to do mental math and dream.
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Old 01-08-2016, 06:05 PM   #13
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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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Old 01-08-2016, 06:15 PM   #14
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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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Old 01-08-2016, 06:16 PM   #15
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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.
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Old 01-08-2016, 06:25 PM   #16
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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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Old 01-08-2016, 06:41 PM   #17
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Bought one ticket. I have a better chance of being attacked by a great white shark in ND.
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Old 01-08-2016, 06:51 PM   #18
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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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Old 01-08-2016, 06:55 PM   #19
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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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Old 01-08-2016, 07:09 PM   #20
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None for me!
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