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-   -   Powerball at least 800 million,are you playing and how many tickets will you buy? (http://www.early-retirement.org/forums/f28/powerball-at-least-800-million-are-you-playing-and-how-many-tickets-will-you-buy-80271.html)

ivinsfan 01-08-2016 03:38 PM

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.

Big_Hitter 01-08-2016 03:41 PM

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

timo2 01-08-2016 03:43 PM

I just bought two on a lark because there was no line at the Safeway service counter.

Tom52 01-08-2016 03:44 PM

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.

Senator 01-08-2016 03:50 PM

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...).

bingybear 01-08-2016 03:50 PM

Quote:

Originally Posted by Big_Hitter (Post 1679776)
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

Big_Hitter 01-08-2016 04:09 PM

Quote:

Originally Posted by bingybear (Post 1679788)
keep the language clean

edit: DW bought 2

sorry about that - I edited my post :(

btdt22 01-08-2016 04:30 PM

DW just purchased 3

One for her, one for the cat, and one for me, in food chain order:dance:

ivinsfan 01-08-2016 04:53 PM

I realized I forgot the most important question for the ER folks. lump sum or annuity.......duck and cover

frayne 01-08-2016 04:55 PM

Nope don't believe in throwing money away even on a pipe dream.

Ronnieboy 01-08-2016 04:59 PM

Quote:

Originally Posted by Senator (Post 1679787)
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 ;D

Philliefan33 01-08-2016 05:02 PM

I bought one ticket. For $2, DH and I get to do mental math and dream.

karen1972 01-08-2016 05:05 PM

I contemplated buying $2 worth, but then was like.. why am I giving my $2 to a multimillionaire? They can get their own $2 :)

ggbutcher 01-08-2016 05:15 PM

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...

Ronnieboy 01-08-2016 05:16 PM

I forgot to add that winning the lottery is a major (and final) step in my FIRE plans :laugh:

So fingers crossed that I am able to FIRE on Sunday, heck, I'll even wait till Monday.

Ian S 01-08-2016 05:25 PM

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?

Nodak 01-08-2016 05:41 PM

Bought one ticket. I have a better chance of being attacked by a great white shark in ND.

Dash man 01-08-2016 05:51 PM

I bought 20 tickets. I know the odds are tiny, but someone eventually will win, so why not me?


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devans0 01-08-2016 05:55 PM

I bought 2, DW and me. DW is in a pool at ...somewhere. She's in for a bunch of chances.

freetodream 01-08-2016 06:09 PM

None for me!


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