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01-09-2016, 02:35 PM
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#61
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,339
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Yeah, really. There we are, casually enjoying our daydreams of riches to come, and some killjoy has to post about facts!
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-09-2016, 02:43 PM
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#62
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,343
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 Quote:
Originally Posted by Walt34
Yeah, really. There we are, casually enjoying our daydreams of riches to come, and some killjoy has to post about facts!
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Ya, Walt! I can simply let the 292 million slide by and dismiss it, as 292 doesnt sound so bad....But the time description comparison...A total square punch to the jaw on waking me up from my fantasy!
Sent from my iPad using Tapatalk
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01-09-2016, 02:49 PM
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#64
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,892
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Zip, nada, none.
__________________
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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01-09-2016, 04:15 PM
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#65
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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I don't understand the madness of it all personally. I just hope the numbers are drawn tonight so the news will start talking about the next pointless thing.
Sent via mobile device. Please excuse any grammatical errors.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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01-09-2016, 04:21 PM
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#66
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,339
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Quote:
Originally Posted by FlyBoy5
I don't understand the madness of it all personally. I just hope the numbers are drawn tonight so the news will start talking about the next pointless thing.
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For DW (and okay, me too a little bit) it's buying a few days of daydreams for entertainment for $2. Haven't you ever spent $2 or more on something just because it's fun? We are not so delusional that we think there's a snowball's chance we'll actually win anything. It is just for the entertainment value.
But still, somebody's gonna win it....
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-09-2016, 04:22 PM
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#67
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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We also bought a few tickets . It's a cheap dream !
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01-09-2016, 04:23 PM
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#68
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Quote:
Originally Posted by erkevin
Here is a way of looking at it:
There is a span of nine years, I want you to guess the correct year. In that year, I want you to guess the correct month. In that month, I want you to guess the correct day. In that day, I want you to guess the correct hour, In that hour, i want you to guess the correct minute, In that minute, I want you to guess the correct second.
Your odds are mathematically better at guessing the correct second in a 9-year span, than the powerball numbers.
283 million to 1 vs 292 million to 1
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Here's a simpler comparison: You would need to pick a single correct day out of a period that spans 800,000 year (leap years not computed).
#destroyingdreamsonestatisticatatime
Sent via mobile device. Please excuse any grammatical errors.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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01-09-2016, 04:39 PM
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#69
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Recycles dryer sheets
Join Date: Jul 2013
Posts: 87
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The Lotto: A tax on the mathematically incompetent!
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01-09-2016, 04:39 PM
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#70
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Thinks s/he gets paid by the post
Join Date: Sep 2002
Posts: 1,178
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Back when I was working I would occasionally buy a ticket the first day after the last drawing. I figured for $1 I got great entertainment by thinking what I would do with the money for 3 days. Now that I am ER I bought one $2 ticket the day of the drawing. Throwing caution to the wind! But to be honest winning would complicate my life too much. I like things just fine.
JDARNELL
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01-09-2016, 04:49 PM
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#71
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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If the odds bug you, you could always buy more tickets.
For $10,000 the odds of winning would be one in 60,000.
Those are pretty good odds for a life changing event.
Our small town has close to that population.
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01-09-2016, 05:02 PM
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#72
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Quote:
Originally Posted by gcgang
To minimize the chances of getting a duplicate, I pick my own numbers, excluding #1-31.
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Good idea.
I won second prize in the NY Lotto once. Most second prizes are a couple thousand dollars, my winner was $610 - just enough to have to declare to my favorite uncle.
The reason it was so low was because I had played my birthday in the numbers. Turns out my birthday ( month and day) is the most common in the US.
__________________
No, not rich. I am a poor man with money, which is not the same thing"
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01-09-2016, 05:21 PM
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#73
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Recycles dryer sheets
Join Date: Dec 2013
Posts: 331
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I bought 3 tickets - first time ever playing Powerball. I wasn't planning to buy, but I had to cross state lines for something today so I thought I would if I stopped for gas and there wasn't a crazy-long line. Sure enough I had to stop, so now I have a few hours of daydreaming to do.
Sent from my iPhone using Early Retirement Forum
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01-09-2016, 05:28 PM
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#74
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Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
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I never quite understood the mass enthusiasm for JUST these big jackpots... If someone wins even a relatively 'small' lottery of $40M, their lives will be radically changed. The lottery masses don't seem to get interested at that amount, they only get excited when it's over a few hundred million. Then the ticket sales just shoot thru the roof. My feeling is if your jazzed at $800M, you should be similarly excited at $40M too.
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01-09-2016, 05:37 PM
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#75
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Location: Bloomington, MN
Posts: 1,156
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I bought one ticket and have a half interest in 4 more. 
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01-09-2016, 05:45 PM
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#76
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,338
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I bought 5. Fun to dream.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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01-09-2016, 05:52 PM
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#77
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Recycles dryer sheets
Join Date: Dec 2013
Posts: 331
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Quote:
Originally Posted by hesperus
I never quite understood the mass enthusiasm for JUST these big jackpots... If someone wins even a relatively 'small' lottery of $40M, their lives will be radically changed. The lottery masses don't seem to get interested at that amount, they only get excited when it's over a few hundred million. Then the ticket sales just shoot thru the roof. My feeling is if your jazzed at $800M, you should be similarly excited at $40M too.
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Oh, I'd be this excited about $40M too. But I'm not really that excited about $900M, so that isn't saying much. I don't really get excited when that odds are astronomically stacked against me.
Sent from my iPhone using Early Retirement Forum
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01-09-2016, 06:50 PM
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#78
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Quote:
Originally Posted by ivinsfan
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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Also bought one instead of Hersey's Nuggets or a small bag of Jelly Bellys my usual drug of choice.
I hear my odds are less than 300 million to 1.
heh heh heh - what a deal!  
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01-09-2016, 06:53 PM
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#79
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,872
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Family sent me to the store to buy some tickets 20 min ago. We have automated machines here and never having played powerball before, I had no idea what Power Play was for. I left my phone at home, so I couldn't even look it up. So I went ahead and bought 3 tickets for $3. On the plus side, if we only match the five white ball numbers, we get two million instead of one. I'd be pretty happy with that outcome.
__________________
Eat, Drink and Be Merry.
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01-09-2016, 07:03 PM
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#80
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I have not played the lottery in a long time, so just looked up the odds.
Chance of getting the jackpot: 1 in 292 million
Chance of getting 5 white balls (sans Powerball): 1 in 11.7 million
Change of getting 4 white balls + Powerball: 1 in 913,129.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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