Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened
BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened
They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.
its always the same odds. it don't change.
Nalod wrote:its always the same odds. it don't change.
Yup. The prize doesn't change the odds and neither do the number of people playing.
Still a waste of money though.
Although a few 1 million dollar prizes seem to be going out and that alone makes it sound intriguing to buy in.
Nalod wrote:its always the same odds. it don't change.
I tried to explain this to my mom today and she would not believe me.
I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.
Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.
I think there is some weird belief that if no one else is winning that means *YOU* are destined to win. Like the powerball is *WAITING* for *YOU* to buy the magic ticket to win. At least my family seems to think that way.
Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.
Maybe because most people (like me) dont play often and this is more of a minor event than anything. Something to talk about. Got us talking on a bball message board.
Nalod wrote:its always the same odds. it don't change.
Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.
For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.
GustavBahler wrote:Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.
Maybe because most people (like me) dont play often and this is more of a minor event than anything. Something to talk about. Got us talking on a bball message board.
I used to buy 1-2k tickets when NY did not have Powerball and the pot was up gave them to my little brother to sell down by my work 1-2bucks 3 for 5. He made good cash doing it.
BRIGGS wrote:Nalod wrote:its always the same odds. it don't change.
Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.
For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.
I think he was talking about individual odds. Like individually if you buy a power ball ticket you have a 1 in 260 million chance of winning, no matter how many people play.
crzymdups wrote:BRIGGS wrote:Nalod wrote:its always the same odds. it don't change.
Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.
For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.
I think he was talking about individual odds. Like individually if you buy a power ball ticket you have a 1 in 260 million chance of winning, no matter how many people play.
Oh yeah individually it stays the same. I think they said there was less than a 10% probability that there would NOT be a winner--those are low odds. That means --if they say lower than 10---that there was a 90-95% chance that someone SHOULD'VE won the lottery and did not. Put it this way no one would bet against someone not winning the lottery next week--it will increase flow to the point the probability will likely be 100% certainty.
The amount is too large. It will mess peoples lives.
Nalod wrote:The amount is too large. It will mess peoples lives.
When you really think of it... it's a crap ton of money that no winner really needs that could be used for so many important as hell things.
Nobody will listen to that though.
GustavBahler wrote:BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened
They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.
That is theft, pure and simple. Jail time is around the corner. But since Wachovia and HSBC can get away with Billions (not to mention thousands of lives) I imagine these guys don't get much jail time.
earthmansurfer wrote:GustavBahler wrote:BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened
They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.
That is theft, pure and simple. Jail time is around the corner. But since Wachovia and HSBC can get away with Billions (not to mention thousands of lives) I imagine these guys don't get much jail time.
One of the underlings got 10 years...probably will be out sooner though
Like flushing your dollars down the toilet and hoping some of them float back up to the top.
The lines to buy tickets now must be amazing. There goes the mortgage money, food money, gas money.
If this keeps going, it's going to get really ugly for some, I would imagine.
We have an annual budget of $40 to play. $10 5 tickets.
Plan is run it into a trust but if not available wife will change her name, then get a makeup artist change her look, mumble during the press conference, then change back name and run the money into a trust and create a foundation. Can't tell anyone, not even my adult kids. They are early 20's and will be told we had a nice windfall and will fund them to get thru law school and the other be a CPA. Then they have a purpose to which run the foundation and we gonna help a lot of people.
The purpose is not to let the money change you. Takes time to grow into it. Sudden money and fame does not make you smarter. Life needs a purpose.
Other than that its too scary to have the whole world focused on you with many seeing a person as a target for self gain.
