I think the lost productivity the last few weeks from all the news organizations profiling "how to spend your winnings" and similar stories - rivals that of March Madness. It reminds me of some newbs that arrive here having made 4% in a day and extrapolating that forward every day til they reach squillionairedom. It's good to have dreams I guess.
Winning the lotto, odds of like 1 in 300 Million, right? That's past gambling...I don't even know the word for it.
Depends on what the current jackpot is relative to the breakeven jackpot is. I never calc'd the bejp for powerball. I used to have a formula that told me exactly how many MegaMillions tickets to buy based on whatever the current jackpot was but that was several years and an old computer ago.
i didn't buy a ticket. lol . i changed my mind last minute. -- i'm a rather rational logical person. but my imaginery numbers in my head for tonights 1.5 billion jackpot are: 2,11,32,45,47,50 (there'll be a smile on my face...when i realized i saved/gained $2 from not buying a ticket)
Those numbers don't even match the possible #'s lol. I think the powerball number only goes up to 35. So currently your odds are 0 lol
lol...ok, so my new random numbers are....1,3,5,22,29,30 (i just want to place a record of my numbers somewhere online before tonight's drawing. )
I don't think traders and business/finance people play the lotto -- lotto players are more for...normal people who don't really grasps the concept of odds and realism. (all of the lotto winners in history have been normal people... to put it nicely.)
i think the break even was $2 x 292 million to 1 - or around [let's say ] $585,000,000 it was a [definitely] a positive expectation at $1.5 + billion' marc
BS Just more COPING (COPING MECHANISM) that "smart" people don't play the lottery. Thing is most "smart" people who win don't want publicity so only the "normal" people ever reveal themselves The Chino Hills winner is a 27 year old millionaire hedge fund manager of Siegel International & has told the lottery that he had no specific plans for the money, which he will choose to receive in instalments over the next 30 years. (Chino Hills is a rich suburb, boyo) He also says "F U and your $15,000 piker account" LOL