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At what point does an OT baller buy all possible lotto combination?
Posted on 1/6/16 at 2:03 pm
Posted on 1/6/16 at 2:03 pm
In other words, at what point would some filthy rich billionaire hire people to buy and fill out every possible lotto combination? I'm not sure the current jackpot is enough, but what would be enough?
LINK
quote:
There are 175.2 million combinations so, at $2 a play, you'll need to get to an ATM or your mattress and withdraw a little over $350 million to cover all possible draws. But even if you have that kind of money stashed away, there's a problem.
LINK
12
Posted on 1/6/16 at 2:03 pm to 13SaintTiger
Possibly the dumbest one ever
Posted on 1/6/16 at 2:04 pm to 13SaintTiger
quote:And then hope no one else has the winning numbers which means you have to split the jackpot with them....
In other words, at what point would some filthy rich billionaire hire people to buy and fill out every possible lotto combination? I'm not sure the current jackpot is enough, but what would be enough?
quote:
There are 175.2 million combinations so, at $2 a play, you'll need to get to an ATM or your mattress and withdraw a little over $350 million to cover all possible draws.
Posted on 1/6/16 at 2:04 pm to LSURussian
quote:I hope someone does it.
And then hope no one else has the winning numbers which means you have to split the jackpot with them....
Posted on 1/6/16 at 2:05 pm to 13SaintTiger
Shortly before the point where he ceases to be an OT baller.
Posted on 1/6/16 at 2:05 pm to LSURussian
quote:
And then hope no one else has the winning numbers which means you have to split the jackpot with them....
Yea, so what is the magic number? Or is no number profitable?
Posted on 1/6/16 at 2:05 pm to LSURussian
Could you use the 350 million in losing tickets cost to offset the gambling winnings to not have to pay taxes on most of the prize?
Posted on 1/6/16 at 2:05 pm to 13SaintTiger
split pot
Posted on 1/6/16 at 2:06 pm to 13SaintTiger
I always wonder how many previous lottery winners still play the large jackpots
Posted on 1/6/16 at 2:06 pm to 13SaintTiger
quote:
There are 175.2 million combinations so, at $2 a play, yo
Those odds have changed recently.
1 in 292 million. Absurd.
Posted on 1/6/16 at 2:06 pm to LSURussian
So, you pay $350M to win around $180-$200M? Seems about right.
Posted on 1/6/16 at 2:10 pm to 13SaintTiger
Interesting read. Would be funny if someone tried to do that only to have to split the pot with 8 other people. You'd actually lose money.Posted on 1/6/16 at 2:14 pm to idlewatcher
quote:
split the pot with 8 other people.
The most ever split was 4 winning tickets and that happened only once,only a 1 ticket winner is the most common.
ETA: For a $300 million or more jackpot
This post was edited on 1/6/16 at 2:16 pm
Posted on 1/6/16 at 2:15 pm to 13SaintTiger
quote:
There are 175.2 million combinations so, at $2 a play, you'll need to get to an ATM or your mattress and withdraw a little over $350 million to cover all possible draws.
..and when 4 people have the correct numbers, that $500 mil becomes $125 mil before taxes, and you just lost your arse off.
This post was edited on 1/6/16 at 2:16 pm
Posted on 1/6/16 at 2:16 pm to 13SaintTiger
In fairness, you could probably save a few bucks by ruling out certain combos.
I don't care what your stats professor said, 1-2-3-4-5 Powerball 6 will never be a winning combo.
I don't care what your stats professor said, 1-2-3-4-5 Powerball 6 will never be a winning combo.
Posted on 1/6/16 at 2:16 pm to 13SaintTiger
Chances are you'd split the 400m and taxes would rape you. Not worth it.
Posted on 1/6/16 at 2:18 pm to TheAlmightySmash
quote:
Chances are you'd split the 400m and taxes would rape you. Not worth it.
Clearly you did not read the thread title.
Posted on 1/6/16 at 2:18 pm to 13SaintTiger
quote:
The most ever split was 4 winning tickets and that happened only once
This would be my luck. Accidentally win the powerball and have to share it with 4 people.
Posted on 1/6/16 at 2:22 pm to Walking the Earth
quote:
I don't care what your stats professor said, 1-2-3-4-5 Powerball 6 will never be a winning combo.
You could say that for any combo
Posted on 1/6/16 at 2:25 pm to 13SaintTiger
The problem is when the jackpot goes up, more people buy tickets. I would guess if it was several billion dollars than it might be worth it to buy all combos. And the odds of it getting that high are extremely low
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