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Who buys 24 lottery tickets with the exact same numbers?
Posted on 9/29/23 at 3:06 pm
Posted on 9/29/23 at 3:06 pm
Dennis Fears does and he won the lottery 24 times, guess his OCD finally paid off.
quote:
On Aug. 25, Dennis Fears purchased 24 "Pick 4" tickets at the 7-Eleven on Portsmouth Boulevard in Chesapeake, VA, using the combination of 8-8-8-8.
Each ticket costs one dollar, and each can win a top prize of $5,000. The winning numbers for the Aug. 25 drawing were 8-8-8-8.
Fears who purchased 24 tickets using the numbers 8-8-8-8 won the top prize of $5,000 twenty-four times.
Posted on 9/29/23 at 3:09 pm to TigerintheNO
It’s actually a smart play
Your odds don’t materially change whether you have 1 ticket or 10,000
However if you hit it you can get the larger share of the pot instead of potentially splitting with other winners
Get 5/6 or 5/7 of the jackpot instead of 1/2 or 1/3
Your odds don’t materially change whether you have 1 ticket or 10,000
However if you hit it you can get the larger share of the pot instead of potentially splitting with other winners
Get 5/6 or 5/7 of the jackpot instead of 1/2 or 1/3
Posted on 9/29/23 at 3:15 pm to TigerintheNO
So $120,000 which is going to be $60k after taxes. I bet he's spent more than that over the years playing the lottery.
Not to mention the opportunity cost of putting away 25 bucks a week every week for 20 years in blue chips with dividend reinvestment in a tax sheltered Roth, it would likely be much more than $60k.
In other words, congrats on winning, but you still lost.
Not to mention the opportunity cost of putting away 25 bucks a week every week for 20 years in blue chips with dividend reinvestment in a tax sheltered Roth, it would likely be much more than $60k.
In other words, congrats on winning, but you still lost.
This post was edited on 9/29/23 at 3:19 pm
Posted on 9/29/23 at 3:22 pm to TigerintheNO
quote:
using the combination of 8-8-8-8.
Posted on 9/29/23 at 3:23 pm to deeprig9
Yea, but now he has $60k to spend on next week's lottery so he can win "the big one"
Posted on 9/29/23 at 3:27 pm to TigerintheNO
People who are smart enough to figure out how not to have to share their jackpot.
Posted on 9/29/23 at 3:27 pm to TigerintheNO
What are the odds of the same number 4 times?
And then buying 24 tickets of that number?
Something is fishy
And then buying 24 tickets of that number?
Something is fishy
Posted on 9/29/23 at 3:33 pm to TigerintheNO
Powerball is currently at $960m
Posted on 9/29/23 at 3:50 pm to Winston Cup
quote:
However if you hit it you can get the larger share of the pot instead of potentially splitting with other winners
This was scratch offs, not a lotto where there is a prize pool split among winners.
quote:
Each ticket costs one dollar, and each can win a top prize of $5,000. The winning numbers for the Aug. 25 drawing were 8-8-8-8.
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