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Posted on 8/23/17 at 11:10 am to shotcaller1
Here, let me give you your first downvote.
Posted on 8/23/17 at 11:12 am to msu202020
quote:
No one with that sorta cash is even playing the lottery.
False. Lottery winners are more likely to win another lottery due to how much money they "invest" in the next one. It's not a coincidence this there are multiple multi lottery winners.
There was a podcast that studied this very subject
Posted on 8/23/17 at 11:20 am to DeathValley85
quote:
2. I know when I buy 5 tickets I'm not really increasing my chances of winning at all.
Though the odds still suck, you do increase your chances of winning by purchasing more tickets, assuming that you don't buy 5 identical tickets.
Posted on 8/23/17 at 11:50 am to ctiger69
quote:
it is a tax for poor people and they prey on weak minded individuals
Weak minded individuals have the same voting power as the rest of us. Quit worrying about them.
Posted on 8/23/17 at 12:01 pm to BiggerBear
quote:That's my strategy. You have to zig when others zag. #moneyball
buy 5 identical tickets.
Posted on 8/23/17 at 12:15 pm to shotcaller1
quote:
Lottery winners are more likely to win another lottery due to how much money they "invest" in the next one. It's not a coincidence this there are multiple multi lottery winners.
There was a podcast that studied this very subject

Posted on 8/23/17 at 12:16 pm to ctiger69
quote:
And to make it worse it is a voluntary tax.
True or False.
True - most rich people arent interested in the lotto as they are already very well off financially
Posted on 8/23/17 at 12:19 pm to The Pirate King
quote:
I love you guys that show up every time the lotto gets big and post the exact same thing.
No one cares, and people waste $1 or $10 on much worse things (including booze)
It's entertainment
The funny thing is that at certain levels your expected value is actually positive. The "tax" is on all the people who have been paying in this whole time to get the jackpot to its current level.
Posted on 8/23/17 at 12:22 pm to Sneaky__Sally
The chances of winning the lottery, while astronomically low, are still greater than the chances of seeing my taxes put to good use.
Posted on 8/23/17 at 1:57 pm to BiggerBear
quote:
Though the odds still suck, you do increase your chances of winning by purchasing more tickets, assuming that you don't buy 5 identical tickets.
It's negligible though was my point.
Posted on 8/23/17 at 3:49 pm to ctiger69
Nah, when I'll post how much tax I paid on the winnings.
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