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re: Why are so many people buying lottery tickets?
Posted on 1/9/16 at 2:49 pm to LSUTANGERINE
Posted on 1/9/16 at 2:49 pm to LSUTANGERINE
For $20 bucks you can join in the conversations of "what would you do with 900m". It's entertainment that everyone in the country is involved in.
0
Posted on 1/9/16 at 2:50 pm to LSUTANGERINE
I want to win so I can be miserable.
Posted on 1/9/16 at 2:50 pm to LSUTANGERINE
I don't buy lottery tickets regularly because I know that it's just throwing my money away. I only buy when it's a huge jackpot because it's fun to be a part of it and fantasize for a little while what it would be like to be filthy fricking rich. Even then I only buy 1 ticket per drawing.
This post was edited on 1/9/16 at 2:52 pm
Posted on 1/9/16 at 2:51 pm to SlowFlowPro
quote:
if i'm going to throw my money away, i'm going big or going home
This
Posted on 1/9/16 at 2:52 pm to Makinbacon
quote:
Bc they are suckers looking for a fake dream.
Might as well start a unicorn farm
Those playing weekly are suckers. Those going to the gambling boats daily or weekly are suckers. Those of us playing once or twice a year are just fine. Whoever wins this type of money is unbelievably lucky...no doubt. I'll gladly take that unbelievably lucky title if I win it.
Posted on 1/9/16 at 3:00 pm to LSUTANGERINE
The thing is, the expected value is still negative. It isn't $800 million, it's the lump sum value (which is much lower) and that is before taxes are taken out. Plus there will probably be more than one winner you have to split it with.
Each person who wins *might* get a hundred mil out of it. Maybe. Divide that by the odds of winning and it isn't even close to being worth it.
Each person who wins *might* get a hundred mil out of it. Maybe. Divide that by the odds of winning and it isn't even close to being worth it.
Posted on 1/9/16 at 3:01 pm to MardiGrasCajun
Exactly. I don't think any reasonable people think they actually have any real chance winning. Even if I don't win I am still getting something for my money. It's the same thing as going to the casino or racetrack. I don't go often, but when I do go I budget out money that I expect to lose, and I mark that down as the cost of entertainment. If I happen to win great. If I don't whatever. I expected it.
Posted on 1/9/16 at 3:01 pm to LSUTANGERINE
quote:
Why are so many people buying lottery tickets?
Because they're hoping to win, numbnuts.
Posted on 1/9/16 at 3:03 pm to LSUTANGERINE
quote:
Why are so many people buying lottery tickets?
The same reason why we suddenly have 550 lottery threads with the above-it-alls and statistics prodigies trying to drop the knowledge bombs.
Crazy high jackpots gets crazy high amounts of publicity. Wild, isn't it?
Posted on 1/9/16 at 3:03 pm to foshizzle
quote:
Divide that by the odds of winning and it isn't even close to being worth it.
$2 isn't worth winning $100mil? My goodness.
Posted on 1/9/16 at 3:05 pm to 13SaintTiger
Obviously some people are too cool to spend $10 on lottery tickets a few times a year.
Posted on 1/9/16 at 3:07 pm to LSUTANGERINE
Because many people don't think about the lottery on a regular basis, so they don't participate. When the pot gets this big there are constant reminders.
Posted on 1/9/16 at 3:09 pm to Jake88
And co-workers and friends start getting together and putting in money to buy tickets. It's just all in good fun.
Posted on 1/9/16 at 3:16 pm to LSUTANGERINE
quote:
. Are they thinking "Nah, I don't want to try for 60 or even 100 million; I have no use for that". "But 700 million? I'm all over that"
Exactly!! I've been saying this. Like the 90 million a few weeks ago isn't gonna get your trashy arse out of debt and set you up for life.
Posted on 1/9/16 at 3:27 pm to LSUTANGERINE
When it gets this big it becomes a major story. Were you thinking about or hearing about the Powerball a few weeks ago? Probably wasn't even on your radar.
Posted on 1/9/16 at 3:28 pm to LSUTANGERINE
im trying to buy the pelicans
Posted on 1/9/16 at 3:32 pm to LSUTANGERINE
It's to do with odds, bro
Posted on 1/9/16 at 3:34 pm to LSUBFA83
quote:
m just the opposite. I wouldn't mind winning up to, say, $10-20 million. But much more than that and you'd have to completely change your life. You'd have to hire bodyguards, worry about the safety of your family, not see friends or family whenever you wanted.
literally 15% of the population of Beverly Hills is worth over $200 million and hardly any of them have bodyguards or worry. If you live in a place where the average nest egg is $50 million there's really not much to worry about. I guess if you want to stay in shitty Louisiana you might need a bodyguard but why would you want to do that? why wouldn't you moved to midtown Manhattan or Paris or Beverly Hills?
This post was edited on 1/9/16 at 3:36 pm
Posted on 1/9/16 at 3:36 pm to LSUTANGERINE
Didn't you take statistics in college? Your odds at winning are I believe 1 in 250,000,000. This means that once it gets over that price you're on the positive side in terms of value on your money. Right now you're getting better than 3:1 on your money, you'd be stupid not to buy right now even considering the incredible low odds at winning.
Posted on 1/9/16 at 3:48 pm to LSUTANGERINE
I'm 28 yrs old and I bought a powerball ticket for the first time in my life today.
C'monnnnn big money
C'monnnnn big money
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