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 03-30-2012, 04:05 AM #46 grinder     Join Date: Sep 2010 Location: Chattanooga, TN Posts: 522 Re: Pool for Mega Millions??? I got merge\$ for tickets. I'm buying my own, but wouldn't mind getting in on the pool action as well. lmk if this gets worked out.
03-30-2012, 09:48 AM   #47
Carpal \'Tunnel

Join Date: Apr 2008
Posts: 12,615
Re: Pool for Mega Millions???

Quote:
 Originally Posted by tringlomane Actually the jackpot split probabilities are worse than that (based on \$540M est jackpot) because 2 winners = 26.1% 3 winners = 20.1% 4 winners = 12.1% 5 winners = 6.1% 6 winners = 2.46% etc...
Why is this? I thought 2 winners = 50% 3 winners = 33% etc...

Friend actually ended up doing the exact calculations last night it comes out to about 1.40 in ev per ticket if you take it over time or 1.06 if you take lump sum. That just uses P(someone hitting) using binomial distribution (works out to 89.x%) and multiplies that by jackpot divided by number of tickets bought. But that obv doesn't work if 2 winners means they each only get 26.1%...

 03-30-2012, 11:24 AM #48 centurion     Join Date: Aug 2010 Posts: 199 Re: Pool for Mega Millions??? who else is doing a pool???? I am dying to get in on this. Right now i am comfortable with \$10 a person
03-30-2012, 02:18 PM   #49
veteran

Join Date: Jun 2011
Posts: 2,263
Re: Pool for Mega Millions???

Quote:
 Originally Posted by zachvac Why is this? I thought 2 winners = 50% 3 winners = 33% etc... Friend actually ended up doing the exact calculations last night it comes out to about 1.40 in ev per ticket if you take it over time or 1.06 if you take lump sum. That just uses P(someone hitting) using binomial distribution (works out to 89.x%) and multiplies that by jackpot divided by number of tickets bought. But that obv doesn't work if 2 winners means they each only get 26.1%...
Yeah, I was giving you the binomial distribution numbers. The math you showed assumed that 64% of ppl got half the jackpot. Not like the numbers I wrote mean anything anymore...jackpot annuity went up \$100M. lol

 03-30-2012, 09:32 PM #50 old hand   Join Date: Dec 2010 Posts: 1,742 Re: Pool for Mega Millions??? OK, I couldn't do it and I feel bad because my bank account has not been verified yet.
03-30-2012, 10:23 PM   #51
veteran

Join Date: Jun 2011
Posts: 2,263
Re: Pool for Mega Millions???

Quote:
 Originally Posted by dirtydiana73 OK, I couldn't do it and I feel bad because my bank account has not been verified yet.
Yeah, I would have done it if I was more free, but I have been running around all day.

Good luck to all those who bought tickets!

 03-31-2012, 12:38 AM #52 Carpal \'Tunnel     Join Date: Apr 2008 Posts: 12,615 Re: Pool for Mega Millions??? My pool didn't bink jackpot. Getting \$233 back (that's what my hand scoring got)
 03-31-2012, 01:21 AM #53 journeyman   Join Date: Dec 2011 Posts: 313 Re: Pool for Mega Millions??? I got the first 3 numbers in a row, go me!!!!!111 (still lost.)
03-31-2012, 01:49 AM   #54
veteran

Join Date: Jun 2011
Posts: 2,263
Re: Pool for Mega Millions???

Quote:
 Originally Posted by zachvac My pool didn't bink jackpot. Getting \$233 back (that's what my hand scoring got)
Above average for non-jackpot wins (if pool was \$1000). Strong work!

I went 0 for 31 personally. I have \$20 in a pool that hasn't been determined yet. But I know the tickets were bought in Indiana, and they only have 1: 5 of 5, zero jackpot winners.

1/19th of \$250k, one time! haha

 04-04-2012, 07:33 PM #55 Carpal \'Tunnel     Join Date: Apr 2008 Posts: 12,615 Re: Pool for Mega Millions??? everyone who sent me money from here should have gotten 24.1% of what they sent me paid back to the same account.
04-22-2012, 10:05 PM   #56
Home Poker Pimp

Join Date: Jun 2003
Location: HP in da HOOWWSSS! (NW of Philly)
Posts: 19,605
Re: Pool for Mega Millions???

Quote:
 Originally Posted by zachvac everyone who sent me money from here should have gotten 24.1% of what they sent me paid back to the same account.
Pretty impressive return. Best of your life, on the big lotteries? I've never hit for more that \$150 and that was only twice.

04-22-2012, 10:07 PM   #57
Home Poker Pimp

Join Date: Jun 2003
Location: HP in da HOOWWSSS! (NW of Philly)
Posts: 19,605
Re: Pool for Mega Millions???

Quote:
 Originally Posted by dirtydiana73 FYI, every single combination has been played. There will be a winner for sure. .
Quote:
 Originally Posted by RedYeti How did you figure this out?
Seconded. I'd be interested in your source- PM?

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