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03-30-2012 , 08:45 PM

#8376

k0derkid

Pooh-Bah

Join Date: Feb 2005 Posts: 3,997

Quote:

Originally Posted by fredd-bird

Maybe we're just quibbling here, but blackjack is an idiot tax.

You're an idiot.

03-30-2012 , 08:47 PM

#8377

j2sooted

scooter, politard king

Join Date: Jun 2006 Posts: 8,574

u could come up with an approximation for whether the lotto would be be +ev or not this way maybe? if u are given the number of tickets sold, and the size of the prize pool, u could calculate the number of expected winners (or the probability of any given number of winners depending on what ur interested in). u divide the prize pool byt the number of winners. assume no taxes and not paying attention to smaller vicotires for fewer numbers. if prize pool/ number of expected winners > 176 million, it is reasonable to think that buying a ticket is +ev

03-30-2012 , 08:48 PM

#8378

allinontheturn

'Merican Dullard

Join Date: Nov 2008 Posts: 22,648

Quote:

Originally Posted by GiantWalleye

lookat the odds

Quote:

Originally Posted by Mayo

That's how math works imo.

Oh ya, for sure +EV assuming you make a couple fairly ridiculous assumptions.

Quote:

Originally Posted by BoSoxBK

Looking good BoSoxBK

03-30-2012 , 08:48 PM

#8379

j2sooted

scooter, politard king

Join Date: Jun 2006 Posts: 8,574

Quote:

Originally Posted by Mayo

The lottery is not a dumb tax. I really hate it when people say that. It's no dumber than any other form of gambling imo.

on pbs newshour they had a stat tonight, households that make less than 13k a year spend 9% of their income annually on lottery tickets

03-30-2012 , 08:49 PM

#8380

fredd-bird

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 19,338

Quote:

Originally Posted by BoSoxBK

Post some more pictures of yourself, maybe your opinion will matter then.

03-30-2012 , 08:49 PM

#8381

BoSoxBK

Best 4L Pet Owner '12

Join Date: Jun 2008 Posts: 1,357

thx, I try

03-30-2012 , 08:49 PM

#8382

EvanWilliams

4L Triviabang & FF League 1 Champ

Join Date: Dec 2008 Posts: 6,336

oh ok fn sry bai

03-30-2012 , 08:50 PM

#8383

BoSoxBK

Best 4L Pet Owner '12

Join Date: Jun 2008 Posts: 1,357

Quote:

Originally Posted by fredd-bird

Post some more pictures of yourself, maybe your opinion will matter then.

get laid, and maybe yours will matter

03-30-2012 , 08:51 PM

#8384

Abe008

I ARE just biebwr
but not a mod

Join Date: Jun 2009 Posts: 12,139

Also I've you've never won it before your chances are way higher than someone who has.

03-30-2012 , 08:51 PM

#8385

j2sooted

scooter, politard king

Join Date: Jun 2006 Posts: 8,574

Quote:

Originally Posted by :tinfoil:

if I win I am going to make the men of omg my indentured slaves and the women of omg my concubines

im gonna start a super pac and try to ruin the lives of politicians i dont like

03-30-2012 , 08:51 PM

#8386

allinontheturn

'Merican Dullard

Join Date: Nov 2008 Posts: 22,648

Quote:

Originally Posted by Mayo

I mean, buying a $1.00 ticket which is (as discussed) sometimes actually +EV and could net you HUNDREDS OF MILLIONS OF DOLLARS is smarter to me than paying $5.00 to play a hand of blackjack which is obv -EV. But no one calls blackjack a dumb tax.

It's not a tax because the government doesn't administer it.

03-30-2012 , 08:52 PM

#8387

k0derkid

Pooh-Bah

Join Date: Feb 2005 Posts: 3,997

03-30-2012 , 08:52 PM

#8388

fredd-bird

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 19,338

Quote:

Originally Posted by BoSoxBK

get laid, and maybe yours will matter

0% chance either of those things happen.

03-30-2012 , 08:53 PM

#8389

The Brickie

Carpal Tunnel

Join Date: May 2008 Posts: 11,399

Lots of animosity in this thread right now. All we need now is pelican to show up and him and j2 have a go at each other.

03-30-2012 , 08:54 PM

#8390

k0derkid

Pooh-Bah

Join Date: Feb 2005 Posts: 3,997

I ain't mad atcha, got nuthin but love for ya

03-30-2012 , 08:54 PM

#8391

Mayo

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 50,960

TEST

03-30-2012 , 08:54 PM

#8392

allinontheturn

'Merican Dullard

Join Date: Nov 2008 Posts: 22,648

Quote:

Originally Posted by j2sooted

on pbs newshour they had a stat tonight, households that make less than 13k a year spend 9% of their income annually on lottery tickets

That's my main quibble with the lottery, how ridiculously regressive it is in practice. Just what usa#1 needs.

Quote:

Originally Posted by EvanWilliams

oh ok fn sry bai

Stop! They don't love you like we love you!

Last edited by allinontheturn; 03-30-2012 at 08:55 PM. Reason: maaaps maaaaps maaaaps maaaps

03-30-2012 , 08:55 PM

#8393

The Brickie

Carpal Tunnel

Join Date: May 2008 Posts: 11,399

Pro tip, don't choose 1,2,3,4,5,6 because that would never come up.

03-30-2012 , 08:55 PM

#8394

BoSoxBK

Best 4L Pet Owner '12

Join Date: Jun 2008 Posts: 1,357

Quote:

Originally Posted by fredd-bird

0% chance either of those things happen.

03-30-2012 , 08:57 PM

#8395

BoSoxBK

Best 4L Pet Owner '12

Join Date: Jun 2008 Posts: 1,357

Quote:

Originally Posted by The Brickie

Lots of animosity in this thread right now. All we need now is pelican to show up and him and j2 have a go at each other.

never wish upon something like this

03-30-2012 , 08:58 PM

#8396

BoSoxBK

Best 4L Pet Owner '12

Join Date: Jun 2008 Posts: 1,357

03-30-2012 , 08:59 PM

#8397

-Insert Witty SN-

Carpal \'Tunnel

Join Date: Mar 2009 Posts: 17,920

reading clarkes book "cyber war" makes me feel safe

03-30-2012 , 08:59 PM

#8398

The Brickie

Carpal Tunnel

Join Date: May 2008 Posts: 11,399

Ok then, elrey and someone.

03-30-2012 , 08:59 PM

#8399

Mayo

Carpal \'Tunnel

Join Date: Sep 2006 Posts: 50,960

Quote:

Originally Posted by allinontheturn

Oh ya, for sure +EV assuming you make a couple fairly ridiculous assumptions.

Name the ridiculous assumptions, please.

Quote:

Originally Posted by j2sooted

on pbs newshour they had a stat tonight, households that make less than 13k a year spend 9% of their income annually on lottery tickets

I do not believe that statistic.

Quote:

Originally Posted by allinontheturn

It's not a tax because the government doesn't administer it.

OK that's super. Powerball and Mega Millions are not administered by the government, either. What's your point?

03-30-2012 , 08:59 PM

#8400

k0derkid

Pooh-Bah

Join Date: Feb 2005 Posts: 3,997

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