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Who wants to be a Lottery Degan With Me!

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10-22-2010 , 02:15 PM

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

In spirit of the Lottery Degens, and that the Mega Millions Jackpot is a lil over $100 Million, I myself am opening the field to all other degens to join the party!

Here is the ticket!!!!

Send $1 on stars to D_alex4176.

Winnings will be split evenly!

FULL PROOF SYSTEM, WE COULD EACH POTIENTIAL HAVE MILLIONS TOMMORROW MORNING

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10-22-2010 , 02:18 PM

pelicanpoker

World's Best Dad

Join Date: Oct 2008 Posts: 21,363

its a tarp

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10-22-2010 , 02:19 PM

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

^lol, not really!

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10-22-2010 , 02:20 PM

EADGBE

Carpal \'Tunnel

Join Date: Jul 2009 Posts: 15,841

01 12 13 16 37

02 23 25 26 53

poooor number distribution
dont try to dump your ragged mega tickets on us sir

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10-22-2010 , 02:20 PM

nuisance

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 11,643

I never play the lotto but for some reason when it hit's $100m I will buy a ticket. The funny thing is it doesn't have to actually be that high for it to change my life.

Question. Why do people buy a ticket only when it's that high as if there a major difference between winning $100m and $10m when most people make around $50k a year? and even $1m would be life changing

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10-22-2010 , 02:20 PM

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

Quote:

Originally Posted by EADGBE

01 12 13 16 37

02 23 25 26 53

poooor number distribution
dont try to dump your ragged mega tickets on us sir

Auto Pick!

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10-22-2010 , 02:21 PM

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

Quote:

Originally Posted by nuisance

I actually throw $5 a week regardless

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10-22-2010 , 02:25 PM

nuisance

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 11,643

It's just funny how people are like oh man I gotta play it's up to $500mm... When they make $12-$15hr and even $24k would be a yrs worth of pay.

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10-22-2010 , 02:26 PM

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

Quote:

Originally Posted by nuisance

It's just funny how people are like oh man I gotta play it's up to $500mm... When they make $12-$15hr and even $24k would be a yrs worth of pay.

12 people from my work split 206 Mil, 2 years ago....Sucked balls I wasnt involved in that!

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10-22-2010 , 02:29 PM

#10

nuisance

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 11,643

That sucks. I usually get into the workplace pools just for that reason. If my ****** coworkers won and I missed out I would be sooooooo pissed.

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10-22-2010 , 02:30 PM

#11

DEVONALEXANDER

grinder

Join Date: Jun 2009 Posts: 435

Quote:

Originally Posted by nuisance

That sucks. I usually get into the workplace pools just for that reason. If my ****** coworkers won and I missed out I would be sooooooo pissed.

Funny thing is 4 of their co-workers were tied up in a law suit for a year, saying they deserved their cut, when they never even put money in...lol

http://www.daytondailynews.com/e/con...otteryweb.html

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10-22-2010 , 02:31 PM

#12

SIThomer

veteran

Join Date: Oct 2007 Posts: 2,038

Your posts remind me of a great commercial the new york lottery sponsored relating to your point exactly.

A man is sitting on his couch watching TV when his wife looks out the window and to her shock see's 100 dollar bills raining from the sky. Excitedly she turns to her husband and says lets get out there to get the money. The husband is unmoved and says nahhh it's probably only 7 or 8 million what's the point

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10-22-2010 , 02:39 PM

#13

JustJ46671

Low Content

Join Date: Aug 2009 Posts: 11,951

no money in lotto...everyone's solid

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10-22-2010 , 02:41 PM

#14

EADGBE

Carpal \'Tunnel

Join Date: Jul 2009 Posts: 15,841

Quote:

Originally Posted by JustJ46671

no money in lotto...everyone's solid

its teh sick rake brO

the guberment pot rakes it
and then after u bang it u get income tax raked

unbeatable game imo

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10-22-2010 , 02:46 PM

#15

StepBangin

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 12,594

Quote:

Originally Posted by nuisance

It's just funny how people are like oh man I gotta play it's up to $500mm... When they make $12-$15hr and even $24k would be a yrs worth of pay.

Because the EV changes. Although, it's still negative

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10-22-2010 , 04:19 PM

#16

kevinful

centurion

Join Date: Jul 2007 Posts: 122

It was up to $200 mill last August. Odds are 1 in 176 mill... so it was actually +EV then.

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10-22-2010 , 04:27 PM

#17

bosox15

old hand

Join Date: May 2009 Posts: 1,553

Quote:

Originally Posted by kevinful

It was up to $200 mill last August. Odds are 1 in 176 mill... so it was actually +EV then.

Until you and 2 other people hit the same winning numbers.....

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10-22-2010 , 04:41 PM

#18

Henry17

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 27,710

Quote:

Originally Posted by nuisance

Question. Why do people buy a ticket only when it's that high as if there a major difference between winning $100m and $10m when most people make around $50k a year? and even $1m would be life changing

If you are not going to play every week then there has to be some trigger. Prize size seems better than moon cycle.

Not sure how how the US lottery works but the main Canadian lottery becomes +EV somewhere in the $12-15M range so even though people playing the lottery likely don't take that into consideration it would explain the large jackpot rush.

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10-22-2010 , 05:15 PM

#19

irunittwice

newbie

Join Date: Aug 2010 Posts: 23

I don't think the lotto has ever ACTUALLY been +EV-- You have to factor in taxes, in addition to the possibility that you will split the winnings, and when that happens the prizes 200 million and above become -EV again. I don't know that it ever would be +EV, because lottery participation grows rapidly as prizes get bigger and bigger.

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10-22-2010 , 05:29 PM

#20

hey kid

newbie

Join Date: Jun 2010 Posts: 48

Quote:

Originally Posted by kevinful

It was up to $200 mill last August. Odds are 1 in 176 mill... so it was actually +EV then.

+EV is irrelevant when your lifetime is way shorter than the expected amount of times it would take to win

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10-22-2010 , 05:36 PM

#21

Henry17

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 27,710

Quote:

Originally Posted by hey kid

+EV is irrelevant when your lifetime is way shorter than the expected amount of times it would take to win

While that is true you could counter with EV using dollars is also irrelevant when you are talking about such small and large numbers. $500 a year has such negligible impact on someone's quality of life who is not already destitute and it offers an infinitesimal chance at something that would have an extraordinary impact. When the numbers are like this you need to get into the utility that different monetary amount have.

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