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How Come I Have NOT Won The Lottery Mega Jack Pot?


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Not illegal alien?

Not old enough? (Elderly on death bed)

Don't live in double wide?

Not liberal?

 

 

Probably others that I'm not thinking of.

 

Or you're just looking too forward to be on (How the Lottery changed my life). LOL

 

I've been wondering same thing. My wife says all her luck was used up surviving Breast cancer.

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Odds are, what, 1 in 175 million?  Once you've gotten your 175 millionth ticket, you'll be statistically due!  If you play one ticket every week for twenty years, you'll be one six millionth of the way there.

 

There's a way to calculate the expected payout of a single ticket.  Basically, multiply your chances of winning (1.75x10-8) by the expected jackpot and subtract the product of your chances of losing (1-1.75x10-8) by the money you paid ($2).  For each ticket you play on a $100 million jackpot, the expected value of your ticket is a loss of 25 cents.  In order for the ticket to have an expected value of $0, in fact, the jackpot would have to be over $114 million.

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Odds are, what, 1 in 175 million?  Once you've gotten your 175 millionth ticket, you'll be statistically due!  If you play one ticket every week for twenty years, you'll be one six millionth of the way there.

 

There's a way to calculate the expected payout of a single ticket.  Basically, multiply your chances of winning (1.75x10-8) by the expected jackpot and subtract the product of your chances of losing (1-1.75x10-8) by the money you paid ($2).  For each ticket you play on a $100 million jackpot, the expected value of your ticket is a loss of 25 cents.  In order for the ticket to have an expected value of $0, in fact, the jackpot would have to be over $114 million.

 

And that's just the straight up math and NOT a real statistical model. Matthew got it right... Just like a speeding ticket is a voluntary tax on lateness or fun.

 

I've bought both kinds of tickets before and they both left my wallet lighter...

Edited by Maxwelhse
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And that's just the straight up math and NOT a real statistical model. Matthew got it right... Just like a speeding ticket is a voluntary tax on lateness or fun.

 

I've bought both kinds of tickets before and they both left my wallet lighter...

I always considered speeding tickets "high speed driving awards"....LOL

Edited by sccritterkiller
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Gambling can be a VERY high tax on the  low IQ person.

 

In this state people have lost homes property ...every thing at the casinos.

If you bet the farm...you lose the farm.

 

Every time I am in Vegas  (matches, shot show ect)  I look at the Billions of dollars it took to build all those hotel casinos.

They didnt do it by people winning.

 

A couple bucks for a very slight chance of millions....once in a while isnt even a gamble,  its a sure thing!!!

You gonna losehaha.gif

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Can't win if you don't play. You all get a new AK if I win one day.

 

Two bucks is a fair investment considering the return.

 

I play Montana lottery every time I fill up my vehicle which is about once a month. Always go for the upgraded powerball. You may not win millions with the state lottery but if you play your entire adult life, there is a good chance that one day you will at least get your investment out of it.

 

At least this is how I try to explain it to my wife who is an expert with numbers. :)


Lotteries were invented for the mathematically challenged.

And then you get into theory of math and find that fate is a very complex formula that may develop in your reality.

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You MUST spend at least $20 per week to have a realistic chance at winning the BIG ONE!!

 

GO FOR IT!!!   :D

 

 

 

 

 

 

Or... spend $20 per week on booze. You won't be a billionaire, but you won't mind so much!  ;)

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Can't win if you don't play. You all get a new AK if I win one day.

 

Two bucks is a fair investment considering the return.

 

I play Montana lottery every time I fill up my vehicle which is about once a month. Always go for the upgraded powerball. You may not win millions with the state lottery but if you play your entire adult life, there is a good chance that one day you will at least get your investment out of it.

 

At least this is how I try to explain it to my wife who is an expert with numbers. smile.png

Lotteries were invented for the mathematically challenged.

And then you get into theory of math and find that fate is a very complex formula that may develop in your reality.

You live in Montana.....and buy gas once a month

Dont get out much??

 

My friends in trout creek live blocks from the river

The buy more than that just to go fishing

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I only play when it gets over $150 mil....At $150 mil if you take the one time payout an then pay your taxes you might walk away with 25-30 mil....If I win I want to be able to actually quit working...I still about 30 years from retirement so I think I could stretch 30 mil over 30 years and still have something left over for retirement years...IMO nothing would suck more to win the lottery and have to go to work the next day...lol

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IMO nothing would suck more to win the lottery and have to go to work the next day...lol

 

Hummm... As one of my old professors used to say, "We screwed up bad, guys. We could have all been braumeisters."

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I like to play craps, I win some I lose some , but I never think Im going to hit it big or get rich.

 

If im winning, I keep playing.

If I start loosing I stop betting

 

Im up on them by thousands of dollars, but I know I could give it all back .

You have to know when to quit

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I play my own lottery. I put a little money in a metal barrel every week. At 20 years I cut it open and collect my winnings.

 

Last week I won $500 and I owe the state nothing in tax.. At 6 I was saving pennies, so it was a little thin this time. When I'm 46 I bet I'm going to hit the freaking jack pot.

 

How about those tickets?

 

PS I have no luck for winning things, so a piggy bank is as close as I get to winning money.

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Take the money you spend on lottery tickets and put it in a jar instead. After a couple of years you'll be able to see all the money you would have blown, and instead you can go buy some ammo.

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